Security Financial News

02.05 / 20:51

Waters SEC Merit Action security show Courts Broker Barred Texas broker sold GPB fund without a license: SEC

A former longtime broker in Texas who ran a small investment fund that owned units of stuck-in-limbo GPB Capital private placements received a federal court’s approval this week of a $435,000 settlement resolving charges he sold the fund despite not having a securities license at the time.

02.05 / 20:40

markets Target Progressive security Sustainability information International Text of the policy statement the Federal Reserve released Wednesday

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

02.05 / 19:53

markets COST Provident Booking security Yellow Research Gold rates today: Yellow metal pulls back over high interest rates by US Fed, silver trades flat

₹70,615 per gram on the multi commodity exchange (MCX). Also Read: US Fed to hold rates at 23-year high-mark until inflation cools, slows pace of balance sheet runoff: 5 key highlights -Analysts say that given the sticky inflationary environment and the relative strength of the US dollar, there has been some pressure on the gold market over the course of the last couple of weeks. They believe the pullback has not yet run its course.

02.05 / 18:21

Target Ball security WhatsApp Sunrisers Hyderabad beat Rajasthan Royals by just one run

Sunrisers Hyderabad snatched victory from the jaws of Rajasthan Royals on Thursday, winning by just one run. At the brink of defeat, SRH secured the victory on the very last ball, handing the table-toppers their second defeat in the tournament. The victory came on the last ball of the match, when Bhuvneshwar Kumar trapped Rovman Powell in front of the stumps, denying the Royals the one run needed to draw the match. Earlier, skipper Pat Cummins won the toss and opted to bat against Rajasthan Royals in their Indian Premier League (IPL) match at Hyderabad on Thursday.

02.05 / 16:19

markets FIVE security Investigations International Manpasand Beverages | ‘Fake’ company, GST fraud & more; Here's how SEBI unfolded this corporate scam

Manpasand Beverages Scam: The capital markets regulator Securities and Exchange Board of India (SEBI) has barred Manpasand Beverages Ltd (MBL) and its top officials and directors from the securities markets for a period of three years from now and also imposed a total penalty of ₹74 lakh for manipulating and mis-reporting the company's financial statements. Apart from MBL, those who restrained by SEBI are -- the promoter, chairman, managing director (CMD) Dhirendra Singh, promoter and executive director Abhishek Singh and chief financial officer (CFO) Paresh Thakkar. Also, these four entities have been fined ₹17 lakh each, which needs to be paid within a period of 45 days, SEBI said in its recently released 55-page order.

02.05 / 16:19

markets Ethereum Provident security Trade Bitcoin recommendations ChatGPT advises investors with high risk appetite to invest in cryptos. Should you take the plunge?

high-risk investor, it promptly asks you to put your money in cryptocurrencies, among other options. Not only does it suggest investing in cryptos, but it also shares with the inquisitive user the key reason for doing so. It says that the cryptocurrency market is highly speculative and volatile, and therefore it is suitable only for the high-risk investors who are seeking substantial returns.

02.05 / 16:19

COST Manufacturing Airlines security reports rights IndiGo announces special bonus for staff

Mint has reviewed a copy of the mail. As per the airline's latest annual report for 2022-2023, the total staff strength of IndiGo was 32,407 employees. "We started our path to recovery in the second half of the year 2022 and since then we demonstrated solid and strong performance," the airline said in the mail, adding that it became a net worth positive company with its October-December 2023 results and the recent wide-body aircraft order is further support for a robust future.

02.05 / 16:19

Digital Action security information reports guidelines RBI removes curbs on Bajaj Finance, allows resumption of lending through eCom and Insta EMI Card

Bajaj Finance to resume sanctioning and disbursal of new loans under its two lending products – eCOM and Insta EMI Card. The development came mere days after the company indicated its compliance and formally sought a review from the RBI. “We wish to inform that the RBI, vide its letter dated 2 May 2024, based on the remedial actions taken by the Company, has conveyed its decision of lifting the said restrictions on eCOM and online digital ‘Insta EMI Card’, with immediate effect," Bajaj Finance said in a regulatory filing on Thursday.

02.05 / 15:35

markets security Trade Experts stage track Updates Whales Are Taking Profit On Solana Meme Coins To Accumulate Utility Tokens Rollblock (RBLK) and Cosmos (ATOM)

After the recent meme coin boom, crypto whales are cashing out. Many believe that meme coins could crash following Bitcoin’s halving. As a result, they’re using their profits to accumulate utility tokens such as Cosmos and Rollblock. These utility tokens have great potential to soar in 2024. Here’s why.

02.05 / 14:07

markets Provident Google Action security Enterprise information Google adds Azure & AWS support, enhances Cloud security with AI integration

Google Cloud Security, in an interaction. “With AI, we’re able to achieve simple translation of native language to query language, which will provide actionable information and summarize the information," he added.

02.05 / 14:07

markets security SpaceX country reports Interviews Investigations Elon Musk's Starlink defies licensing warnings, continues service in unauthorized regions: Report

SpaceX, the parent company of Starlink, had sent emails last month to customers in various African nations indicating that roaming service would be restricted in regions where it was illegal to operate. Despite this, Adam Mohamed, a resident of El-Fasher in conflict-stricken Sudan, was able to conduct an interview with the wire via a Starlink connection on Wednesday.

