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DUBAI, UAE,– Penguiana, a new meme project on the Solana blockchain, today announced it has secured $200,000 in a seed funding from strategic partners. The investment was led by Nanosprout Ventures and saw the participation of over ten angel investors from the web3 space. This group of investors has contributed to Penguiana through a Simple Agreement for Future Tokens (SAFT) involving the sale of $PENGU tokens, the utility token pivotal to the forthcoming Penguiana P2E game.

mutual fund norms after paying Rs 1.02 crore collectively towards settlement charges. The four individuals who settled the case are — Emandi Sankara Rao, Prasanna Prakash Panda, Anil Kumar Taneja and Sumiran Bansal. The entities allegedly violated mutual funds norms with respect to investment made by IIFCL AMC in several firms such as GVR Infra Pvt Ltd, DP Jain & Co Infrastructure, DPJ-DRA Tollways, Feedback Energy Distribution Company Ltd and Feedback Infra Pvt Ltd, according to a settlement order passed by Sebi on April 30. Pending adjudication proceedings, the entities filed settlement applications with Sebi proposing to settle the alleged regulatory violations case against them,«without admitting or denying the findings of facts and conclusions of law, through a settlement order».

Under the OFS, Rajendra Kumar Setia, Rajendra Kumar Setia HUF, Evolvence Coinvest I, Evolvence India Fund III Ltd, Norwest Venture Partners X – Mauritius, TPG Growth IV SF among others will offload shares.

Indus Towers collected an extra Rs 360 crore from Vodafone Idea (Vi) towards old dues including interest, but its trade receivables increased by Rs 430 crore sequentially in the FY24 March quarter, indicating a Rs 60 crore shortfall in collections from its key client, analysts said. They added that despite part-clearance of old dues, Indus’ trade receivables have risen sequentially to Rs 6,450 crore in Q4FY24 as the actual collection of Vi’s past outstandings happened in April 2024. “The Rs 430 crore increase in Indus’ trade receivables is due to a timing difference and the amount was subsequently collected in April,” Kotak Institutional Equities said in a research note.

Saran Lok Sabha seat, once held by her father, Rohini Acharya, daughter of RJD supremo Lalu Prasad Yadav, faces competition from a namesake of her father. Laloo Prasad Yadav, a local farmer from Bihar's Saran district, known for his penchant for contesting elections, has thrown his hat into the ring as a candidate of the Rashtriya Jansambhavna Party (RJP) for the Saran Lok Sabha seat. He submitted his nomination papers on April 26. Laloo Prasad Yadav's history includes previous bids for higher office, such as filing nominations for the 2022 Presidential polls and the 2017 Presidential polls, where his papers were rejected due to insufficient endorsement. Speaking to PTI over the phone, Laloo Prasad Yadav expressed confidence in his electoral prospects, citing his longstanding engagement in agriculture, social work, and his recurrent participation in electoral contests. «I have been contesting Lok Sabha polls from Saran constituency for the last several terms. I had contested against former Bihar chief minister Rabri Devi as well. This time, I am contesting against her daughter Rohini Acharya,» Yadav told PTI, further expressing optimism about securing victory.

Congress leader Shashi Tharoor has criticized the BJP's '400 paar' claim for the Lok Sabha polls, calling it a joke and suggesting that even '200 paar' may be a challenge for the ruling party. Tharoor, who was in a three-way contest in Thiruvananthapuram, expressed confidence in a «very comfortable win» and predicted that the BJP would draw a blank in Kerala, Tamil Nadu, and Andhra Pradesh. He also stated that the BJP would perform worse than its 2019 performance in the South. Tharoor, a Congress Working Committee member and former Union minister, highlighted the current sentiment among BJP voters as one of indifference and lack of enthusiasm. He noted that while there is no overwhelming wave in favor of the Congress and the INDIA bloc, the difference between this election and previous ones is that the BJP appears to be losing its majority, which he considers a foregone conclusion. Asked how it was looking for the Congress and the INDIA bloc after two phases of the polls, the former Union minister said, «190 seats have voted so far and what I am picking up from my sources, it is tremendously positive for our side. We are not suggesting that there is an overwhelming wave but there certainly isn't one for the government.»

Hong Kong’s ZA Bank, a unit of China’s ZhongAn Online P&C Insurance, is reportedly exploring ways to offer virtual asset-related services after new regulations for digital assets launch in June.

