HONG KONG — Hong Kong is ready to begin issuing the first of its stablecoin licenses next month, the Special Administration Region’s Financial Secretary said Wednesday. Hong Kong will only issue a small batch of licenses initially, Hong Kong’s Paul Chan Mo-Po said Wednesday at CoinDesk’s Consensus Hong Kong conference. “In giving our licenses, we…
Rahul Gandhi in Lok Sabha NEW DELHI: Leader of opposition Rahul Gandhi on Wednesday launched a sharp attack on the recently signed India-US trade agreement, claiming the deal was poorly negotiated and compromised country’s interests.Speaking in the Lok Sabha, the Congress leader laid out what he described as the approach INDIA bloc would have taken…
MUMBAI: The health insurance industry is at its soundest in the five years since the pandemic, with the industry-wide incurred claims ratio (ICR) falling to a post-Covid low of 86.9% in FY25, data shows. What ICR means is that for every Rs 100 that insurers collected as premium, they attracted Rs 86 of claims in…
Binance, the world’s largest cryptocurrency exchange, is working with crypto-friendly tradfi firm Franklin Templeton to offer an institutional off-exchange collateral program, making digital markets more secure and capital-efficient. The new service allows eligible clients to use tokenized money market fund shares issued through Franklin Templeton’s Benji Technology Platform as off-exchange collateral to trade on Binance…
NEW DELHI: Union parliamentary affairs minister Kiren Rijiju on Wednesday accused Congress MPs of storming into Lok Sabha Speaker Om Birla’s chamber and hurling abuses at him.“At least 20-25 Congress MPs entered the Lok Sabha Speaker’s chamber and abused him. I was also there. The Speaker is a very soft person, otherwise strict actions would…
MUMBAI/CHENNAI: Eight years after a planned alliance with Volkswagen to develop an affordable car for India and other emerging markets fell through, Tata Motors is teaming up with European partner Stellantis to explore manufacturing, engineering, and supply chain collaborations in India and overseas. The two automakers already operate a two-decade-old joint venture through Fiat India…
Shares of Bharat Heavy Electricals Ltd (BHEL) fell 6% in early trade on Wednesday, after the government announced an Offer for Sale (OFS) to reduce its stake in the company. On NSE, the BHEL stock was down 16 points or 5.80% to 260.10 at 11:20 am. On the Bombay Stock Exchange, the share price was…
NEW DELHI: IndiGo will, from Wednesday (Feb 11), operate flights as per the requirements of the new safety-enhancing flight duty norms for pilots. The dispensation given by the Directorate General of Civil Aviation (DGCA) to the airline from following the flight duty time limitation (FDTL) for its Airbus A320 family pilots lapsed on Tuesday. The…
UAE Corporate Tax Exemption for Non-Commercial Sports Entities Announced In a significant fiscal and policy shift this week, the United Arab Emirates Ministry of Finance announced a new corporate tax exemption for non-commercial sports entities under Cabinet Decision No. (1) of 2026, marking a major development in how the UAE supports and positions its sporting…
EMB: Feb. 11, 06:00 UTC Decentralized finance (DeFi) protocol Spark is pushing one of DeFi’s deepest pools of stablecoin liquidity further into institutional markets, unveiling new lending infrastructure designed to connect on-chain capital with off-chain borrowers that have largely stayed outside DeFi. The protocol introduced Spark Prime and Spark Institutional Lending in an announcement at…
