Samsung faces local hedge fund's push to cancel preferred shares
In a letter to Samsung’s board and management this week, Life Asset Management called on the Korean tech giant to repurchase and cancel the shares until their price gap with common stock is erased, according to the fund’s statement.
Read More:
https://www.moneycontrol.com/news/business/samsung-faces-local-hedge-fund-s-push-to-cancel-preferred-shares-14029825.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
In a letter to Samsung’s board and management this week, Life Asset Management called on the Korean tech giant to repurchase and cancel the shares until their price gap with common stock is erased, according to the fund’s statement.
Read More:
https://www.moneycontrol.com/news/business/samsung-faces-local-hedge-fund-s-push-to-cancel-preferred-shares-14029825.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Moneycontrol
Samsung faces local hedge fund's push to cancel preferred shares- Moneycontrol.com
In a letter to Samsung’s board and management this week, Life Asset Management called on the Korean tech giant to repurchase and cancel the shares until their price gap with common stock is erased, according to the fund’s statement.
Meta agrees to report child sexual abuse cases to law enforcement agencies in India
Meta has agreed to report matters related to child sexual abuse and safety to the appropriate law enforcement agencies in India, as the government steps up its engagement with social media platforms over harmful content online.
Read More:
https://www.moneycontrol.com/news/india/meta-agrees-to-report-child-sexual-abuse-cases-to-law-enforcement-agencies-in-india-14029832.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Meta has agreed to report matters related to child sexual abuse and safety to the appropriate law enforcement agencies in India, as the government steps up its engagement with social media platforms over harmful content online.
Read More:
https://www.moneycontrol.com/news/india/meta-agrees-to-report-child-sexual-abuse-cases-to-law-enforcement-agencies-in-india-14029832.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Moneycontrol
Meta agrees to report child sexual abuse cases to law enforcement agencies in India- Moneycontrol.com
The development comes amid heightened scrutiny of Meta in India over the alleged circulation and promotion of child sexual abuse material (CSAM) through advertisements on Instagram.
Nifty opens above 23,400, Sensex gains 300 pts; HDFC Bank up nearly 3%
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Markets In Red 🚨 | Sensex crashes 1,200 pts from day's high, Nifty near 23,200: Key reasons behind market decline
Higher oil prices and global bond yields are weighing on market sentiment on September 15
More details
https://www.moneycontrol.com/news/business/markets/sensex-falls-650-pts-from-day-s-high-nifty-below-23-400-key-reasons-behind-markets-turning-red-14029952.html
Higher oil prices and global bond yields are weighing on market sentiment on September 15
More details
https://www.moneycontrol.com/news/business/markets/sensex-falls-650-pts-from-day-s-high-nifty-below-23-400-key-reasons-behind-markets-turning-red-14029952.html
Moneycontrol
Sensex settles 1,400 pts lower from day's high, Nifty ends near 23,100: Key reasons behind market decline- Moneycontrol.com
Higher oil prices and global bond yields are weighing on market sentiment on September 15
Dow Jones futures fall 350 pts, US stocks set for weak open as crude tops $108, Treasury yield soar above 5%
Dow Jones futures fell nearly 350 points as surging crude oil prices and the US 10-year Treasury yield topping 5 percent weighed on US stocks ahead of the Federal Reserve's rate decision.
More details
https://www.moneycontrol.com/news/business/markets/dow-jones-futures-fall-350-pts-us-stocks-set-for-weak-open-as-crude-tops-108-treasury-yield-soar-above-5-14030287.html
Dow Jones futures fell nearly 350 points as surging crude oil prices and the US 10-year Treasury yield topping 5 percent weighed on US stocks ahead of the Federal Reserve's rate decision.
More details
https://www.moneycontrol.com/news/business/markets/dow-jones-futures-fall-350-pts-us-stocks-set-for-weak-open-as-crude-tops-108-treasury-yield-soar-above-5-14030287.html
Moneycontrol
Dow Jones futures fall 350 pts, US stocks set for weak open as crude tops $108, Treasury yield soar above 5%- Moneycontrol.com
Dow Jones futures fell nearly 350 points as surging crude oil prices and the US 10-year Treasury yield topping 5 percent weighed on US stocks ahead of the Federal Reserve's rate decision.
SEBI proposes easier disaster recovery testing framework, non-working day drills at exchanges
-SEBI proposes BCP/DR changes for market institutions.
-DR drills on non-working days, 4-hour minimum.
-Includes stress testing, fault tolerance, data recovery.
