Security Financial News

The Securities Commission Malaysia (SC), the country’s regulator, has approved the trading of the Worldcoin (WLD) token on digital asset exchanges recognized by the SC.

Authorities say a security guard trainee at an Amazon warehouse in Ohio was fatally shot by police after he tried to shoot his supervisor and later shot an officer who was saved by his bulletproof vest

₹1,176 crore from anchor investors. According to a circular posted late Tuesday, the business has allocated4.32 crore equity shares to 56 funds at ₹272 each, at the upper end of the the price band. The firm's investors include cricketer Virat Kohli, his wife, and actress Anushka Sharma.

considering discussing generative AI and making enterprise-wide changes on them. This comes on the back of more than half the respondents stating that GenAI’s impact on their business model will be greater than that of previous disruptive technologies like the internet and smartphones. Also Read: AI asymmetry: Can our IT service firms close their gap with GenAI rivals? At least 54% of senior executives who have responded believe that their company is a long way from fully leveraging Al, with the primary barrier being the quality and availability of enterprise data.

Oberoi Realty jumped 7 percent to their record high of ₹1,629.15 apiece in intra-day deals on Wednesday, May 15, after the real estate developer posted robust earnings for the quarter ended March 2024 (Q4FY24). The Mumbai-based developer posted a 64 percent year-on-year (YoY) increase in its net profit to ₹788 crore as against ₹480.3 crore in the same quarter last fiscal. Meanwhile, its total income for the quarter under review surged 56 percent YoY to ₹1,558 crore.

US district court has approved a stipulated dismissal agreement that lifts sanctions on more than 90 foreign nationals, many of whom are Indian, who were previously denied re-entry to the US or deemed ineligible for visas due to their association with an Optional Practical Training (OPT) fraud committed by their former employers. These students, who were victimized by fraudulent OPT employers, had faced severe repercussions, including being denied entry into the US and visa ineligibility. One affected individual from Chennai recounted being turned away by US customs officials after a brief vacation, simply because he had briefly worked for a blacklisted company certified for conducting OPT. Jesse Bless, an attorney representing the plaintiffs, told TOI's Lubna Kably that after extensive negotiations, the US Department of Homeland Security (DHS) agreed to review its records and confirmed that these former students are neither inadmissible to the US nor ineligible for visas solely based on their employment with fraudulent OPT companies. «With the inadmissibility lifted, these plaintiffs have now regained another opportunity to live and work in the United States,» Bless said.

SBI Mutual Fund has filed a draft document with Sebi for an innovative opportunities fund. SBI Innovative Opportunities Fund will be an open-ended equity scheme following the innovation theme. The investment objective of the scheme is to provide investors with opportunities for long-term capital appreciation by investing in equity and equity-related instruments of companies that seek to benefit from the adoption of innovative strategies and themes. The scheme will be benchmarked against Nifty 500 TRI. It will be managed by Dinesh Balachandran and Pradeep Kesavan.

₹150, which is 61.29% higher than the issue price of ₹93. However, after a positive debut, the stock was locked in 5% lower circuit. TGIF Agribusiness IPO opened for subscription on Wednesday, May 8, and closed on Friday, May 10.

₹315 on NSE, same as its issue price. Meanwhile, on BSE, the stock listed at ₹314.30, a discount of 0.22 percent. The ₹3,000 crore initial public offering (IPO) of Aadhar Housing Finance was open for subscription between May 8, 2024 - May 10, 2024, with a price band in the range of ₹300-315.

banana peel that Indian banks were slipping on, recalling that in 2020, RBI had put restrictions on HDFC Bank for technological inadequacies. Another article about the cost of digital banking, while failing to highlight its significant benefits in reducing transaction costs and enhancing financial inclusion, quoted various bankers who put the technology spend of banks at around 10% of their overall expenses.

Mumbai's Ghatkopar at 8 pm from Shreyas Cinema on LBS Road to Gandhi market on Wednesday, May 15. To avoid security lapses, Mumbai police issued traffic guidelines for the day. Multiple routes including LBS road in Ghatkopar will remain closed for some hours.

On Monday, the National Company Law Tribunal deferred a class-action case filed by some shareholders of ICICI Securities (I-Sec) who are up in arms over the company’s move to delist itself and merge with parent ICICI Bank under a plan that won shareholder approval on 28 March. As investors, they were offered 67 shares of ICICI Bank for every 100 of I-Sec, a brokerage business owned nearly three-fourths by ICICI Bank and the rest by the public. As disgruntled minority owners saw it, that share-swap ratio implied their company had been valued at only about half its earnings multiple than at the time it was listed for trading six years ago.

India-Maldives Relations: India has dismissed claims made by Maldivian Defence Minister Ghassan Maumoon, who alleged that Indian military helicopter pilots in the Maldives conducted an unauthorised operation in 2019. In a post on the social media site X (formerly known as Twitter), the High Commission of India in the Maldives issued a statement asserting that Indian aviation platforms in the Maldives have always operated according to “agreed procedures and with due authorisation." “Indian aviation platforms in the Maldives have always operated as per agreed procedures and with due authorization from MNDF.

Myanmar ruling junta’s decision to opt for Russia for building a Dawei deep seaport on the country’s east coast has riled China which was also eyeing to construct the port located close to the Thailand border. The Myanmar junta is keen for Russians to invest in the port project along with a special economic zone including an oil refinery, ET has learnt.

₹40 lakh for them, which is higher than what a middle-manager gets in these banks," said Upasana Agarwal, partner for professional and financial services at ABC Consultants, an executive search and talent advisory firm. “Their job role will include working with banking domain leaders to train the younger workforce on AI modules." According to Vijay Sivaram, chief executive of Quess IT Staffing, there has been a 30-35% increase in hiring mandates for AI-skilled engineers across sectors over the past year-and-half. Some of the growing demand for AI-skilled employees may be fuelled by market hype, say recruiters.

F&O ban list: Nine stocks have been banned for trade on Wednesday, May 15, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE.

A recent influx of investor disclosures has Bitwise, one of the United States’ leading Bitcoin ETF providers, “incredibly bullish” on BTC.

«He's like, 'Oh, I had to fly commercial. I didn't have these charter flights.' Or, 'Oh, these guys are making $40 million. Like, my contract was only — I don't know, $10 million.' And he kind of sounds disgruntled,» Bird said on NPR's «Fresh Air» last month. Bird, who retired from the WNBA after the 2022 season, cannot wait to toss out her own back-in-my-day tales.

The days of noncompete agreements might be numbered, and that bodes well for advisors seeking to jump from broker-dealers to RIAs.

₹1,176.59 crore from anchor investors a day before its initial public offerings (IPO) opens for subscription. According to the exchange filing, the company allocated 4,32,57,009 equity shares to anchor investors at a price of ₹272 per share.

One of the largest pension funds in the United States disclosed on Tuesday a $162 million allocation to the nation’s leading Bitcoin spot ETF products launched earlier this year.