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Time of India
3 hours ago
- Time of India
Terrorists using e-commerce, crypto and social media to raise funds, FATF warns
The FATF report highlights the increasing misuse of e-commerce, social media, and online payments for terror financing, noting gaps in countries' abilities, including India, to understand and counter these trends. Terrorists are adapting by integrating digital technologies with conventional methods, using Chinese apps, crypto, and the Darknet. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: A new report by the Financial Action Task Force (FATF) on Tuesday flagged misuse of ecommerce platforms, social media and online payment services to fund terror activities. "Serious and evolving terrorist financing risks have been highlighted with a warning on gaps in countries including India and their abilities to fully understand terrorism financing trends and respond effectively," the latest report stated."Today's report outlines current and evolving methods employed by terrorist organisations and individuals to raise, move, store and use funds and assets, including cash transportation, hawala and other similar service providers, money value transfer services, online payment services, formal financial services, digital platforms (including social media such as Facebook, Telegram and crowdfunding features), virtual assets and the abuse of legal entities, such as shell companies, trusts and non-profit organisations (NPOs)," FATF said in a news of Chinese apps, crypto wallets, satellite phones and the Darknet has been flagged by India's National Investigation Agency and Narcotics Control Bureau in multiple investigations, including the Rameswaram Cafe blast (2024), Pulwama attack (2019), Laos cyber slavery case, Bihar-Nepal FICN seizures and the ISIS radicalisation probe (2020).Investigators suspect use of Chinese apps during the Pahalgam attack in April this year. After Operation Sindoor, several clear signs of Chinese and Turkey-made technology, radars and fighter jets had come to light.A marked increase in the mixed use of diverse methods of financing and the integration of digital technologies with conventional techniques were adding new layers of complexity to terrorism financing, the antiterror watchdog noted: "The threat posed by lone individuals - often younger in age - is rising, with such actors relying on microfinancing strategies drawn from licit sources and petty crimes, as well as technology-enabled methods, including gaming and social media features."The report added, "Tracing financial trails related to increasingly frequent ethnically, racially or politically motivated terrorist attacks comes with its own set of challenges, including inconsistent designations and proscriptions, as well as low scale and visibility of financial activity in the preparation of attacks."The report, Comprehensive Update on Terrorist Financing Risks, reveals terrorists' persistent ability to exploit the international financial system to support their activities and carry out attacks. With terror financing methods varying depending on several factors and contexts, the report highlights terrorists' adaptability, underscoring the need for risk-based counter-terrorist financing measures.
Hans India
5 hours ago
- Hans India
Nifty eyes record highs as late rally sparks optimism; All eyes on US trade deal
After a sluggish start on July 9, the Nifty 50 rebounded impressively, closing near the day's high and gaining 61 points to end at 25,522. A late-session rally—fueled by renewed interest in largecap financials—helped the index break out of a narrow trading range, with analysts now eyeing a potential push towards record highs. Financial giants like Kotak Mahindra Bank, which surged over 3% following a strong Q1 update, were instrumental in lifting market sentiment. Other top gainers included Eternal and Asian Paints, while Titan, Dr. Reddy's, and Bajaj Auto dragged the index, with Titan tumbling nearly 6% on weak jewellery segment performance. The broader markets mirrored the recovery. Despite early losses, the Nifty Midcap 100 slipped only 0.17%, while the Smallcap 100 fell by just 0.29%, signaling a broad-based bounce-back. Sectoral performance was mixed. Nifty Realty, Financial Services, and Private Banks led the gainers, while Consumer Durables, Pharma, and Healthcare saw profit booking. In thematic plays, textile stocks gained sharply after the US imposed a 35% tariff on Bangladesh, raising hopes for increased Indian exports. AMC stocks also saw action following SEBI's proposal to ease mutual fund norms under tighter regulations. Foreign institutional investors (FIIs) continued to sell in the cash market, while domestic institutional investors (DIIs) stepped in as net buyers, cushioning the fall. Market experts remain bullish. Siddhartha Khemka of Motilal Oswal highlighted improving sentiment driven by trade deal hopes and the upcoming earnings season. Technically, analysts see key resistance levels ahead. HDFC Securities' Nandish Shah noted that Nifty has been forming higher highs and lows, with resistance at 25,669. A breakout could target the 26,000 mark, while 25,331 is the support. LKP Securities' Rupak De pointed to a bullish setup on the charts, citing a green candle forming after a hammer and doji pattern—often a signal of further upside. He placed resistance at 25,600–25,800 and support around 25,400. Angel One's Rajesh Bhosale added that a move above 25,700 could trigger fresh highs, with 25,300–25,450 acting as a buffer zone on the downside. Nagaraj Shetti of HDFC Securities echoed the positive trend, saying a breakout above 25,700 may push Nifty towards the 26,000–26,200 zone. Immediate support lies at 25,425. As global cues, especially the US trade negotiations, remain pivotal, traders are advised to watch key levels for the next leg of market movement.
India Gazette
6 hours ago
- India Gazette
Sensex, Nifty recovered on anticipation of mini trade deal with US: Experts
Mumbai (Maharashtra) [India], July 8 (ANI): The Indian stock markets on Tuesday ended higher, recovering from the flat opening due to the news of a possible mini trade deal between India and the United States late in the night. Stock markets opened under pressure as concerns over US President Donald Trump's fresh tariff measures took center stage. At the end of the trading session, the Sensex was up 270.01 points or 0.32 per cent, at 83,712.51, and the Nifty was up 61.20 points or 0.24 per cent, at 25,522.50. The Financial heavyweights helped Nifty and Nifty Bank close in the green. Kotak Bank remained the top gainer and rose over 3 per cent on a strong first-quarter update. Tital was the top Nifty loser, down 6 per cent after reporting below-estimate jewellery business growth. 'Today marked the third day the Nifty had opened and closed the market within a narrow range of 25,400 to 25,500. This shows the market is waiting for a trigger before the next move at the index level,' said VLA Ambala, Co-Founder of Stock Market Today. 'The market remained in an uptrend position, showing no signs of reversal, but volatility is expected as crude, gold, and dollar prices may fluctuate due to the outcome of Donald Trump's trade deal,' she said. Observing the markets, Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity - Ashika Stock Broking, said despite global uncertainties stemming from U.S. President Donald Trump's announcement of 25-40 per cent tariffs on 14 nations, the Indian equity markets opened flat and traded largely sideways throughout the session 'Trump Tariffs occupied centre stage, on expected lines, on Monday, as letters detailing tariffs were issued to 14 countries. Markets reacted slightly and were not in the panic mode of April 2nd to April 9th. Over the past 90 days, the markets have become more resilient, looking past the Trump policy ambiguity to Trump actions,' Ajay Bagga, Banking and Market Expert, told ANI. He added, 'The big takeaway on Monday was that the July 9th tariff imposition deadline has been moved to August 1st. This gives 23 more days for further negotiations, even to the 14 countries that were sent letters on Monday imposing tariffs.' (ANI)