Details here ⤵️
https://www.moneycontrol.com/news/business/markets/sebi-proposes-easier-disaster-recovery-testing-framework-non-working-day-drills-at-exchanges-14030442.html
-SEBI proposes BCP/DR changes for market institutions.
-DR drills on non-working days, 4-hour minimum.
-Includes stress testing, fault tolerance, data recovery.
Details here ⤵️
https://www.moneycontrol.com/news/business/markets/sebi-proposes-easier-disaster-recovery-testing-framework-non-working-day-drills-at-exchanges-14030442.html
Moneycontrol
SEBI proposes easier disaster recovery testing framework, non-working day drills at exchanges- Moneycontrol.com
Regulator proposes four-hour DR drills, tougher stress testing at primary sites and data recovery from clearing corporations
UPI MDR: Who gets what from the new 0.4% fee? 💳
The new UPI Merchant Discount Rate (MDR) will see 40% of the revenue go to issuing banks, 30% to merchant acquirers, 20% to UPI apps and 10% to their bank partners, according to an NPCI circular cited by Moneycontrol.
Read more: https://www.moneycontrol.com/technology/issuer-banks-to-get-40-merchant-acquirers-30-upi-apps-to-get-20-of-the-upi-mdr-revenue-article-14030521.html
The new UPI Merchant Discount Rate (MDR) will see 40% of the revenue go to issuing banks, 30% to merchant acquirers, 20% to UPI apps and 10% to their bank partners, according to an NPCI circular cited by Moneycontrol.
Read more: https://www.moneycontrol.com/technology/issuer-banks-to-get-40-merchant-acquirers-30-upi-apps-to-get-20-of-the-upi-mdr-revenue-article-14030521.html
Oil falls as US crude inventories rise despite Saudi supply concerns
Brent crude futures fell 93 cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while U.S. West Texas Intermediate futures were down 97 cents, or 0.92%, at $104.86 a barrel.
Read More:
https://www.moneycontrol.com/news/business/commodities/oil-falls-as-us-crude-inventories-rise-despite-saudi-supply-concerns-14030673.html
Brent crude futures fell 93 cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while U.S. West Texas Intermediate futures were down 97 cents, or 0.92%, at $104.86 a barrel.
Read More:
https://www.moneycontrol.com/news/business/commodities/oil-falls-as-us-crude-inventories-rise-despite-saudi-supply-concerns-14030673.html
Moneycontrol
Oil falls as US crude inventories rise despite Saudi supply concerns- Moneycontrol.com
Brent crude futures fell 93 cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while U.S. West Texas Intermediate futures were down 97 cents, or 0.92%, at $104.86 a barrel.
Trump could get power to hit India with up to 100% tariffs as Russia sanctions bill advances
-US House advanced Russia/Iran sanctions bill.
-Bill could impose tariffs on Russian oil buyers.
-India faces potential 100% tariffs on its goods.
Read More:
https://www.moneycontrol.com/news/business/trump-could-get-power-to-hit-india-with-up-to-100-tariffs-as-russia-sanctions-bill-advances-14030678.html
-US House advanced Russia/Iran sanctions bill.
-Bill could impose tariffs on Russian oil buyers.
-India faces potential 100% tariffs on its goods.
Read More:
https://www.moneycontrol.com/news/business/trump-could-get-power-to-hit-india-with-up-to-100-tariffs-as-russia-sanctions-bill-advances-14030678.html
Moneycontrol
Trump could get power to hit India with up to 100% tariffs as Russia sanctions bill advances- Moneycontrol.com
The House cleared a procedural vote 214-211, setting up a final vote on legislation that could expose India to tariffs of up to 100% over Russian energy purchases.
AI fears justified, but public should trust firms to act responsibly: Sam Altman
-Altman acknowledges AI risks, urges trust in developers.
-Debate: AI self-regulation vs. government oversight.
-AI companies discuss common safety standards.
Read More:
https://www.moneycontrol.com/news/business/ai-fears-justified-but-public-should-trust-firms-to-act-responsibly-sam-altman-14030690.html
-Altman acknowledges AI risks, urges trust in developers.
-Debate: AI self-regulation vs. government oversight.
-AI companies discuss common safety standards.
Read More:
https://www.moneycontrol.com/news/business/ai-fears-justified-but-public-should-trust-firms-to-act-responsibly-sam-altman-14030690.html
Moneycontrol
AI fears justified, but public should trust firms to act responsibly: Sam Altman- Moneycontrol.com
Altman, however, said the public should have confidence that OpenAI and other AI companies would act in the broader interest as the capabilities of their systems continue to advance.
