Security Financial News

By Melanie Burton

Quant Small Cap Fund's growth is worth nearly Rs 19 lakh today. Quant Small Cap Fund(G) which predominantly invests in smallcap stocks has given extended internal rate of returns (XIRR) of 49% according to data sourced from Ace Equities, earning Rs 13 lakh on the total investment of Rs 6 lakh made between February 10, 2019 and February 10, 2024. Meanwhile, the CAGR returns stand at 59%. The scheme which was launched on October 29, 1996 is benchmarked against Nifty Smallcap 250 — TRI and has given returns at an XIRR of 35% while at a CAGR of 40% during this period.

market capitalisation growing at an average annual run rate of Rs 1 lakh crore in the last two decades, billionaire Mukesh Ambani-owned Reliance Industries is undoubtedly the largest wealth creator in the history of Dalal Street. After India's most valued stock touched the Rs 20 lakh crore milestone this week, it is now bigger than the likes of American MNC giants like McDonald's, PepsiCo, Netflix and Accenture. Shareholders of RIL, which was worth just Rs 1 lakh crore in August 2005, have made a notional profit of Rs 19 lakh crore in a span of less than 19 years.

Haryana remain closed for traffic while security personnel in anti-riot gears were deployed at strategic locations in the national capital as farmers' 'Delhi Chalo' agitation entered the third day on Thursday. While the two borders — Tikri and Singhu — with Haryana remain closed, movement was allowed through the Ghazipur border with Uttar Pradesh under the watch of security personnel. According to senior police officer, the Delhi Police is on extra vigil though the protesting farmers have been stopped by the Haryana Police at the Shambhu border between Punjab and Haryana near Ambala. In the central part of Delhi as well, the police have put up barricades on several roads leading to Parliament and other sensitive locations.

Calgary Board of Education (CBE) on February 11, advising that her daughter’s school had been hit by the privacy breach.“Pictures were stolen — of children,” Gobeil said incredulously.“It’s a very, very scary situation for me.”The CBE’s email explained that Edge Imaging, a Canadian company that helps schools create yearbooks, informed it on Feb. 9 that its cloud storage service provider had experienced a cyber-security breach, leading to unauthorized access to student images.The CBE said it had been assured that no identifying information had been accessed, and Edge was taking the appropriate steps to find out what happened and how.Gobeil reached out to Edge and said she was told the same thing.“The initial email was, ‘We (Edge) take this very seriously.

interest rates and real estate prices. Many prospective homeowners grapple with the decision: should you buy now or wait in hopes of lower interest rates? This question, while important, overlooks the broader financial landscape that encompasses down payments, stamp duty, existing liabilities, and the pivotal role of your credit score. When considering a home purchase, particularly one as substantial as a ₹2 crore property, the initial focus should be on securing the necessary down payment.

Mint explains Sebi's reservation on such arrangements and why there’s a rethink now. Sebi’s primary concern was regarding losses that investors might suffer should a portfolio company default.

farmer leaders in Chandigarh Thursday for another round of talks amid the ongoing standoff between the agitators and security personnel at the Punjab-Haryana border. Agriculture and Farmer Welfare Minister Arjun Munda, Minister of Commerce and Industry Piyush Goyal and Minister of State for Home Affairs Nityanand Rai will meet the farmer leaders at 5 pm here over their various demands, including a law guaranteeing Minimum Support Price for crops. This will be the third round of talks between the two sides: the previous two rounds of dialogue on February 8 and 12 remained inconclusive. Farmers from Punjab are camping at the Shambhu and Khanauri borders of Punjab and Haryana seeking to march towards Delhi to press the Centre to accept their demands.

Berkshire Hathaway on Wednesday said it has trimmed its huge stake in Apple and shed four common stock holdings, and kept investors guessing on what could be a major new investment by Warren Buffett. In a regulatory filing describing its U.S.-listed stock holdings at the end of 2023, Berkshire said it sold 10 million Apple shares in the fourth quarter, but still owned more than 905 million shares worth about $174 billion.

After LPL Financial Holdings Inc. said Tuesday thatit was buying broker-dealer network Atria Wealth Solutions Inc. for a base price of $805 million, the company’s shares popped.

The American College of Financial Services has unveiled the findings from its 2023 Retirement Income Literacy Study, spotlighting a significant gap in retirement knowledge among older Americans.

Clients might have an overconfidence problem when it comes to retirement planning, claiming Social Security, and overall personal finance.

OIS), the principal financial market gauge for gauging which way interest rates are headed, show that traders have reduced the extent of rate cuts they expect from the Reserve Bank of India (RBI) this year, following a vigilant tone on inflation and liquidity by the central bank. A slower-than-expected inflation decline in the US and sobering Federal Reserve commentary on when its much-awaited policy easing may start has also prompted Indian traders to reduce their bets on how much rates the RBI will cut this year.

Bain Capital, Advent International and CVC Capital are among the private equity funds that are competing to buy Shriram Housing Finance Ltd (SHFL), an arm of Chennai-based non-banking finance company (NBFC) Shriram Finance, said people with knowledge of the matter. These three, along with Warburg Pincus, have been shortlisted after non-binding bids were submitted by potential buyers in mid-December. They are currently engaged in conducting due diligence. Binding bids are due in a fortnight. Parent Shriram Finance, which is mainly involved in commercial vehicle financing, owns 84.82% of SHFL, which focuses on affordable homes. San Francisco-based PE Valiant Capital Management owns most of the remaining stake.

Bitcoin climbed past $51,000 in a broad cryptocurrency rally that saw Ether, the second-biggest token, advance back to where it was before the TerraUSD stablecoin collapsed almost two years ago. Bitcoin's 21% year-to-date gain pushed its market capitalization above $1 trillion for the first time since December 2021, data from CoinGecko show. Ether rose 4.1% in London on Wednesday, and altcoins like Avalanche, Polkadot and Polygon also climbed.

The central bank in January opened applications for vendors to provide components and related services for a potential digital euro in contracts that could total more than EUR1 billion. Speaking before a European parliament committee, ECB board member Piero Cipollone, reassured MEPs that the central bank is not launching any of the development now, but instead is drawing up "framework agreements" that could be used in the coming years to develop the relevant components if the decision to launch the digital euro is taken."We need to be prepared for such an event," he says.

United States Securities and Exchange Commission (SEC) Chair Gary Gensler spoke about Bitcoin, stating  that it is the leading market share for ransomware attacks.

As Bitcoin surges to new two-year highs on rising spot Bitcoin ETF inflows, investors looking to secure even faster near-term gains are scouring the low-cap meme coin market for top crypto gainers today.

LONDON (Reuters) — Motorola Solutions (NYSE:MSI) said on Wednesday it had bought British long-range thermal camera specialist Silent Sentinel to bolster its video security capabilities in locations like airports and oil and gas facilities.

As the Bitcoin (BTC) price pumps to new two-year highs on strong spot Bitcoin ETF inflows, investors looking to secure faster near-term gains are scouring the altcoin market for the best crypto to buy today.

By Laila Kearney