MUMBAI: In one of the most significant orders against a stock market influencer, Sebi on Thursday directed to impound Rs 546.2 crore from Avadhut Sathe Trading Academy and Avadhut Sathe together. Sebi also asked the entities to stop “offering unregistered investment advisory and research analyst services”. They have also been barred from the market till…
MUMBAI: Reserve Bank of India has expanded the range of free services that any customer can receive from a zero-balance zero-fee basic savings bank deposit account, directing lenders to treat the product as a normal savings service rather than a stripped-down alternative.Banks have also been directed to convert existing accounts into BSBD accounts if they…
Bitcoin BTC$93,325.36 is once again behaving differently from the traditional risk asset complex, and the latest divergence may be sending an important signal.Negative correlation between bitcoin and the Nasdaq 100 has often aligned with market bottoms for bitcoin, and the current setup looks similar to several past turning points. This is now the fourth time…
Piyush Goyal (File photo) NEW DELHI: Commerce and industry minister Piyush Goyal Thursday called for a need to balance bilateral trade with Russia, which is heavily tilted in Moscow’s favour due to large imports of crude petroleum and fertiliser.India exported goods worth under $5 billion last year, comprising largely of machinery, pharma and chemicals, while…
AHMEDABAD: An IndiGo Madinah-Hyderabad flight with more than 180 passengers and six crew members made an emergency landing at Ahmedabad’s Sardar Vallabhbhai Patel International airport Thursday after an alleged bomb threat mid-air. It later turned out to be a hoax.Crew allegedly got a message claiming that an explosive device had been planted in the aircraft….
MUMBAI: The rupee closed at 89.98 a day after breaching the 90 mark against the greenback. Dollar sales by foreign banks and likely inflows halted a six-session decline in the domestic currency.The rupee hit 90.42 intraday before closing higher. Wider trade deficits, weak investment flows and stalled US trade talks have slowed inflows and pushed…
Anthony Noto, CEO of SoFi, speaking with CNBC at the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 10th, 2025. David A. Grogan | CNBC SoFi shares fell almost 6% in extended trading Thursday after the fintech company announced a $1.5 billion stock offering. The company, which provides online…
Union minister Nitin Gadkari speaks in Lok Sabha (ANI) NEW DELHI: On an average, 485 people died in road crashes every day in 2024, with total fatalities reaching 1.77 lakh, according to road transport ministry told Lok Sabha on Thursday. National Highways (NHs), which account for barely 2% of India’s road network, recorded 54,443 fatalities…
Deutsche Börse Group (DBG) and Kraken announced on Thursday that they are combining forces, signaling a clear acceleration of institutional cryptocurrency adoption in the Eurozone. “This partnership is the clearest signal yet that institutional adoption is accelerating, and that Europe intends to compete on equal footing with Wall Street as this transformation moves from millions…
PM Modi with Russia’s Putin NEW DELHI: Russian President Vladimir Putin’s arrival in New Delhi for the bilateral summit triggered a massive security build-up on Thursday, turning critical zones of the capital into a multilayered defensive perimeter. Sources said the protocols in place during G20 summit-2023 have been replicated to ensure safety of the dignitaries.Central…