#MarketsWithMC | Paytm, One Mobikwik shares jump up to 5% after UPI MDR announcement; brokerages see revenue boost
-NPCI announced new MDR framework for UPI.
-Paytm, Mobikwik shares rose after new MDR framework.
-MDR up to 40 bps for P2M UPI transactions > Rs 2,000.
Read More:
https://www.moneycontrol.com/news/business/stocks/paytm-one-mobikwik-shares-jump-up-to-5-after-upi-mdr-announcement-brokerages-see-revenue-boost-14030798.html
-NPCI announced new MDR framework for UPI.
-Paytm, Mobikwik shares rose after new MDR framework.
-MDR up to 40 bps for P2M UPI transactions > Rs 2,000.
Read More:
https://www.moneycontrol.com/news/business/stocks/paytm-one-mobikwik-shares-jump-up-to-5-after-upi-mdr-announcement-brokerages-see-revenue-boost-14030798.html
Moneycontrol
One Mobikwik slips into red, Paytm pares gains after opening surge on UPI MDR announcement- Moneycontrol.com
Under the new framework, an MDR of up to 40 basis points will apply to person-to-merchant (P2M) UPI transactions above Rs 2,000 from October 15, with concessional rates for select categories and exemptions for small merchants
High taxes, import costs make iPhone Duo pricier in India, other low-income markets: TechArc analysis
iPhone Duo costs 63% more in lower-income markets.
Taxes, currency weakness drive higher prices.
Average price $3,669 in lower-income vs $2,248 in higher.
Read:
https://www.moneycontrol.com/technology/why-apple-s-iphone-duo-costs-more-in-lower-income-markets-like-india-philippines-techarc-analysis-article-14030779.html
iPhone Duo costs 63% more in lower-income markets.
Taxes, currency weakness drive higher prices.
Average price $3,669 in lower-income vs $2,248 in higher.
Read:
https://www.moneycontrol.com/technology/why-apple-s-iphone-duo-costs-more-in-lower-income-markets-like-india-philippines-techarc-analysis-article-14030779.html
Moneycontrol
High taxes, import costs make iPhone Duo pricier in India, other low-income markets: TechArc analysis- Moneycontrol.com
TechArc’s analysis indicates that Apple’s pricing in lower-income markets is being driven less by a uniform global pricing strategy and more by the uneven impact of import duties, local taxes and currency weakness.
🔻 Defence stocks extend selloff to fifth day ; Nifty India Defence down nearly 10% in five sessions
- Indian defence stocks fell for 5th straight session.
- Nifty India Defence index down 9.7% in five sessions.
- Decline despite HSBC's positive defence spending outlook
More details
https://www.moneycontrol.com/news/business/markets/defence-stocks-extend-selloff-to-fifth-day-nifty-india-defence-down-nearly-10-in-five-sessions-14030893.html
- Indian defence stocks fell for 5th straight session.
- Nifty India Defence index down 9.7% in five sessions.
- Decline despite HSBC's positive defence spending outlook
More details
https://www.moneycontrol.com/news/business/markets/defence-stocks-extend-selloff-to-fifth-day-nifty-india-defence-down-nearly-10-in-five-sessions-14030893.html
Moneycontrol
Defence stocks extend selloff to fifth day; Nifty India Defence down nearly 10% in five sessions- Moneycontrol.com
Defence stocks extended their decline to a fifth straight session, taking the Nifty India Defence index’s cumulative fall to nearly 10 percent, even as HSBC highlighted strong earnings visibility from a multi-year defence spending cycle.
Kamlesh Chandra Varshney gets extension as SEBI whole-time member till August 2029
Details here ⤵️
https://www.moneycontrol.com/news/business/markets/kamlesh-chandra-varshney-gets-extension-as-sebi-whole-time-member-till-august-2029-14030993.html
Details here ⤵️
https://www.moneycontrol.com/news/business/markets/kamlesh-chandra-varshney-gets-extension-as-sebi-whole-time-member-till-august-2029-14030993.html
Moneycontrol
Kamlesh Chandra Varshney gets extension as SEBI whole-time member till August 2029- Moneycontrol.com
A 1990-batch Indian Revenue Service (Income Tax) officer, Varshney previously served as Joint Secretary in the Tax Policy Division of the Department of Revenue, Ministry of Finance
📈 ATM-related stocks rise up to 5% amid introduction of UPI MDR: Here's why
Cash management companies Radiant Cash Management and CMS Info Systems' shares advanced on September 16
More details 👇
https://www.moneycontrol.com/news/business/markets/atm-related-stocks-rise-up-to-5-amid-introduction-of-upi-mdr-here-s-why-14030995.html
Cash management companies Radiant Cash Management and CMS Info Systems' shares advanced on September 16
More details 👇
https://www.moneycontrol.com/news/business/markets/atm-related-stocks-rise-up-to-5-amid-introduction-of-upi-mdr-here-s-why-14030995.html
Moneycontrol
ATM-related stocks rise up to 5% amid introduction of UPI MDR: Here's why- Moneycontrol.com
Cash management companies Radiant Cash Management and CMS Info Systems' shares advanced on September 16
More lenders means more choice for personal loan borrowers.
