Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Since October’s flash crash, crypto has been trading around a single fault…
New Delhi: The Centre has not notified the central list of OBCs for the last seven years since it granted constitutional status to the National Commission for Backward Classes, which mandated that the list of backwards will in the future be approved by Parliament as against the present practice of publishing it through an executive…
Bengaluru: Meesho’s shares closed at Rs 216.3 on Wednesday on the NSE, hitting the 20% upper circuit and nearly doubling their IPO price within days of debut. The e-commerce company’s stock has gained about 95% since it got listed on Dec 10 at Rs 111 per share. The surge, which has pushed the company’s market…
New Delhi: Japanese financial services giants are placing mega bets on India.Mitsubishi UFJ Financial Group is all set to pump in over $4.4 billion (around Rs 40,000 crore) to acquire an over 20% stake in Shriram Finance, with the deal likely to finalised on Friday. The transaction will be among the biggest in the financial…
U.S.-listed cryptocurrency exchange Coinbase (COIN) is introducing stock trading and incorporating prediction markets, along with a slew of other new products and assets that aims to cement the platform’s position as the “Everything Exchange,” the company announced during its System Update stream on Wednesday. Coinbase said it is dramatically expanding the assets available to trade…
‘What If Orders Are Palpably Dishonest?’ New Delhi: In a surprise public acknowledgement of corruption in judiciary, a Supreme Court bench led by CJI Surya Kant on Wednesday said there is a growing trend of judges passing a series of orders for extraneous considerations on the eve of their retirements.While hearing a petition filed by…
New Delhi: The International Monetary Fund (IMF) is likely to raise India’s GDP growth forecast for the current fiscal year closer to 7%, former IMF deputy managing director Gita Gopinath said on Wednesday.“This Oct, IMF revised up India’s growth for 2025 to 6.6%. But that came in before the second quarter growth numbers came out….
With an any-minute-now confirmation of Mike Selig to take over the U.S. Commodity Futures Trading Commission, its stand-in chief, Caroline Pham, is closer to her longstanding plan to jump to crypto firm MoonPay. As CoinDesk reported last month, Pham was said to be planning to take on the role of chief legal officer and chief…
New Delhi: Highway commuters won’t have to stop to pay user fee at national highway toll plazas by 2026-end as the govt rolls out the multi-lane free flow (MLFF) system, road transport and highways minister Nitin Gadkari said on Wednesday. He added that the FASTag annual pass launched in Aug, which allows private vehicles to…
Indian employees can expect a moderate but steady rise in pay packets in 2026, as companies recalibrate compensation strategies to balance cost pressures, talent retention and productivity in a rapidly evolving workplace, PTI reported citing a survey.Average salaries in India are projected to rise by 9 per cent in 2026, with organisations placing sharper emphasis…
