Security Financial News

A new IRS inspector general report says the agency continued to give 19 contractors access to sensitive systems despite failing background reports as recently as last July

financial landscape can be akin to a thrilling yet complex journey. Amid the buzz around stocks and real estate, there lies a less talked about, yet crucial, investment avenue: debt instruments. For the discerning Indian investor, understanding and leveraging these instruments can be a game-changer.

illegal loan apps from PlayStore in a span of two years ending Aug 2023? The latest data was revealed by Dr Bhagwat Karad, Minister of State (MoS) in the ministry of finance in a reply in Rajya Sabha. Google has reviewed nearly 3,500 to 4,000 loans apps and suspended or removed over 2,500 loan apps from its PlayStore during April 2021-July 2022, reveals the data shared by Similarly, during Sept 2022- Aug 2023, over 2,200 loan apps were removed from the PlayStore. Further, Google has updated its policy regarding enforcement of loan apps on the Play Store and only those apps are allowed on the PlayStore which are published by regulated entities or those working in partnership with regulated entities.

Reserve Bank of India (RBI) is set to do away with the OTP (one time password) based authentication. As of now, the banking regulator has not issued any detailed guidelines. The plan has been shared in a Statement on Development and Regulatory Policies released on Feb 8 on the RBI's website.

Jana Small Finance Bank IPO: GMP, how to check status as focus shifts to allotment date "The surge in domestic capital influx, robust growth of Indian entrepreneurial endeavors, advancements in governance standards, and the active engagement of conscientious institutional investors collectively contribute to the sustained momentum expected in the IPO market throughout 2024. This week, commencing February 22nd, 4 mainboard IPOs Appejay Surrendra Park Hotels, Rashi Peripherals, Jana Small Finance Bank and Capital Small Finance closed to raise cumulative of 2,613 crores," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.

Russian envoy to India, Denis Alipov, said on Saturday while his country remains New Delhi's «reliable and time-tested friend», the US is trying to threaten the relationship with sanctions. «In India, Russia enjoys a solid reputation as a reliable, sincere, well-intentioned, time-tested friend. Such an image was initially shaped due to the major contribution of the USSR to Indian socio-economic development, and it largely persists to this day,» he said. In an interview with the RT news agency, the Russian envoy added, «US officials who come here do not hesitate to directly state that they are pursuing the goal of tearing New Delhi away from Moscow. They are even making threats with secondary sanctions. Some Indian partners are forced to exercise caution, sometimes, frankly speaking, excessively, but there are also a significant number of those for whom such an approach is unacceptable.»

Haldwani's Banbhoolpura region during an anti-encroachment operation aimed at demolishing an «unauthorized» madrassa and a prayer site, as per a directive from the high court. Presently, five arrests have been made. Law enforcement is scrutinizing CCTV footage to identify those involved in acts of stone pelting, vandalism, and arson. Security Reinforcement Requested Chief Secretary Radha Raturi dispatched a missive on Saturday evening to the Union home secretary, urging the dispatch of four additional Central Armed Police Force (CAPF) companies to Haldwani «to uphold the law and order situation.»

Manohar Lal Khattar-led Haryana government has prepared cement barricades, iron nails, suspension of internet, suspension of bulk SMS services, and heavy police deployment to block the farmers. In what seems like a possible repeat of the 2020 Farmers' Protest against implementation of minimum support price (MSP), farmers are planning to march to Delhi on Tuesday to press the Centre to accept their various demands. Farmer leader Sarwan Singh Pandher on Saturday said the Centre has invited them for a meeting to discuss their demands on February 12.

Pakistan over delayed election results, with some reports putting Pakistan Muslim League-Nawaz candidates in the lead or winning, many moved courts alleging that their defeat was a result of 'rigging,' ARY news reported on Saturday. According to the report, several more candidates could be moving high courts over the next few days alleging that the votes were rigged.

Fund Organisation (EPFO) has fixed 8.25% interest rate on provident fund deposits for 2023-24, the highest in three years, following the approval of its central board of trustees at its meeting on Saturday. For 2022-23, the retirement fund body offered 8.15% interest, higher than 8.10% in 2021-22. The interest rate for 2023-24 will be officially notified after approval from the finance ministry, following which EPFO will credit the interest to subscribers' accounts at the end of the financial year.

Social media has been flooded with complaints of how people are being coerced into using the Digi Yatra app, which uses facial scanning biometrics. Is it really risky? And what do the stakeholders have to say about it? Suraksha P finds out. Akshay Gupta recently posted on social media platform X (previously Twitter) that he was denied entry at the Varanasi airport because he “did not follow the Digi Yatra lane”.

Manchester United are taking on Aston Villa in Premier League match on Sunday. Aston Villa are at the fifth place with 46 points off 23 games. Manchester United are at the sixth position with 38 points from 23 matches. Manchester United won three and drew one in their last league matches. Villa secured two wins in their last five matches.

Today, Bitcoin price has touched the $47,800 mark. It’s a 110% increase in price in the last 365 days.

The subscription for the last tranche of sovereign gold bonds (SGBs) for this financial year will open on February 12 and close on 16. The issue price has been fixed at Rs 6,262 per gram. The last tranche issued in December 2023 was priced at Rs 6,199 per gm. As these bonds have outperformed returns from physical gold and gold exchange traded funds (ETFs), individuals should look at investing in them to earn tax-free returns.

Tripura (NLFT), who fled from their camp in Bangladesh have surrendered to security officials in Tripura. On Friday they deposited arms and ammunition including two Chinese rifles. A senior police official who does not want to be named ET, “Six NLFT extremists surrendered to Deputy Inspector General of Police, Intelligence, Krishnendu Chakravertty in Agartala and deposited some arms and ammunition. The militants deposited two Chinese rifles, one country made sten gun, six live rounds 70 mm ammunition, two Chinese grenades and many other ammunition".

₹3,075 crore worth of Indian equities and the total inflow stands at ₹12,590 crore as of February 9, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. "The FPI investment trend of selling in equity and buying in debt witnessed in January is continuing in February. Through February 9, FPIs had sold equity for ₹3,074 crore and bought debt worth ₹15,093 crore.

Dividend Stocks: Shares of several companies, including Nestle India, Power Grid Corporation of India, Oil & Natural Gas Corporation (ONGC), IRCON International and many others will others will trade ex-dividend in the coming week, starting from Monday, February 12. Some other companies will also trade ex-bonus and ex-rights in the coming week. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

BSE. This security deposit amount is refundable or forfeitable in the manner specified by the board. The requirement of 1% security deposit was put in place by the regulator for public/rights issues so that an issuer expeditiously redresses investor complaints pertaining to refund of application money and allotment of securities, etc.

₹3 crore after the English pacer was ruled out of the T20 league for undisclosed reasons. “Lucknow Super Giants (LSG) named Shamar Joseph as a replacement for pacer Mark Wood for the upcoming edition of the TATA Indian Premier League (IPL) 2024. Joseph will join LSG for ₹3 Crore.

Leaks aren't just a problem for pipes.

Bandhan Bank is targeting to increase its share of the secured loan portfolio to 50% of the total loan book by FY26, Chandra Shekhar Ghosh, MD and CEO of Bandhan Bank, informed analysts soon after declaring its Q3 results. Last November, the Reserve Bank of India (RBI) warned banks about the increased share of unsecured loans and raised risk weightage. The bank had earlier said that it aims to raise the share of the secured portfolio to 70% by arch 2025, as reported by ET on October 14, 2022. On Friday, the bank reported a 152% rise (over the corresponding period) in net profit to Rs 733 crore for the quarter ending December 2023.