NEW DELHI: The Supreme Court on Thursday raised serious concerns over the growing culture of ‘freebies’ across states , warning that indiscriminate distribution of such benefits could hamper economic development and strain state finances. The top court also cautioned states and asked whether such a culture, without drawing a distinction between the haves and the…
India’s state-owned Bharat Petroleum Corp (BPCL) and private refiner HPCL Mittal Energy Ltd (HMEL) have each bought one million barrels of Venezuelan Merey crude oil, marking BPCL’s first-ever purchase and HMEL’s first in two years, according to Reuters sources on Wednesday. The deals, arranged through trader Vitol, will increase India’s Venezuelan oil imports to at…
Ledn, a crypto lending company, has completed the first asset-backed securities (ABS) deal backed by bitcoin collateral, raising $188 million for crypto credit markets. Asset-backed securities are bonds backed by pools of underlying loans, with investors receiving payments from the cash flows generated by those loans. Bloomberg reported that the bonds are secured by a…
NEW DELHI: The Supreme Court on Thursday pulled up Tamil Nadu electricity board for promising free electricity to consumers irrespective of their financial status.The apex court issued notice to the Centre and others on plea of DMK government which proposes to provide free electricity. A bench led by Chief Justice of India Surya Kant slammed…
Gold rose and hovered once again around 5,000 driven by renewed geopolitical tensions and a rebound after a sharp fall at the start of this week. Also a dip buying ahead of the Federal Reserve meeting minutes was seen, while mixed economic data kept the fed officials bias also divided. Prices are steady in the…
Bitcoin is on course to print its fifth consecutive weekly loss, which would mark the first such streak since March to May 2022, when bitcoin went down for nine consecutive weeks. As of Thursday Asia time, the largest cryptocurrency by market cap is already down roughly 3% on the week, below $67,000, according to CoinDesk…
Stock market today (AI image) Stock market today: Indian equity benchmarks are slowly inching upwards, with Nifty50 and BSE Sensex opening in green after three days of gains. While Nifty50 was above 25,850 in early trade, BSE Sensex rose over 100 points. At 9:18 AM, Nifty50 was trading at 25,861.55, up 42 points or 0.16%….
AI image of French president Macron with PM Modi (Image shared by Macron on X) French President Emmanuel Macron on Wednesday shared an AI image with Prime Minister Narendra Modi, as he’s on three-day tour to India. He’s also set to attend the AI impact summit in New Delhi. The image shows the two nations’…
AI image used for representative purposes Russia’s foreign ministry firmly claimed on Wednesday that it has “no reason to believe” that India changed its stance on purchasing Russian oil, despite US claims suggesting otherwise. The ministry emphasised that the oil trade benefits both nations and helps maintain global energy market stability, while dismissing recent statements…
Bitcoin trading remained volatile on Thursday, rising to around $67,000 after briefly dipping near $65,900, as traders weighed a new message from U.S. President Donald Trump claiming the nation’s trade deficit has been cut by 78% thanks to tariffs and could turn positive later this year. “The United States trade deficit has been reduced by…
