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BlackRock’s tokenized money market fund BUIDL has distributed about $100 million in dividends since launching in March 2024, according to tokenization firm Securitize, which serves as the product’s transfer agent and administrator. The fund, which invests in short-dated U.S. Treasuries, repurchase agreements and cash equivalents, has grown past $2 billion in value, making it one…
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Oil prices declined sharply on Tuesday as hopes of renewed talks between the US and Iran eased concerns over prolonged supply disruptions, even as underlying risks to global energy flows remained elevated. Brent crude futures fell $3.93, or 3.96%, to $95.43 a barrel, while US West Texas Intermediate (WTI) crude dropped $6.60, or 6.66%, to…
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MUMBAI: Tata Communications (Tata Com) has acquired 51% of US-based AI solutions provider Commotion for Rs 227 crore (about $26 million) as the broader Tata Group doubles down on AI-enabled businesses.Last month, TCS announced an investment of Rs 9,180 crore to develop AI data centres. Commotion, a three-year-old startup, also has a subsidiary in India.Acquiring…
BENGALURU: Ex-India captain Virat Kohli has invested Rs 40 crore in sports platform Agilitas Sports, co-founded by former Puma India MD Abhishek Ganguly. Agilitas is also acquiring One8, the sportswear brand co-created by Kohli, to fast-track its ambition of crafting India’s high-performance sportswear label.In April, Kohli ended his endorsement deal with Puma and has instead…
NEW DELHI: As India and Bangladesh look to work towards a pragmatic reset in ties, Bangladesh high commissioner Riaz Hamidullah Friday called on external affairs minister S Jaishankar and also commerce and industry minister Piyush Goyal.Jaishankar said that the conversation with Hamidullah was focused on advancing bilateral ties. In a social media post about the…
