'There is a short-term nervousness in the market, owing to the China factor and the impact erratic monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
'There is a short-term nervousness in the market, owing to the China factor and the impact erratic monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
"What is the guarantee that more liquidity would have stopped the fall in equity prices?" he asked, adding: On the other hand, adding more liquidity would have added to inflationary pressures and might lead to more problems for the real economy."
"There is a liquidity crisis globally and Indian markets are not immune to that," he said. "FIIS are selling ruthlesslessly to take out whatever money they can because yen carry trade has gone even more out of hand and they are under tremendous liquidity pressure in their home countries."
Sindh Today Oct 23, 2008 Spreading Contagion Brings Key Equities Index Below ...Jagannadham Thunuguntla
"What is the guarantee that more liquidity would have stopped the fall in equity prices?" he asked, adding: On the other hand, adding more liquidity would have added to inflationary pressures and might lead to more problems for the real economy."
"There is a liquidity crisis globally and Indian markets are not immune to that," he said. "FIIS are selling ruthlesslessly to take out whatever money they can because yen carry trade has gone even more out of hand and they are under tremendous liquidity pressure in their home countries."
Sify Business Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Aussie Indo Lanka Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Pro Kerala Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
The Sensex index of the Bombay Stock Exchange closed 220 points lower, reflecting losses in banking, auto and energy stocks. The broader market also declined, with the midcap and small cap indices down over 1%. Foreign funds were net buyers, purchasing $37.4 million worth of scrips. Analysts said the market was seeing signs of slowing momentum and December is expected to be a slow month with trading volumes lower. Other Asian markets also closed lower while European markets recovered after an initial weakness.
News Kerala Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Sulekha Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
'There is a short-term nervousness in the market, owing to the China factor and the impact erratic monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
"What is the guarantee that more liquidity would have stopped the fall in equity prices?" he asked, adding: On the other hand, adding more liquidity would have added to inflationary pressures and might lead to more problems for the real economy."
"There is a liquidity crisis globally and Indian markets are not immune to that," he said. "FIIS are selling ruthlesslessly to take out whatever money they can because yen carry trade has gone even more out of hand and they are under tremendous liquidity pressure in their home countries."
Sindh Today Oct 23, 2008 Spreading Contagion Brings Key Equities Index Below ...Jagannadham Thunuguntla
"What is the guarantee that more liquidity would have stopped the fall in equity prices?" he asked, adding: On the other hand, adding more liquidity would have added to inflationary pressures and might lead to more problems for the real economy."
"There is a liquidity crisis globally and Indian markets are not immune to that," he said. "FIIS are selling ruthlesslessly to take out whatever money they can because yen carry trade has gone even more out of hand and they are under tremendous liquidity pressure in their home countries."
Sify Business Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Aussie Indo Lanka Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Pro Kerala Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
The Sensex index of the Bombay Stock Exchange closed 220 points lower, reflecting losses in banking, auto and energy stocks. The broader market also declined, with the midcap and small cap indices down over 1%. Foreign funds were net buyers, purchasing $37.4 million worth of scrips. Analysts said the market was seeing signs of slowing momentum and December is expected to be a slow month with trading volumes lower. Other Asian markets also closed lower while European markets recovered after an initial weakness.
News Kerala Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Sulekha Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Power electronics embedded power system titlesEcwaytechnoz
The document discusses various topics related to power electronics, power systems, embedded systems, LabVIEW, image processing, and VLSI. Some key areas covered include voltage control of smart transformers in microgrids, maximum power point tracking for photovoltaic systems, digital control of arc welding machines, battery chargers for electric vehicles, reactive power compensation in microgrids, wireless remote monitoring systems using Zigbee, online control of robots using fuzzy logic and virtual instrumentation, image processing techniques like optical flow estimation and structural texture similarity, and hardware designs like an FFT processor for MIMO-OFDM systems and self-repairing digital systems inspired by endocrine cellular communication.