With multiple lenders offering different rates, amounts and repayment terms, comparing options can help borrowers make a more informed decision.
Explore multiple offers: https://www.moneycontrolpay.com/?utm_source=Telegram
With multiple lenders offering different rates, amounts and repayment terms, comparing options can help borrowers make a more informed decision.
Explore multiple offers: https://www.moneycontrolpay.com/?utm_source=Telegram
🚨BCCI decides to host IPL 2027 auction in India: Report
Read More ⤵️
https://www.moneycontrol.com/sports/cricket/ipl/bcci-decides-to-host-ipl-2027-auction-in-india-report-article-14031108.html
Read More ⤵️
https://www.moneycontrol.com/sports/cricket/ipl/bcci-decides-to-host-ipl-2027-auction-in-india-report-article-14031108.html
Moneycontrol
BCCI decides to host IPL 2027 auction in India: Report- Moneycontrol.com
The report added that the Governing Council did not make a decision regarding the Impact Player rule.
Closing bell 🔔| Nifty Holds 23,200 as Sensex Rallies 330 Pts; UPI MDR News in Focus
Details here ⤵️
https://www.moneycontrol.com/news/videos/business/markets/live-nifty-holds-23-200-as-sensex-rallies-267-pts-upi-mdr-news-in-focus-closing-bell-14031147.html
Details here ⤵️
https://www.moneycontrol.com/news/videos/business/markets/live-nifty-holds-23-200-as-sensex-rallies-267-pts-upi-mdr-news-in-focus-closing-bell-14031147.html
66.7% rise in pension to up to Rs 12,500 a month as EPF wage ceiling raised to Rs 25,000
- Cabinet approved raising EPF/EPS wage ceiling to Rs 25,000.
- Pension benefits could increase by 66.7% for employees.
- 51 lakh employees to benefit from the increased ceiling.
Read More:
https://www.moneycontrol.com/news/business/personal-finance/66-7-rise-in-pension-to-up-to-rs-12-500-a-month-as-epf-wage-ceiling-is-raised-to-rs-25-000-14031276.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
- Cabinet approved raising EPF/EPS wage ceiling to Rs 25,000.
- Pension benefits could increase by 66.7% for employees.
- 51 lakh employees to benefit from the increased ceiling.
Read More:
https://www.moneycontrol.com/news/business/personal-finance/66-7-rise-in-pension-to-up-to-rs-12-500-a-month-as-epf-wage-ceiling-is-raised-to-rs-25-000-14031276.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Moneycontrol
66.7% rise in pension as EPF wage ceiling raised to Rs 25,000- Moneycontrol.com
Apple’s new iPhones, fake deals and online scams: How fraudsters are targeting buyers after the launch
iPhone launches spark fraud. Scammers use fake sites, AI, and discounts, offering fake early access to exploit consumer interest. Verify legitimacy, payment, and official dates to avoid scams.
Read More:
https://www.moneycontrol.com/world/apple-s-new-iphones-fake-deals-and-online-scams-how-fraudsters-are-targeting-buyers-after-the-launch-explained-article-14031361.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
iPhone launches spark fraud. Scammers use fake sites, AI, and discounts, offering fake early access to exploit consumer interest. Verify legitimacy, payment, and official dates to avoid scams.
Read More:
https://www.moneycontrol.com/world/apple-s-new-iphones-fake-deals-and-online-scams-how-fraudsters-are-targeting-buyers-after-the-launch-explained-article-14031361.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Moneycontrol
Apple’s new iPhones, fake deals and online scams: How fraudsters are targeting buyers after the launch | Explained- Moneycontrol.com
Scammers are exploiting the excitement around Apple’s latest iPhone launch through fake shopping websites, deep discounts and fraudulent early-access offers.