Security Financial News

Indian Navy’s largest-ever multilateral naval exercise, Milan 2024, has commenced in Vizag with an impressive lineup of warships from Indian and foreign navies participating in the Harbour Phase. Harbour Phase Highlights From February 19 to 23, the Harbour Phase includes an international city parade on RK Beach, a maritime seminar, a tech expo, Milan village, subject matter expert exchange, Milan of young officers, and various sporting events.

By David Shepardson

Parag Parikh Dynamic Asset Allocation Fund, an open-ended dynamic asset allocation fund. The new fund offer or NFO of the scheme is open for subscription and it will close on February 22. The scheme will re-open for continuous sale and repurchase on February 28. The investment objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, and fixed-income instruments. The allocation between equity instruments and fixed income will be managed dynamically to provide investors with long-term capital appreciation while managing downside risk.

Kaspersky on Tuesday said 34 per cent of users in India were targeted by local threats in 2023, and that its products detected and blocked 74.3 million local incidents. These statistics represent the malicious programmes found directly on users' computers or removable media connected to them (flash drives, camera memory cards, phones, external hard drives) or that initially made their way onto the computer in non-open form (that is, programmes in complex installers or encrypted files). According to the latest report of Kaspersky, 34 per cent of users in India were targeted by local threats in the year 2023.

Also Read: Bank stocks to consolidate till margins start improving, says InCred Equities; recommends HDFC, ICICI Bank, SBI While, on the downside, the 20-day EMA (Exponential Moving Average) is likely to provide cushion in case of any immediate decline, which is currently placed at 21,784 level. The brokerage advises to look for stock-specific opportunities in Auto, Pharma, Banking, IT, and Oil & Gas space. Meanwhile, the Bank Nifty seems to have found stability around the 200-day EMA level after underperforming the frontline indices in recent months.

Waaree Renewable Technologies, the solar EPC arm of Waaree Group, saw its shares surge by 5% to ₹4,650 each in today's intraday trading. This increase followed the company securing a significant Letter of Award (LOA) for executing engineering, procurement, and construction (EPC) duties for a solar power plant of 980 MWp. The contract, valued at ₹990.60 crore, was granted by one of India’s leading renewable energy firms.

In a stock exchange notice today (20 February), the board said the facility has been agreed with four lenders: Lloyds Bank, Mizuho Bank, Allied Irish Bank and Clydesdale Bank (trading as Virgin Money). The RCF has a three-year term, GCP explained, and was refinanced «on similar terms to the previous revolving credit facility». The only change was the introduction of additional flexibility in utilisations and repayments, it noted, to allow the trust to enhance its working capital management. GCP Infra eyes partial sale of portfolio assets to return £50m to shareholders Interest and ...

telecom towers along the Line of Control (LoC) in Pakistan-occupied Kashmir (PoK). These towers are believed to assist terrorists and their associates in infiltration activities, as reported by news agency PTI. Use of Encrypted YSMS Services by Terrorists

Centre accept their demands, including a legal guarantee on the minimum support price (MSP) for crops and farm loan waiver, and said they will head to Delhi on Wednesday. His statement came a day after the farmer leaders taking part in the «Delhi Chalo» agitation rejected the Centre's proposal for procuring pulses, maize and cotton at the MSP by government agencies for five years, saying it was not in favour of farmers. In the fourth round of talks with the farmer leaders on Sunday, a panel of three Union ministers proposed that government agencies would buy pulses, maize and cotton at the MSP for five years after entering into an agreement with farmers. The Samyukta Kisan Morcha (Non-Political) and the Kisan Mazdoor Morcha are spearheading the «Delhi Chalo» march.

Apollo Micro Systems Ltd are one of the multibagger stocks that the Indian stock market has delivered in recent years. However, it seems that foreign institutional investors (FIIs) still see some upside in this defence share. As per the shareholding pattern of Apollo Micro Systems Ltd for the recently ended December 2023 quarter, FIIs are owning 11.01 percent stake in this multibagger defence stock.

The website of major crypto ransomware operator LockBit has been taken down in a coordinated effort by international enforcement agencies. The message displayed on the site confirms it is now “under control of law enforcement.”

