Crypto asset manager CoinShares said digital assets are shifting from an outside-the-system experiment to a core layer of financial infrastructure as large institutions build on public blockchains. In its 2026 Digital Asset Outlook published Monday, the investment firm argued that the next phase will be defined by convergence, not disruption, dubbing it “hybrid finance” —…
NEW DELHI: Under fire for its handling of the IndiGo crisis, govt said on Monday it would set an “example” for other airlines with “very, very strict action” against the budget carrier once the probe into the massive flight disruptions is complete. The unprecedented disruption was caused by an “internal crisis” in the airline, Union…
Moody’s Flags Fin Impact | Analysts Divided On Stock Path MUMBAI: The stock price of InterGlobe Aviation, the company that runs IndiGo, slid another 8.3% on Monday as government is seen to be taking a tough stance amid the airline’s flight operations crisis.The crisis has left IndiGo’s investors poorer by a little over Rs 37,700…
The traditional banking industry has sought to slow down the surge of institutions seeking charters as trust banks that will serve digital assets customers, and Jonathan Gould, the chief of the Office of the Comptroller of the Currency said such a hesitancy would “risk reversing innovations.” “The OCC is hearing from existing national banks, on…
Amidst ongoing flight disruptions, the government is weighing the option of cutting IndiGo’s flight schedule by 5%, with plans to redistribute these time slots to other carriers. IndiGo has acknowledged the issues, attributing them to recent duty requirements and changes in their winter travel timetable. NEW DELHI: IndiGo may have its schedule cut by 5%…
MUMBAI: The weakening rupee and unabated selling by foreign funds weighed on investor sentiment on Dalal Street on Monday, pulling down sensex by 610 points to 85,103 points. A rate cut decision by RBI and strong GDP growth numbers for the Sept quarter failed to arrest the slide in stock prices, market players said.Nifty lost…
NEW DELHI: Telecom regulator Trai and the department of telecom (DoT) are at loggerheads over fixation of satcom spectrum charges for the companies and other critical matters at a time when satcom players, such as Elon Musk’s Starlink and Sunil Mittal’s Bharti group-backed Eutelsat OneWeb wait for regulatory clarity before beginning commercial services in India,…
BENGALURU: Ex-India captain Virat Kohli has invested Rs 40 crore in sports platform Agilitas Sports, co-founded by former Puma India MD Abhishek Ganguly. Agilitas is also acquiring One8, the sportswear brand co-created by Kohli, to fast-track its ambition of crafting India’s high-performance sportswear label.In April, Kohli ended his endorsement deal with Puma and has instead…
Mumbai: Larsen & Toubro will transfer its real estate business to L&T Realty Properties, a wholly owned subsidiary of the company, for Rs 6,297 crore as part of a restructuring effort. The decision was made at the Monday board meeting held in Muscat, Oman. The real estate business generated revenue of Rs 641 crore during…
Elon Musk’s Starlink has set its Indian launch price at Rs 8,600 monthly, plus a Rs 34,000 hardware fee. This significantly exceeds current terrestrial broadband options like Airtel and Jio, which offer speeds up to 40MBPS for under Rs 500. Starlink promises unlimited data and 30-day trials, but service commencement hinges on government spectrum allocation….
