When Strategy (MSTR) disclosed that it sold 32 bitcoin in May, memories were jogged of the company’s first-ever bitcoin sale in December 2022. Both events generated headlines questioning whether Michael Saylor’s company was backing away from its long-standing bitcoin accumulation strategy. Both prompted scrutiny of the firm’s finances. Both represented extraordinarily rare moments in the…
CHENNAI: The Indian passenger vehicle (PV) industry delivered a resilient performance in May 2026, with four of the six leading automakers-which together account for nearly 94% of India’s PV volumes-posting double-digit year-on-year growth despite recent vehicle price increases driven by rising raw material costs linked to the West Asia crisis, and a fuel price hike…
MUMBAI: Unified Payments Interface transactions rose to 2,320 crore in May 2026 from 2,235 crore in April while value increased to Rs 29.9 lakh crore from Rs 29 lakh crore, translating into 24% growth in volume and 19% growth in value on a year-on-year basis.Average daily transactions stood at 74.8 crore with 74.5 crore in…
KULGAM: The J&K administration is planning to establish rehabilitation centres across the state to help recovering addicts reintegrate into society, Lieutenant Governor Manoj Sinha said Monday as he led the “Drug-Free J&K Padyatra” in south Kashmir’s Kulgam district.Talking to the TOI on the sidelines of the event, Sinha said the campaign has significantly disrupted drug…
NEW DELHI: India and Oman rolled out a free trade agreement on Monday, with first set of consignments being shipped at concessional or zero rates, as New Delhi offered a food security pact to further cement ties with the Gulf Nation.Amid the West Asia conflict, which has disrupted supplies, Oman’s foreign trade advisor Pankaj Khimji…
NEW DELHI: Govt is reviewing tariff concessions on Scotch and some other products proposed in the trade agreement with the UK if its concerns over steel quotas and duties are not addressed before the treaty is ratified.“We have to rebalance the FTA… We haven’t made up our mind, but we can consider action on certain…
Keyrock, a Brussels-based digital asset services firm, is in the process of acquiring bankrupt crypto trading and lending firm Blockfills, according to two people with knowledge of the matter. A Keyrock spokesperson told CoinDesk that the acquisition is subject to court approval. According to a bankruptcy filing, Keyrock agreed to a purchase price of $3.25…
NEW DELHI: India estimates a lower fertiliser consumption during the Kharif sowing season in the light of IMD’s forecast of below normal monsoon, a top govt official said on Monday, adding the demand for urea is now estimated at 190 lakh tonnes against the earlier projection of 194 lakh tonnes.The demand of Diammonium Phosphate (DAP)…
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