Russia’s largest bank, Sberbank, is moving toward offering loans secured by cryptocurrency and said Friday it is prepared to coordinate with the country’s central bank on shaping the necessary regulatory framework, according to Reuters. The lender has already tested the model in January. The bank issued the country’s first bitcoin-backed loan to one of its…
The ongoing conflict in the Middle East could pose short-term challenges for the Indian economy by pushing up oil prices and disrupting trade flows, though the country’s long-term growth trajectory is unlikely to be significantly affected, according to Nagesh Kumar, an external member of the Reserve Bank of India’s Monetary Policy Committee (MPC).In an emailed…
Michael Saylor, executive chairman of Strategy (MSTR), said the largest public traded holder of bitcoin BTC$78,731.11 increased the dividend rate on its preferred stock, Stretch (STRC), by 25 basis points to 11.25% for February. Strategy describes Stretch (STRC) as a short-duration, high-yield savings account. The increase is the sixth since STRC first traded in July…
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BlackRock Chairman and CEO Larry Fink used his annual letter to shareholders to argue that digital assets and tokenization could help update the financial system, even as he warned that the U.S. economic model is leaving too many people behind. In the letter, Fink said the current system has delivered most of its gains to…
NEW DELHI: Air India and Air India Express will operate a total of 58 scheduled and non-scheduled flights to and from West Asia on Wednesday, as the ministry of civil aviation said it was closely monitoring the situation in West Asia and its impact on flights between India and the region.Amid the escalating conflict in…
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The 7 high-speed rail corridors have been identified with an aim to provide high-speed connectivity across key economic centres. (AI image) Indian Railways is looking to move to a passenger train services model that offers faster, more comfortable, and premium travel experience. In that context Finance Minister Nirmala Sitharaman’s Union Budget announcement of seven new…
Jefferies has an underperform rating on Tata Motors PV with the target price at Rs 300. Analysts said the company reported earnings before interest, taxes, depreciation, and taxes (EBITDA) loss in the July-Sept quarter (Q2FY26), dragged by cyberattack at JLR. Cyberattack-related disruptions continue in Q3FY26 and should normalize by Q4FY26. Nevertheless, analysts see multiple headwinds…
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