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Bitcoin and ether tumbled to multi-month lows on Friday as investors pulled back from riskier assets amid concerns over stretched tech valuations and fading expectations of near-term US rate cuts, Reuters reported. Bitcoin, the world’s largest cryptocurrency, dropped 5.5% to a seven-month low of $81,668, while ether slid more than 6% to $2,661.37, hitting a…
The US stock market opened higher on Friday, with the S&P 500 rising 0.4 per cent, the Dow Jones Industrial Average adding 242 points, and the Nasdaq composite advancing 0.5 per cent, following what was described as one of the most volatile sessions since April. The modest rebound came a day after markets rallied early…
The Reserve Bank of India (RBI) on Friday said the process of interlinking the Unified Payments Interface (UPI) with the Eurosystem’s TARGET Instant Payment Settlement (TIPS) platform has entered the realisation phase, marking a step towards enabling cross-border instant payments between India and Europe. RBI and NPCI International Payments Limited (NIPL) have been in discussions…
Sebi has barred mutual fund schemes from investing in pre-IPO share placements but will allow participation in anchor rounds of public issues, a source told PTI citing the move is intended to improve liquidity and ensure clearer valuation of companies ahead of listing.“We have asked mutual fund schemes not to invest in pre-IPO placement of…
India’s foreign exchange reserves rose sharply by $5.543 billion to $692.576 billion for the week ended November 14, driven largely by a surge in the valuation of gold holdings, according to data released by the Reserve Bank of India (RBI) on Friday.The rise follows a $2.699 billion decline in the previous reporting week, when total…
MUMBAI: Fraud and waste remain a costly drag on the health-insurance system with Rs 8,000–10,000 crore of leakages in claim payouts leak each year according to a report by Boston Consulting Group and Medi Assist.The report says that fraud and unnecessary claims push up insurance premiums, hurt insurers’ finances and waste public money. It also…
The Congressional Budget Office has lowered its projection of how much President Donald Trump’s tariff increases will reduce US budget deficits over the next decade. The non-partisan agency now expects the duties to cut deficits by $3 trillion through 2035, down from the $4 trillion estimated in August, as per news agency Reuters.According to the…
NEW DELHI: As AI-generated videos “featuring” Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, External Affairs Minister S Jaishankar and RBI Governor Shaktikanta Das circulate online claiming to offer investment advice, the government on Friday issued a clarification through PIB Fact Check stating that the clips are fake and digitally altered.According to PIB, the videos…
Navi UPI links with ONDC to enable metro QR ticketing Navi UPI has partnered with the Open Network for Digital Commerce (ONDC) to offer QR-based metro ticketing through its app, expanding digital access for commuters in Delhi, Mumbai and Bengaluru. The service allows users to plan routes, book single or return journey QR tickets and…
India is exploring deeper collaboration with Israeli startups across sectors such as cybersecurity, medical devices and mobility to strengthen its innovation ecosystem, Commerce and Industry Minister Piyush Goyal said during a visit to Tel Aviv, PTI reported. He said technology-driven cooperation is likely to form a key pillar of the proposed bilateral trade agreement.Goyal, who…
