MUMBAI: A record-breaking rally on Wall Street on Thursday night, on the back of a quarter percentage point cut in interest rates by the US central bank the day before, boosted investor sentiment on Dalal Street on Friday that propelled sensex above the 85K mark again. At close, the sensex was up 450 points at…
A California jury ordered Johnson & Johnson to pay $40 million to two women who claimed its talc-based baby powder caused their ovarian cancer. The women testified that decades of use led to major surgeries and chemotherapy. Johnson & Johnson plans to appeal, stating the verdict is aberrant and lacks evidence. A California jury on…
NEW DELHI: Former law and justice secretary Raj Kumar Goyal is learnt to have been chosen as the chief information commissioner (CIC). The Central Information Commission will also have eight new information commissioners, including two women – former Railway Board chairperson Jaya Varma Sinha and legal expert and Petroleum and Natural Gas Regulatory Board member…
Binance is set to explore the tokenization of up to $2 billion in bonds, treasury bills and commodity reserves in Pakistan, Reuters reported on Friday. The memorandum of understanding (MOU) with the world’s largest crypto exchange by trade volume highlights Pakistan’s push to use blockchain technology to unlock liquidity and attract foreign investment as it…
MUMBAI: Linking Fastag with motor insurance can sharply reduce the number of uninsured vehicles and help govt recover nearly Rs 18,000 crore in GST revenue, General Insurance Council chairman and Bajaj General Insurance’s MD & CEO Tapan Singhel said. He said insurers have complete visibility of uninsured vehicles and the challenge is in enforcement. Integrating…
MUMBAI: New York-based alternative asset manager Brookfield is lining up investments worth over $1 billion (around Rs 9,000 crore) to set up a global capability centre (GCC) in Mumbai, raising its bets on India. The GCC, which will be Asia’s largest, is being developed through an agreement between Mumbai Metropolitan Region Development Authority (MMRDA) and…
A 12,000-page chargesheet has been filed in the Zubeen Garg death case, with four individuals, including a woman, accused of murder. The investigation into the incident off Singapore’s St John’s Island on September 19 has established motive and conspiracy. The Assam Chief Minister expressed confidence in securing a conviction and plans for a fast-track court….
NEW DELHI: Investment management firm Fidelity International has acquired a 6.3% stake in e-commerce firm Meesho, according to regulatory filings. Fidelity’s stake is valued at around Rs 3,155 crore based on the issue price of Rs 111 apiece. Meesho shares listed at over a 53% premium on Wednesday. Agencies Source link
NEW DELHI: Finance ministry’s initiative to improve grievance redressal, which began in June this year has significantly improved performance of public and private sector entities, the ministry said on Friday.It had put in place a ranking system for banks and public sector insurance companies based on quality and timely resolution of complaints. Ranking of private…
Five digital asset firms have received conditional approvals Friday to become federally chartered trust banks by the Office of the Comptroller of Currency (OCC) in a major step to bring U.S. dollar stablecoin issuers under federal regulatory oversight. Blockchain firm Ripple and Circle’s (CRCL) First National Digital Currency Bank are on the list, which also…
