The U.K.’s Financial Conduct Authority (FCA) picked Revolut, Monee Financial Technologies, ReStabilise, and VVTX to test stablecoin issuance in its Regulatory Sandbox as regulators move toward a full rulebook. The FCA said the cohort will trial stablecoin products in real-world conditions, with safeguards in place. The regulator plans to focus on issuance and review use…
Mark Carney and PM Narendra Modi (ANI image) NEW DELHI: Canada on Wednesday clarified that it does not believe India is linked to violent crimes on its soil, signalling a diplomatic thaw with New Delhi ahead of Prime Minister Mark Carney’s visit to India. This marks a notable shift after months of strained ties between…
Check out the companies making headlines in after-hours trading. Lucid Group — Shares of the electric vehicle maker fell more than 4%. In the fourth quarter, Lucid posted a wider-than-expected loss of $3.62 per share, despite revenue growth that topped estimates. Lucid also recently cut its U.S. workforce by 12%. Workday — Workday shares dropped…
CHENNAI: India’s solar exporters face a severe jolt after the US commerce department proposed countervailing duties of 125.9% on crystalline silicon photovoltaic cells from India, citing alleged subsidies. The preliminary finding covers shipments to the US, which absorbs more than 95% of India’s solar cell and module exports.The duty is likely to wipe out the…
Nicholas Hammer, co-founder and CEO of crypto lender Blockfills, has stepped down from his leadership role, according to a person with direct knowledge of the matter. The firm’s website now lists Joseph Perry as the interim CEO. A company spokesperson confirmed that Hammer was CEO until July 2025. The change of leadership comes as the…
NEW DELHI: International air travel in and out of India touched a new quarterly high and crossed the two-crore mark for the first time in October-December 2025.Despite travel to the US remaining subdued due to visa issues across categories such as students and H-1B during President Trump’s second presidency; Canada’s high rejection rate for Indian…
MUMBAI: Worldline will sell its India payments arm to BillDesk for 60 million euros in equity. The deal includes a long-term software pact where BillDesk keeps using Worldline tech. Worldline will continue to keep India as a talent/innovation hub and evolve its Global Capability Centers into AI-first innovation hubs for automation/GenAI/agentic-AI at scale for Western…
NEW DELHI: The Supreme Court Wednesday rejected a plea seeking a ban or a change in the title of the upcoming film, ‘Yadav Ji ki Love Story’, saying the name does not portray the Yadav community in a poor light.A bench comprising justices B V Nagarathna and Ujjal Bhuyan rejected the petition filed by the…
Check out the companies making headlines before the bell. GoDaddy — Shares dropped 9% after the company forecasted annual revenue below estimates, citing slow AI-related adoption. GoDaddy said it expects its revenue to come in between $5.195 billion and $5.275 billion this year, falling short of analysts’ consensus estimate of $5.28 billion, according to FactSet….
New Delhi: Barring Vodafone Idea (Vi), no other telecom company is going to get any relief on their adjusted gross revenue (AGR) dues as govt will not step outside the Supreme Court’s mandate, telecom minister Jyotiraditya Scindia said Wednesday. “We are operating under an SC verdict. As far as AGR is concerned, it is based…
