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NEW DELHI: Recognising the “significant impact” of the conflict in West Asia on the global economy and its effect on India, the cabinet committee on security led by PM Narendra Modi on Sunday discussed steps to diversify the sources of import of chemicals, pharma, petrochemicals and other industrial sectors, while drawing comfort from the stock…
NEW DELHI: Leela Palaces, Hotels and Resorts Tuesday announced the acquisition of an ultra-luxury resort in Coorg. marking the brand’s entry into immersive, nature-led and wellness anchored hospitality. The 71 all-villa property, set within 76 acres of lush landscape near Madikeri, will open as The Leela Coorg Forest Sanctuary later this year.With the addition of…
US investors may soon have access to a greater array of products tied to asset classes like private credit and crypto as the Trump administration and SEC push to open markets, a change that some investment advisors say puts too much onus on individuals to protect themselves. Both the White House and the Securities and…
Global oil prices surged and equity markets weakened on Thursday after fresh strikes on energy infrastructure in Iran and in retaliation Islamic Republic escalating threats to key facilities across the Gulf raised concerns over supply disruptions.Natural gas prices increased by more than 5%, while Brent crude rose to $111.19 in early trading and extended its…
NEW YORK — Amy Oldenburg, the head of digital asset strategy at Morgan Stanley (MS), rejected the idea that Wall Street is only now embracing crypto due to fear of missing out, arguing that large banks are acting after years of preparation. “TradFi is getting FOMO and is now getting involved … it really isn’t…
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The US confirmed that three American F-15E jets were accidentally shot down by Kuwait amid escalating Iranian missile and drone attacks across the region. An Indian national was killed after the oil tanker MKD VYOM was struck by an unmanned boat off Oman’s coast, triggering an explosion and fire onboard. Prime Minister Narendra Modi urged…
Microsoft is injecting a massive $17.5 billion into India, its largest investment in Asia, to bolster cloud and AI infrastructure. This significant commitment, alongside Google’s plans, underscores India’s growing importance as a global AI hub. The investment aims to enhance skilling and operations, positioning India as a frontier AI nation ready for transformative growth. NEW…
Strike received a BitLicense and money transmitter license from the New York State Department of Financial Services, clearing the way for the bitcoin BTC$70,108.81 financial services firm to operate in the state. “Receiving our BitLicense is a defining milestone for Strike,” said Jack Mallers, founder and CEO of Strike. “With our BitLicense, we can now…
