The National Stock Exchange has formally restarted its long-delayed journey to the stock market, filing draft papers with Sebi for an estimated $2-billion initial public offering nearly nine years after its first listing attempt was derailed by the co-location controversy, according to an ET report.The draft red herring prospectus (DRHP) proposes an offer for sale…
The crypto industry is pushing back against a new tax law in the state of Illinois that enacts a 0.2% tax on businesses transacting or storing crypto for customers in the state, but it may be too late to change it in the short-term. The law enacts a 0.2% tax on “receiving any digital asset…
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NEW DELHI: India has succeeded in bringing 21.7 million hectares of degraded land under restoration against its target of restoring 26 million hectares by 2030 as per its voluntary global commitment, shows the country’s second progress report on the Bonn Challenge released on the world day to combat desertification and drought on Wednesday.Among states, Telangana…
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The country’s installed power generation capacity has crossed 530 GW and is expected to reach nearly 600 GW next year, driven by rapid additions in renewable energy, thermal power and battery storage, a senior Power Ministry official said on Wednesday.Aadhar Raj, Joint Secretary in the Ministry of Power, said the country’s electricity sector continues to…
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Check out some of the companies making the biggest moves midday: SpaceX — The rocket manufacturer dropped more than 3% Wednesday after soaring nearly 50% in its first three days as a public company since its $135-per-share IPO last Friday. Bank stocks — The 15-year old Invesco KBW Bank ETF (KBWB) hit a new all-time…
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China’s booming exports are emerging as a major concern for Europe, with leaders of the Group of Seven (G7) economies discussing ways to address growing trade imbalances amid fears of a new “China Shock” hitting European industry, according to news agency AP.After years of US tariffs aimed at curbing Chinese manufacturing dominance, Beijing has continued…
