MUMBAI: Markets regulator Sebi is investigating instances of illegal gains using insider information in a share sale transaction for Yes Bank in July 2022. Officials from PwC, EY, Carlyle Group and Advent International have been sent notices by Sebi as the regulator’s investigations in this matter is continuing, a Reuters story said.The Sebi notice said…
MUMBAI: Payments infrastructure startup Juspay has raised $50 million in funding from new investor WestBridge Capital at a valuation of $1.2 billion, becoming the first unicorn of the year.The investment includes a mix of primary and secondary transactions, the company said in a statement on Friday. In a secondary deal, a firm’s shares change hands…
Stablecoins moved more than $35 trillion on blockchain rails last year, but only about 1% of that was for real-world payments, according to a new report by the consultancy firm McKinsey and the blockchain data firm Artemis Analytics. Their analysis estimated that only $380 billion of activity reflected actual payments, such as paying suppliers, sending…
Shashi Tharoor (PTI photo) NEW DELHI: Congress MP Shashi Tharoor on Saturday clarified that he has never violated the party line in Parliament, asserting that his only public disagreement in principle was over Operation Sindoor, when he led India’s delegation to countries in the Americas to present New Delhi’s position on counterterrorism and Pakistan’s role…
MUMBAI: Employees of public sector general insurers, RBI and Nabard will receive a collective Rs 11,640-crore payout after the Centre approved a retrospective wage, pension reset covering serving and select former staff.State-owned general insurers take the bulk: Rs 8,170 crore, followed by RBI at Rs 2,697 crore and Nabard at around Rs 773 crore, factoring…
NEW DELHI: Shishir Kapoor, an ethnic womenswear exporter from Lucknow, asserts that he is not offering any discount to American buyers, and his business has not seen any impact due to the 50% tariffs on Indian exports. For MLK Exports, more than half its exports are to the US.“My buyers are in the upper and…
The Ethereum Foundation (EF), a nonprofit organization that supports Ethereum’s development, is turning its long running post quantum research into a public engineering push, forming a dedicated Post Quantum team and calling the effort a top strategic priority for the network. EF researcher Justin Drake said the new group will be led by Thomas Coratger,…
NEW DELHI: Shiv Sena (UBT) chief Uddhav Thackeray, after the defeat in the BMC polls, launched an attack on the BJP. He said that the saffron party was mistaken if they think that Shiv Sena can be destroyed. Calling his party the symbol of the sons of the soil, he remarked that Shiv Sena is…
European Union vice-president, Kaja Kallas, arrived in New Delhi on Saturday, marking her first official visit to India. The visit comes amid intensified diplomatic engagement between India and the EU.MEA spokesperson Randhir Jaiswal welcomed the official in a post on X, saying the visit builds on regular high-level engagements and comes at a timely moment…
HYDERABAD: About 300 dog carcasses were found dumped in a pit in Jagtial district in the latest case of alleged mass killing of strays in Telangana, taking the total number of dogs found dead in the state this month to nearly 900. The latest alleged killings in Pegadapally, 200km from Hyderabad, occurred Thursday, allegedly on…
