Security Financial News

Investing.com-- Advanced Micro Devices Inc's (NASDAQ:AMD) attempt to greenlight an artificial intelligence chip geared specifically towards Chinese markets was rejected by U.S. officials, Bloomberg reported on Tuesday.

«The broader market could remain under pressure given the profit booking and adverse advance-decline ratio. Hence we suggest traders be very selective in mid/small caps,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

HDFC Bank bracing for lower loan growth? Brokerage Bernstein said investors are asking this question, extrapolating the bank's management's comments about prioritising profitability over growth and also the continued weak deposit growth. «While the weaker deposit growth has led to more moderate credit growth expectations across the sector, for HDFCB in particular, the extrapolation of management's comments on the usage of incremental deposits (reserve maintenance, HDFC Ltd liability replacement and growth — in that order) has raised questions on whether a loan growth of ~10% would become a harsh reality for HDFC, during the transition phase,» said the firm's analysts Pranav Gundlapalle, Ishan Mittal and Dhruv Luthra in a note to clients, while maintaining an outperform rating with a price target of ₹2,100.

By Yuka Obayashi and Ritsuko Shimizu

NARCL) has offered lenders base bids for the bad loan accounts of Hitodi Infra, Sion Panvel Tollways and Morarjee Textile with total consolidated debt of more than ₹4,000 crore. Based on binding bids from the government-backed bad bank, lenders have initiated a Swiss challenge auction for Hitodi Infra. The lenders, including Bank of Baroda, ICICI Bank, Axis Bank, Bank of India, IDBI Bank and State Bank of India, have appointed BoB Capital as the process advisor. NARCL has offered ₹465 crore for the outstanding loans of ₹2,101 crore. The lenders have asked bidders to either bid in all cash or on a cash-and-security receipt basis. NARCL buys debt under a 15:85 structure where 15% is paid in cash and 85% in security receipts. The minimum markup will be 5% of the anchor bid. The Swiss auction will be held on March 26.

A handful of senior executives from across the Ontario Securities Commission have left or are on their way out on the heels of a five-year extension of the term of chief executive Grant Vingoe.

Mining giant Rio Tinto Ltd. “would love” to produce lithium in Canada, given the right project, says chief executive Jakob Stausholm.

Asset Reconstruction Company (NARCL) has emerged as the most active player in the market for bad loans last two months following a change in leadership, said people from the banking industry. In four months, the ARC has given binding offers for eleven companies to acquire over Rs 30,000 crore of stressed loans from commercial banks, more than double the amount it acquired since it started operations two years ago. NARCL has been playing an active role after former State Bank of India managing director Diwakar Gupta took charge as its chairman in the first week of December 2023, replacing Karnam Sekar, banking industry officials said. Before this, Gupta was chairman of India Debt Resolution Company (IDRCL) — an agent for NARCL. Sekar resigned last August as chairman soon after IDRCL proposed to the finance ministry to merge NARCL with IDRCL, which did not materialise.

Kolkata: Major fissures have developed in the Trinamool Congress ahead of the Lok Sabha polls, with Baranagar MLA Tapas Roy resigning from all the government posts he held as MLA and giving up his security on Monday. He came down heavily on the Trinamool over corruption and the Sandeshkhali issue.

The crypto market capitalization is up 4% over the past 24 hours. At the time of writing, it stands at $2.544 trillion, according to CoinGecko. Most of the top 100 coins by market capitalization have appreciated in the past day.

SpiceJet on Monday said Abu Dhabi's sovereign wealth fund ADIA has acquired shares of the airline from the open market. However, the carrier did not disclose specific details. A source close to the airline said Abu Dhabi Investment Authority (ADIA) started buying shares in late February.

Sanchar Saathi portal, which was unveiled in May last year. While launching the platform, Union Minister for Communications Ashwini Vaishnaw said, the government has been persistently making efforts to check cyber-frauds under the Secure India project.

₹5 and consists of a fresh issue of ₹617.69 crore and an offer for sale of up to 14.28 million equity shares by the promoter and promoter group selling shareholders and individual selling shareholder. The offer for sale consists of the sale of equity shares of up to 4.28 million by Ramneek Sehgal, up to 7.59 million equity shares by Ramneek Sehgal and Sons HUF, up to 5,030 equity shares by Avneet Luthra, up to 9.27 lakh equity shares by Mohinder Pal Singh Sehgal, up to 5.53 lakh equity shares by Parmjit Sehgal, up to 9.22 lakh equity shares by Simran Sehgal and up to 1,677 equity shares by Kanwaldeep Singh Luthra.