This document discusses a proven masonry stain product from Masonry Cosmetics that can be used for staining, repairs, additions, and matching original masonry. The stain absorbs into masonry surfaces and its inorganic pigments ensure the color does not fade over long periods of 10-20 years. Competitor products often use acrylic paints that can trap moisture and blister over time, whereas Masonry Cosmetics can show numerous jobs demonstrating the long-term performance of their stain.
'There is a short-term nervousness in the market, owing to the China factor and the impact erratic monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
El documento habla sobre la primera clase y tres temas principales: como el águila a los 40 años, el hito de la renovación y hacer más motivador el aprendizaje.
Este documento presenta el resumen financiero del Gobierno Autónomo Descentralizado Parroquial Rural de Eugenio Espejo (GADPREE) para mayo-diciembre de 2014. Los ingresos totales fueron de $598,329.78 provenientes del Ministerio de Finanzas, el convenio MIES y el Gobierno Municipal de Otavalo. El presupuesto se distribuyó en gastos corrientes, de inversión de obras e inversión social. Se detallan varios proyectos de obras públicas, educación, cultura y deporte financ
This document discusses a proven masonry stain product from Masonry Cosmetics that can be used for staining, repairs, additions, and matching original masonry. The stain absorbs into masonry surfaces and uses inorganic pigments that will not fade, peel, crack, or blister over long periods of time as shown through examples of stain jobs lasting 10-20 years still looking great. Competitor products often use paints that can trap moisture and cannot demonstrate the same long-term performance through examples of older stain jobs.
The document analyzes the social media presence of several craft breweries. It evaluates what each brewery does well and areas for improvement on Facebook, Twitter, and Instagram. Real Ale, Thirsty Planet, Shiner, St. Arnold, Deep Ellum, Stone Brewery, Sierra Nevada, and Lagunitas are reviewed. Their use of photos, engagement, promotional content, and other factors are examined to identify best practices and opportunities for growth.
El documento habla sobre un curso educativo que permite mejorar las sesiones de clase y usar nuevas aplicaciones e ideas más allá de PowerPoint. El autor, un profesor de química, comentó que el curso es muy interesante y útil, y planea aplicar lo aprendido usando videos, imágenes y simuladores gráficos en flash para mejorar la enseñanza de temas como los fenómenos de la materia.
Newcastle Genetics is a family-run pig breeding and show pig operation in Oklahoma led by Andy Forehand. The operation focuses on breeding structurally correct and competitive show pigs. Andy's son Taylor now helps manage day-to-day operations like finishing and marketing pigs. Their goal is to breed pigs that will help 4-H and FFA members succeed in shows while staying true to producing high quality stock.
O documento discute como a maquiagem pode revelar aspectos da personalidade de uma pessoa. Ele fornece exemplos de como a ponta do batom pode indicar se alguém é animada, perfeccionista ou criativa. O documento também apresenta testes de personalidade sobre o uso de brilhos labiais e dicas sobre delineadores de olhos e máscaras para cílios.
O documento descreve que um público significativo gosta de cinema e assiste a filmes em DVD/Blu Ray e no cinema. Além disso, destaca que o UOL oferece cobertura dos principais eventos internacionais de cinema como o Oscar, Globo de Ouro e Festival de Berlim.
Khaja Shamsuddin Shameem has over 25 years of experience in facilities management and construction project management. He is currently a Senior Project Engineer for ASAS Real Estate, where he oversees maintenance, construction, and facilities for a large portfolio including towers, villas, warehouses, and buildings. Prior to his current role, he held project engineering and maintenance roles for Al Ghurair Construction, Reliable Building Maintenance, and Al Aqroobi Contracting Company. He has a bachelor's degree in civil engineering and additional training in quality management, site management, real estate finance, and languages.
