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Navi Mumbai airport opens today with 30 domestic flights (Picture credit: PTI) MUMBAI: Navi Mumbai International Airport (NMIA) opens to commercial operations on Thursday after years of missed deadlines, opening a second gateway for air travel in the Mumbai region. The day will see four airlines operating about 30 domestic flights at India’s newest greenfield…
NEW DELHI: Three students of a government college in Dharamshala, Himachal Pradesh, have been booked for ragging and voluntarily causing hurt, while a college professor has been accused of sexually harassing a 19-year-old woman who later died, police said on Friday.The student died during treatment at a hospital in Ludhiana on December 26. The case…
Why the Weak Rupee and Peso Are Turning Into a Remittance Windfall for UAE Expats and Should You Send Money Now? A softening Indian rupee, Pakistani rupee and Philippine peso, trading near multi-year lows against the UAE dirham, is emerging as a remittance opportunity for expatriates in the UAE, prompting many workers to rethink when…
File photo (Picture credit: AP) Wall Street edged lower on Tuesday as a mixed start to the latest earnings season and a largely expected inflation update failed to give markets clear direction.The S&P 500 slipped 0.3 per cent, while the Dow Jones Industrial Average fell 244 points, or 0.5 per cent, by mid-morning trade. The…
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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A multibillion-dollar crypto asset manager cites several reasons for the bitcoin plunge, but he’s listing “the four-year cycle” as the No. 1 downward catalyst. According to Matt Hougan, chief investment officer at Bitwise Asset Management, it’s a phenomenon that’s happened three other times in the crypto market. “People are looking for one thing to blame…
Babylon Labs has raised $15 million in funding from a16z crypto to support the development and scaling of Babylon Trustless BTCVaults, an infrastructure system designed to allow native bitcoin to be used as collateral across onchain financial applications, the company said in a blog post Wednesday. The platform’s BABY token was higher by 13% after…
HONG KONG — Oleg Ogienko, A7A5’s director for Regulatory and Overseas Affairs, is looking to debate anyone who accuses him of breaking any compliance laws through his stablecoin company. Speaking to CoinDesk during Consensus Hong Kong, the public face of the Ruble-denominated stablecoin issuer A7A5 — which grew faster last year than USDT or USDC…
