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Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield

Stablecoin yield would be prohibited under a newly released agreement addressing that contentious part of the crypto market structure legislation in an approach that’s broadly similar to what’s been discussed since the start of the year. The new section of proposed Digital Asset Market Clarity Act text released Friday revealed that the compromise hashed out…

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Middle East Conflict Airline Profits: Middle East conflict to cut airline profits 10-15% this fiscal as ATF costs, rupee pressure bite: Report

Operating profits of Indian airlines are expected to decline 10-15 per cent this fiscal year as elevated aviation turbine fuel (ATF) prices, airspace restrictions and rupee depreciation caused by the Middle East conflict weigh on the sector, a Crisil report said on Wednesday.The rating agency estimated that the combined operating profit of domestic airlines could…

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Byju’s founder Raveendran sentenced to six months in jail for contempt of court: Report

Byju Raveendran (file photo) Byju Raveendran, founder of the collapsed edtech company Byju’s, has been sentenced to six months in prison by a Singapore court in a contempt case, according to people aware of the development who told Bloomberg.The court directed Raveendran to undergo jail time after finding that he had failed to comply with…

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Evening news wrap: Iran, US truce talks begin; Artemis II completes milestone lunar return | India News

US and Iran peace talks began in Islamabad. Nasa’s Artemis II returned safely, completing the historic lunar mission with the Orion capsule safely splashing down in the Pacific. PM Modi targeted TMC on corruption and infiltration, promising faster CAA citizenship for eligible refugees if BJP wins. White House denied agreeing to unfreeze Iranian assets amid…

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