Both the U.S. Commodity Futures Trading Commission and the Federal Deposit Insurance Corp. will have significant reach into supervising the U.S. crypto sector, and President Donald Trump’s nominees to be their chairman have been crawling through a Senate confirmation process that’s close to its end — though the Senate likely remains days away from actually…
SRINAGAR: In Srinagar, for once, politics took a back seat on December 8, when the conversations revolved not around the tug-of-war between CM Omar Abdullah and LG Manoj Sinha, or another round of security briefings. In the J&K assembly corridors this Monday, lawmakers gathered instead to confront a deadlier political blind spot: Cancer among its…
NEW DELHI: As it completes three decades of operations in India, Korean electronics giant Samsung has said that the company will shift gears and deepen its manufacturing, design, and innovation initiatives in the country.“The next decade will see more products built in India, designed in India, and innovated for the world,” the company said as…
Mexico has approved steep tariff hikes of up to 50% from the year 2026 on a wide range of imports from India, China and several other Asian countries in order to protect the national industry and producers, Reuters reported.The bill passed by the Senate on Wednesday with 76 votes in favour, 5 against and 35…
NEW DELHI: IndiGo passengers who were stranded at airports on Dec 3, 4 & 5 will receive a travel voucher of Rs 10,000 with a validity of a year from the airline. This will be in addition to the compensation of Rs 5000 to Rs 10,000 “depending on the block time of the flight, to…
Prada’s recent collection in Milan featured tan leather sandals strikingly similar to Kolhapuri chappals, sparking controversy. Prada has decided to work with Indian artisans to create a limited-edition sandal collection, months after the brand faced criticism for using designs similar to traditional Kolhapuri chappals, reported Reuters.The Italian luxury company will produce 2,000 pairs in Maharashtra…
The logos of the cryptocurrencies Bitcoin (BTC), Ethereum (ETH), the stablecoin Tether (USDT) and Binance Coin (BNB) can be seen on the trading platform CoinMarketCap. Silas Stein | Picture Alliance | Getty Images VanEck is betting that what started as a slang for reckless online traders can sell an ETF. The firm is renaming its…
The Reserve Bank of India has begun consultations with banks on creating a uniform disclosure format for service charges and removing overlapping fees, as the regulator steps up efforts to streamline customer-facing charges, people familiar with the matter told ET.A senior bank executive said the discussions include having a standardised template that clearly itemises service…
India’s rural centres are now leading the country’s fixed deposit (FD) expansion, reversing a trend that long saw metropolitan areas driving deposit growth, according to the Reserve Bank of India’s latest data.Rural FD balances jumped 14% year-on-year to Rs 9.7 lakh crore in the September quarter, significantly outpacing the 10% rise in metro centres to…
The Reserve Bank on Thursday injected Rs 50,000 crore liquidity through Open Market Operation (OMO) purchases of government securities.Against the notified amount of Rs 50,000 crore, the total amount offered is Rs 1,11,615 crore, the RBI said in a statement.Earlier this month, the Reserve Bank announced OMO purchases of government securities of Rs 1,00,000 crore…
