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Terraform Labs, the company behind failed TerraUSD and Luna cryptocurrencies, has agreed to pay nearly $4.5 billion to settle a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), an SEC filing seeking a court approval for the agreement showed Wednesday.

Banks have started raising their fixed deposit rates for general customers and senior citizens both as they are trying to balance their own lending rates and deposit rates after the Reserve Bank kept the key interest rate unchanged for the eight straight time on June 7.  

The Chief Secretary of Uttar Pradesh, Mr. Anil Kumar Sagar, has instructed the CEO of the Noida Authority to de-seal the properties of M3M, effectively revoking the earlier decision, according to the company. This decision has brought immense joy to the homebuyers who have invested in the project.

PTC India Financial Services Ltd's (PFS) acting chairman Rajib Kumar Mishra from holding the director's post in any listed firm for six months and imposed a penalty of Rs 10 lakh on him for corporate governance lapses. Mishra is also the chairman and managing director of PTC India Ltd, a promoter firm of PFS. Also, the company's former MD and CEO Pawan Singh has been prohibited from holding any position of director or key managerial personnel in any listed firm or any intermediary registered with Sebi for a period of two years. Further, the regulator slapped a fine of Rs 25 lakh on Singh.

Summit Trail Advisors, a prominent boutique wealth management firm managing $18 billion in client assets, is broadening its footprint across the US with a key acquisition.

The Global X Bitcoin ETP (BTCX) and Global X Ethereum ETP (ETHX) will track the long-term growth potential of the cryproassets, respectively. Both products are subject to a fee waiver, which was implemented when the options initially listed on the SIX Swiss Exchange and Deutsche Börse Xetra two week ago. Global X ETFs hires CEO from Goldman Sachs AM after senior executive exodus The waiver is scheduled to last until 3 January 2025, after which a 0.29% arranger fee for both products will come into effect. Coinbase Custody International will act as a «secure cryptocurrency custodi...

Chennai: Sundaram Home Finance has launched an 'emerging business' vertical as part of its diversification move and has set a target to disburse Rs 300 crore during this financial year in this segment, a top official said.

Bitcoin (BTC) has attracted tech enthusiasts and investors alike, often making headlines with its dramatic price movements. Its journey from trading at just $1 in 2011 to surpassing $73,000 by 2024 has been a rollercoaster of meteoric rises and significant declines. Historically, Bitcoin has been synonymous with volatility, witnessing notable fluctuations in its price over the years. In 2012, it saw modest gains, starting the year around $13 and closing at $732 by the end of 2013. The extraordinary surge in 2017 saw Bitcoin's price skyrocket from around $1,000 to a peak of $19,188 by December. This momentum carried into 2021, smashing previous records as it surpassed $60,000 in April, peaking at $64,895 mid-month, before declining to below $20,000 by mid-2022.

To stay competitive, bank executives are keen to implement generative AI into their company’s daily operations, but they are being met with resistance from the workforce, according a global study from IBM.

Election Commission into remote corners of the country to airlifting EVMs, the IAF played a vital role in the recently-held general elections, with its aircraft flying more than 1,000 hours in over 1,750 sorties. The Indian Air Force on Wednesday shared details about the helping hand it lent to the electoral machinery in the conduct of the Lok Sabha polls.

Ineos Styrolution announced that it will permanently shutter operations in southwestern Ontario after both the provincial and federal governments enacted new rules aimed at curbing benzene emissions at its plants.

Neal Mohan took charge YouTube in February 2023, after one of Google's founding employees, Susan Wojcicki, decided to step down from the role.A Stanford graduate, Mohan became part of Google, YouTube's parent company in 2008 and before becoming CEO, was chief product officer of the company.Speaking to Bloomberg about the video streaming platform's vision for the future, outlook on artificial intelligence and creators' economy, Mohan was optimistic that this is “still early days" for YouTube.Track | Markets LIVE Updates here“I want to be a place where we are the best place to create, to share, to watch, a video that you can think of regardless of where you are in the world or what device you're on. That's our that's that's my vision.

Ahead of L&G's capital markets day today (12 June), the group shared plans to merge LGIM and the alternative assets platform Legal & General Capital as a «unified, global, public and private markets asset manager». A global search to replace Scrimgeour, who has held the role of CEO at LGIM for five years, has started. However, she will continue as CEO of the legal entity, LGIM (Holdings) Limited, until an appointment is made. She will also lead the transition and establishment of the new division with L&G Capital chief Laura Mason, who has been appointed CEO of private markets. Both w...

As of 12:16 am IST, Bitcoin was trading 0.5% lower at $67,337, while Ethereum dropped 0.9% to $3,519. Concurrently, the global cryptocurrency market cap also saw a 0.65% decline, hovering around $2.45 trillion in the last 24 hours.

BENGALURU : Shortly before Nykaa listed on the bourses in November 2021, founder and chief executive Falguni Nayar expressed her intention to make the beauty and fashion marketplace a “house of brands", rather than just a multi-brand retailer. Nearly three years later, Nykaa continues to be driven by this proposition for both the beauty and the fashion segments, investing and carefully building out its strategy hoping that it will compound over time. The progress is interesting.

Market LIVE Updates hereWhen asked to elaborate on why he doesn't like firing people, Huang told The Transcript that he "would rather improve you than give up on you"."When you fire somebody, you're saying, a lot of people say: 'it wasn't your fault', or 'I made the wrong choice', or 'there are very few jobs'. Look, I used to clean bathrooms, and now I'm the CEO of a company. I think you can learn it.

National Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, says it has ended talks on a possible merger of Paramount with movie production company Skydance Media

Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the court to direct the Tesla CEO to return "unlawful profits." The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk's $56 billion pay package, after a Delaware judge voided it in January because she found that Musk had improperly controlled the process.

gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up the metal to hedge against geopolitical and economic uncertainty. Spot gold is trading a little over $2,300 per ounce, up about 12% year-to-date and only about 6% shy of the record high it hit last month.

«No, we opted for slight shift, sector rotation into the consumption and like you mentioned the broader lower, the rural consumption. See, one of the things with coalitions is that you will definitely expect a little bit of more revenue expenditure to go down the thing,» says Sunil Subramaniam, MD & CEO, Sundaram Mutual. What is it that you have done in the last week? Were you a seller in Tuesday's weakness and then a buyer thereof or were you buying on Tuesday when everyone was in panic mode? Yes, we were continuous buyers. Because the panic was essentially a concern driven around the coalition dharma and how that would affect allocations the government to capex and all of those kind of worries, whether the government would indeed be strong, would the two main support partners of the NDA drift away or not.