Insider trading, the act of trading securities based on non-public information, has been a major concern for regulators around the world. It not only undermines market integrity but also raises questions about fairness and equality in the marketplace. To address this issue, various measures have been taken by regulators, including the introduction of the dematerialized (Demat) account system.

Assess your financial condition: The initial and pivotal step towards attaining financial freedom is analysing your financial status. Begin by monitoring your income sources, such as your salary, any additional earnings from side jobs, or passive income. Next, categorise your expenses by listing both fixed and variable ones, such as rent, utilities, groceries, and entertainment costs.

PayNearby, India’s leading branchless banking and digital network, has announced a strategic partnership with MyShubhLife, an embedded credit platform. This collaboration aims to provide distributors with easy access to revolving credit lines, enhancing financial agility in the MSME sector.

Vedanta Ltd has decided to endorse the demerger of the group’s flagship, ending a nearly seven-month deadlock, confirmed two persons directly aware of the development. The delay had been over the proposed allocation of $7 billion worth of debt owed to Vedanta's creditors in India, including State Bank of India and Bank of Baroda.

In one of the biggest reforms for the bonds market in India, capital market regulator SEBI has given its go-ahead to a proposal to cut the minimum ticket size of bond investments to Rs 10,000 from Rs 1 lakh.

₹30,000 price segment in India with the launch of the Vivo V30e smartphone. The camera-focused smartphone starts at a price of ₹27,999 in India, giving tough competition to the likes of Realme 12 Pro, Nothing Phone 2a and OnePlus Nord CE 4. Vivo V30e starts at ₹27,999 for the 8GB RAM/128GB storage variant and ₹29,999 for the 8GB RAM/256GB storage variant.

Having a resilient investment portfolio tailor-made to each life stage is essential for financial security and success. During early adulthood, the goal is to invest for financial growth, considering that income is low relative to their future. Investments are risky, but yield the financial benefits needed. Mid-life calls for a balance of stability and growth, with investments primarily going into real estate, bonds and other stable growing investments.

Credit cards have become part and parcel of our daily financial habits. We use credit cards every day for making transactions as it is not only easy but convenient to track our expenses. However, it becomes important for us to opt for cards that are valuable for us and more importantly those which are helping us save money.

Sanjiv Bhasin, Director, IIFL Securities, says “among power stocks,, RattanIndia is my top pick of the year. DCB Bank and Dhanlaxmi Bank, are my two favourites and are in our portfolio. Along with that, Bank of Baroda, Can Bank, PNB are also looking very, very strong and if the Bank Nifty has got to lead, then those will participate. Further, I still think UltraTech, Ambuja are two stocks which should be in your portfolio while Concor is an undiscovered dark horse.” How have you looked at the overall auto space? Sanjiv Bhasin: So, before I get that, you have not seen REC, PFC. They have been four baggers from where we have been saying and still the numbers are the best. Power is like you have never seen it, in my 35 years I have never seen the type of return. Before I can go on the autos can I give you one power pick which I think should be the year's pick and for everyone who is in.

Indian Premier League (IPL) this year is truly living up to its reputation for excitement. From nail-biting matches to surprising upsets and the emergence of young talent, it's no surprise that cricket enthusiasts are abuzz with excitement. The IPL can provide valuable insights for investors in the stock market.

Atul Auto, a prominent player in the Indian three-wheeler market, surged by 10% to reach ₹581.90 apiece in today's early trade following the company's strong sales performance in April. In an exchange filing on Wednesday, the company said that it had sold 1692 vehicles during the month, marking a remarkable 136.64% increase compared to the 715 units sold in the same period last year. In FY24, the company witnessed a 1.92% increase in vehicle sales, with 26,039 vehicles sold compared to 25,549 in FY23.

Lok Sabha elections 2024 on May 7. The states in fray are — Goa, Gujarat, Assam, Bihar, Madhya Pradesh, Karnataka, Chhattisgarh, Maharashtra, and Uttar Pradesh. Of these, Gujarat and Goa will be under spotlight as all Lok Sabha seats will go to polling on May 7 in these two states.

The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its two per cent target.

balance sheet drawdown, after having spent much of the earlier part of the year warning of this shift. The Fed said that starting on June 1 it was reducing the cap on Treasury securities it allows to mature and not be replaced to $25 billion from its current cap of up to $60 billion per month. The Fed left the cap on how many mortgage-backed securities it will allow to roll off its books at $35 billion per month, and it will reinvest any excess MBS principal payments into Treasuries.