Security Financial News

stock exchanges and the U.S. Securities and Exchange Commission on Friday discussed final wording changes on filings for spot bitcoin ETFs, a step that could lead to U.S. approval of the funds for the first time next week, sources familiar with the matter said. Issuers held discussions with SEC officials about the S-1 prospectus documents that every exchange-traded fund (ETF) must submit for approval, according to executives and representatives of five firms who declined to be identified due to the confidentiality of the ongoing talks. Multiple issuers said Friday they expect to receive final approval of S-1 filings by late Tuesday or Wednesday. The SEC sought what three issuers described as «minor» changes. Some asset managers are expected to amend their filings to disclose fees or identities of the market-makers for their ETFs. Those updates are due by 8 a.m. ET (1300 GMT) on Monday and could become public that day, sources familiar with the process said.

Read more Billionaire Mukesh Ambani's Reliance Industries (RELI.NS) and Walt Disney (DIS.N) have engaged law firms and initiated antitrust due diligence for their proposed merger in the Indian media and entertainment sector, according to four individuals with knowledge of the situation. Read more Aided by sustained investment growth and robust output in manufacturing, construction and certain services, India’s economy may grow at 7.3% in FY24, the government’s first advance estimates showed, higher than the central bank’s upwardly revised estimate of 7%. Read more The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P, rose to 59 in December, up from 56.9 in the month prior.

Investments in mutual funds can very well be made in the name of an individual's minor son or daughter. But once the said minor son or daughter turns 18 i.e. becomes major, certain compliances have to be followed. If these compliances are not followed no further transactions will be allowed for the said mutual fund folio. To keep your mutual fund investment unaffected, once the minor turns major, you must get the mutual fund account regularised by submitting certain details and documents. «Upon the minor attaining the status of major, the minor in whose name the investment was made, shall be required to provide all the KYC details and updated bank account details including cancelled original cheque leaf of the new account. No further transactions shall be allowed till the status of the minor is changed to major,» said the Securities and Exchange Board of India (SEBI) in a circular dated December 24, 2019.

Indian Navy's elite marine commandos successfully rescued 21 crew members, including 15 Indians, from the Liberian-flagged vessel MV Lila Norfolk on January 5, 2024. The action was a rapid response to an attempted hijacking in the North Arabian Sea. The operation involved deploying a warship, maritime patrol aircraft, helicopters, P-8I, and long-range aircraft, along with Predator MQ9B drones. The incident, which saw around five to six armed personnel attempting the hijacking, triggered a swift and decisive intervention by the Indian Navy. «All 21 crew including 15 Indians onboard the vessel were safely evacuated from the citadel,» PTI quoted Indian Navy's spokesperson Commander Vivek Madhwal as saying. «Sanitisation by MARCOs commandos has confirmed the absence of the hijackers.

PTI. Members of the Coast Guard, Border Guard Bangladesh (BGB), and Rapid Action Battalion (RAB) will also be on election duty to oversee security arrangements. Border Guard Bangladesh (BGB) will take command of security arrangements in 45 bordering upazilas while the Bangladesh Navy will operate in 19 districts, including Bhola and Barguna.

₹1 crore annually. The institute said, as per PTI, some of the top recruiters who have visited the campus this season are Accenture, Airbus, Air India, Apple, Arthur D.

Ratnagiri, originally owned by Amina Bi, the mother of fugitive terrorist Dawood Ibrahim. As per a report by the Times of India, the lawyer secured the plots through an auction for a total sum exceeding ₹2 crore. Interestingly, the remaining two plots under Amina Bi's name did not attract any bidders.

review–one must wait for a ruling first to challenge it. The petitions were premature considering that the Securities and Exchange Board of India is yet to conclude all its investigations into the allegations on the Adani Group. The Supreme Court has rightly refused to intrude into what is manifestly the territory of the markets regulator, as well as other agencies and regulatory bodies charged with looking into charges of financial or accounting fraud.

Gold rate today: In the first week of the new year 2024, spot gold price remained at $2,010 to $2,080 per ounce whereas on Multi Commodity Exchange (MCX), the precious yellow metal traded in ₹62,250 to ₹63,500 per 10 gm range. The gold futures contract for February 2024 expiry on MCX finished at ₹62,579 per 10 gm level, around ₹1,500 away from its lifetime high of ₹64,064 per 10 gm.

