Landmark Financial News

The Securities and Exchange Commission (SEC)’s move to start a public comment period for spot Bitcoin (BTC) ETF applications earlier than expected has stirred up optimism around the launch of these products. 

A former inmate at the Brooklyn Metropolitan Detention Center has revealed details of Bankman-Fried’s life in prison leading up to his landmark fraud trial.

Talos – a digital trading infrastructure provider – has teamed up with Uniswap and Fireblocks to connect institutional traders to the decentralized finance (DeFi) ecosystem.

Binance has announced the world’s first cryptocurrency triparty arrangement with a third-party banking partner, according to a press release put out by the crypto exchange Wednesday.

Royal Bank of Canada beat analysts’ earnings estimates after reporting strong capital-markets performance and a tax adjustment in the company’s favour.

climate change. This year, four topics are expected to dominate the negotiations: a report on the worldwide implementation of the landmark Paris accord called the “global stocktake," the future of fossil fuels, climate finance for poorer countries and the setting up of a fund to pay for climate damage. The meeting in Dubai is the 28th conference of the parties—or COP28—to the United Nations Framework Convention on Climate Change, the global climate treaty signed in 1992 in Rio de Janeiro.

Henry Kissinger, a controversial Nobel Peace Prize winner and diplomatic powerhouse whose service under two presidents left an indelible mark on U.S. foreign policy, died on Wednesday at age 100, according to his geopolitical consulting firm Kissinger Associates Inc.Kissinger died at his home in Connecticut, Kissinger Associates said.Kissinger had been active past his centenary, attending meetings in the White House, publishing a book on leadership styles, and testifying before a Senate committee about the nuclear threat posed by North Korea.

Gautam Trivedi, Co-Founder & Managing Partner, Napean Capital, says “the market is now starting to accept that there is a certain different valuation metric we should be applying to the new age tech companies. These companies are changing the way we live and behave, whether it is Zomato, whether it is insurance online or Paytm. Going forward, these are companies you want to keep owning from a longer term perspective.” Let us look at something which is in the public domain, something which we have discussed in the past, your top holdings, Varun Beverages, Landmark, Inox Wind, Sampada. Have your top five holdings changed or are they still intact? These are the top five holdings on a mark to market basis. So these are actually companies that we are a bit more of a special sits (situations) fund. We look for steady compounders as well. Varun Beverages, interestingly, was a special sits which became a steady compounder. Landmark Cars, is the other sector which is compounding – the auto space. Inox Wind, is a special sits investment because the government policy has changed favourably towards wind power because there was too much focus on solar given the fact that solar energy is only available from eight o'clock in the morning to about 4.30 or 5.00 p.m. in the afternoon.

Henry Kissinger, a controversial Nobel Peace Prize winner and diplomatic powerhouse whose service under two presidents left an indelible mark on U.S. foreign policy, died on Wednesday, according to Kissinger Associates Inc. Kissinger died at his home in Connecticut, Kissinger Associates said. Kissinger had been active past his centenary, attending meetings in the White House, publishing a book on leadership styles, and testifying before a Senate committee about the nuclear threat posed by North Korea.

Virgin Atlantic flew its landmark flight on November 28, 2023, based on 100 per cent sustainable aviation fuel (SAF) from Heathrow Airport in London to the John F Kennedy International Airport in New York, which landed today on November 29. The flight is being called Flight100, marking a significant milestone towards Net Zero by 2050. UK Prime Minister, Rishi Sunak, in an Instagram post, said, "Our Government has made up to £1 million of funding available to support the project.

NEW DELHI : European multinational companies facing hefty tax demands in India have filed a review petition urging the Supreme Court to follow the Vienna Convention in interpreting the most-favoured nation (MFN) clause in tax treaties, two people familiar with the matter said. Ruling on a batch of five petitions, a landmark 19 October Supreme Court verdict had backed the tax department in the matter, effectively doubling the withholding tax outgo of these companies, and potentially opening up more companies to similar tax demands. The aggrieved companies soon filed review petitions; among them, Steria India challenged a tax ruling pertaining to the India-France tax treaty.

