The Reserve Bank of India on Tuesday announced a fresh liquidity infusion, unveiling plans to purchase government securities worth Rs 2 lakh crore and conduct a $10 billion dollar-rupee swap auction to ease conditions in the banking system.The central bank said the open market operations (OMO) purchases and the USD/INR buy-sell swap auctions will be…
The slide also lands on a sensitive instrument. STRC’s dividends prompted Strategy to sell bitcoin for the first time since it began accumulating bitcoin in 2022. The company disclosed on June 1 that it had sold 32 coins for about $2.5 million in late May to fund STRC distributions, a move that rattled a market…
49 Crypto Exchanges, majority based in India, registered with financial intelligence unit (FIU) which works under ministry of finance, in fiscal year 2024-2025. Such a move comes as part of the country’s efforts to combat money laundering and prevent terrorist financing risks in the digital currency sector. It comes as a strategic analysis of suspicious…
Coinbase (COIN) shares fell more than 5% in after-hours trading Thursday after the crypto platform reported weaker-than-expected first-quarter results as falling crypto prices weighed on trading activity, one of the company’s main sources of revenue. The company posted a loss of $1.49 per share, compared with analyst expectations for a $0.27 profit. Revenue came in…
India’s textiles sector is set for a research and innovation lift with the government approving the Rs 305 crore Tex-RAMPS scheme, the textiles ministry said on Thursday, as reported by PTI. The initiative will run from 2025 to 2031 as a fully funded Central Sector Scheme.According to the ministry, the Textiles Focused Research, Assessment, Monitoring,…
NEW DELHI: Delhi airport on Tuesday issued an advisory to flyers, warning that disruptions in flight operations may persist for some arrivals and departures due to dense fog.In a post on X, Indira Gandhi International Airport (IGIA) urged passengers to check with airlines for real-time updates on flight schedules.“Flight operations are steadily recovering, but disruptions…
NEW DELHI: A Delhi court on Tuesday ordered framing of charges against Congress MP Karti P Chidambaram and six others in connection with a visa scam, holding that prime facie, a case was made out against them for criminal conspiracy and illegal gratification. The court, however, discharged the eighth accused, Chetan Shrivastava, after concluding that…
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Payward, the parent company of crypto platform Kraken, is raising new capital at a $20 billion valuation, according to two people with knowledge of the matter. Kraken declined to comment on the raise. The latest fundraising round comes as the company ramps up spending on takeovers. Most recently, it bought stablecoin-focused payments firm Reap for…
Indian exporters are hoping that the country’s goods and services outflows could touch $1 trillion in 2026-27, supported by the recently signed trade agreements with the United States and the European Union. The anticipated surge comes as the US has reduced tariffs on Indian products from 50% to 18%, opening the door for more orders…