El documento trata sobre la electrostática. Explica que los cuerpos pueden cargarse eléctricamente por fricción y que existen dos tipos de carga eléctrica: positiva y negativa. También describe que los conductores permiten la circulación de cargas eléctricas mientras que los aislantes la dificultan. Finalmente, resume la ley de Coulomb sobre las fuerzas entre cargas eléctricas.
'The markets are holding up despite the bad GDP (gross domestic product) numbers and things like the rupee hitting an all-time low. One cannot be sure of how long this resilience will continue though,' said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The message is loud and clear,” said Jagannadham Thunuguntla, chief executive of SMC Group, a brokerage firm based here. “The government seems to be saying that it has done as much as it could and there is no headroom left and has pretty much left corporates to fend for themselves.”
Power electronics embedded power system titlesEcwaytechnoz
The document discusses various topics related to power electronics, power systems, embedded systems, LabVIEW, image processing, and VLSI. Some key areas covered include voltage control of smart transformers in microgrids, maximum power point tracking for photovoltaic systems, digital control of arc welding machines, battery chargers for electric vehicles, reactive power compensation in microgrids, wireless remote monitoring systems using Zigbee, online control of robots using fuzzy logic and virtual instrumentation, image processing techniques like optical flow estimation and structural texture similarity, and hardware designs like an FFT processor for MIMO-OFDM systems and self-repairing digital systems inspired by endocrine cellular communication.
This document discusses a proven masonry stain product from Masonry Cosmetics that can be used for staining, repairs, additions, and matching original masonry. The stain absorbs into masonry surfaces and its inorganic pigments ensure the color does not fade over long periods of 10-20 years. Competitor products often use acrylic paints that can trap moisture and blister over time, whereas Masonry Cosmetics can show numerous jobs demonstrating the long-term performance of their stain.
'There is a short-term nervousness in the market, owing to the China factor and the impact erratic monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
El documento habla sobre la primera clase y tres temas principales: como el águila a los 40 años, el hito de la renovación y hacer más motivador el aprendizaje.
Este documento presenta el resumen financiero del Gobierno Autónomo Descentralizado Parroquial Rural de Eugenio Espejo (GADPREE) para mayo-diciembre de 2014. Los ingresos totales fueron de $598,329.78 provenientes del Ministerio de Finanzas, el convenio MIES y el Gobierno Municipal de Otavalo. El presupuesto se distribuyó en gastos corrientes, de inversión de obras e inversión social. Se detallan varios proyectos de obras públicas, educación, cultura y deporte financ
This document discusses a proven masonry stain product from Masonry Cosmetics that can be used for staining, repairs, additions, and matching original masonry. The stain absorbs into masonry surfaces and uses inorganic pigments that will not fade, peel, crack, or blister over long periods of time as shown through examples of stain jobs lasting 10-20 years still looking great. Competitor products often use paints that can trap moisture and cannot demonstrate the same long-term performance through examples of older stain jobs.
The document analyzes the social media presence of several craft breweries. It evaluates what each brewery does well and areas for improvement on Facebook, Twitter, and Instagram. Real Ale, Thirsty Planet, Shiner, St. Arnold, Deep Ellum, Stone Brewery, Sierra Nevada, and Lagunitas are reviewed. Their use of photos, engagement, promotional content, and other factors are examined to identify best practices and opportunities for growth.
El documento habla sobre un curso educativo que permite mejorar las sesiones de clase y usar nuevas aplicaciones e ideas más allá de PowerPoint. El autor, un profesor de química, comentó que el curso es muy interesante y útil, y planea aplicar lo aprendido usando videos, imágenes y simuladores gráficos en flash para mejorar la enseñanza de temas como los fenómenos de la materia.
Newcastle Genetics is a family-run pig breeding and show pig operation in Oklahoma led by Andy Forehand. The operation focuses on breeding structurally correct and competitive show pigs. Andy's son Taylor now helps manage day-to-day operations like finishing and marketing pigs. Their goal is to breed pigs that will help 4-H and FFA members succeed in shows while staying true to producing high quality stock.