02.05 / 13:03

markets Target Manufacturing security performer reports recommendations Ventura initiates coverage on VIP Industries, sees upside scope of 35%

Ventura Securities has initiated coverage on VIP Industries with a Buy rating and has recommended a price target of Rs 741 with a 24-month view. The target price signals an upside potential of nearly 35% from the current market price of Rs 551. “Over FY23-27, we are expecting the company’s revenue/ EBITDA/ net earnings to grow at a CAGR of 14.6%/16.4%/18.5% to Rs 3,593 crore/Rs 581 crore/Rs 300 crore, respectively, while EBITDA and net margins are expected to improve by 96 bps to 16.2% and 105 bps to 8.4%, respectively. Return ratios – RoE and RoIC – are expected to improve by 694 bps to 30.7% and 2647 bps to 58.3% by FY27,” the brokerage report states.

02.05 / 13:03

markets UPS Provident security Research Trade Gold climbs Rs 500; silver jumps Rs 400

capital on Thursday amid a rally in precious metal rates in the global market, according to HDFC Securities. In the previous session, it had closed at Rs 71,850 per 10 grams. Silver prices also jumped Rs 400 to Rs 83,500 per kg. It had ended at Rs 83,100 per kg in the previous trade.

02.05 / 12:57

COST CEO security stage reports recommendations International Federal Bank in advanced stage of sending names of CEO candidates to RBI

Federal Bank is in an advanced stage of sending the names of potential candidates for the post of managing director and chief executive officer, according to CEO Shyam Srinivasan, whose term ends on 22 September. “There is a bank board established search panel and they have a slew of candidates to choose from," said Srinivasan at a post-results press conference. "It could be internal or external.

02.05 / 12:57

markets Provident security Department recommendations prevention guidelines Hold a joint mutual fund account? Sebi makes the nomination process voluntary. Details here

Sebi), has announced to grant an exemption (not an extension!) from nominating a nominee to the jointly-held mutual fund folios. This means that investors who hold joint mutual fund accounts do not need to nominate a nominee to prevent their accounts from being frozen after June 30, 2024. The requirement of providing nomination is prescribed in the master circular released on May 19 last year, which states that investors should either nominate a nominee, or opt out of the nomination process.

02.05 / 12:33

Hack security Fraud Web3 Lost Over $53 Million to Hackers in April 2024, $401 Million YTD – Immunefi

In April 2024, Web3 saw a loss of over $53 million to hackers across 21 incidents, a 46% decrease when compared with the previous period, found the latest report by the crypto-focused bug bounty platform Immunefi.

02.05 / 12:33

Twitter CEO security Strategy reports Patricia Crypto Exchange Patricia’s CEO Denies Closure Rumors – Here’s The Latest

Patricia Exchange’s CEO Fejiro Hanu, has refuted rumors of the exchange’s closure, dismissing them as media sensationalism aimed at generating clicks. Patricia Exchange is the first platform to offer crypto exchange services in Nigeria. Hanu said,

02.05 / 10:47

Provident security country 2020 reports Investigations Mint Explainer: What reports about Indian espionage abroad mean for New Delhi

Mint takes a closer look at these revelations and their effect on India. Earlier this week the Washington Post published a report providing new details on the Pannun assassination attempt in 2023. Citing unnamed security officials, the report said Vikram Yadav, a RAW official, was responsible for handling the operation to assassinate the Sikh separatist leader on US soil.

02.05 / 10:47

markets UPS Manufacturing security exclusive Latin Injectables maker Maiva Pharma raises ₹1,000 crore to set up new manufacturing unit

BENGALURU : Maiva Pharma, a Bengaluru-based injectables manufacturer, has secured ₹1,000 crore in a mix of primary and secondary funding from a fund managed by Morgan Stanley Private Equity Asia and India Life Sciences Fund-IV, led by InvAscent, to set up a new manufacturing plant near Hosur, Tamil Nadu. The fund has acquired a controlling stake with the capital infusion, making it Maiva Pharma’s first private equity fundraise.

02.05 / 10:27

markets security Election wellness show performer reports Indian Oil Corp faces a slippery slope after weak Q4 results

₹2,390 crore/$2.2 per barrel in Q4, despite the sharp rise in end-of-period crude prices by $9.4 per barrel," said Hemang Khanna, analyst at Nomura Financial Advisory and Securities (India) in a report on 1 May. For perspective, the brokerage had factored crude inventory gains of ₹1,400 crore/$1.3 per barrel. Accordingly, IOC’s reported gross refining margin (GRM) in Q4 came in at $8.4 per barrel, missing analysts’ estimates.

02.05 / 09:53

markets COST Platform Racing security wellness trends The evolution of bond investment in India: Sachetization and its implications

Securities and Exchange Board of India (Sebi), recently said "We know the entire story about how the shampoo market in India exploded when it moved from bottles to sachets and people could afford to buy a ₹1 sachet or ₹2 sachet of shampoo, but could never have afforded to buy ₹100 bottle, the market just exploded". Its heartening to see what happened in consumer goods is now getting replicated in financial markets as well. The new entrant in this trend are—bonds.

frequently asked questions about security

What is security and why is it important?

Security is a high-demand area that is in the spotlight. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on security?

All recent news about security can be found in the highlighted block. We publish information as it becomes available.

How can I verify the accuracy of information on security?

We rely on trusted sources to ensure that the information about security is reliable and informative for our readers.