Standard Chartered PLC’s (STAN) venture capital division SC Ventures invested in GSR, as the London-based multinational bank seeks to further expand its digital asset services, the crypto capital market’s firm announced Tuesday. The investment agreement, which according to Bloomberg was $150 million at a valuation of more than $1 billion, is the first external stake…
New Delhi: Any university or higher education institution established without approval of Central or state govt would face a penalty of at least Rs 2 crore and immediate closure, as per the new higher education bill — Viksit Bharat Adhishthan Bill — which is likely to be introduced in Lok Sabha on Monday.The bill circulated…
Oil prices fell in early trade on Friday, extending losses as optimism grew that the Middle East conflict may be nearing an end following a 10-day ceasefire between Israel and Lebanon and fresh signals of possible US-Iran talks over the weekend.Brent crude futures declined $1.34, or 1.35%, to $98.05 a barrel, while US West Texas…
BENGALURU: Ravi K has assumed charge as chairman and managing director (CMD) of defence PSU Hindustan Aeronautics Limited (HAL), becoming the company’s 22nd CMD. He takes over from DK Sunil, who superannuated on April 30.Ravi K was previously director (operations) at HAL, where he was involved in strategic planning. He has more than 30 years…
What began as a platform for last-minute grocery runs is rapidly turning into a serious marketplace for beauty. On quick commerce apps, a bottle of anti-ageing serum now reaches consumers faster than many products can promise visible results, marking a clear shift in how beauty and personal care (BPC) products are being bought in India.The…
Financial analysts hinted at possible slowdown in gold and silver prices during the week while investors await crucial US economic data. Market activity is expected to be light due to the upcoming Christmas and New Year holidays, with key indicators like GDP, housing data, and consumer confidence figures affecting precious metal prices.Trading volumes are likely…
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Check out some of the companies making the biggest moves midday: Adobe — The software giant saw shares tumble more than 5%. CEO Shantanu Narayen said that he would step down from his post after a successor has been named. Narayen will remain as chair of the company’s board. He has been Adobe’s CEO since…
MUMBAI: The Reserve Bank of India (RBI) continues to classify Tata Sons as a core investment company (CIC) in the upper layer, according to its latest NBFC list released on April 10, keeping the Tata Group‘s holding company within the ambit of potential listing requirements. In FY24, Tata Sons applied to the RBI to voluntarily…