O documento discute como a maquiagem pode revelar aspectos da personalidade de uma pessoa. Ele fornece exemplos de como a ponta do batom pode indicar se alguém é animada, perfeccionista ou criativa. O documento também apresenta testes de personalidade sobre o uso de brilhos labiais e dicas sobre delineadores de olhos e máscaras para cílios.
O documento descreve que um público significativo gosta de cinema e assiste a filmes em DVD/Blu Ray e no cinema. Além disso, destaca que o UOL oferece cobertura dos principais eventos internacionais de cinema como o Oscar, Globo de Ouro e Festival de Berlim.
Khaja Shamsuddin Shameem has over 25 years of experience in facilities management and construction project management. He is currently a Senior Project Engineer for ASAS Real Estate, where he oversees maintenance, construction, and facilities for a large portfolio including towers, villas, warehouses, and buildings. Prior to his current role, he held project engineering and maintenance roles for Al Ghurair Construction, Reliable Building Maintenance, and Al Aqroobi Contracting Company. He has a bachelor's degree in civil engineering and additional training in quality management, site management, real estate finance, and languages.
El documento trata sobre la electrostática. Explica que los cuerpos pueden cargarse eléctricamente por fricción y que existen dos tipos de carga eléctrica: positiva y negativa. También describe que los conductores permiten la circulación de cargas eléctricas mientras que los aislantes la dificultan. Finalmente, resume la ley de Coulomb sobre las fuerzas entre cargas eléctricas.
'The markets are holding up despite the bad GDP (gross domestic product) numbers and things like the rupee hitting an all-time low. One cannot be sure of how long this resilience will continue though,' said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
“The message is loud and clear,” said Jagannadham Thunuguntla, chief executive of SMC Group, a brokerage firm based here. “The government seems to be saying that it has done as much as it could and there is no headroom left and has pretty much left corporates to fend for themselves.”
The Sentinel Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Yahoo News Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Silicon India Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Latest News Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
South Asia News Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
'Today's correction is kind of routine. At these levels, it will be difficult to maintain momentum and the markets have been showing signs of slowing down since the past month,' said Jagannadham Thunuguntla, equity head at brokerage firm SMC Capitals.
Manglorean Dec 15, 2009 Sensex 220 Points Down; Banking, Auto Stocks LoseJagannadham Thunuguntla
The Sensex index of the Bombay Stock Exchange closed 220 points lower, reflecting losses in banking, auto and energy stocks. The broader market also declined, with midcap and small cap indices down over 1%. Trading was damp across major Asian markets as well, with the Hang Seng down 1% and the Nikkei falling 0.22%, while European markets opened weak but recovered later in the day.
“The message is loud and clear,” said Jagannadham Thunuguntla, chief executive of SMC Group, a brokerage firm based here. “The government seems to be saying that it has done as much as it could and there is no headroom left and has pretty much left corporates to fend for themselves.”
“The message is loud and clear,” said Jagannadham Thunuguntla, chief executive of SMC Group, a brokerage firm based here. “The government seems to be saying that it has done as much as it could and there is no headroom left and has pretty much left corporates to fend for themselves.”
“Markets are certainly looking at election results with some apprehension, but what is also true is that they are in for a correction. Elections might act as the trigger for such a correction,” said Jagannadham Thunuguntla, equity head at SMC Capitals.
- The Indian stock market indices plunged on Monday, with the Sensex losing 0.5% to settle below 26,000 points. The real estate sector was the top laggard.
- In global markets, US stocks slipped due to disappointing corporate earnings, while Asian and European markets traded mixed on tensions in Ukraine and the Middle East.
- Key Indian companies such as Hindustan Unilever and Central Bank of India reported higher quarterly profits, but their stock prices ended mixed.
