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For Elon Musk’s company, it’s a rounding error against a valuation of over $1.8 trillion: small enough that the stock will never trade on it, yet large enough to normalize the asset in a way no dedicated vehicle can. For years, onchain analysts estimated SpaceX held about 8,300 bitcoin. The S-1 then revealed the real…
NEW DELHI: The Directorate of Revenue Intelligence (DRI) seized around 17 kg of foreign-origin gold worth approximately Rs 25 crore in coordinated operations in Kolkata and Agartala, arresting 10 people and dealing a major blow to organised gold smuggling networks, the finance ministry said on Saturday.The seizures were made on June 12 in two separate…
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Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday said there is no shortage of energy in the country, asserting that supplies of crude oil, LPG and natural gas remain comfortable despite concerns arising from the Iran conflict.Speaking to reporters in Ludhiana, Puri said India has sufficient reserves to meet energy requirements and…
A 46-year-old Nigerian national has been arrested in Mumbai with 203 grams of cocaine, valued at approximately Rs 2.03 crore, police said on Saturday.According to officials of the Anti-Narcotics Cell (ANC) of Worli police station, the accused, identified as Eze Samuel Nweze, a native of Uburu in Nigeria’s Ebonyi state, was allegedly residing illegally in…
Farmers will continue to receive urea and di-ammonium phosphate (DAP) at subsidised rates despite concerns over global supplies amid the Middle East crisis, Union Agriculture minister Shivraj Singh Chouhan said on Saturday, asserting that the government has adequate fertiliser stocks and is prepared to deal with any impact of El Nino.Addressing reporters after the conclusion…
Trade will be on the agenda when Prime Minister Narendra Modi meets US President Donald Trump at next week’s G7 summit in France, but an India-US trade agreement is not expected to be finalised during the gathering, a senior US administration official said on Saturday, Reuters reported.The official said US Trade Representative Jamieson Greer will…
Bitcoin climbed above $64,000 on Saturday, reaching an intraday high of more than $64,200. The largest cryptocurrency by market capitalization is up more than 1% over the past 24 hours and is now up over 8% from its June low of just above $59,000. Sentiment has also been supported by further positive developments on the…
