Security Financial News

$53 billion acquisition of Hess may be in jeopardy because it will require the approval of Exxon Mobil and a Chinese national oil company, which both hold rights to development of an oil field off the coast of the South American nation Guyana. The disclosure in a filing with the Securities and Exchange Commission raised investor qualms, depressing shares of both Chevron and Hess. Chevron's stock price fell 3% Tuesday morning before rebounding; Hess stock lost 4% of its value but bounced back slightly.

MUMBAI : Hostile investors in Think and Learn Pvt. Ltd, the parent company of Byju’s, are likely to skip participating in the edtech firm’s $200-million rights issue that will conclude on Wednesday at midnight, people familiar with the developments said. Prosus NV, Peak XV Partners, General Atlantic, and Sofina SA had collectively filed a petition with the National Company Law Tribunal last week against the rights issue, seeking reprieve citing oppression and mismanagement of the company.

₹825.97 crore from anchor investors ahead of its initial public offering that opens for subscription on Wednesday, February 28, 2024. The company informed the bourses that it allocated 8,25,97,350 shares at ₹100 per share to 37 anchor investors. Some of the institutions who participated in the anchor book were ICICI Prudential Mutual Fund, HDFC Mutual Fund, Kotak Mutual Fund, Quant Mutual Fund, HDFC Life Insurance, Nippon India Mutual Fund, Axis Mutual Fund, Aditya Birla Mutual Fund, UTI Mutual Fund, Max Life Insurance, Baroda BNP Mutual Fund, Reliance General Insurance and DSP Mutual Fund amongst others.

Follow Rajya Sabha Election Results 2024 LIVE Updates The BJP's victory in Himachal Pradesh makes it apparent that there was cross-voting in the Rajya Sabha elections for this seat. The Congress candidate, Abhishek Manu Singhvi, secured 34 votes even as the party had support of 43 MLAs — 40 Congress and three Independent MLAs — in the 68-member state assembly. Had all the 43 MLAs votes in favour of Congress, Singhvi had won the polls.

 India's market regulator has asked the country's asset managers to give investors more information about the risks associated with their small and mid-cap funds, according to a fund manager and two people with knowledge of the matter.

₹2,500 crores from the upcoming IPO, which will close on March 1. Bharat Highways InvIT is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India, and to carry on the activities of an infrastructure investment trust as permitted under the SEBI InvIT Regulations. Also read: Bharat Highways Invit IPO: Check date, size and key other details The InvIT’s initial portfolio consists of seven road assets, all operating on a HAM basis, in the states of Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh, consisting of approximately 497.292 km of constructed and operational roads, as per the company's RHP report.

Amit Shah said anyone threatening the nation's security will face ruthless measures. Jamaat-e-Islami J-K found continuing its activities against the nation's security, integrity, and sovereignty, he added.

Brian Kahn, whose role in the collapse of a US hedge fund has drawn scrutiny from prosecutors and battered shares of B. Riley Financial Inc., has been accused of defaulting on parts of a settlement meant to help repay investors who lost hundreds of millions of dollars. 

₹300 crore, from ₹100 crore at present. The regulator offered a glidepath to reach ₹300 crore by 31 March 2026, with the target for March 2024 being set at ₹200 crore. Industry executives and external experts said this could prove detrimental for smaller ARCs that lack the ability to meet the NOF norms.

BERLIN—Russian expansionism and fears about American disengagement from Europe are causing such alarm here that Germany is beginning to ponder a question once considered unthinkable: Does it need to have its own nuclear weapons? In recent weeks, German officials have called on France and the U.K.—Europe’s two nuclear powers—to work with Berlin to develop a fallback plan for nuclear deterrence for the North Atlantic Treaty Organization, should the U.S. no longer be willing to fulfill that role.

Reserve Bank of India (RBI) on Tuesday issued Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions – 2024 to bring clarity, brevity and harmonization to the instructions issued to various supervised entities for submission of returns. The move aims to reduce the burden of compliance on the regulated entities based on the recommendations of the Regulations Review Authority and an Internal Working Group of the apex bank.

best gold loan options, make sure to consult a financial advisor. Gold loans typically boast lower interest rates than unsecured personal loans due to the secured nature of the loan. This translates to potentially significant savings on interest payments over the loan term.

NEW DELHI : India will not grant permission to domestic rice exporters to participate in United Nations World Food Program (WFP) tenders, a senior official told Mint, a move that risks stoking global food security concerns. This is the first time New Delhi has taken such a measure, which is yet to be announced publicly.

Vodafone Idea announced a massive refinancing plan of up to Rs 45,000 crore, which will be raised through a combination of equity and debt including promoter financing. The company’s board on Tuesday approved the equity fund raise of up to Rs 20,000 crore by way of equity-linked instruments which could be convertible debentures, warrants, or other securities convertible into Equity Shares, Global Depository Receipts, American Depository Receipts or Foreign Currency Convertible Bonds.

security and risk management (SRM) in India is estimated to be $2.9 billion in 2024, up 12.4% from 2023, showed the latest forecast from Gartner. The expected increase comes at a time when organisations are ramping up security spending due to legacy IT modernisation using cloud technology, demand for digital platforms, updated regulatory environment and continuing remote/hybrid work. “In 2024, chief information and security officers (CISOs) in India will prioritise their spending on SRM to improve organisational resilience and compliance,” said Shailendra Upadhyay, senior principal, Gartner. “With the introduction of stringent government measures mandating security breach reporting and digital data protection, CISOs are facing heightened responsibility in safeguarding critical assets against evolving cyber threats.”

Fresh smelling shoes will make your feet feel nicer and that is a great way to treat your feet. Dive into this article to learn about the best shoe rack in India which are readily available on Amazon. All of these shoe racks are rated heartily on Amazon by its user. Go through all the options, find the best option and place your order using the buying links given below.

ETC Group, a prominent provider of digital asset-backed securities, has expanded its cryptocurrency product range by introducing an  Ethereum (ETH)  staking exchange-traded product (ETP). 

BlackRock Inc., the world’s biggest asset manager, and Amundi Asset Management, Europe’s largest money manager, both see Japan going from strength to strength. 

Ottawa’s policy of preventing Chinese companies from investing in Canadian-listed firms may be put to the test after Vancouver-based Osino Resources Corp. agreed to be bought by Yintai Gold Co. Ltd. for $368 million.

Muted revenue growth in the December quarter (Q4CY23) has prompted large US banks to slow down their IT-related expenditure. Data compiled by Antique Stock Broking shows that six large US banks' average technology spending growth softened to 5.7% in Q4CY23 from 6.4% in Q3CY23. On an aggregate basis, these banks reported low single-digit revenue growth of 1.8% year-on-year in the quarter, a sharp deceleration from 9% in the previous quarter.

IG Drones, India’s leading drone tech company has announced that it has bagged a procurement order from the Defence Ministry to supply drones, for surveillance purposes. This is a landmark deal the drone manufacturer has secured, to assist the defence ministry in its operations. The order entails supplying drones and essential accessories to the Ministry of Defence. The selected drones have industry-first features and are enabled with 5G capability and have advanced features and exceptional performance, functioning effectively in extreme temperatures and high altitudes. The drone is capable of vertical take-off and landing and can be effectively used in defence and medical applications. By providing enhanced surveillance capabilities, these drones act as a crucial asset for defence forces, strengthening operational efficiency at the borders. With the advent of 5G services from Telecom Service Providers (TSPs), these drones now boast enhanced precision control capabilities, allowing them to be remotely operated from a command centre, eliminating the need for on-site presence.