A 5% stake in AI coding startup Cursor that FTX’s bankruptcy estate sold for $200,000 in April 2023 would be worth about $3 billion today, following SpaceX’s agreement this week to acquire the company at a $60 billion valuation. SpaceX said Monday it has the right to buy Cursor later this year for $60 billion…
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Former Goldman Sachs crypto executive Oliver Harris, who has returned to the TradFi world as JPMorgan’s new blockchain chief, once said he believes tokenization alone will not fix one of finance’s core challenges, warning that putting assets on blockchain rails does not automatically make them easier to trade. “Tokenization does not equal liquidity,” Harris, who…
BENGALURU: India’s urban drinkers are cooling on month-long alcohol breaks, even as the “sober curious” wave rises in Western markets. About 32% urban drinkers went dry for a month or more in Autumn 2025, down from 38% a year ago, IWSR Bevtrac data shared exclusively with TOI showed. The pullback is sharpest among younger legal-age…
CHANDIGARH/NEW DELHI: Punjab police are believed to have filed two FIRs against Rajya Sabha MP Sandeep Pathak, who switched from AAP to BJP a week ago along with six others.While sources close to govt confirmed the FIRs, no one was willing to talk about it. No official statement on the nature of the allegations had…
The Middle East conflict has entered its fourth week and the ripple effects are beginning to show up across major economies. Concerns are growing that any further escalation could disrupt energy flows and add pressure to an already fragile global outlook. The strain is not falling evenly on every country.Some nations are far more exposed…
NEW DELHI: Tuesday’s fall in Brent to under $80 a barrel for the first time in three months will allow oil companies to hold pump prices at current levels, while helping govt finances and keeping inflation from rising, provided gains on crude hold.Policymakers are cautious while making any projections, given how the peace talks between…
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