Amid an intensifying international focus on stablecoins, the International Monetary Fund (IMF) has released a 56-page report detailing what it sees as the key risks surrounding their adoption. The report draws parallels from the claims many other central banks and international financial organizations make regarding the threat stablecoins represent to governmental monetary control, to ultimately…
Sebi on Friday proposed a comprehensive overhaul of the Foreign Portfolio Investor (FPI) framework, aiming to streamline registrations and introduce an abridged application option for related funds, even as the regulator seeks to ease compliance for global investors.In a consultation paper, the Securities and Exchange Board of India said the move is intended to enhance…
A business roadshow in Osaka on Friday, the fourth day of Punjab chief minister Bhagwant Mann’s Japan visit, saw active participation from industry representatives across sectors.Addressing the gathering, the chief minister said the presence of major industrial companies showed strong support for deepening India–Japan economic ties.Mann told investors that the focus is on creating opportunities…
Check out the companies making headlines in midday trading: Netflix , Warner Bros. Discovery — Shares of Netflix pulled back almost 3%, while Warner Bros. Discovery added almost 4% in midday trading after the streaming giant said Friday it’s reached a deal to buy WBD for $27.75 per share. But trading has been volatile as…
If your net income-tax liability exceeds Rs 10,000 in a financial year, you are required to pay advance tax in four installments as per the Income Tax Act, 1961. Net tax liability refers to the estimated tax due after adjusting for TDS. While this rule applies to most taxpayers, the law also provides key exemptions…
Paribu, one of Turkey’s largest digital asset platforms, has acquired crypto exchange CoinMENA for up to $240 million, marking the country’s biggest fintech acquisition and its first cross-border crypto deal, the company announced on Friday. CoinMENA, based in Bahrain and operating with licenses in both Bahrain and Dubai, is one of the top local exchanges…
NEW DELHI: Congress leaders on Friday launched a broadside against its Thiruvananthapuram MP Shashi Tharoor after he was invited for the Presidential dinner for Putin, while the government did not extend invites to Rahul Gandhi and Mallikarjun Kharge.Congress leader Pawan Khera said that members of Congress should understand the “game being played” by the Centre…
Bitcoin’s sharp pullback from its recent record high wiped out its year-to-date gains, and that’s led to questions about aggressive price targets for the cryptocurrency into 2026. But as important as where bitcoin’s price goes next is a question about the role bitcoin really serves in a portfolio: When will it consistently behave like a…
The US stock market edged closer to its all-time high on Friday, with Wall Street drifting toward the end of a relatively quiet week, AP reported. The S&P 500 rose 0.3% in early trade, leaving it just 0.2% below its record. The Dow Jones Industrial Average was up 46 points, or 0.1%, while the Nasdaq…
Catching up to the steep decline in the price of Strategy (MSTR), Cantor Fitzgerald’s Brett Knoblauch cut his 12-month price target for Strategy (MSTR) to $229 from $560, citing a weaker environment for raising capital tied to bitcoin BTC$90,977.49. The new target still suggests nearly 30% upside from the current price of $180, with Knoblauch…
