MUMBAI: Reserve Bank of India has hacked through its regulatory rulebook in what it describes as a once-in-a-generation overhaul, consolidating circulars issued over seven decades of instructions into 244 master directions tailored to 11 categories of regulated entities. The exercise has eliminated 9,446 circulars, some dating back to 1944, replacing a dense and scattered web…
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NEW DELHI: The automobile industry has warned govt over possible disruptions in diesel vehicle operations and supply chains due to uncertainties in the availability of Technical Grade Urea (TGU), a key input used to produce Diesel Exhaust Fluid (DEF) due to the West Asia conflict.In a letter to govt, the Society of Indian Automobile Manufacturers…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Crypto markets are starting the year in recalibration mode rather than retreat,…
KOLKATA: In a major relief to thousands of migrant workers, students and NRIs summoned for physical SIR hearings, Election Commission on Wednesday said relatives of electors who live outside Bengal can appear for hearings on their behalf.Hearings for 94.5 lakh voters with logical discrepancies, which will begin on Thursday, will have to be completed by…
Crypto exchanges are increasingly offering bank-like services such as lending and yield products, but without the protection traditional financial institutions provide, according to a report issued Thursday by the Bank for International Settlements (BIS). “What looks like a high-yield savings product is, in reality, an unsecured loan to a lightly regulated shadow bank,” said the…
The US Nasdaq stock exchange is making SEC approval of its proposal to offer tokenized versions of stocks listed on the exchange a top priority, according to the exchange’s crypto chief. “We’ll just move as fast as we can,” Nasdaq’s head of digital assets strategy, Matt Savarese, said during an interview with CNBC on Thursday,…
Aviation giant Air India group on Tuesday revised its fuel surcharge across domestic and international routes, as Middle East tensions continued to weigh oil supplies across the globe. The move follows the decision by the ministry of petroleum & natural gas and the ministry of civil aviation to cap the increase in domestic aviation turbine…
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US President Donald Trump announced on Truth Social that he is taking steps to ban large institutional investors from buying single‑family homes in US. The MAGA chief said he will also ask Congress to codify the measure and plans to discuss broader housing and affordability proposals during his upcoming speech at the World Economic Forum…