Also Read: Importance of using an EMI calculator while getting a personal loan The eligibility criteria for a personal loan can vary from lender to lender, but typically include factors such as age, citizenship, employment status, income, credit score, and debt-to-income ratio. Most lenders require borrowers to be at least 21 years old, be Indian citizens, have full-time or part-time employment, earn a minimum monthly income, have a good credit score (usually 650 or higher), and have a debt-to-income ratio of 40% or less. Banks and other lenders use their financial calculations and models to determine loan eligibility.

Also Read: Stocks to buy: NCC, Talbros Automotive among three fundamental stock picks by HDFC Securities “Banks will choose better yield retail lending over tightly priced corporate loans to utilize the available liquidity at an optimum level. We believe RoA for private banks has peaked out, resulting in a consolidation phase for stock prices, which should stay till spread expansion materializes," said InCred Equities analysts Jignesh Shial and Rishabh Jogani in a report. The analysts believe public sector banks (PSBs) are better placed on the liquidity front compared to private sector banks with their lower loan-to-deposit ratio (LDR) and higher liquidity coverage ratio (LCR).

ICICI Prudential Life Insurance Company Ltd. gained 1.42 per cent to Rs 522.0 in Tuesday's trade as of 11:16AM (IST). The stock hit a high price of Rs 523.0 and low of Rs 509.9 during the session. The return on equity (ROE) for the stock stood at 8.09 per cent. Traded volume on the counter stood at 11:16AM shares and turnover at Rs 0.53 crore around that time. The stock of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high price of Rs 615.55 and 52-week low prices of Rs 380.95, respectively.

₹1,280 against the previous close of ₹1,331.20 and soon fell 4.7 per cent to hit the low of ₹1,268. Around 9:30 am, the stock traded 2.73 per cent lower at ₹1,294.90 on NSE. Whirlpool of India's promoter, Whirlpool Mauritius Ltd, will sell a 24 per cent stake worth $451 million ( ₹3,745 crore) in the company through a block deal on Tuesday, as per a term sheet reviewed by Mint.

investors to adopt healthy investment habits. We are committed to delivering innovative and customized financial solutions that align with the evolving needs of our customers and help them save for the future." As per the information provided by the housing finance company, the enhanced interest rates are valid for all fresh and renewed fixed deposits made before March 31, 2024. Investors can benefit from these rates with a minimum deposit amount of ₹10,000, ensuring a secure avenue for wealth expansion.

NBCC (India), the state-owned construction firm, jumped 4.3% in today's early morning deals, reaching ₹147.40 apiece after the company received orders worth ₹369.05 crore from multiple clients. The company informed investors through an exchange filing on Monday that it secured an order worth ₹331.9 crore from the Rani Lakshmi Bai Central Agricultural University in Uttar Pradesh's Jhansi district for the upcoming infrastructure development works, according to an exchange filing on Monday.

Sensex gained 281.52 points to close at 72,708.16, while the Nifty 50 settled 81.55 points, or 0.37%, higher at 22,122.25. Nifty 50 formed a small positive candle on the daily chart with upper and lower shadow. “Technically, this pattern indicates the formation of a high wave or doji type candle pattern.

F&O ban list: A total of 11 stocks have been put under the ban for trade on Tuesday, February 20, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

On February 19, 2024, PNB MetLife India Insurance Company introduced the PMLI Small Cap Fund, a fresh addition to its Unit Linked Insurance Plan (ULIP) category. This newly launched fund presents policyholders with the prospect of accumulating wealth throughout the policy's duration by engaging in a varied equity portfolio, with a specific emphasis on small-cap enterprises. The unit price for this new fund is set at ₹10 during the new fund offer (NFO) period, spanning from February 19, 2024, to February 29, 2024.

It is common to think of US-China tensions as the inevitable result of stark differences between the two countries. The US has a fully capitalist market economy, whereas the Chinese government keeps a strong hand on the economic tiller. For all its faults, the US is a democracy, whereas China is a single-party regime that brooks no political challenge.