Ayodhya for the consecration ceremony of the Ram Temple later this month. The police personnel engaged in the Ayodhya inauguration on January 22 should not use smart phones, he said. Prime Minister Narendra Modi is set to attend the consecration ceremony of the Ram Temple on January 22. Many VVIP guests from the country and abroad are expected to come to the temple town to attend the event. Preparations are underway in full swing for the event, which is expected to be attended by thousands of dignitaries and people from all sections of society. Vedic rituals for the Pran-Pratishtha (consecration) ceremony of Ram Lalla (infant Lord Ram) in Ayodhya will begin on January 16, a week before the main ceremony. A priest from Varanasi, Lakshmi Kant Dixit, will perform the main rituals of the consecration ceremony of Ram Lalla on January 22.

Ayodhya was bigger than the movement for the country's independence in 1947. The VHP leader said that lakhs of people sacrificed their lives for the movement and it took nearly 500 years to give a final shape to the construction of the temple of Lord Ram Lalla. «Ram Temple movement was a bigger movement than the independence movement.

Aditya-L1 satellite, India's first space-based solar observatory, is scheduled to reach its designated orbit at 4 pm on January 6th. Earlier, ISRO Chairman S Somanath told ANI “Aditya-L1 is going to reach its L1 point on January 6 and we are going to do the final manoeuvre to keep it there." Meanwhile, the satellite, launched from Sriharikota on September 2, is expected to stay in this strategic location for the next five years.

Mumbai Police receive threat of blasts ahead of New Year, investigation underway Based on the complaint filed by the museum management, an offence under section 505 (1) (b), 506 (2), 182 of the Indian Penal Code was registered against unidentified persons at Colaba police station. An investigation into this matter is underway.

Firms looking to launch spot bitcoin exchange-traded funds cleared a major hurdle this week on the path to gaining sign-off from U.S. regulators in coming days.

Somoy news reported. According to Reuters, police suspected an arson attack during unrest ahead of national elections. "We suspect the fire incident was an act of sabotage," police chief Anwar Hossain told AFP, without giving more details.

5thScape is a new crypto project heralding the future of augmented reality (AR) and virtual reality (VR) technology. This project is building its own VR headset and developing a wide range of VR games that promise to be more immersive than anything that exists today.

An Ethereum (ETH) spot ETF is due to reach the U.S. market after a slew of Bitcoin (BTC) based equivalents are likely greenlighted next week, according to Bloomberg ETF analyst James Seyffart.

On December 25, 2023, the Bitcoin network achieved a significant milestone. The mining hash rate, a measure of the network's computing power, soared to an all-time high of 544 exahashes per second (EH/s). This landmark event confirmed by Blockchain.com marks a remarkable increase of 130% since January 2023, when the hash rate was at 253 EH/s​​​​​​.

Sebi) on Friday reiterated its existing rules on short selling by including its 2007 circular on the subject in the master circular. Short selling involved selling a stock which the seller doesn’t own at the time of trade. Both retail and institutional investors are allowed to short sell securities. But rules do not allow naked short selling in Indian securities market.

SentinelOne on Wednesday announced that it had agreed to acquire Bengaluru-based cybersecurity startup PingSafe for an undisclosed amount. The Mountain View-headquartered company in a statement said it will acquire PingSafe for a combination of cash and stock and that the acquisition is expected to conclude in SentinelOne’s first quarter of fiscal year 2025, subject to any applicable regulatory approvals and customary closing conditions.

Enforcement Directorate (ED) officials were attacked on Friday in North 24 Parganas district's Sandeshkhali allegedly by Trinamool supporters, with three officers receiving serious injuries, as they tried to raid the residence of local Trinamool Congress leader Shahjahan Sheikh in connection with the ration distribution case. The vehicles of CISF and ED were also vandalised allegedly by the Trinamool followers of Sheikh, sources said. Apart from the ED officials, CISF and some mediapersons were also beaten and assaulted by the Trinamool miscreants. As ED officials reached Sheikh’s residence this morning, his house was cordoned off by the CISF.