Security Financial News

cryptocurrency Bitcoin (BTC) declined 2% to $45,945 on Wednesday after the US Securities and Exchange Commission (SEC) said that a post on X claiming a spot Bitcoin exchange-traded funds was approved was not authorised by the agency. «The @SECGov X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products,» the U.S. Securities and Exchange Commission said on X. At 10:43 a.m., bluechip crypto tokens BTC was trading 1.8% lower at $45,945, while Ethereum was up 2.8% at $2,377. Whereas altcoins, such as Avalanche, Solana, and Cardano, fell 3-8%. Bitcoin surged beyond the $47,000 threshold on Monday, reaching its highest point since March 2022. However, it couldn't maintain that position, experiencing spikes and dips in the past 24 hours following the approval of fake SEC spot Bitcoin ETFs, said Edul Patel, CEO of Mudrex.

Capital markets regulator Sebi has kept in «abeyance» the proposed Rs 1,500 crore Initial Public Offering (IPO) of Asirvad Micro Finance, a subsidiary of listed NBFC Manappuram Finance. However, the Securities and Exchange Board of India (Sebi) did not clarify further. Reacting to the development, shares of Manappuram Finance plunged as much as 7.45 per cent to a low of Rs 163.40 apiece on the BSE on Wednesday.

Fintech firm Mylapay said it has raised Rs 4.6 crore in a seed funding round led by venture capital firm CDM Capital. Singapore-based Saison Capital, the venture arm of Credit Saison, and 77 Capital, led by fintech veteran Amit Goel. Mylapay addresses challenges in the payment industry, such as high transaction failure rates and the intricacies of complex payment operations through the company's unified cloud-based platform.

Jubilant Foodworks Ltd. slipped 1.25 per cent to Rs 519.95 in Wednesday's trade as of 01:44PM (IST). The stock hit a high price of Rs 525.7 and low of Rs 517.5 during the session.

Manappuram Finance plunged 7.4% to Rs 163.4 in Wednesday's trade on BSE after the market regulator Securities and Exchange Board of India (SEBI) put the IPO of its arm Asirvad Microfinance on hold. The delay in the IPO represents a blow to Manappuram Finance, which had raised its stake in Ashirwad Microfinance in June 2022, acquiring a majority stake as part of its broader diversification strategy. Asirvad Microfinance had filed a draft red herring prospectus (DRHP) with SEBI to raise Rs 1,500 crore from the public back in October last year. At 11.22 am, the scrip was trading 4.9% lower at Rs 167.9 on BSE. However, in the last year, the stock has surged nearly 40%. In Q2 FY24, Manappuram Finance reported a 37% increase in consolidated net profit to Rs 561 crore.

HCL Technologies rose over 3% to Rs 1,507.2 in Wednesday trade on BSE ahead of its third-quarter results due on Friday, January 12. Meanwhile, a total of 25,75,833 equity shares worth Rs 383.6 crore also changed hands in Wednesday's trade. At 12:05 pm, the scrip was trading 2% higher at Rs 1,490 on BSE. The stock has also surged 33% in the past six months, while it has rallied 40% in the last year. In Q2 FY24, HCL Technologies reported 10% growth in its consolidated net profit at Rs 3,832 crore. The same stood at Rs 3,489 crore in the last year period. Its revenue from operations during the period rose 8% to Rs 26,672 crore against Rs 24,686 crore in the same period last year. In Q2, in constant currency terms, revenue was up 1% sequentially and 3% year-on-year (YoY). Segment-wise, services revenue rose 3% (CC), while digital revenue was up 4%. Here's what brokerages expect from HCL Technologies' Q3 results:

Vodafone Idea," said analysts at the brokerage house. The analysts believe that the extent of the tariff hike might take the market by surprise and consider Bharti Airtel to be in the most advantageous position among Indian telecom operators to leverage this hike, given its larger base of high-end users. Shares of Bharti Airtel hit a 52-week high of ₹1,069 on in early deals today following the report.

DLF Ltd. traded 1.07 per cent up at Rs 780.95 at around 12:58PM (IST) on Wednesday. The stock had closed at Rs 789.4 in the previous session.

Beijing will «never compromise» on the issue of Taiwan and urged them to stop «provocative actions» in the South China Sea, the defence ministry said Wednesday. China «stressed that it will never compromise or back down on the Taiwan issue,» the ministry said in a readout of the talks in Washington, held Monday and Tuesday, urging the United States to «stop arming» the self-ruled island, which is holding elections this week.

amrit kaal’, or golden era, is eliminating hunger in India. That is why the government decided to extend the Pradhin Mantri Garib Kalyan Anna Yojana, or PMGKAY, scheme, which aims to provide free foodgrains to the poor for another five years beginning this month.

Finally some good news — you’ve landed a major promotion with a huge pay bump, or you’ve finished many years of education and entered a high-paying profession.

Public Provident Fund (PPF) stands out as a highly favoured choice for individuals in India looking to make tax-saving investments. Its enduring popularity can be attributed to various compelling reasons: Triple tax exemption: PPF enjoys the exempt-exempt-exempt (EEE) status, ensuring that investments, earnings, and maturity proceeds remain entirely exempt from taxes. This feature sets it apart as notably appealing compared to other tax-saving schemes.

National Pension System (NPS) subscribers are meant to opt for different pension fund managers and investment options they want to go for. There are two investment options for NPS subscribers to choose from: auto and active. In active investment choice, subscribers can decide the ratio of different asset classes to invest: equity, government securities, corporate debt and alternative investment fund (AIF).

Manappuram Finance shed over 7 percent on Wednesday after market regulator SEBI put the IPO of its arm Asirvad Microfinance in abeyance, according to media reports. The stock fell as much as 7.4 percent to ₹163.40 in intra-day deals today. It is now over 10 percent away from its 52-week high of ₹182.10, hit on January 9, 2024.

The official X account of the U.S. Securities and Exchange Commission (SEC) was compromised when it posted the fake spot Bitcoin ETF approval announcement, X has confirmed.

As the cryptocurrency world eagerly awaits the U.S. Securities and Exchange Commission’s (SEC) decision on Bitcoin ETFs, the market is abuzz with speculation and activity. Bitcoin price has consistently held strong above the $47,000 mark, drawing strength from the growing optimism surrounding the approval of Bitcoin ETFs.

The National Bank of Ukraine (NBU) has stated that crypto “is not money,” and has reaffirmed its intention to regulate the sector – using EU law as a benchmark.

Also Read: Jyoti CNC Automation IPO: Issue fully booked on day 1, retail portion subscribed 8.28x The product line consists of multi-tasking machines, simultaneous 3-axis and simultaneous 5-axis CNC machining centres, CNC turning centres, CNC turning-milling centres, CNC vertical machining centres (VMCs), and CNC horizontal machining centres (HMCs). Also Read: Jyoti CNC Automation IPO: GMP, subscription status, review, other details.

By Ankur Banerjee

By Tom Westbrook

Daniel Noboa declared the country to be in a state of "internal armed conflict" after gangsters declared "war" in an escalating security crisis sparked by the prison escape Sunday of one of Ecuador's most powerful narco bosses. Long a peaceful haven sandwiched between top cocaine exporters Colombia and Peru, Ecuador has seen violence explode in recent years as enemy gangs with links to Mexican and Colombian cartels vie for control.