The blue-chip NSE Nifty50 index added as much as 0.28% to a new record high of 22,441, before settling 0.12% higher at 22,405.60. The BSE Sensex rose 0.09% to 73,872.

money laundering case, the Enforcement Directorate (ED) has frozen various security holdings valued at over Rs 580 crore belonging to a Dubai-based «hawala operator.» The ED conducted fresh raids on February 28 at multiple locations across Kolkata, Gurugram, Delhi, Indore, Mumbai, Bhopal, and Raipur, resulting in the seizure of cash and valuables worth Rs 3.64 crore. As per reports, the ED's investigation into the Mahadev online book gaming and betting app has revealed the involvement of high-ranking politicians and bureaucrats from Chhattisgarh, the home state of the app's main promoters. The agency identified Hari Shankar Tibrewal, a Kolkata native currently residing in Dubai, as a «hawala operator and major player» in the case. Tibrewal allegedly partnered with the Mahadev app promoters and operated an illegal betting app called «skyexchange.»

Manipur witnessing several months long ethnic strife, the Union Home Ministry is giving ten mine protected Quick Reaction Fighting (QRF) vehicles to the state. An official said that of the ten QRF vehicles, seven have already arrived in the state and three more are on the way. The Ministry of Home Affairs provided the QRF vehicles to equip the security forces in enforcing law and order in a very effective manner in the state. These mine protected QRF vehicles would greatly help in protecting the security forces while performing their duties at vulnerable spots, the official said, adding that the state government continues to take up initiatives for strengthening security measures and the protection of lives and properties.

Defence Minister Rajnath Singh is set to inaugurate several infrastructure projects at the Indian Navy's strategically located base in Karnataka's Karwar on Tuesday. These projects, developed under Project 'Seabird,' aim to enhance India's long-term security interests in the Indian Ocean region. Expansion of Naval Base The infrastructure projects to be inaugurated by Singh include two major piers and seven residential towers comprising 320 houses for naval officers and defence civilian personnel. The expansion of the naval base is crucial for accommodating a growing fleet and enhancing operational capabilities.

Sebi has approved IPOs of three companies including that of new age insurance company Go Digit, which is backed by star cricketer Virat Kohli. Digit's IPO has hit multiple hurdles over compliance issues, which delayed approval for the public offer. Sebi had returned the draft offer document twice as the regulator raised concerns over share issuance.

₹500 to a maximum of ₹40 lakh, the actual qualifying amount is likely to be considerably lower. It’s essential to bear in mind that exceeding a manageable repayment capacity can result in financial challenges. Before determining the personal loan amount, utilise online personal loan eligibility calculators provided by numerous lenders to obtain a preliminary estimate of the potential loan amount you could qualify for.

The family of an 80-year-old Canadian woman with Alzheimer’s disease is speaking out after their vacation in the Bahamas took a horrific turn.They allege she was sexually assaulted at the resort they were staying at by a guest they say is from Nova Scotia.The woman’s son, David Ahrens, says the family is shocked by everything that’s happened.“No one has the right to inflict this much pain and trauma on an 80-year-old great-grandmother who has Alzheimer’s disease,” he told Global News.Ahrens says he’s speaking out to warn others about the potential dangers when travelling with vulnerable loved ones.He says his mother, who he is not naming to protect her privacy, was on holiday with other family members at the Warwick Hotel and Resort on Paradise Island, Nassau last month.According to Ahrens, a Canadian man the group didn’t know introduced himself to the group on Jan. 28, and joined them for dinner.

Mint. “Not only are we a major supplier of critical minerals, we're also home to a buzzing ecosystem that is developing lithium and is looking at the future of lithium-ion technology for batteries and vanadium redox flow batteries, which will be a very key opportunity to grow and address the demands—be it for vehicles or for storage," she added. While Japan, Korea and European nations have been Australia’s traditional partners, Choudhury sees an increasing opportunity for Indian firms.