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Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

The Bank of Canada likely can’t afford to continue its current pace of interest rate cuts and will have to pick up the pace at some point as soft economic data continues to come in, according to analysts at CIBC Capital Markets.

Subscribe to enjoy similar stories. Mumbai: Indians are delaying repayments on credit cards and personal loans, leading to a rise in delinquencies after months of bingeing on small-ticket consumption loans. The volume of credit card dues where repayments are delayed by over 90 days has increased 17 basis points (bps) year-on-year to 1.8% in June, showed data from credit bureau TransUnion Cibil.

Based in Switzerland and reporting to global CIO Xavier Baraton, Menzli will lead a team of over 100 professionals, who collectively manage $30bn of assets across a range of strategies.  The firm said the current thematic equity CIO will play a «pivotal role» in accelerating business growth for the platform, with a focus on emerging markets and Asia, as well as thematic and other specialised strategies.  HSBC AM expands thematic range with India tech ETF Menzli joined HSBC AM in 2022 as thematic equity CIO. Prior to that, he was head of thematic equities at J. Safra Sarasin bank, w...

Adobe Analytics released on Wednesday. With many Americans recently carrying more debt, spending on buy now, pay later services is set to increase by 11.4% over the holiday season a year ago, Adobe said. Buy now, pay later services let shoppers expand their purchasing power by paying for merchandise in monthly installments spread out over as many as 36 months; however, the most common payments are four-installment plans.

Avtar & Seramount BCWI – MICI Study has revealed. Findings from the 9th edition of ‘Best companies for women in India (BCWI)’ listing announced by workplace culture consulting company Avtar show that average women representation across industries today is at 36.6% and close to 40% at entry level. Sectors like professional services are close to gender balance with 46% women while manufacturing reported a gender ratio of 20%, an indication of intensifying efforts. GCCs report the lowest attrition rate of women at 10%, the report found while FMCG is the best at retaining women in leadership with the attrition rate of women at 2.6% vis-à-vis men’s attrition rate at 7%.

Uttar Pradesh government has undertaken a special campaign for the fast verification of the labourers registered on the e-shram portal for issuance of ration cards. The campaign is being run by the state’s food and civil supplies departments on the directives of the CM Yogi Adityanath in this regard. As per the latest data available with the food and civil supplies department, around 8.31 crore labourers have been registered. According to a press release, out of the 8.31 crore registered labourers, around 6.73 labourers have already been receiving benefits of the government ration. The state government claimed that the verification process is progressing rapidly to provide ration cards to workers registered on e-shram portals. The total number of labourers for verification is around 1.58 crore and out of it, the verification of around 1.49 crore labourers is completed. As per the release, total 26.47 lakh labourers were found eligible and 2.37 lakh labourers of them are already receiving benefits of ration. During the verification process, 122.92 lakh have been found ineligible.

A strike at the South Korean group's plant near the city of Chennai has entered its third week, with more than 1,000 workers disrupting operations and demanding higher wages and union recognition at the plant. The minister has urged the state government to intervene for an «early and amicable» resolution, the source told Reuters.

bank stocks, which have lost weight in the Nifty 50 index by 430 bps in over a year. Investment-oriented themes like cement and building materials have also gained meaningfully post Covid and are currently at their decadal high levels.

A strike by more than 1,000 workers at a Samsung India Electronics plant has entered its third week

For decades, video games have relied on scripted, stilted interactions with non-player characters to help shepherd gamers in their journeys

Australian Treasurer Jim Chalmers will become the first government minister from Australia in that key economic role to visit China in seven years

Bangladesh will soon take steps to hold negotiations with India over the sharing of water of transboundary rivers, an adviser of the interim government said on Wednesday. India and Bangladesh were set to sign a deal on Teesta water sharing during then-Prime Minister Manmohan Singh's visit to Dhaka in 2011, but West Bengal Chief Minister Mamata Banerjee declined to endorse it, citing a scarcity of water in her state. Speaking at a seminar titled 'Bangladesh's Fair Share of Water in Shared Rivers' here, Water Resources Adviser Syeda Rizwana Hasan said Bangladesh would soon take steps to hold negotiations with India over the sharing of water from transboundary rivers, state-run BSS news agency reported.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Subscribe to enjoy similar stories. Amid the debate about whether India’s growth story has failed to create enough jobs, the Periodic Labour Force Surveys (PLFS) show a significant decline in the unemployment rate over the years. It nearly halved to 3.2% in 2023-24 (July-June) compared to 6.1% in 2017-18.

Wayanad (Kerala): The Congress in Kerala on Wednesday exuded confidence that party leader Priyanka Gandhi Vadra would win the Wayanad Lok Sabha seat, vacated by Rahul Gandhi, with a record margin. Addressing reporters here, AICC general secretary K C Venugopal said his party was confident of victory in the high range constituency. He said the party leadership and the workers had commenced preparations for the election, but devastating landslides struck Wayanad district. The Lok Sabha MP said the party usually does not conduct any programmes in such areas. There is no doubt that the workers of the Congress party and the United Democratic Front (UDF) would actively take part in various programmes when the election was announced.

Supreme Court on Wednesday cautioned courts against making comments that may be construed as «misogynistic» or directed towards a particular «gender or community» and said no part of Indian territory can be called Pakistan. The apex court's strong observations came as it closed the suo motu proceedings over Karnataka High Court judge Justice V Srishananda's alleged objectionable comments during court proceedings. The Supreme Court also noted that he had apologised for his observations during open court proceedings on September 21. A five-judge bench headed by Chief Justice D Y Chandrachud observed that since Justice Srishananda was not a party to proceedings before it, «we desist from making any further observations save and except to express our serious concern about both the reference to gender and to a segment of the community». The top court on September 20 took suo motu cognisance of the judge's comments against a woman lawyer during court proceedings in a case and his reference to a Muslim-majority area in Bengaluru as «Pakistan» in another.

Tax rebate under section 87A of the Income-tax Act, 1961 is a benefit that reduces the total income tax liability of an eligible taxpayer. The eligibility criteria are that the taxpayer's income should be below a set threshold and not having certain types of income. For example, one of the criteria for tax rebate under section 87A is to have an income below Rs 5 lakh (old tax regime) or Rs 7 lakh (new tax regime). However, following an update in the ITR filing utility on July 5, 2024, chartered accountants say that many taxpayers were denied the benefit of tax rebate under section 87A if they had certain special rate incomes like short-term capital gains (STCG). STCG on equity shares or equity-oriented mutual funds were taxable at 15% rate under Section 111A which was raised to 20% in Budget 2024 presented in July this year.