Opinions Financial News

Supreme Court on Tuesday allowed the Insolvency and Bankruptcy Board of India (IBBI) petition and transferred to the Bombay High Court various petitions pending before the high courts of Delhi and Madhya Pradesh. This was done after the IBBI pleaded that such transfer either to the apex court or to any of the HCs was necessary to avoid multiplicity of proceedings and confusion caused by possible divergence of opinions by different HCs. The three petitions pending before the HCs of Bombay, Delhi and Madhya Pradesh have challenged the vires of the Regulation 31 A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution process for Corporate Persons) Regulations, 2016 by questioning the powers of the board to issue sub-ordinate legislation. The Fifth amendment to the CIRP Regulations, which was notified on September 20, 2022 and came into force from October 10, last year, had inserted the provision relating to the payment of regulatory fees to IBBI under the Regulation 31(ba) read with Regulation 31A of the CIRP Regulation.

Also Read: Same-Sex Marriage Verdict LIVE Updates: SC refuses to give marriage equality rights to LGBTQIA+ community in India The Constitution bench of the Supreme Court, consisting of Chief Justice DY Chandrachud and Justices Sanjay Kishan Kaul, S Ravindra Bhat, Hima Kohli, and PS Narasimha, issued its judgment regarding various petitions concerning the marriage equality rights of the LGBTQIA community. Here are the opinions of the five judges: “Union Government will constitute a committee to decide the rights and entitlements of persons in queer unions. This Committee to consider to include queer couples as 'family' in ration cards, enabling queer couples to nominate for joint bank accounts, rights flowing from pension, gratuity etc.

By Satawasin Staporncharnchai and Chayut Setboonsarng

From Qantas’ descent to the prime minister’s diminished Yes campaign and what Cristiano Ronaldo’s $313m contract shows about oil. Here are the 10 best opinion reads from the week.

I can predict one thing with certainty about anyone who reads this week’s Ontario Court decision about Jordan Peterson and the College of Psychologists: they will be stricken with overwhelming boredom.

Elon Musk’s rebranding of Twitter to X elicited excitement, exasperation and effrontery from users as they adjusted to the billionaire’s latest change in remaking the social-media platform he acquired last year. Reactions in the Twitterverse after Musk’s announcement on Sunday ranged from dismay at Musk bringing an end to Twitter’s globally recognized blue bird brand to jokes and sarcasm about the new “X" branding to excitement about the billionaire’s ambition to turn X.com into a so-called everything app—in which the platform would offer an array of services including audio, video, messaging and banking.

This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions. That those who lean to opposite ends of the political spectrum think differently from each other is obvious.

The launch of blockchain-based digital passport platform Worldcoin has had a polarizing effect on the cryptocurrency community, with questions around its centralization, privacy and security highlighted.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Twitter rival, Threads. The Facebook and WhatsApp parent is positioning the app as an extension of its Instagram platform, though it is a standalone application with features that are similar to Twitter. Experts ET spoke with said the app may dent Twitter’s user base in India, especially among the young people.

Bitcoin, the leading cryptocurrency, is currently trading at $30,869, experiencing a 1.10% decrease on Wednesday. 

A brand new, revolutionary Shiba Inu dog-inspired meme coin project called Love Hate Inu is generating huge hype within the crypto space.

On Dec. 28, Cointelegraph’s Crypto Trading Secrets podcast interviewed trader Nebraskangooner, gathering his opinions on several topics. “Flat and completely sideways and uneventful,” Nebraskangooner said when asked about his thoughts on Bitcoin’s (BTC) price lately. 

Bitcoin (BTC) inflows to largest exchange Binance just saw a giant spike reminiscent of the 2018 bear market capitulation.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

One of the reasons inflation got out of control in the 1970s is that policy makers had heterodox theories about its cause, such as powerful corporations and unions. You can hear echoes today when President Biden proposes combating inflation through toughened antitrust enforcement, higher corporate taxes and more domestic production.

The race to integrate cryptocurrencies into the global banking network is real. The digital asset marketplace recently reclaimed or rather surpassed the $2 trillion mark. The sheer valuation was one of the reasons for the unprecedented traction. A report published by KPMG, one of the ‘Big Four’ accounting organizations had published a report to highlight the same.

Touted as the poster child of Ethereum killers during most of 2021, blockchain network Solana‘s reign has been increasingly infested with network outages and performance issues recently.

Financial News is proud to host some of the best columnists in the business, gracing our comment pages each and every week. Here's our recap of some of the very best insights they had to offer over the past 12 months.

Financial News is proud to host some of the best columnists in the business, gracing our comment pages each and every week. Here's our recap of some of the very best insights they had to offer over the past 12 months.

The Senate Committee on Banking, Housing and Urban Affairs heard from several expert witnesses with knowledge of stablecoins who urged lawmakers to establish a clear regulatory framework but could not seem to agree on where lines would be drawn.