Security Financial News

European Union, both have the political will to conclude the Free Trade Agreement (FTA) and while no timeline can be put on the conclusion of the deal negotiations are progressing well, European External Action Service Secretary General Stefano Sannino told ET on Wednesday. “As we speak, the seventh round of negotiations is ongoing in New Delhi. It is an ambitious agreement and there are various elements to the FTA. While no timeline can be put as to when the FTA can be announced, I can say that there is a political will to conclude it,” Sannino said in an exclusive chat on the sidelines of the Raisina Dialogue – India’s premier foreign policy dialogue organised by the MEA and Observer Research Foundation (ORF). Along with FTA talks, India-EU will also discuss an investment protection agreement (IPA) and a pact on geographical indications (GIs).

mutual fund product that earns them more than bank deposits with high tax efficiency could consider the new fund offer of the Parag Parikh Dynamic Asset Allocation Fund. The scheme is structured to bet on a mix of stocks, bonds, and equity arbitrage opportunities. While most mutual fund schemes in the balanced advantage or dynamic asset allocation categories are equity-oriented, this scheme will maintain the equity allocation between 35% and 65% to make it eligible for the indexation benefits announced by the government in the Union budget for 2023-24. The portfolio will have a 10-20% allocation to equities, some in arbitrage (to reach between 35-65%), and the rest in fixed-income securities. This structure ensures indexation benefits for investors who hold on to the scheme for more than three years.

co-production and co-development of defence items and decided to firm up a mobility and migration pact in near future as Prime Minister Narendra Modi and his visiting Greek counterpart Kyriakos Mitsotakis held extensive talks to impart “new energy” to the bilateral ties. Talking to the press after the talks, Modi said the two sides have common concerns and priorities in the fight against terrorism and there was a discussion in detail on how to further strengthen cooperation in this area. He said the growing India-Greece cooperation in defence and security reflects the “deep mutual trust”.

RBI Floating Rate Savings Bonds are government-backed savings instruments tailored to offer Indian investors a secure investment with a competitive interest rate. Unlike fixed-rate bonds, the interest rate on RBI Floating Rate Savings Bonds is not fixed during its maturity tenure. The interest rate is linked to the prevailing interest rate of the National Saving Certificate (NSC) with a spread of 35 basis points (bps).

Rajya Sabha Elections 2024: As many as 41 of the total 56 leaders were elected unopposed to Rajya Sabha on Tuesday. The returning officers declared these 41 leaders winners on the last date of withdrawal of nominations as there were no other candidates in the fray on these 41 seats. Among these 41 leaders were former Congress chief Sonia Gandhi, Bharatiya Janata Party (BJP) chief JP Nadda, Ashok Chavan and Union ministers Ashwini Vaishnaw and L Murugan.

A protester has died as thousands of Indian farmers resume their march to the capital after talks with the government failed to end an impasse over their demands for guaranteed crop prices

Prosecutors say an executive at a medical device company has been convicted in Minnesota of insider trading for a scheme involving negotiations for the acquisition of the firm that was valued at $1.6 billion

President Joe Biden has signed an executive order and created a federal rule aimed at better securing the nation’s ports from potential cyberattacks

Stocks that traded heavily or had substantial price changes on Wednesday: Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise

Stocks ended mostly higher on Wall Street after a listless day of trading

Smartwatches and smart rings that claim to measure blood sugar levels without piercing the skin could be dangerous and should be avoided

Somalia has announced a defense deal with Turkey that includes support for the Horn of Africa nation’s sea assets and appears aimed at deterring Ethiopia’s efforts to secure access to the sea by way of the breakaway region of Somaliland

A government watchdog that wants everyone with a 401(k) plan to be able to see information on all their accounts in one place this week asked Congress to legislate a nationwide dashboard.

By David Shepardson

Hub is looking to extend its reach among American small business owners with the launch of a new retirement plan option. The Chicago-based insurance broker has unveiled the Hub Retirement Select PEP, a pooled employer plan geared toward independent businesses that employ fewer than 100 workers.

Nitrogen unveiled numerous upgrades to its fintech suite aimed at boosting the efficiency and growth of financial advisors and wealth firms.

Montenegro’s High Court just decided that the founder of the failed Terra crypto blockchain Do Kwon will be extradited to the US, where he is being prosecuted for crypto fraud, a local news outlet reported on Wednesday.

(Reuters) — A court in Montenegro on Wednesday ruled that crypto entrepreneur and Terraforms Labs co-founder Do Kwon should be extradited to the United States, rather than to his home country South Korea, to stand trial on fraud charges, the Wall Street Journal reported.

By Maiya Keidan

Investing.com – Federal Reserve policymakers signaled no urgency to pivot to rate cuts as further confidence was needed to ensure that inflation continues slowing toward target just as concerns of «upside risks» emerge, according to the minutes of the Federal Reserve’s Jan.30-31 meeting released Wednesday.           

₹6 trillion. Data from DSP Mutual Fund shows the six-month average volume of a large liquid stock like Reliance Industries Ltd (RIL) is ₹1,948 crore vs ₹78 crore volume of Nippon India ETF Nifty 50 BeEs, one of the most liquid equity ETFs in India (4% of RIL). The six-month average volume of Apple is nearly 26.15% of the SPDR S&P500 ETF. What are your suggestions to tackle the liquidity problem in ETFs? On the NYSE, 5 out of the top 10 traded securities are ETFs.