Bhongir in Yadadri Bhuvanagiri district (old Nalgonda) has a historic setting rooted in the idealism of a bygone era but it now hosts an election contest that mirrors the realities of new-age politics, driven by resourceful candidates in pursuit of state power. Bhongir also has been a landmark in the long history of agitation and struggle in the erstwhile united Andhra Pradesh state for creating a new Telangana state. Much before K Chandrashekhar Rao and his TRS (now BRS) came to be identified as the harbingers of Telangana state, it was here way back in 1996, when the now defunct Telangana Jana Sabha, enjoying the patronage of the Maoists and other activists, passed the 'Bhongir Telangana Declaration', de manding a separate state. Once the hotbed of Maoism and the People's War Group, Bhongir has seen many mobilisations as well as many bloody encounters and murders including that of Belli Lalitha, the revolutionary folk singer.

A hearing has begun to help determine whether a Georgia railroad can legally condemn property to build a rail line

In a high-profile showdown, Rome, Busan, and Riyadh are the top contenders to host the next World Expo, in 2030, as the organizing body prepares to vote on Tuesday in Paris

COP28 host the United Arab Emirates planned to discuss possible natural gas and other commercial deals ahead of U.N. climate talks that begin this week, an investigation by the BBC and the Centre for Climate Reporting (CCR) said on Monday. The climate summit will be the first global assessment of progress since the landmark Paris Agreement in 2015, which set a goal of limiting global warming to well below 2 degrees Celsius (3.6 degrees Fahrenheit), while aiming for a cap of 1.5C. Climate scientists have said achieving that goal depends on phasing out fossil fuels. The investigation cited leaked documents, which it said were prepared for COP28 President-designate Sultan Al Jaber for meetings with at least 27 governments. They included talking points to further ADNOC's interests in LNG or petrochemicals, as well as state renewables firm Masdar's interests in renewables and other climate-mitigation measures. A COP28 spokesperson told Reuters the documents were «innacurate». «The documents referred to in the BBC article are inaccurate and were not used by COP28 in meetings,» a COP28 spokesperson said.

S Jaishankar on Sunday paid homage to the victims on the 15th anniversary of the 26/11 Mumbai terror attacks. Taking to his official handle on X, the External Affairs Minister said India remains committed to bringing the perpetrators of «these horrific acts» to justice. «It is 15 years today since the 26/11 Mumbai terror attacks. Our quest to bring those responsible for planning and executing these horrific acts to justice continues,» Jaishankar posted from his official handle on X, formerly Twitter. On November 26, 2008, a group of 10 heavily-armed terrorists, belonging to the Pakistan-based Lashkar-e-Taiba, unleashed a macabre dance of death in the country's commercial capital. Holding the city under siege over four days, the terrorists killed 166 civilians, including foreigners.

₹3,127-crore Landmark Cars, the only listed car dealership chain in India, is looking to expand its business through acquisitions and by leveraging new partnerships with companies such as MG Motor India and Mahindra & Mahindra (M&M). The acquisition route is not new for Landmark. A quarter of its 117 outlets consists of dealerships it has bought out from previous owners.

Nigeria's Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has   announced   a landmark achievement in the nation's digital transformation journey. The 3 Million Technical Talent (3MTT) initiative, a strategic program designed to advance artificial intelligence (AI) skills among Nigerians, has successfully attracted over one million applicants. This remarkable response, disclosed on November 8, 2023, on a platform formerly known as Twitter, represents a significant stride in Nigeria's ambition to become a hub of technological talent.

BNP Paribas SA is imposing new financing restrictions as part of an updated policy around how to treat clients in the mining industry. The European Union’s biggest bank will no longer provide financing to projects dedicated to the extraction of metallurgical coal, according to an emailed statement late on Wednesday. “This new commitment is part of BNP Paribas’ efforts to align its credit portfolio in the steel sector with its net zero commitment," the bank said in the email.

By Christoph Steitz

German automaker, Volkswagen (ETR:VOWG_p) revealed Wednesday its decision to increase salaries for production workers at its Chattanooga assembly plant in Tennessee by 11%. This announcement comes weeks after the United Auto Workers union secured substantial pay and benefit raises from the Detroit Three automakers.