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South Korean retail traders have kept piling into Ether hoarder BitMine Immersion Technologies Inc. even after the U.S.-listed stock collapsed more than 80% from its July peak, turning it into one of the year’s most extreme examples of speculative demand surviving a wipeout. BitMine is set to close 2025 as one of the most popular…
The Centre is reportedly considering rolling back rules that have kept Chinese companies out of government contracts since 2020, signalling a possible reset in commercial engagement as diplomatic and border tensions ease. According to two sources cited by Reuters, finance ministry is working on a proposal to eliminate limitations that forced Chinese bidders to register…
MUMBAI: Star Health Insurance, the largest health insurance company in the country, expects most cashless hospitalisation claims to be settled straight through using artificial intelligence within two years. Currently, a fifth of the claims are settled using AI helping the company meet the timelines for pre-admission and post-discharge hospitalisation.A directive from the regulator requires completion…
Strategy would consider selling Bitcoin only if its stock falls below net asset value and the company loses access to fresh capital, CEO Phong Le said in a recent interview. Le told the What Bitcoin Did show that if Strategy’s multiple to net asset value (mNAV) were to slip under one and financing options dry…
MUMBAI: Gold loans are booming. Lending against the yellow metal is expanding at triple-digit rates of 128% year-on-year, propelling personal loans, which in turn underpin the 14.4% overall growth in bank credit as of Jan 31.Data from RBI on the sectoral deployment of bank credit shows personal loans outpacing all other segments. At 34.5%, they…
Losses from VDAs cannot be set off — not against other income, nor even against gains from another crypto asset. The Central Board of Direct Taxes (CBDT) has raised fresh concerns about the risks posed by virtual digital assets (VDAs) such as cryptocurrencies, aligning its stance with that of the Reserve Bank of India (RBI)….
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