A federal judge has blocked the state of Arizona from bringing criminal charges against prediction market provider Kalshi, at least temporarily, in response to a motion from the Commodity Futures Trading Commission. District Judge Michael Liburdi, in the District of Arizona, ruled Friday that Arizona cannot hold an arraignment of Kalshi as scheduled on Monday,…
NEW DELHI: Indian Army has cleared Colonel Prasad Shrikant Purohit’s promotion to the rank of Brigadier following his acquittal in Malegaon blast case and his plea before the armed forces tribunal (AFT) that he should not be retired before his request for promotion is reviewed.“The order to promote Col Purohit to the rank of Brigadier…
NEW DELHI: As the world scrambles to recover from the biggest energy shock in decades triggered by the West Asia conflict, India should be cautious about relying on traditional supply assumptions, particularly its proximity to the West Asia for sourcing oil and gas, ONGC chairman and CEO Arun Kumar Singh said on Friday. India, which…
To woo women voters in Assam, BJP and Congress have pitched competing cash-transfers. In Assam, the BJP sankalp patra promised that the monthly direct bank transfer under Orunodoi scheme would be increased to Rs 3,000 for women and that it aims for 40 lakh “lakhpati baideos , a flagship initiative to economically empower women. Congress,…
Reserve Bank of India on Friday proposed a simpler way to identify large non-banking financial companies (NBFC) for stricter regulation, pegging it to assets of over Rs 1 lakh crore, replacing a complex scoring system. The proposed shift has immediate implications for large financial holding companies. Tata Sons, with a standalone asset size of Rs…
NEW DELHI: After months of haggling, the auto industry seems to have been comforted by the latest draft of the Corporate Average Fuel Efficiency (CAFE 3) norms, which encourage the use of new technologies and target major improvements, starting April 2027. CAFE are govt-mandated norms to reduce fuel consumption and carbon dioxide across a carmaker’s…
Shapoor Mistry too calls for public listing SP group chairman Shapoor Mistry, who represents the single largest minority shareholder in the Tata group, on Friday sought a public listing of Tata Sons as a “necessary” step that would secure and unlock value for stakeholders and boost the income of the trusts. The pitch came after…
Japan’s cabinet has approved a draft amendment that would classify cryptocurrencies as financial products, marking a shift in how the country regulates the sector. The proposal brings crypto assets under the Financial Instruments and Exchange Act, a framework used for stocks and other securities, Nikkei reported. If passed during the current parliament session, the law…
MUMBAI: Tata Sons chairman N Chandrasekaran on Friday asked Air India employees to focus on cost control, improve services and “stay grounded” in the reality of the challenging situation, while reiterating the group’s continued commitment to the airline. Addressing an employee town hall at the Air India Group’s headquarters in Gurugram, Chandrasekaran said, “While our…
NEW DELHI: Observing that inflationary pressures do not discriminate between a serving employee and a pensioner, hitting the two equally, Supreme Court Friday held that fixing differential rates of enhancement of inflation-linked dearness benefits for the two categories is arbitrary and cannot be allowed. A bench of Justices Manoj Misra and Prasanna B Varale disapproved…
