Security Financial News

Procurement of services through government buying portal GeM touched Rs 1.82 lakh crore as of February 22, an official statement said on Friday. It was Rs 8,500 crore in 2020-21, the commerce ministry said. It added that two bids placed by South Eastern Coalfield Limited, a subsidiary of Coal India Limited, worth nearly Rs 40,000 crore, have catapulted the share of service procurement this month. GeM CEO P K Singh said that the GeM has harnessed digital capabilities and has emerged as a one-stop-shop for procurement of all possible services that may be required by Government buyers at various levels of administration.

Asset Reconstruction Companies (ARCs) sector is expecting to notch up reasonable growth in Assets Under Management (AUM) and may cross the Rs 10 lakh-crore-mark this fiscal, up from Rs 8.48 lakh crore a year ago, according to a report. According to the report by Crisil Ratings, which was released at an Assocham seminar on ARCs/stressed assets here on Friday, the sector must now look to consolidate as the Non-Performing Assets (NPA) problem has been «well contained». The book value of bad loan sales to ARCs is likely to cross the Rs 10 lakh crore-mark by next month from Rs 8.48 lakh crore in March 2023, the report said.

Reuters, Israel aims to maintain security control over all land west of Jordan. This includes the occupied West Bank and Gaza - the territories where the Palestinians hope to establish an independent state. Besides, Netanyahu's plan also suggested way to replace Hamas rule in Gaza while maintaining public order.

By Nivedita Balu and Arasu Kannagi Basil

SJVN on Friday began commercial supply of electricity from its 50 MW Gujrai solar power station in Kanpur Dehat, Uttar Pradesh. With this, the total installed power capacity of SJVN stands at 2,277 MW, with 10 power stations currently operational, a power ministry statement said. According to the statement, SJVN, under the administrative control of the Ministry of Power, has begun the successful commercial operation of its 50 MW Gujrai solar power station in Kanpur Dehat, Uttar Pradesh on Friday. The 50 MW Gujrai solar power station has been executed by SJVN through its renewable arm, SJVN Green Energy Ltd (SGEL) at a cost of Rs 281 crore.

Losses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates, requiring it to draw on the entirety of its provisions to break even.

bade bade deshon mein aisi choti choti baatein hoti rehti hain". The King of Bollywood also ensured that he met every single player, greeted them and struck a chord, leaving the likes of Jemimah Rodrigues, Taniya Bhatia, Shafali Varma and Pooja Vastrakar starstruck. Shah Rukh even met his old friend Sourav Ganguly as a heartwarming video of the two hugging each other was throwback to the old days.

₹177-186, according to the data available on the stock exchanges. Overall, the issue was subscribed 0. 85 times at the end of the second day for subscription.

Begum lost a challenge at the Special Immigration Appeals Commission (SIAC) in February last year and then took her case to the Court of Appeal. However, the appeal judges unanimously agreed with the special tribunal’s decision and turned down the appeal.

Israel-Hamas conflict could attack crowds at events in Canada.In a series of strategic intelligence briefs issued in the wake of the Oct. 7 Hamas attack on Israel, the analysts cautioned about mass violence spilling into this country.The Integrated Terrorist Assessment Centre (ITAC) predicted attacks could target protests, cultural centres, diplomatic posts “or other symbols of Israeli or Palestinian interests in Canada.”Such an attack would likely be carried out by a “radicalized lone actor” using readily available weapons, ITAC wrote in the briefs circulated last October and released to Global News.“It is possible that ideologically and religiously motivated violent extremists and lone actors may be triggered by events and mobilize to violence and conduct a mass casualty attack at large gatherings,” ITAC wrote in a brief on the Canadian implications of the conflict.ITAC is a federal government team, composed of members of the security and intelligence community, that assesses threats to Canada.In December 2023, police in Ottawa arrested a youth who has been charged with plotting a terrorist attack against the Jewish community.Additional charges filed on Feb.

At the height of Venezuela’s oil go-go days, tankers fanned out across the Caribbean, handing out 200,000 barrels a day to a constellation of small, mostly poor, islands. The fact that those countries racked up huge debts and paid part of the bill with things like black beans and peanuts mattered little to Hugo Chavez as he parlayed the bonanza into global fame as the leader of what he called 21st century socialism.

Google Chrome, which could be manipulated by remote attackers to carry out arbitrary code execution on specific systems. As per CERT-In's assessment, these vulnerabilities impact Google Chrome versions prior to v122.0.6261.57 across Windows, Mac, and Linux platforms.

Nvidia’s $277 billion market cap addition dwarfs Indian IT sector, RIL and much more Global investors are seeing Nvidia as an appealing chance to diversify and strengthen their investment portfolios. Although Nvidia is listed in the United States, investors in India can also purchase its shares and earn profits. For individuals keen on investing in Nvidia stock from India, the company is enlisted on the NASDAQ index under the ticker symbol NVDA.

Hedge-fund titans Steve Cohen, Izzy Englander and Ken Griffin are killing it. Their imitators are having trouble keeping up. The big three’s advantage comes from having pioneered what has become the hedge-fund industry’s hottest strategy over the past few years: Known as multimanager firms, they divvy up money across as many as hundreds of specialized investment teams with the aim of producing steadier returns that are uncorrelated to broader markets.

By Andrea Shalal

IPO of Sadhav Shipping opened for subscription earlier on Friday and will close on February 27. The issue was subscribed 59% so far on the first day of the bidding. Here are 10 key things investors need to know about the public offer before applying.

PlutoSwap (PLUTO) is making waves in the DeFi space with its launch of its AI-Powered DEX aggregator attracting significant attention from investors.

Ambuja Cements Ltd. gained 2.16 per cent to Rs 605.3 in Friday's trade. It hit a high of Rs 608.5 and low of Rs 587.9 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 464.32, while the 50-DMA was at Rs 545.22. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

₹10,000 crore. The company has an ambitious goal of becoming the number two player with a double digit market share in decorative paints in the medium term. The company is targeting ₹10,000 crore revenue from the paints business and expects it to turn net profit positive in FY28.

The Reserve Bank of India (RBI) gives the highest importance to the security controls around the digital payment systems in India. There is a lot of emphasis on the safety and security of digital transactions for their users. “In an era of digital transformation, RBI has taken significant strides to ensure the sanctity and safety of digital payments. By implementing specific OTPs for new payees, individual OTPs for high-value transactions, and limited OTP time windows, their measures, including the use of advanced encryption and authentication technologies, second channel notifications, and risk-based transaction monitoring, underscore a commitment to fostering a secure, reliable, and resilient digital payments ecosystem," said Kunal Varma, CEO and Co-Founder, Freo.

Lynx Air says its final flights will take place on Sunday as the company files for creditor protection, less than two years after the low-cost airline took to the skies.