Cybercrime tricks: With the rising number of cybercrimes in the country, India’s largest bank, the State Bank of India, has issued an advisory outlining possible ways in which fraudsters can trick customers. 10 common cybercrime tricks TRAI Phone Scam: Some fraudsters may threaten to suspend your mobile services over allegations of illegal activities or KYC non-compliance. However, the Telecom Regulatory Authority of India (TRAI) does not suspend mobile services; only telecom companies can do so. 2. Parcel stuck at customs: Scammers will call you and claim that a parcel for you has been stuck at customs as it contains illegal goods. They might demand a fine regarding this issue. If you get a call regarding a parcel stuck at customs, you should report the number immediately. 3. Digital arrest: This type of scam has become very common these days. In a digital arrest, fraudsters will pose as fake police officials and threaten to interrogate you over fake criminal activity. Make note that, in reality, the police do not conduct digital arrests or online interrogations. 4. Family member arrested: Some scammers may demand payment over the arrest of a family member or a relative. If you receive a call claiming this,

Oil prices settled little changed on Friday as markets weighed Chinese demand and interest rate-cut expectations after data showed cooling U.S. inflation. Brent crude futures closed up 6 cents, or 0.08%, at $72.94 a barrel. U.S. West Texas Intermediate crude futures rose 8 cents, or 0.12%, at $69.46 per barrel. Both benchmarks ended the week down about 2.5%. The U.S. dollar retreated from a two-year high, but was heading for a third consecutive week of gains, after data showed cooling U.S. inflation two days after the Federal Reserve cut interest rates but trimmed its outlook for rate cuts next year. Source link

Market veterans and several fund managers of some of India’s top fund houses believe the Indian stock market remains well-positioned to grow despite global challenges and risks arising from sticky inflation and elevated interest rates. Most of them believe the slowdown in the Indian economy, observed during the first half of the current financial year, could fade away with increased capital expenditure from the government and corporates. Some of them emphasise that the revival of consumption and investment will be the key triggers for the Indian stock market next year. Also Read | RBI MPC Minutes: Inflation-growth balance unsettled; 5 key highlights Bullish on the Indian stock market Fund managers are bullish on the Indian stock market as they don’t see any structural issue with the Indian economy.  Even though the latest macroeconomic numbers indicate that economic growth is slowing, fund managers seem less perturbed. They view the economic weakness as cyclical, largely attributed to low government spending due to national and key state assembly elections, as well as an erratic monsoon. They expect that, with the monsoon behind us, increased government spending and consumption will boost the economy in the second half of the year. “The Indian economy may

New Delhi, Dec 21 (PTI) Housing sales are estimated to fall 21 per cent annually across nine major cities during October-December period to 1.08 lakh units on high base effect, according to PropEquity. Real estate data analytics firm PropEquity on Saturday released the sale numbers for India’s top nine housing markets — Delhi-NCR , Mumbai, Navi Mumbai, Kolkata, Bengaluru, Pune, Hyderabad, Chennai, Thane. It has estimated sales to rise only in Delhi-NCR. As per the data, the total sales of residential properties across the nine cities are likely to decline to 1,08,261 units in the current quarter as against 1,37,225 units in the same period last year. However, sales are likely to rise 5 per cent from 1,03,213 units in the preceding September quarter. Samir Jasuja, CEO & Founder of PropEquity, said the sales have declined on annual basis because of high base effect. He said the sales are likely to rise quarter-on-quarter on the back of festive demand. “A closer look at the numbers reveals that despite the drop, the supply to absorption ratio in 2024 remains the same as in 2023 which indicates that the fundamentals of the real estate sector are strong and healthy,” Jasuja said. Housing

Mukul Agrawal portfolio: PTC Industries’ share price has remained under base-building mode for nearly six months. However, this Mukul Agrawal portfolio stock is still 75 per cent up in year-to-date (YTD) time. However, PTC Industries share has witnessed some buying interest every time it came close to the ₹11,000 apiece mark in recent sessions, signalling the possibility of bottoming out at around ₹11,000 per share mark. According to ICICI Securities research report, after the Trac acquisition, the stock is expected to witness some value picking. The brokerage has given a ‘buy’ tag to this Mukul Agrawal stock, predicting a long-term target price of ₹20,070 per share. Trac acquisition in focus On how Trac acquisition would impact PTC Industries share price, ICICI Securities said, “Trac’s manufacturing infrastructure includes advanced 5-axis and 3-axis CNC grinding capabilities, electro-discharge machining (EDM), deep hole drilling, fusion welding, airflow testing and surface treatment technologies, supported by its own internal tooling manufacture. Trac’s core competency is in manufacturing high-value, complex components such as high-pressure and low-pressure turbine blades, nozzle guide vanes, heat shields and seal segments for aero engines, industrial gas turbines, and defence systems, catering to the major OEMs and engine programmes globally, including Rolls Royce,

Top News The Securities and Exchange Board of India (SEBI) has proposed a platform called MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) to help investors reconnect with their forgotten or unclaimed mutual fund investments. MITRA will assist individuals in tracing inactive or lost mutual fund folios, ensuring that no hard-earned money is left behind. This initiative is especially beneficial for families looking to retrieve investments of deceased loved ones. With MITRA, SEBI aims to simplify the recovery process, promote transparency, and empower investors to regain control over their wealth, fostering trust in mutual fund investments. SEBI has introduced a new rule for Asset Management Companies (AMCs) to ensure the timely deployment of funds raised through New Fund Offers (NFOs). Under this directive, AMCs must allocate the collected funds within a strict 30-day timeframe. If they fail to do so, investors will have the freedom to withdraw their money from the scheme without facing any exit load charges. It provides investors with greater flexibility and safeguards against unnecessary delays in fund utilization. Vishal Mega Mart debuted with a listing at ₹104, a premium of 33.4% over its issue price of ₹78. Sai Life Sciences followed suit, listing at ₹650, an