India has condemned attacks on commercial shipping in the Strait of Hormuz, calling them “unacceptable,” as the International Maritime Organization (IMO) urged coordinated action to safeguard civilian vessels in the Gulf region.Addressing the 36th extraordinary session of the IMO Council in London on Thursday, Vikram Doraiswamy, India’s ambassador to the UK, emphasised New Delhi’s commitment…
The crypto industry’s stablecoin operations, such as the arrangement between issuer Circle and leading exchange Coinbase, could be under serious pressure in the U.S. Office of the Comptroller of the Currency’s newly proposed set of stablecoin rules. Even as OCC chief Jonathan Gould testified in the U.S. Senate on issues that included crypto oversight on…
HAL is also the ‘Best All-round Wealth Creator’stock. (AI image) Hindustan Aeronautics or HAL has emerged as the most consistent and all-round wealth creator stock in the span of the last five years, according to a new report by Motilal Oswal Financial Services Limited. The defence Public Sector undertaking (PSU) stock has outperformed the Nifty…
NEW DELHI: Indian forces on Monday said they had eliminated seven terrorists in Jammu and Kashmir’s Kishtwar district after nearly a year of sustained joint operations in the high-altitude Chatroo belt. The operation, carried out by the White Knight Corps along with Jammu and Kashmir Police and the CRPF, followed months of tracking militants through…
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Air India A320 neo (Source: Air India official website) NEW DELHI: The director general of civil aviation (DGCA) on Saturday issued a mandatory safety order for Airbus A318, A319, A320, and A321 aircraft. This came after Airbus announced an urgent software repair for 6,000 A320-family jets, a large recall that affects more than half of…
US stocks were mixed in early trading on Wednesday, a day after key indices touched fresh record highs, as investors turned cautious ahead of crucial US jobs data and amid rising global uncertainty.The S&P 500 was hovering between gains and losses, while the Dow Jones Industrial Average edged up 28 points, or 0.1 per cent….
MUMBAI: Indian bank stocks outperformed the broader market in the Oct-Dec quarter, with valuations rising sharply after GST cuts ahead of the festive season lifted consumption and strengthened expectations of a pickup in credit growth. Data from S&P Global Market Intelligence show the combined market capitalisation of the top 20 listed banks rose to about…
Apollo Global Management (APO) is moving deeper into crypto, striking a deal that could make the $938 billion asset manager a major token holder in a decentralized lending platform. The firm signed a cooperation agreement with the Morpho Association, the French non-profit organization behind the Morpho protocol, that allows Apollo and its affiliates to buy…
MUMBAI: Edelweiss Financial Services on Monday said it will bring in The Carlyle Group as strategic majority investor in its housing finance subsidiary, Nido Home Finance, with Carlyle-affiliated funds committing Rs 2,100 crore to the business. The transaction, announced on Tuesday, involves the acquisition of a 45% stake in Nido from Edelweiss through a secondary…
