The growing threat of 'smishing' & how to protect yourself from it; Lok Sabha Polls- how regional parties are challenging national giants; Tech & more
#LatestNews?
Go Digit's ?2,614-crore IPO opens today: Should you subscribe to the issue?
Virat Kohli and Anushka Sharma-backed Go Digit General Insurance's initial public offering (IPO) opens for bidding on Wednesday, May 15. The company is offering its shares in the range of ?258-272 apiece, where investors can make bids for a minimum of 55 equity shares and its multiples thereafter. The issue will close for bidding on May 17.
Ahead of its IPO, the company has raised ?1,176 crore from anchor investors as it finalised allocation of 4.32 crore equity shares at ?272 per share.
Big News on LIC: India's largest insurer can achieve 10% public shareholding by 2027
Life Insurance Corporation of India Ltd. (LIC) has informed the exchanges that market regulator Securities and Exchange Board of India (SEBI) has granted an additional three years to achieve 10% public shareholding.
Based on the extension, LIC can now achieve 10% public shareholding by May 16, 2027, according to the exchange filing.Currently, public shareholding in LIC stands at 3.5% as of March 31, 2024. Based on this, the government still has to divest another 6.5% in the next three years to achieve the 10% minimum shareholding.
#LokSabhaPolls2024??
Lok Sabha Election 2024 — how regional parties are challenging national giants in Phase-4
As the dust settles on the fourth phase of India's Lok Sabha elections, the southern states stand out as a crucial battleground shaping the national political landscape. With voter turnout hitting 67.71% in Andhra Pradesh and Odisha, and Andhra Pradesh conducting simultaneous assembly elections, this phase holds immense significance in both state and national politics. Andhra Pradesh, in particular, is not merely electing a new government but asserting its regional voice on the national stage.
This phase not only determines the regional political dynamics but also holds national implications, especially for non-aligned parties like YSRCP, Biju Janata Dal, and Bharat Rashtra Samithi. The outcome of this phase could potentially make these regional parties kingmakers in the upcoming 2024 Lok Sabha elections.
Punjab Lok Sabha elections 2024: A look at BJP candidates
Punjab, comprising 13 parliamentary constituencies, is gearing up to vote for the 2024 Lok Sabha elections in a single phase on June 1. This time, the state is witnessing a multi-cornered contest between the ruling Aam Aadmi Party (AAP), Congress, the Bharatiya Janata Party (BJP) and the Shiromani Akali Dal (SAD).
Despite being members of the INDIA bloc, AAP and Congress have decided to go solo in Punjab, while the two former allies -- BJP and SAD -- earlier failed to revive their alliance.During the 2019 general elections, the Congress won eight out of 13 seats in Punjab, while the BJP and SAD received two seats each. The remaining seat went to the AAP.
SAD's Harsimrat Kaur declares assets worth ?135 crore
Shiromani Akali Dal's Bathinda candidate Harsimrat Kaur Badal has declared her assets, including that of her husband, worth ?135.79 crore, according to her poll affidavit.
Kaur (57), Shiromani Akali Dal (SAD) chief Sukhbir Singh Badal’s wife, on Monday filed her nomination papers from the Bathinda parliamentary constituency. According to her poll affidavit, Kaur has declared her and her husband’s movable and immovable assets amounting to ?54.86 crore and ?80.93 crore, respectively.
#FREEOURSKYLINES??
Fight against illegal ad hoardings: A terrible tragedy struck on May 13 after a 100-foot-tall illegal billboard fell at a petrol pump in Ghatkopar during dust storms and unseasonal rains in Mumbai. The killer hoarding caused the deaths of over a dozen people and injured many others.
The catastrophic incident outraged citizens who have been dealing with the menace of illegal ad hoardings. The people don't want just answers but solutions, as they turn to civic authorities, advertising agencies, industry bodies, brand marketers, and media owners, to take responsibility and fight against the menace of illegal advertising hoardings.
So speak up and join the #FreeOurSkylines movement.
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#PersonalFinance??
Top 5 mutual funds for Gen Z investors
What are the 5 best-suited mutual funds for a Gen Z or Gen Next investor? Shweta Rajani, CFA , Sr VP & Head, Mutual Funds of Anand Rathi Wealth tells Sonal Bhutra.
FM Nirmala Sitharaman warns of household savings risks amid F&O retail trading surge
Union Finance Minister Nirmala Sitharaman on Tuesday (May 14) sounded a cautionary note, highlighting the potential threats posed to household savings by a sudden surge in retail trading in futures and options (F&O).
"Any unchecked explosion in retail trading in F&O can create future challenges not just for the markets (but) for investor sentiment and also for household finances," she said at an event at the BSE.
Last year, market regulator SEBI released a study which suggested that 9 out of 10 retail investors suffered losses while trading in the F&O market.
#TechTalks??
Google I/O 2024: Gemini 1.5 Pro is here with enhanced features
At the annual developer's conference, Google I/O, held in Mountain View, California, on Tuesday, May 14, Google announced the launch of Gemini 1.5 Pro, offering advanced features to Gemini Advanced subscribers in over 35 languages. The update includes a 1 million token context window, a new conversational experience, and tools that enable Gemini to take action on behalf of users.
Gemini is designed to serve as a personal AI assistant, providing conversational, intuitive, and helpful interactions. The latest updates aim to enhance the user experience by introducing a longer context window, new data analysis capabilities, connections to additional Google apps, and more customizable options.
The growing threat of 'smishing' and how to protect yourself from it
Cybercrime is like Hydra of Greek mythology — chop off one of its heads, and a new one grows in its place. We have yet to solve the problem of phishing attacks.
According to numerous research reports, phishing attacks are a major contributor to account takeover (ATO) attacks, with nearly 80% of ATO incidents originating from phishing emails. These attacks often involve spear phishing, where hackers research their targets to craft convincing emails that trick employees into revealing login credentials or making fraudulent payments. In 2023, global phishing attacks increased by 58.2% compared to 2022, highlighting the ongoing threat posed by this cybercrime.
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