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BitMine Immersion Technologies (BMNR), an Ethereum treasury company led by Fundstrat co-founder Tom Lee, is borrowing a page from Strategy’s financing playbook and launching a $300 million preferred stock offering as crypto treasury firms search for new ways to secure funding. According to a Wednesday filing with the U.S. Securities and Exchange Commission (SEC), the…
BENGALURU: D K Shivakumar’s long-cherished ambition was realised Wednesday as he took oath as the 24th CM of Karnataka at Lok Bhavan, with his new cabinet reflecting a careful balance of caste and regional dynamics while carrying a distinct imprint of his predecessor, Siddaramaiah. Prominent Dalit face G Parameshwara was sworn in as the deputy…
MUMBAI: Fresh flare ups in the Persian Gulf region on Wednesday pushed up crude prices to near the $100 per barrel level and sank the rupee by around 50 paise in intra-day trades. These factors combined to pull the sensex down by over 1,100 points by mid-session, before some buying emerged at lower levels. At…
NEW DELHI: Indian exporters are keeping close tabs on the US Trade Representative’s investigations and the talks for a bilateral trade deal, which they expect will put them at an advantage compared to some of their rivals from other countries.While they are not too worried with the latest proposal to impose 12.5% tariffs on 54…
NEW DELHI: In a bid to ensure airfares don’t get completely out of reach for the common citizen and airlines don’t collapse, govt on Wednesday decided to set aside Rs 10,000 crore to cap aviation turbine fuel (ATF) or jet fuel prices and prevent them from sharp surges. This one-time budgetary support will be given…
NEW DELHI: The Union Cabinet on Wednesday recommended an ordinance to ease tax rules for foreign investors in some categories of securities.The details of the proposal moved by the finance ministry were not immediately available. However, it is being seen as an effort to help strengthen the rupee, which has weakened 6% against the US…
MUMBAI: Interest in India remains undiminished despite near-term volatility, according to Vikram Sahu, India CEO and country executive at Bank of America.“Corporate interest remains strong and unchanged in its conviction,” Sahu said, adding that strategic investors continue to take a long-term view of India, drawn by its scale, growth prospects and governance framework.Investor sentiment is…
SpaceX is planning to set the price of its initial public offering at $135 per share in a deal that would raise a record $75 billion and value the company at $1.75 trillion, the company said in a filing with the U.S. Securities and Exchange Commission. The aerospace company plans to sell 555.6 million shares…
NEW DELHI: Petroleum minister Hardeep Singh Puri on Wednesday said flex-fuel vehicles offer India a practical way to reduce crude oil imports. He said if even 1% of annual petrol vehicle sales shift to the technology, it would generate demand for four crore litres of ethanol and save Rs 195 crore in foreign exchange each…
