South Korea is preparing to impose bank-level, no-fault liability rules on crypto exchanges, holding exchanges to the same standards as traditional financial institutions amid the recent breach at Upbit. The Financial Services Commission (FSC) is reviewing new provisions that would require exchanges to compensate customers for losses stemming from hacks or system failures, even when…
IndiGo crisis enters its sixth day as passengers remain stranded at major airports (ANI) NEW DELHI: Civil aviation minister Ram Mohan Naidu, in response to Rahul Gandhi’s remark, stated that the government has consistently promoted competition in the aviation sector to promote the entry of more airlines in the market. He highlighted recent legislation aimed…
NEW DELHI: Ministry of new and renewable energy (MNRE) has said that it has not asked lenders to pause financing for renewable energy (RE) projects, amid concerns over excess domestic solar manufacturing capacity.In a statement issued on Sunday, MNRE said it has only shared the current status of domestic solar manufacturing capacity with the department…
As IndiGo battles an unprecedented operational crisis, the airline said its Board of InterGlobe Aviation is doing “everything possible” to ensure refunds for cancelled flights. The parent company has also set up a Crisis Management Group to monitor the situation, PTI reported. The operational crisis that has spanned across the sixth day has prompted both…
With the Bank of Japan (BOJ) expected to hike rates next week, some observers are worried that the Japanese yen could surge, triggering an unwinding of “carry trades,” crushing bitcoin. Their analysis, however, overlooks actual positioning in the FX and bond markets, missing the nuance and far more likely risk that Japanese yields, by anchoring…
Netflix’s takeover of Warner Bros Discovery has shaked up not just Hollywood but also caused India’s cinema industry. Multiplex Association of India (MAI) recently warned that the latest bout of consolidation could undermine the country’s theatrical ecosystem. The association has highlighted a worrying trend: global streaming platforms purchasing major studios. According to MAI, the shift…
Union minister of new and renewable energy Pralhad Joshi (ANI Photo) Highlighting India’s clean energy expansion, Joshi stated that the country’s solar capacity grew from 2.8 GW to around 130 GW in the last 11 years, registering a rise of more than 4,500%. He added that India contributed 46 GW to global solar additions between…
Bitcoin can no longer be compared to the “Tulip Bubble” due to its endurance and resilience over the years, according to Eric Balchunas, Bloomberg’s exchange-traded fund expert. “I personally would not compare Bitcoin to tulips, no matter how bad the sell-off,” said the senior ETF analyst on Sunday. Balchunas pointed out that the tulip market…
4 tourists among 25 killed in the tragic night club fire in Goa NEW DELHI: 4 tourists are among those killed in the Goa nightclub fire. Goa police have confirmed 25 deaths and six injuries due to the mishap. At least 100 people were on the dance floor of a nightclub in North Goa when…
Prime Minister Narendra Modi (ANI Photo) Prime Minister Narendra Modi on Sunday expressed deep grief over the Arpora nightclub fire tragedy in Goa and announced an ex-gratia of Rs 2 lakh each for the families of those who died. The injured will receive Rs 50,000 from the Prime Minister’s National Relief Fund (PMNRF).In a post…
