Compilation Financial News

Decentralized finance (DeFi) platform Curve Finance has announced its plan to refund users affected by the recent attack that resulted in a loss of $62 million. The incident, which occurred on July 30, 2023, involved a malicious hacker exploiting security vulnerabilities in Curve Finance's Vyper compiler, specifically targeting versions 0.2.15 to 0.3.0.

BitMEX co-founder, Arthur Hayes, projects an optimistic outlook for Bitcoin, especially in light of the Federal Reserve's current monetary policies. 

World Trade Organization (WTO) agreements, and will also continue to assist developing countries and least developed countries (LDCs). However, like several other G20 meetings, the text on Ukraine war and its impact on global economy became a point of contention between the member nations, chiefly Russia and China. Russia rejected the inclusion of geopolitical Para 32, saying it doesn’t conform to the G20 mandate and recognizes the status of Para 32 as Chair’s Summary.

monsoon season in India so far has been marred by extreme weather events, from humid heat waves to cyclones to torrential rains. Scientists blame climate change. They say it has been altering the monsoon patterns along with weakening its circulations.

Amidst a flurry of noteworthy developments in the crypto world, Bitcoin witnessed a slight dip, trading at $26,126 with a over 1% decrease on Friday. 

₹2.5 crore abroad but could cost only ₹60 lakh under Bharat NCAP. This could even encourage companies that get their vehicles tested at NCAP-accredited centres in Europe, particularly Germany, to shift testing to India.

Canada (IRCC) is planning to implement a new Trusted Institution framework to its student visa programme by 2024.This framework is a key component of a larger strategy aimed at modernizing the International Student Program (ISP) operated by the IRCC. Although specific details remain limited at this stage, according to reports, the central concept revolves around evaluating post-secondary institutions based on specific criteria that demonstrate their reliability as partners in areas including sustainable intake, identification of genuine students, compliance monitoring and reporting, and ensuring a safe and enriching experience for international students. Institutions meeting certain criteria will be designated as Trusted Institutions. While the full implications of this designation are not yet fully clarified, the IRCC has indicated that Trusted Institutions may benefit from streamlined and expedited processing for their applicants. Currently, any Canadian institution admitting international students must be classified as a Designated Learning Institution (DLI), approved by their respective provincial or territorial government.

Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Incessant rainfall once again is wreaking havoc in the northern part of the country, while imposition of export duty on onions has caused an uproar. Meanwhile, the popularity of Prime Minister Narendra Modi is far from fading even after nine years.

Nearly 1 in 3 investors would use artificial intelligence as their financial advisor, a new survey suggests — and that has the potential to lead to flawed advice, experts said.  

Indian startups have quit their posts this year to date, amid the deepening funding winter and regulatory concerns, a significantly higher number than previous years, the media reported. Data compiled by Fintrackr showed that in the first eight months this year, nearly 20 startup CEOs have left their position to either join a new firm or continue in the same company in a different role. In January, edtech company upGrad's CEO Arjun Mohan quit after a nearly three-year stint. Last month, he joined Byju's to lead its international business. Prashant Jhaveri, chief executive of Flipkart's online pharmacy Flipkart Health+, also left the firm after serving more than a year at the company, reports entrackr. Fintech startup Slash and grocery tech startup Milkbasket are yet to announce their new CEOs. Throttle Aerospace's CEO reportedly stepped down from the company. In March, DailyRounds' CEO Deepu Sebin and FreeCharge's CEO Siddharth Mehta announced their resignation after serving for several years at the helm. In May, all three co-founders including CEO of buy now pay later (BNPL) startup ZestMoney resigned. Some startup founders also quit as CEOs voluntarily or were elevated to a new role. For example, co-working space provider 91Springboard has replaced its CEO Anand Vemuri with Anshu Sarin, the report mentioned. Logistics startup Porter promoted its CEO Pranav Goel to executive vice chairman. Consumer electronic brand boAt, higher education edtech platform DataTrained, and Skincare brand SkinQ also promoted their CEOs to a new role within the company. Some of the startups also saw layoffs. Cuemath laid off 100 employees and re-appointed Manan Khurma as its CEO.

Toronto-Dominion Bank saw its expenses and provisions for credit losses rise in the third quarter, another signal that borrowers are feeling squeezed by aggressive rate hikes.

TORONTO — Royal Bank of Canada says its third-quarter profit rose compared with a year ago and said it remained focused on reducing costs and expected to continue to trim jobs.

The prospect of global interest rates remaining higher for longer is tipping the case for many investors to switch into bonds from stocks.

By Samuel Indyk and Ankur Banerjee

NEW DELHI : India may extend duty restrictions to exports of non-basmati parboiled rice and impose a minimum export price (MEP) for the basmati variety depending on the situation, following the ban on white rice exports in response to escalating prices of the staple. The government is exploring to impose a 20% duty on non-basmati parboiled rice exports, while an MEP of around $1,250 per tonne could be levied on basmati rice, two officials aware of the plan said on condition of anonymity. However, the decision will depend on several factors, including domestic rice prices, they added.

NEW DELHI : Strong domestic cement demand led to cement companies reporting strong double-digit volume growth during the previous quarter but the limited improvement in realisations and lower-than-expected decline in costs meant that overall performance was a mixed bag. Data compiled by Mint for 42 cement companies showed that the net profit improvement was tepid at 5.8% year-on-year (y-o-y) during Q1. Also, on a sequential basis the net profit declined 12%.

Crompton water heaters are innovative, aesthetic and energy-saving appliances that provide quick and consistent heating, even with hard water with high TDS. We have compiled a list of our picks for the best Crompton geysers in India. Take a look to choose your favourite.

terrorism were arrested in Jammu and Kashmir after the abrogation of Article 370, marking over five times increase in such arrests compared to the four-year period from 2015-2019, official data said.

artificial intelligence (AI) cannot be subject to copyright, according to reports. The judge's decision came on Friday within the context of a legal case involving the US Copyright Office's denial of copyright to Stephen Thaler for an AI-generated image crafted using the Creativity Machine algorithm he had developed. Thaler had pursued copyright protection for the image, intending it to be categorized as a «work-for-hire» for the possessor of the Creativity Machine.

HRW) said on Monday. In a 73-page report, the rights group said Saudi guards used explosive weapons to kill some migrants and shot at others from close range. It compiled testimony from 38 Ethiopians who tried to cross the Yemen-Saudi border between March 2022 and June 2023, as well as four relatives or friends of migrants. Human Rights Watch said attacks against groups of migrants, who used remote mountain tracks to cross into Saudi Arabia by foot, were «widespread and systematic» and that the «killings are continuing». A Saudi official, who did not provide their name, said on Monday in an emailed response to questions to the government's media office that HRW's allegations were «unfounded and not based on reliable sources.» Saudi authorities have also strongly denied allegations made by U.N.

Anushka Sharma, and Katrina Kaif. The troubles for the famed actor began when during a recent live session where Ranbir Kapoor's wife and acclaimed actress Alia Bhatt mentioned that she had to remove her lipstick on Ranbir's insistence. During the interaction she revealed that Ranbir Kapoor would often ask her to “wipe off" her lipstick when he was her boyfriend because he liked her natural lip colour.