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NEW YORK — Terraform Labs co-founder Do Kwon was sentenced to 15 years in prison on Wednesday for his role in a massive fraud that saw roughly $50 billion wiped from the crypto ecosystem over the course of just three days in May 2022. The sentence, handed down by District Judge Paul Engelmeyer of the…
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MUMBAI: The recent steep rise in the price of gold has catapulted the total estimated value of the yellow metal with Indian households to over $5 trillion, pegging it at about 125% of the country’s GDP. However, this massive gold purchase year after year “represents a conversion of financial savings (bank deposits) into physical assets….
MUMBAI: Blame it on quick commerce that’s made Indians used to getting groceries and a host of other products including make-up, light jewellery items and occasionally even iPhones in 10 minutes, consumers now want their food to get delivered faster unless it’s a gourmet recipe or something they want to have at leisure. They would…
A majority of companies are unlikely to reduce salary hikes, even with higher wage bills resulting from the implementation of new labour codes, according to HR heads and compensation experts. However, increments may be moderated in certain sectors, particularly information technology.Costs for benefits such as gratuity, overtime, bonus, and leave encashment have increased after the…
NEW DELHI: Shashi Tharoor’s recent praise for Prime Minister Narendra Modi has ruffled some feathers in the Congress as fellow party leaders have questioned the move. Demanding an explanation for his praise, Tharoor’s colleague Sandeep Dikshit went on to ask “why are you in Congress” and even termed him a “hypocrite”.“Shashi Tharoor’s problem is that…
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…
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