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has reported citing sources. The aim is to make refund times the same for all situations. The refund is likely to get processed within around an hour or so, the publication added.

Digital asset manager Grayscale Investments on Tuesday filed for a spin-off of its spot bitcoin exchange-traded fund (ETF), the Grayscale Bitcoin Trust (GBTC). The spin-off is part of a bid to offer investors lower-fee exposure to bitcoin, according to a person familiar with the matter.

Meta, the parent company of Facebook, has filed a lawsuit against its former Vice President of Infrastructure, Dipinder Singh Khurana, also known as T S Khurana, for allegedly stealing confidential documents before joining a «stealth» AI cloud computing startup, as reported by Bloomberg. The lawsuit, filed on February 29 in a California state court, accuses Khurana of violating his contract and engaging in «brazenly disloyal» conduct, according to Bloomberg. Khurana, who worked at Meta for 12 years, allegedly uploaded a «trove of proprietary, susceptible, confidential, and non-public documents about Meta's business and employees» to his personal Google Drive and Dropbox accounts just before leaving the company, the lawsuit claims. These documents reportedly include information related to employee pay and performance and non-public business contracts.

Venom franchise has been given an official name and it will now be released earlier than announced. Columbia Pictures's Tom Hardy-led movie 'Venom: The Last Dance' will premiere on October 25, 2024, reports 'Collider'. Earlier it was slated to be released in November. The pre-Halloween space has worked out nicely. The film is being made to expand Sony's Spider-Man universe, which also includes 'Kraven the Hunter' and Madame Web starring 'Dakota Johnson'. Kelly Marcel, who has directed the film, has earlier worked with Hardy and the film may explore the unique possibility of Venom and Eddie Brock traveling through the multiverse.

CME Group plans to apply to clear U.S. Treasuries, a spokesperson said, a $26 trillion dollar market. The Financial Times reported earlier on Tuesday that CME Group would apply this year to clear U.S. Treasuries, becoming the first exchange company to publicly announce its plans to enter the world's biggest bond market.

ITC: British American Tobacco has initiated a block deal to offload a 3.5 percent equity stake in ITC to institutional investors, potentially raising as much as ₹16,775 crore. The India division of the British cigarette manufacturer intends to dispose of up to 43.69 crore ITC shares through accelerated book building at a price range of ₹384-400.25 per share, as reported by CNBC Awaaz, quoting sources. The share sale is priced at a 5 percent discount to Tuesday's closing price at the lower end of the price band.

Bollywood superstar Amitabh Bachchan could be a reality for those interested. But, it comes with a hefty price tag. In Mumbai's posh Juhu area, a bungalow near Bachchan's famed residence Jalsa will soon be auctioned off.

After weeks of testing, an electronic system for filing returns directly to the IRS is now available for taxpayers from 12 selected states

₹2 lakh to over ₹3.5 lakh, based on the model and additional features. In terms of market performance, Ola Electric held a commanding 41 percent share in the electric scooter segment as of February, selling 33,722 units.

Investing.com-- Oil prices rose in Asian trade on Wednesday, buoyed by industry data showing an unexpected draw in U.S. inventories, while the OPEC also stuck to its forecast of strong demand growth in the coming years.

MUMBAI : Zee Entertainment Enterprises has rejected the recommendations of proxy advisory firm IiAS, after the latter asked investors to vote against ratifying the appointment of two of the company’s three newly-inducted independent directors. IiAS had recommended investors to vote against the appointment of Venkata Ramana Murthy Pinisetti and Uttam Prakash Agarwal, citing alleged conflict of interest and ongoing criminal charges, respectively. However, a Zee spokesperson told Mint that IiAS’ recommendation was misleading and incorrect.

Telangana. The Ministry of Road Transport and Highways issued a gazette notification on Tuesday. The new prefix on registration plates will be effective immediately, said Telangana Special Representative in New Delhi Mallu Ravi’s office.

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selloff in mid-cap and small-cap stocks has intensified of late as brokers are asking clients to liquidate their leveraged bets in the space in the wake of the Securities and Exchange Board of India's warning of froth in these shares. The recent crackdown on Dubai-based hawala operator Hari Shankar Tibrewala by the Enforcement Directorate (ED) for stock manipulation has also triggered panic among market operators, who are said to be cutting their positions, said brokers. As many as 70 stocks with more than ₹1,000 crore in market capitalisation have declined between 15% and 50% in the last five trading sessions while another 250 stocks have dropped 10-15% during this period.

semiconductor chip from the new plant being set up by the Tata Group and Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) in Gujarat’s Dholera, will be ready to roll out by the end of 2026, according to Frank Huang, chairman of PSMC. Speaking exclusively to ET ahead of the ground-breaking ceremony for the $11 billion project that is scheduled for Wednesday, Huang said the contours of the JV with the Tatas are yet to be finalised. “At the moment we have decided to work out the technology transfer. Later we can talk about investment,” the 74-year-old said. PSMC is a maker of memory chips that also provides foundry services to its customers.

«In dollar terms, as per our sample, India-based IT firms' revenue growth continued to slow down and grew by 0.8% y-y in the Dec-23 quarter,» brokerage firm BNP Paribas said in a report. It was however, ahead of global IT companies' revenue growth, indicating continued market-share gains, the report added. India-based companies added 36 basis points (bps) in revenue market share year-on-year basis though they lost 27 bps on a sequential basis, the report said.

Digital lenders focused on unsecured small business loans are hogging the limelight as recent regulatory actions and changes in the macroeconomic conditions have made unsecured consumer loans – the mainstay of lending fintechs so far – less attractive, industry officials said. Players like Indifi, Lendingkart, Aye Finance, Kinara Capital are expected to benefit from the growing influence of digital lenders in MSME (micro, small and medium enterprises) loans, typically dominated by banks and traditional NBFCs, they said.

New Delhi/Mumbai: Europe’s proposed carbon tax has split the Indian steel industry down the middle, with some companies in favour and others against, even as lobbying to waive or delay the levy continues. The tax, under the carbon border adjustment mechanism (CBAM), would increase costs for Indian steelmakers exporting to Europe, a key destination that is critical for their businesses. The tax has been supported by companies with major operations in Europe, such as Tata Steel.

BRUSSELS (Reuters) — The European Central Bank will have to gamble soon with an interest rate cut even though wage inflation and price rises for services are uncomfortably high, Governing Council member Pierre Wunsch said.

By Guy Faulconbridge and Lidia Kelly

The Zone Of Interest (2023) released and got nominated for the 96th Academy Awards. At the Oscars 2024, this acclaimed film won the best international film award along with an award in the best sound category.