NEW DELHI: India is in a “superb position” in a highly fragmented geopolitical world, as the fastest-growing economy with the scale, stability and technological ambition to help shape the next global order, Martin Sorrell, chairman of S4 Capital said on Friday.“So, India is in the box seat for two reasons. In that fragmented world, picking…
The CEO of Praetorian Group International (PGI) was sentenced to 20 years in prison in the U.S. for running a global Ponzi scheme that falsely claimed to invest in bitcoin and foreign exchange trading. Ramil Ventura Palafox, 61, promised daily returns of up to 3%, misleading more than 90,000 investors and draining over $62.7 million…
NEW DELHI: The India-US trade arrangement will expand cotton demand rather than hurt domestic growers, commerce and industry minister Piyush Goyal said on Friday, while asserting Indian farmers stand to gain from rising textile exports.“This will also not hurt our cotton producers… I can see before my eyes a huge requirement for more cotton and…
JAMMU: Police arrested two cross-border drug peddlers associated with a Pakistan-based drone-dropped narcotics module in J&K’s Kathua district and seized about 150g of heroin from them. Kathua Police registered a case and booked the duo under the NDPS Act.Police received information about an episode of drone-dropping along the J&K-Punjab border near Kathua’s Nagri area and…
MUMBAI: After the Tata and JSW Groups, the Adani Group is firming up plans to enter the nuclear energy sector. This week, the Ahmedabad-based infrastructure conglomerate incorporated a new company, Adani Atomic Energy, for the purpose. The company, a wholly owned subsidiary of Adani Power, will “generate, transmit and distribute electricity derived from nuclear and…
Yorkville America Equities, the asset manager behind a series of exchange-traded funds (ETFs) tied to U.S. President Donald Trump’s Truth Social brand, has filed registration documents for two new cryptocurrency ETFs, expanding its push into the digital asset market. According to a filing with the U.S. Securities and Exchange Commission (SEC) submitted Friday, the firm…
MUMBAI: The unprecedented volatility in the prices of gold and silver in recent weeks has prompted markets regulator Sebi to have a closer look at the price bands and circuit filters for exchange traded funds (ETFs).On Friday, Sebi proposed to put +/-20% price bands on ETFs on two precious metals, gold and silver. Part of…
NEW DELHI: Supreme Court on Friday held that telecom companies cannot claim ownership over spectrum allocated to them by govt and the natural resource cannot be subject to insolvency and liquidation process of a bankrupt telecom company.A bench of Justices P S Narasimha and A S Chandurkar rejected the plea of banks, which submitted that…
NEW DELHI: Domestic passenger vehicle (PV) dispatches from companies to dealers rose 13% year-on-year to 4,49,616 units in Jan, with demand remaining robust, owing to GST rate rationalisation and subsequent dip in prices, industry body Society of Indian Automobile Manufacturers (Siam) said on Friday.The sales growth last month was aided by utility vehicles. The segment…
MUMBAI: Reserve Bank of India has set a minimum net worth of Rs 500 crore for a company to be eligible for acquisition financing with even unlisted companies qualifying for such funding. Through its Amendment Directions, 2026, effective April 1, the central bank expands the credit activities commercial banks may undertake, with acquisition finance at…
