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‘On its way to US’: Trump makes big claim on Venezuela oil; says ‘yes’ to 50 million barrels worth $4.2bn

Washington is working “along really well” with Venezuela, US President Donald Trump said on Sunday (local time), pointing to oil shipments from the country. Speaking to reporters aboard Air Force One, Trump was talking about US’s approach towards the new leadership in Caracas after Nicolas Maduro was captured by American forces. “Venezuela is really working…

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Stock market today: Nifty50 opens below 25,700; Sensex sheds over 300 points

Stock market today: Indian benchmarks began the week in red, as benchmark indices Nifty50 opened below 25,700 and Sensex was down over 300 points, on Monday. The indices came under pressure as persistent selling persisted, with investors remaining cautious due to ongoing unrest in Iran and rising crude oil prices.NSE benchmark Nifty50 was trading at…

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Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment

Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations. The move represents an unprecedented escalation in President Donald Trump’s battle with the Fed, an independent agency he has repeatedly…

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System update: FIU tightens rules for crypto transactions

NEW DELHI: In an effort to eliminate illegal activity in the digital asset market, India’s Financial Intelligence Unit (FIU) has unveiled stringent new anti-money laundering (AML) and know your customer (KYC) protocols for cryptocurrency exchanges, including mandatory liveness detection and geographical tracking during the onboarding process. The updated guidelines, issued on Jan 8, classify crypto…

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Deal St: Cognizant inks over $1bn contract with Novartis | India News

BENGALURU: Cognizant is learnt to have secured a deal worth over $1 billion from Swiss pharma major Novartis as part of a consolidation contract that includes renewals as well as new scope spanning application services, infrastructure, data and AI-led offerings, people in the know told TOI. This marks the second consecutive billion-dollar deal for Cognizant…

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