Security Financial News

Fractional ownership platforms have started the process of registering under SM REIT regulations, a month after Securities and Exchange Board of India (SEBI) notified these rules to govern small and medium real estate investment trusts (SM REITs) of income-generating and completed properties including commercial assets, rental housing, warehousing, and hotels. Integrated co-working firm EFC (I) Ltd plans to form an investment manager entity to manage assets and investments of SM REIT through a wholly owned subsidiary EFC Ltd. Others like Strata and WiseX are also taking similar steps. “With Sebi notifying amended regulations for SM REITs, investors can now have ownership of rent-yielding real estate assets by making a minimum investment of Rs 10 lakh. The move will help enhance transparency and boost participation of both domestic and foreign retail investors thereby leading to better liquidity in the market,” said Umesh Sahay, founder & CEO, EFC (I) Ltd.

Cryptocurrency trading firm FalconX has unveiled a new prime brokerage service designed to facilitate institutional investors’ trading activities on exchanges while their funds remain securely held in regulated, bankruptcy-remote custody. 

technology companies that do not co-operate with laws allowing security agencies to access encrypted communication. In a speech to be delivered in Canberra on Wednesday, agency chief Mike Burgess will outline how «offshore extremists» are asking a commercially available artificial intelligence program for advice on building weapons.

Nifty on Tuesday ended 32 points higher to reclaim its level above 20-DEMA placed at 22,309 and form a small negative candle, which is indicating ongoing range bound movement in the market. The near-term uptrend status of Nifty remains intact and the short-term trend is choppy. Further consolidation or minor dip could be a buying opportunity. A sustainable move above 22,500 could open next upside towards 22,800 levels. Immediate support is at 22,200 levels, said Nagaraj Shetti of HDFC Securities.

demat accounts, which aid in seamless transaction facilitation and efficient storage of financial securities. However, investors must be aware of specific demat account charges associated with various brokerage services. Understanding and monitoring these expenses is paramount.

HDFC Asset Management Co Ltd, the investment manager to HDFC Mutual Fund (HDFC MF), has announced the launch of HDFC Manufacturing Fund. This open-ended equity scheme aims to unlock the potential of India’s manufacturing sector by investing predominantly in equity and equity-related securities of companies engaged in manufacturing activities.

Indian households often hold gold as an asset class, passing it down from one generation to another as a symbol of wealth and heritage in India. There are many stories relating to gold and people love this metal as a jewellery more than just an asset.

In a positive sign for the country’s formal jobs market, EPFO’s provisional payroll data for February 2024 showed that over 56% of the overall new members enrolled were first-time job seekers in the age group of 18-25, official data released on Saturday showed.

Setting financial goals – from short to long-term goals — is an important step towards becoming financially secure. However, while long-term goals give you some flexibility to change your strategies a bit, it’s crucial to define your objectives clearly when planning for short-to-medium-term goals, like 5-year financial goals.

Also Read: Demat Account: How to create long-term wealth? Follow these 6 key steps Submit a duly signed Rematerialisation Request Form (RRF) to your Depository Participant (DP) if you wish to convert your dematerialised holdings of securities into physical certificates. If you have appointed a Power of Attorney (POA) holder, they can also sign the RRF, provided the POA is registered with the Issuer/Registrar and Transfer Agent (RTA). Also Read: Demat Account: What is Basic Services Demat Account and what are its features? Upon receiving the RRF, your DP will verify the form and generate the rematerialisation request in the system.

The Reserve Bank of India (RBI) has declared the early redemption price for Sovereign Gold Bonds (SGBs) from the 2017-18 Series IV and 2018-19 Series II tranches, due on April 23. The announcement aligns with the terms stated in the Government of India notifications on October 6, 2017, and October 8, 2018. These terms allow holders the option for early redemption after five years from the issue date, coinciding with the interest payment dates on these bonds.

The social media company founded by former President Donald Trump applied for a business visa program that he sought to restrict

Kathryn Haun, a former Assistant U.S. Attorney and partner at Andreesen-Horowitz, has announced plans to step down from Coinbase’s board.

Dubai, UAE, April, 2024 – As frontrunners in the Mining Pool and Crypto Exchange industries, ViaBTC and CoinEx are honored to announce its sponsorship as a Gold Partner of Token 2049 Dubai on April 18-19, 2024.

Holding companies have consistently outperformed broader market indices as the returns across different investment periods have consistently surpassed those of benchmark indices, presenting better risk-reward prospects for passive investors over longer time frames, says a study by Ways2Wealth.

Amid a vibrant market rally, the cryptocurrency Bonk price (BONK/USD) stands out, currently trading at $0.000021 with a remarkable 24-hour trading volume of $434.6 million.

Two lawyers from the Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, resigned on April 22 following a federal judge’s sanction and severe criticism of the regulatory agency’s handling of a crypto-related case.

ACC Ltd. traded 1.9 per cent up at Rs 2449.05 at around 12:17PM (IST) on Tuesday. The stock had closed at Rs 2403.25 in the previous session. Equity benchmark Sensex traded 265.83 points higher at 73914.45 around the same time.

Demat accounts serve as a crucial gateway to stock investing, enabling individuals to access various financial instruments and trade to capitalise on market movements. Similar to a bank account, a demat account securely holds your securities in electronic form, offering convenience and protection by eliminating the need for physical share certificates.

Nifty option traders were left scratching their heads today after India VIX, Dalal Street's indicator of volatility in the near term, crashed as much as 22% in one of its worst single-day falls in stock market's history. India VIX, calculated using the best bid and ask quotes of out-of-the-money near and mid-month Nifty option contracts, fell below the 10-mark. During the day, Nifty rose up to 0.5% higher to the day's high of 22,447.

IPO) of JNK India will open for subscription today and will close on April 25. The company plans to raise around Rs 650 crore through the issue. The IPO comprises fresh equity of up to Rs 300 crore and an offer for sale (OFS) of up to Rs 84.2 lakh worth shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal, JNK Heaters, Mascot Capital and Marketing, and Milind Doshi will offload shares.