Jefferies, a Wall Street investment bank, said maturing blockchain infrastructure and incremental regulatory progress are laying the groundwork for a new wave of tokenization by institutions in traditional finance (TradFi). Broad adoption, however, depends on having clear U.S. market structure rules, it said. The bank pointed to the draft Digital Asset Market Clarity Act as…
DEHRADUN: Close on the heels of a proposal to restrict the entry of non-Hindus at 105 ghats in the Kumbh area at Haridwar, Badrinath Kedarnath Temple Committee (BKTC), which administers the Char Dham shrines of Badrinath, Kedarnath and 47 other temples, is considering a similar move at the shrines under it. The proposal is expected…
NEW DELHI: Congress Monday raised questions about the intent of Modi govt to hold a caste enumeration in Census 2027 as it had announced earlier, pointing out that the question about the caste of the head of a household in the “houselisting” phase does not offer “OBC” as an option. Govt last week published the…
The U.S. Marshals Service (USMS) is investigating allegations that the son of a Department of Defense and Department of Justice services provider, charged with managing cryptocurrency seized by law enforcement, stole more than $40 million worth of confiscated digital assets. Blockchain investigator ZachXBT accused John “Lick” Daghita, son of Dean Daghita, president of CMDSS —…
NEW DELHI: Highway construction agencies, including NHAI, are in a bind over the recent trend of road contractors quoting low bids of up to 48% less than the estimated project cost, largely due to aggressive bidding, which usually has a direct bearing on the quality of work.In a recent case, the road transport ministry cancelled…
The context: Former BlackRock Head of Digital Assets Strategy, and SharpLink CEO, Joseph Chalom says institutional giants are betting heavily on Ethereum to serve as the global infrastructure for asset tokenization, ignoring current price stagnation. He outlines three key drivers for a projected 10x surge in Ethereum activity this year: BlackRock’s Larry Fink has signaled…
KOLKATA: At least seven people were killed and 21 others reported missing after a massive fire tore through a warehouse complex in eastern Kolkata early Monday, trapping workers who had been sleeping inside units packed with flammable materials. The complex housed a decorators’ unit and a factory supplying a popular momo chain.Police initially confirmed three…
NEW DELHI: The index of industrial production (IIP), which is moving to a chain-based series with annual resets, is also expected to see an increase in the weights assigned to electricity and manufacturing, while weightage for mining is set to decrease. This is part of the overhaul of the key dataset that the statistics office…
BENGALURU: India’s wealthy are increasingly looking to diversify into dollar-denominated assets, with some citing the GIFT City route as a preferred gateway to global investing, according to the India Luxury Residential Outlook Survey 2026 released by India Sotheby’s International Realty. A significant share of HNIs and UHNIs are concerned about the rupee’s depreciation against the…
MUMBAI: Axis Bank reported a steady operating performance in Dec quarter, with net profit rising 3% year-on-year to Rs 6,490 crore, supported by strong loan growth and higher fee income, even as margins moderated. The bank’s net interest income increased 5% from a year earlier to Rs 14,287 crore, on the back of 14% growth…
