An overnight crash in the price of bitcoin combined with a difficult to digest capital raise to send Strategy (MSTR) shares tumbling 12.5% to their weakest level in nearly 15 months in U.S. morning trading on Monday. And yet, despite no bounce in the price of bitcoin BTC$86,452.68 — which remained near session lows of about…
NEW DELHI: Goods and services tax (GST) collection growth moderated in Nov, following a massive overhaul of the structure, including rate reduction on 375 items, although govt asserted that it had helped boost consumption and the mop-up trends were in line with its estimate.During Nov, based on transactions in Oct, collections (excluding cess) went up…
NEW DELHI: The country’s industrial production growth slowed to a 14-month low in Oct, dragged down by a sluggish manufacturing sector and contraction in electricity and mining sectors.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production (IIP) rose an annual 0.4% in Oct, lower than the upwardly revised…
NEW DELHI: PM Narendra Modi spoke to Sri Lankan President Anura K Dissanayake on Monday, expressing condolences on the loss of lives and devastation in Sri Lanka in the wake of Cyclone Ditwah and assuring him of India’s continued support to the Indian Ocean neighbour under the ongoing Operation Sagar Bandhu, which has taken up…
Vanguard, one of the world’s largest asset managers with roughly $11 trillion in assets under management, will begin allowing customers to trade cryptocurrency ETFs and mutual funds on its brokerage platform starting Tuesday, according to Bloomberg. “Cryptocurrency ETFs and mutual funds have been tested through periods of market volatility, performing as designed while maintaining liquidity,”…
NEW DELHI: Indian defence PSUs Hindustan Aeronautics (HAL), Bharat Electronics (BEL) and Mazagon Docks (MDL) continue to figure in the global top 100 arms-producing companies, but together accounted for just a paltry 1.1% of the global arms sales last year.Global arms revenues rose sharply by 5.9% to reach a record $679 billion in 2024, with…
NEW DELHI: India is taking “new protective measures” to tackle the issue of GPS spoofing that has been witnessed at several airports in country. Union aviation minister Rammohan Naidu on Monday told Parliament that some flights had recently reported GPS spoofing in the vicinity of IGI Airport while approaching runway 10 using satellite-based landing procedures,…
NEW DELHI: Seeking to ensure that prices of sin goods such as tobacco products and pan masala do not fall after withdrawal of GST compensation cess, finance minister Nirmala Sitharaman on Monday moved two bills that will empower govt to levy excise duty on tobacco and tobacco products, while imposing health and national security cess…
The acting chief of the U.S. Federal Deposit Insurance Corp. said the banking regulator expects to start proposing rules for stablecoin issuers before the close of December, according to testimony Travis Hill is preparing to deliver Tuesday before the House Financial Services Committee. First up on the regulator’s agenda for implementing the Guiding and Establishing…
NEW DELHI: Opposition parties disrupted proceedings in Lok Sabha and walked out of Rajya Sabha on the first day of the winter session after govt refused to concede their demand to immediately allow a debate on the special intensive revision (SIR) of electoral rolls being conducted by Election Commission.They rejected the stand of parliamentary affairs…
