For months now, bitcoin has followed a frustratingly familiar pattern for the bulls: seemingly over-correlated with the Nasdaq 100 when that stock gauge headed lower, but losing nearly all correlation when the leading tech index moved higher. This week proved no different, with the Nasdaq tumbling on 2% on Thursday and bitcoin plunging twice as…
Wall Street financial services firm Cantor is among investment banks that are pitching cryptocurrency trading platform FalconX for its potential IPO, according to two people with knowledge of the matter. The company has held preliminary talks with possible advisors, but FalconX has not yet formally appointed bankers for its initial public offering, the people said,…
NEW DELHI: The Central Consumer Protection Authority (CCPA) on Wednesday warned hotels and restaurants of action in case it found them levying additional charges under heads such as “LPG charges,” “gas surcharge,” and “fuel cost recovery” in food bills.The authority issued an advisory invoking provisions of Consumer Protection Act observing that such charges are being…
NEW DELHI: Sadanand Date assumed charge as executive director at Sebi on March 4 to head the investigations department. Date is a 2007-batch IPS officer. Prior to joining Sebi, he was on central deputation to CBI, where he served in several key roles, including SP in the anti-corruption branch. Source link
NEW DELHI: Reliance Industries informed the BSE on Tuesday that there was no linkage between the fall in its share price and the news report on Russian oil imports, and that it had not purchased any crude from Russia for delivery in January.Bloomberg had earlier reported that at least three tankers carrying nearly 2.2 million…
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NEW DELHI: In a U-turn, the civil aviation ministry Thursday put on hold its directive for airlines to offer at least 60% seats free of charge. Under intense cost side pressure since the Iran war began, airlines had warned this move to curb ancillary revenue will lead to additional fare hikes.The aviation ministry had on…
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All restrictions imposed in Delhi-NCR under the Graded Response Action Plan (GRAP) have been revoked after a significant improvement in air quality, officials said on Monday.The Commission for Air Quality Management (CAQM) said that owing to favourable meteorological conditions, the air quality index (AQI) of Delhi was recorded at 119 on Monday. Delhi’s Air Pollution…
