Payments company PayPal (PYPL) applied for a Utah industrial bank license, it said Monday, with the goal of creating a lending arm called PayPal Bank. The company, which also operates the PYUSD stablecoin through a partnership with Paxos, said in a press release it intends to “provide business lending solutions” to small businesses and interest-bearing…
New Delhi: For the first time, govt proposed a graded penalty regime for higher education institutions, with fines ranging Rs 10-75 lakh for repeated violations, suspension of degree-awarding powers and closure, while illegal institutions could face Rs 2 crore penalty and immediate shutdown, with safeguards to protect enrolled students.The proposed Viksit Bharat Shiksha Adhishthan Bill,…
Indian-origin Congresswoman Pramila Jayapal criticised President Trump’s tariffs on Indian goods, saying they are raising prices for Americans and also pushing India closer to other global powers. In a post on X, Jayapal said, “Trump’s tariffs on India aren’t only raising prices for Americans — they are pushing India away as a trading ally and…
Pain for crypto bulls persisted on Monday as bitcoin BTC$86,156.49 remained sharply lower during U.S. afternoon trading amid growing investor uncertainty surrounding the macroeconomic outlook. Just after the close of U.S. stock trading, bitcoin was lower by 3% over the past 24 hours to $86,000. XRP$1.8984, ether ETH$2,942.59 and solana SOL$126.01 all fell more than…
NEW DELHI: Delhiites woke up to winter’s first dense fog on Monday, with visibility dropping to zero in the city. There was havoc at Delhi airport as departures remained suspended for nearly five hours from 4am to 9am when visibility was below 100m.As many as 228 flights – 131 departures, 97 arrivals – were cancelled,…
When SpaceX eventually goes public, the long-anticipated offering is expected to be the largest IPO ever, reshaping valuations across the aerospace industry and delivering a rare blockbuster deal for Wall Street. The Elon Musk -led space launch company is preparing to go public next year, reportedly targeting a valuation of about $1.5 trillion , potentially…
A fresh sweep against tax fraud has uncovered 489 bogus GST registrations in just six months, with forged PAN and Aadhaar details used to evade over Rs 3,000 crore in taxes, the government told Parliament on Monday, signalling a sharper focus on data-led enforcement, according to PTI.The latest detections, covering April to October, come even…
Prime Minister Narendra Modi met Jordan’s King Abdullah II bin Al Hussein at the Husseiniya Palace in Amman on Monday for delegation-level talks, marking his first bilateral visit to Jordan in 37 years. The leaders discussed bilateral relations, regional issues, and counter-terrorism efforts while celebrating 75 years of diplomatic ties between the two nations.The meeting…
India is well placed to attract large-scale investments in data centres as the country faces no shortage of electricity and its national power grid is capable of meeting future demand surges, Union minister Piyush Goyal said on Monday, ANI reported.Addressing a press conference on the energy sector, Goyal said India’s integrated national grid of 500…
France’s last-minute opposition and mounting farmer protests are threatening to derail the European Union’s long-delayed free-trade agreement with South America’s Mercosur bloc, raising fresh doubts over whether the pact can be signed this year, AP reported.Angry European farmers, fearing cheaper agricultural imports and tougher competition, have taken to the streets in Brussels just as EU…
