General Motors reported a dip in fourth-quarter US auto sales Monday, reflecting a sharp decline in electric vehicle transactions amid a broader slowing car market.But the US auto giant also achieved an annual sales increase, pointing to growth in pickups and crossovers sales as evidence of resonance with consumers despite offering lower incentives than the…
NEW DELHI: Supreme Court on Monday questioned the Karnataka govt’s decision to allow for construction purposes Premium Floor Area Ratio (PFAR) — which is FAR over and above the mandated FAR — saying it could lead to construction of multistoried buildings on many narrow 9-metre-wide roads in Bengaluru, worsening the already strained civic amenities in…
Robinhood (HOOD) is sharpening its focus on advanced crypto traders, a pivot that reflects evolving customer behavior during a volatile year for digital assets. “What we’ve seen really depends on the customer segment,” Johann Kerbrat, head of crypto at Robinhood, said in an interview. “We have a lot of customers that are a bit younger….
DEHRADUN: Uttarakhand high court has ordered the release of a man who had been serving a life sentence in a 2003 murder case, after it found he was a juvenile at the time of the offence. Mobin, who spent over 13 years in prison, was declared a juvenile in conflict with law, rendering his continued…
NEW DELHI: Supreme Court on Monday slammed the Uttarakhand govt for being a silent spectator for two decades to rampant encroachment of forest land in Rishikesh, which was allotted in 1950 to Gandhian Mira Behn by the then UP govt, and said it smacked of nexus between the executive and squatters. The court also sought…
Wall Street giant Goldman Sachs (GS) said improving regulation and the emergence of crypto use cases beyond trading are underpinning a constructive outlook for the industry, particularly for infrastructure companies that support the ecosystem without being as exposed to market cycles. Regulatory uncertainty remains the main barrier for institutions, and that backdrop is shifting rapidly,…
TRICHY: Union home minister Amit Shah’s two-day visit to poll-bound Tamil Nadu ended on an inconclusive note Monday, with no apparent breakthrough in BJP’s efforts to strengthen NDA in the state. There was anticipation that Shah would initiate alliance talks with potential partners, PMK and DMDK during the visit, while also seeking a resolution to…
Fundstrat Global Advisors co-founder Tom Lee said Monday Bitcoin BTC$94,203.08 has not yet peaked and could reach a new all-time high as soon as this month, doubling down on a bullish crypto and equity outlook during a CNBC Squawk Box appearance. “I don’t think bitcoin has peaked yet,” Lee said. “We were overly optimistic about…
LUCKNOW: Parents of the resident doctor of King George’s Medical University, who has been accused of sexually exploiting a colleague and pressuring her for religious conversion for marriage, were arrested from a rented flat in Thakurganj area of Lucknow on Monday.DCP (west zone) Vishwajeet Srivastava claimed Salimuddin (70) and his wife Khateeja (67), parents of…
KOLKATA/RAMPURHAT: Sunali Khatun, the pregnant Birbhum woman who was banished to Bangladesh as an illegal immigrant and forced to spend six months in a jail, gave birth to a son on Monday at a state-run hospital in Bengal. “For us, this is nothing short of a miracle. The child was born healthy despite Sunali being…
