Crypto industry insiders got their first look at the revised market structure bill in the Senate, and the opening impression was that the language on allowable stablecoin yield was overly narrow and unclear, according to a person familiar with the current draft. The new language, which was announced Friday by Senators Angela Alsobrooks and Thom…
NEW DELHI: Govt is looking to introduce at least two bills – including constitutional amendments – in the current session of Parliament to roll out reservation for women of one-third seats in the next Lok Sabha poll and assembly elections to be held after it. The move promises to change the country’s political landscape and…
Marc Rowan, chief executive officer of Apollo Global Management LLC, during a Bloomberg Television interview in New York, US, on Tuesday, Dec. 5, 2023. Jeenah Moon | Bloomberg | Getty Images Apollo, the asset management giant, told investors in its flagship private credit fund that it will limit withdrawals this quarter to just under half…
A new venture capital firm focused on prediction markets is launching with backing from Polymarket founder and CEO Shayne Coplan and Kalshi co-founder and CEO Tarek Mansour, Bloomberg reported. The firm, called 5c(c) Capital (named after a section of the Commodity Exchange Act that governs prediction markets) may be the first venture fund built specifically…
NEW DELHI: Two Indian-flagged LPG tankers, carrying around 92,600 tonne of cooking gas, crossed the war-hit Strait of Hormuz on Monday evening. The ships – Jag Vasant and Pine Gas – are likely to reach ports between Thursday and Saturday, the shipping ministry said.With this, four Indian-flagged vessels have sailed through the conflict-hit choke point…
MUMBAI: The rupee closed at a record 93.98/$ on Monday, down 35 paise from its previous close of 92.63. In the process, it breached its prior low of 93.73 and briefly slipped past 94 after market hours. Sensing the impact of the West Asia conflict on the Indian economy through inflation, growth and current account…
TOI correspondent from London: Fugitive jeweller Nirav Modi appeared in person at the London circuit commercial court on Monday to fight another legal battle — a claim against him of over Rs 100 crore by Bank of India.He was a litigant in person until last week, but at the eleventh hour hired a barrister, Vivek…
MUMBAI: The board of markets regulator Sebi on Monday approved some major changes to the disclosure rules governing the chairman, whole time members (WTMs) and other senior officials of the body. These changes, including public disclosure of their own assets and liabilities, and of their family members, were mostly based on the recommendations of the…
NEW DELHI: Indicating a slowdown in expansion plans of India Inc, the private sector capex by large firms is expected to fall nearly 17% next year, after a strong showing in 2025-26, reflecting a more cautious stance amid global uncertainty, a survey by statistics ministry released Monday showed. The second edition of the forward-looking survey…
Bitcoin BTC$70,830.49 held onto gains Monday after an early surge above $70,000, but the rebound’s fate now hinges on what’s next between the U.S. and Iran. The move followed U.S. President Donald Trump’s announcement of a five-day pause on strikes against Iranian energy infrastructure, citing “productive” diplomatic talks. Iranian officials denied the existence of talks,…
