Security Financial News

₹6,994.86 crore worth of shares. The correction may not be over yet, either: huge bearish bets on the Nifty and Bank Nifty futures contracts signal that the decline may extend till the end of the month. The nervousness on the Street was reflected by fear gauge India Vix closing at a 20-month high of 18.2.

security incident to the company. Narrating his grievance social network forum Reddit, the employee said, “I reported a security incident in TCS where my manager was making employees use their personal laptops and sharing login credentials.”

mutual fund KYC (know your customer) rules came into effect from April 1, around 3% of MF accounts have ‘KYC Hold’ status, stated the Association of Mutual Funds of India (AMFI) on Thursday. While noting that the mutual fund industry is addressing concerns for a smooth KYC process, AMFI CEO Venkat Chalasani said, “Together with AMCs, distributors and other stakeholders, we are committed to facilitating a seamless KYC validation process for all, thereby ensuring the integrity and accessibility of mutual fund investments across the board.” “If KYC was to be an issue, then you clearly would have seen a downtick in transaction count. Amounts may not necessarily be the best indicator. It is really the number of transactions. And I think we have to, from a perspective of the industry, thank the regulator as well because they have also been pushing all of us, AMCs, MFDs, RIAs, etc, to make sure we handhold the customer,” said Anthony Heredia, MD & CEO of Mahindra Manulife Mutual Fund.

Marsh, the insurance broking and risk advisory business of Marsh McLennan, has unveiled an insurance solution designed for crypto-asset service providers operating within the European Union (EU).

Crypto lender Ledn revealed loans statistics for the first quarter on Thursday, surpassing all previous quarters since its inception in 2018.

Tamil Nadu Animal Husbandry Department has announced a ban on 23 'ferocious' dog breeds including Pitbull terrier and Tosa Inu in the state The ban came days after a incident in Chennai where a Rottweiler dog bit and injured a child. In the incident a five-year-old girl was grievously injured when two pet Rottweiler dogs ferociously attacked her in a park. Later cops arrested three people, including the pet owner. The case was filed after the girl's mother said the owners of the dogs «acted carelessly».

insurance company Digit is set to hit the public markets on May 15, looking to raise Rs 1,125 crore through a fresh issue of shares and an offer for sale of 54 million equity shares. The initial public offering (IPO) comes almost two years after the firm filed its draft prospectus with the markets regulator in August 2022. Digit had attained a private market valuation of $4 billion in May 2022.

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voter turnout and ensure accessibility during the upcoming polls in the national capital, the Chief Electoral Officer (CEO) of Delhi, P. Krishnamurthy, announced a strategic collaboration with ride hailing platform Rapido on Thursday. As part of this partnership, eligible voters in Delhi will be able to avail of free rides from the polling booths to their residences on the voting day, scheduled for May 25, ANI has reported. With the support of Rapido's extensive network of bike riders, the initiative seeks to bridge the gap between voters and polling booths, encouraging greater civic participation.

Retik Finance’s record-breaking presale signals robust investor confidence RETIK has already made waves in the financial community by raising a staggering $32,050,000 during its presale, a clear indicator of the market's enthusiasm and confidence in its potential. This remarkable achievement underscores the significant interest and anticipation surrounding RETIK's market debut. Retik Finance is not just another entry in the crowded crypto space. It promises to revolutionise DeFi by integrating cryptocurrencies with traditional banking functionalities. The platform is designed to cater to the needs of modern users who seek efficiency, security, and accessibility in their financial transactions. Retik Finance (RETIK) groundbreaking products set to transform the financial ecosystem Retik Finance is designed to be a transformative platform within the decentralised finance (DeFi) landscape. It offers innovative financial tools and services that bridge the gap between traditional finance and blockchain technology. Key offerings include:

Peter Routledge pushed back on criticism that his Office of the Superintendent of Financial Institutions (OSFI) is using new regulation to dictate the culture and values at Canadian banks and telling boards and executives how to manage the integrity and security of their financial institutions. 

The retirements were revealed in a circular in September 2023, and today (9 May) the trust said it «would like to take this opportunity to reiterate its sincere thanks to Charlie, Gaynor and Donald for their significant and valued contributions to the company». Ashoka WhiteOak Emerging Markets proposes merger with Asia Dragon Ricketts joined DGN in April 2016, serving as a senior independent non-executive director and remuneration committee chairman for the past eight years. Before that, he was head of investment funds at Cenkos Securities, where he provided equity capital markets ser...

The European Union (EU) securities watchdog, the European Securities and Markets Authority (ESMA), is seeking input from stakeholders on the potential inclusion of crypto assets in investment products.

The Capital markets regulator Securities and Exchange Board of India (Sebi) has recently issued a master circular for all registered registrars to an issue and share transfer agents (RTAs).

Mint. In light of the general elections in 2024, the company undertook a similar approach during FY24, as it focused on achieving the maximum output during the first nine months. It had secured around 75% of its order inflow for FY24 during the first three quarters, Raman said.

Also Read: Why is Indian stock market falling for five straight sessions? Amid this backdrop, the Nifty PSU Bank index saw a significant decline of 6.30% in a week, falling from 7,600 points to the current trading level of 7,108 points. Notably, stocks like Punjab National Bank and Canara Bank experienced the most substantial fall during this period, losing 12% and 11.4% of their value, respectively.

Punjab National Bank (PNB) has decided to close accounts where there has been no operation by the customer for the last three years and there is no balance in these accounts. The bank took this measure to avoid the security threat and to ensure that these accounts are not misused.

CGBSE Class 12 Toppers List:

EQT Partners, the global private equity fund, is all set to list its healthcare Business Process Management (BPM) portfolio Sagility LLC, formerly Hinduja Global Solutions Healthcare LLC, in Indian bourses, said multiple people aware of the development. EQT has hired investment bankers — ICICI Securities, IIFL, JP Morgan and Jefferies. This proposed IPO is likely to value Sagility at about $3 billion (Rs25,000 crore ) and EQT may raise about $400-500 million (Rs4000 cr), said sources.

Exodus Movement, a prominent crypto wallet company, has announced a delay in its planned listing on NYSE American, the sibling market of the New York Stock Exchange.

Indian Hotels Company, Central Depository Services (India) Ltd (CDSL) , Welspun Enterprises , Sterling and Wilson Renewable Energy (SWSOLAR) are the four stock picks by Yes Securities for the month of May'2024. Central Depository Services (India) Ltd (CDSL).