CHANDIGARH: A day after Inderpreet Singh, alias Parry, a one-time trusted aide of gangster Lawrence Bishnoi, was gunned down on a Chandigarh street, two audio clips, purportedly of Goldy Brar, Lawrence’s rival, were released Tuesday containing a threat to kill Lawrence to avenge the murder, intensifying fears of a gang war.While police are verifying the…
For weeks, crypto has felt broken. We had the biggest liquidation event in the market’s history on October 10th. Bitcoin nuked. ETH and alts fell even harder. Since then, every “bounce” has died on contact. Everyone blamed U.S. President Donald Trump’s 100% China tariffs, macro, or over-leverage. All are valid explanations for why the market…
Big Short investor Michael Burry has cast doubt on Tesla’s lofty valuation and warned that CEO Elon Musk’s newly approved $1 trillion compensation package could place even more strain on shareholder returns. In a weekend post on his Substack newsletter, Burry wrote that the electric-vehicle maker’s market value is “ridiculously overvalued” and has been “for…
NGAPUR: The Nagpur bench of Bombay high court on Tuesday restrained Maharashtra State Election Commission (SEC) from announcing the results of first phase of municipal council and nagar panchayat polls on Dec 3, a day after polling, on the grounds that it may “prematurely disclose public mood”, and influence the next round of voting scheduled…
SRINAGAR: Over the past four days, a Himalayan black bear has been spotted nearly 10km apart at two premier institutions in Kashmir — University of Kashmir (UoK), Hazratbal, and Sher-i-Kashmir Institute of Medical Sciences (SKIMS), Srinagar’s leading tertiary-care hospital — triggering panic. The wildlife department has placed cages at key locations, deployed drones, and is…
American Bitcoin Corp. (ABTC), a U.S. focused bitcoin mining and treasury firm company founded by Eric Trump and Donald Trump Jr., saw its shares plunge as much as 50% on Tuesday. The drop came despite bitcoin rallying above $91,000 and gains for nearly all crypto-related stocks. According to Nasdaq data, trading volume surged to 55…
A Parliamentary panel has called for sweeping improvements to India’s insolvency framework, including a new advance ruling mechanism that would give stakeholders clarity even before a case is admitted under the Insolvency and Bankruptcy Code (IBC). The proposal is aimed at reducing avoidable litigation and safeguarding the time-bound nature of the resolution process, according to…
Navy chief Admiral Dinesh K Tripath NEW DELHI: India will early next year add some sharp teeth to its sea-based leg of the nuclear triad by commissioning its third nuclear-powered submarine, which is larger than the first two and capable of carrying more long-range nuclear-tipped ballistic missiles.The third such submarine, called SSBN in naval parlance,…
India’s three largest lenders — State Bank of India, HDFC Bank and ICICI Bank — will continue to be treated as domestic systemically important banks (D-SIBs), the Reserve Bank said on Tuesday, underscoring their critical role in the financial system and the need for stronger capital cushions. The designation requires the lenders to maintain higher…
The Pension Fund Regulatory and Development Authority (PFRDA) will create a dedicated NPS fund-of-funds platform to route pension money into selected alternative investment funds (AIFs), chairman S Ramann said on Tuesday, outlining a broader push to position pension assets as a stable source of long-term capital for India’s private markets. Speaking at IVCA DII &…