IndiaeNews Dec 1, 2008 Equities Erase Gains, Key Index Sheds 252 PointsJagannadham Thunuguntla
“There is now so much uncertainty that the only thing certain is uncertainty”, said Jagannadham Thunuguntla, director of the country's fourth largest share brokerage firm, the Delhi-based SMC Group.
The markets are, therefore, searching for direction as there are so many issues to understand - global economic slowdown, geopolitical issues as well as domestic political issues, Thunuguntla said trying to explain Monday's volatility, which saw the Sensex end up losing nearly 500 points from the intra-day high of 9,326.68 points.
Also today's trading shows the market has not forgotten the fundamental global economic and financial situation which is far from encouraging, he said.
The Sensex recovered slightly from earlier losses despite the rupee nearing record lows against the dollar. Key sectors like metals and IT gained as major companies reported quarterly earnings. However, real estate and banking stocks declined. Several technology and materials companies saw share prices rise after posting increased quarterly profits, while steel and telecom companies fell after reporting losses. The rupee continued weakening against the dollar despite measures from the Reserve Bank of India to support the currency.
'The markets are holding up despite the bad GDP (gross domestic product) numbers and things like the rupee hitting an all-time low. One cannot be sure of how long this resilience will continue though,' said Jagannadham Thunuguntla, chief executive of New Delhi-based brokerage firm SMC Group.
Similar to Headlines Sept 2, 2009 Sensex Closes 0 (15)
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
1. Sensex closes 0.74 percent down
Tue, Sep 1 05:15 PM
Mumbai, Sep 1 (IANS) A key index of the Indian equities markets closed at a loss the second
consecutive day, ending Tuesday 115 points lower than its previous closing figure as realty, metal
and power stocks came under selling pressure.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at
15,691.27 points, ended at 15,551.19 points, down 115.45 points or 0.74 percent. It had risen
256.45 points to 15,923.09 points in the afternoon.
The broader-based Nifty of the National Stock Exchange (NSE) aped the Sensex and closed lower
at 4,625.35 points, down 0.79 percent.
Greater selling was seen in mid- to small-market capitalised scrips, resulting in the BSE midcap
index ending 1.45 percent lower and the BSE smallcap index closing 1.51 down.
The market breadth was negative, with 1,151 stocks advancing, 1,658 declining and 62 remaining
unchanged.
'There is a short-term nervousness in the market, owing to the China factor and the impact erratic
monsoon will have,' said SMC Capitals equity head Jagannadham Thunuguntla.
'But these will surely pass. All in all, the markets will continue to move up because India is one of
the few attractive destinations for foreign money,' added Thunuguntla.
Among the gainers were Maruti Suzuki, up 7.61 percent at Rs.1,545.95; Tata Motors, up 5.82
percent at Rs.517.85; Hero Honda, up 1.55 percent at Rs.1,534.75; and Wipro, up 1.5 percent at
Rs.559.
The leading losers were ACC, down 3.62 percent at Rs.779.45; Sterlite, down 2.88 percent at
Rs.655.85; HDFC, down 2.49 percent at Rs.2,412.95; and BHEL, down 2.31 percent at
Rs.2,261.20.
Other important Asian markets ended on marginal gains with the Nikkei, a key index of the
Tokyo Stock Exchange, closing 37.53 points higher at 10,530.06 points, 0.36 percent up from its
previous close.
2. At the Shanghai Stock Exchange, the SSE Composite index ended 0.6 percent up at 2,683.72
points, after losing almost 7 percent Monday.
The primary index of the Hong Kong Stock Exchange, Hang Seng, too closed higher at 19,872.3
points, up 148.11 points or 0.75 percent.
But major European exchanges slipped into the red after a green start. In Britain, the FTSE 100
index was ruling 1.26 percent lower at 4,846.86 points, while its French peer, the CAC 40, was
down 0.94 percent at 3,619.34 points.
Germany's DAX was also ruling negative at 5,378.86 points, down 1.45 percent.