Security Financial News

Equity markets witnessed a gradual decline after opening higher on Monday amid high volatility. Analysts said the surge in India VIX by over 70% in the last eight trading sessions from around 10 to its 52-week high near 17 level indicates increasing nervousness among investors due to the ongoing global uncertainties and Lok Sabha election outcome next month. «Hence, markets are likely to remain in a broader range with stock-specific action in the near term,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Indian Overseas Bank (IOB) has put on sale 92 bad loan accounts totalling ₹13,472 crore, including Videocon Industries (₹900 crore), Frost International (₹839 crore) and Rotomac Global (₹750 crore), for a reserve price of over ₹4,000 crore. The sale is the Chennai-based bank's attempt to explore other avenues for recovery when cases in the National Company Law Tribunal (NCLT) are delayed beyond any timeline, IOB executive director Joydeep Dutta Roy said.

Osaic is now officially an even larger force to be reckoned with.

In February, Robinhood disclosed that it had received subpoenas from the SEC related to its cryptocurrency listings, custody and platform operations.Now it has been sent a Wells notice, which are usually issued to warn companies that the SEC has enough information to take enforcement action.“After years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’ we are disappointed that the agency has decided to issue a Wells Notice related to our US crypto business,” says Dan Gallagher, chief legal, compliance and corporate affairs officer, Robinhood in a blog.Gallagher, a former SEC commissioner, adds: “We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any case against Robinhood Crypto would be on both the facts and the law.” The company adds that it has already made "difficult choices" to not list some tokens or provide products, such as lending and staking, that the SEC previously alleged are securities in public actions against other platforms.It has stopped support for Cardano, Polygon and Solana on June 27, which were named as securities in SEC lawsuits against Binance and Coinbase.

A technology provider is taking a bold step forward to help advisors unlock the full potential of generative AI at their practices.

The US Securities and Exchange Commission warned Robinhood Markets Inc. that it faces an enforcement action over its crypto business — the latest sign that the regulator isn’t letting up on its years-long crackdown on digital assets.

Global Infrastructure Partners and Canada Pension Plan Investment Board agreed to acquire Allete Inc., a Minnesota-based utility owner, for about US$3.9 billion.

China's gold consumption rose 6% in first quarter this year; what is driving the rally? "The downside that we've seen over the last few weeks might actually be running out of steam, opening (the) door for gold prices to resume their upward trajectory," Daniel Ghali, commodity strategist at TD Securities, was quoted as saying Reuters. On Friday, data revealed that job growth in the U.S. decelerated more than anticipated in April, with the rise in annual wages dropping below 4.0% for the first time in nearly three years.

New Delhi: India on Monday permitted export of 14,000 million tonnes of non-basmati white rice to Mauritius, the Directorate General of Foreign Trade (DGFT) said in a notification. “The export of 14,000 MT of Non-Basmati White Rice to Mauritius has been permitted through National Cooperative Exports Limited (NCEL),” the DGFT said. In July 2023, the government had prohibited the export of non-basmati white rice but it had said exports would be allowed on the basis of permission granted to other countries to meet their food security needs and based on requests from those countries.

The Nifty 50 closed 0.15% lower at 22442.70 points. However, the 30-member S&P BSE Sensex edged 0.02% higher to 73,895.54 as the drop in state-run banks was offset by gains in IT stocks and Kotak Mahindra Bank.

RBI issued a draft prudential framework for lenders undertaking project finance, which proposed an increase in standard asset provisioning to 1-5% of loans from the current 0.4% in a phased manner on project loans that are not overdue to stressed. When a project is in the construction phase, lenders must set aside a provision of 5% of the loan amount, according to the draft rules.

iPhone models, with the iPhone 15, iPhone 15 Pro, and iPhone 14 coming in second, third, and fourth, respectively. Samsung's Galaxy S24 Ultra took the fifth spot, while the Galaxy A15 5G and A54 secured sixth and seventh. Moreover, the report also highlighted that the iPhone 15 Plus secured the eighth position, whereas the Galaxy S24 and A34 rounded out the top 10.

May 2024 is a pivotal month for the crypto market, marked by two significant events that could have profound implications for the sector. Investors, traders, and market analysts eagerly anticipate the U.S. Securities and Exchange Commission’s (SEC) decision on an Ethereum (ETH) exchange-traded fund (ETF) and the trading debut of Retik Finance (RETIK). Here’s a detailed look at each event and what it could mean for the broader crypto market.

Web3 cross-chain protocol Axelar has announced over 60 chains including Stacks, Moonriver, Hedera Network and Iron Fish have joined a devnet-phase pilot of Interchain Amplifier.

The Australian Federal Court has delivered a ruling mostly  in favor of  Australia’s markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme. 

Pixel 8a will feature a generous 6.1-inch FHD+ display boasting a smooth 120Hz refresh rate and fortified with Gorilla Glass 3 protection. Under the hood, it is said to be powered by the cutting-edge Google Tensor G3 chipset and fortified with a Titan M2 security chip. The device is expected to come with 8GB of LPDDR5x RAM paired with either 128GB or 256GB of UFS 3.1 storage, ensuring ample space for all your needs.

OnePlus phone on the BIS website. The listed phone carries the model number CPH2619, believed to be connected to the OnePlus Nord CE 4 Lite. According to the tipster, the OnePlus Nord CE 4 Lite will be priced below Rs.

Indian crew on board, west of Beypore off the coast of Kerala late on May 05, 2024, the Indian defence ministry said, adding that the swift sea-air coordinated operation involved the ships and aircraft of the ICG. Taking to the microblogging platform (formerly known as Twitter), the Indian Coast Guard posted," In a swift sea-air coordinated operation intercepts & detains #Iranian fishing vessel in #Arabian sea west off #Kerala coast with 06 #Indian crew employed on contractual basis at Iran. Crew alleges exploitation & mistreatment by the boat owner.

Vice President Teodorin “Teddy" Nguema Obiang was in a mood for payback. The Obiangs have run the oil-rich Central African country of Equatorial Guinea like a family ATM since 1979, accumulating mansions in Paris and Malibu, Ferraris and Bugattis, and at least three superyachts, according to court documents. And now a South African court was seizing Nguema Obiang’s two high-end Cape Town villas and the Blue Shadow, the yacht that carries his jet-ski collection while he vacations on one of the other two.

European Commission President Ursula von der Leyen said on Monday that the EU would not shrink back from taking tough measures to protect its economy and security, amid tense trade relations with China. «China that plays fair is good for all of us,» she said following trilateral talks in Paris with Chinese President Xi Jinping and French President Emmanuel Macron. «Europe will not waver from making tough decisions needed to protect its economy and its security,» she said. «We will defend our companies, we will defend our economies.»

KuCoin, a leading global cryptocurrency exchange, is excited to announce its 27th Spotlight Token Sale featuring Lifeform (LFT), a trailblazer in decentralized digital identity (DID) solutions. Lifeform is revolutionizing the digital world by providing secure and seamless decentralized digital identity solutions. It includes state-of-the-art 3D avatar creation tools, visual DID protocols, and a native Web3 decentralized identity system, backed by a robust metaverse engine SDK. Lifeform is devoted to advancing the Bitcoin ecosystem.