The European Union’s recently-adopted Markets in Crypto Assets (MiCA) regulations is beginning to reshape the region’s digital-asset industry, creating new opportunities and barriers for firms seeking to operate across the bloc, a Swiss-based crypto wealth platform said. Swissborg, which boasts one million registered users and $1.3 billion in assets under management (AUM), is among the…
NEW DELHI: In an unusual development, TMC MPs had sought an appointment with President Droupadi Murmu to apprise her about the welfare initiatives taken by the Bengal govt. However, Rashtrapati Bhavan turned down their request citing “paucity of time”, as per sources.This comes after a political row errupted over allegations of protocol lapses during Murmu’s…
NEW DELHI: As part of its tariff pressure, the US Trade Representative has launched a section 301 investigation against 15 countries, including India, to ascertain if there is structural excess capacity and production in manufacturing sectors.Based on the outcome of the probe – which follows US Supreme Court’s rejection of Donald Trump’s reciprocal tariff using…
BENGALURU: With the West Asia crisis escalating and recent Iranian strikes targeting the UAE, several IT companies and global capability centres (GCCs) have activated their business continuity plans (BCPs), introducing measures such as work-from-home, travel advisories and temporary office closures.Amid rising geopolitical uncertainty, many tech firms and GCCs are increasingly relying on India as a…
NEW DELHI: The Lok Sabha on Thursday witnessed a ruckus after Rahul Gandhi was interrupted during his speech on the energy crisis when he took a jibe at oil and gas minister Hardeep Puri for his name allegedly appearing in the files of an American sex-offender. He also attacked the govt over the US waiver…
Anxiety over LPG shortage has spilled over to the domestic sector, fuelling panic bookings of cooking gas cylinders, while server glitches in the IVRS and other online booking systems are prompting people to queue up outside distribution agencies, compounding the chaos and fraying the nerves of consumers as well as suppliers across the country.Despite govt’s…
War, Oil, Markets: HSBC’s Bold Bet on the Gulf Amid Iran vs US-Israel Crisis Even as geopolitical tensions escalate across the Middle East, global banking giant HSBC has publicly reaffirmed its confidence in the long-term economic strength of the Gulf Cooperation Council (GCC) economies, signalling that international financial institutions are not retreating from the region…
NEW DELHI: ED on Wednesday attached 31 land assets worth more than Rs 582 crore associated with Anil Ambani and his Reliance Home Finance Limited and Reliance Commercial Finance Limited.These properties are located across 13 states and the attachments are the result of searches on Reliance Power on March 6. The total attachment against Ambani…
A crypto user lost roughly $50 million in a single transaction on Thursday after executing a large token swap that triggered massive slippage. Blockchain data shows that the wallet attempted to swap $50,432,688 aEthUSDT – an interest-bearing token representing Tether’s USDT stablecoin deposited into the Aave decentralized lending protocol on the Ethereum network – for…
NEW DELHI: India co-sponsored a resolution in UN Security Council that condemned the “egregious” attacks by Iran against Gulf Cooperation Council countries and Jordan and demanded immediate cessation of all attacks by Tehran while denouncing its threats of closure of the Strait of Hormuz.The 15-nation Security Council, currently under the presidency of the US, adopted…
