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Subscribe to enjoy similar stories. It’s an important global event when the world’s third-largest economy and a significant ally of the United States gets a new leader—even when that country is Japan. Tokyo has a history of producing a parade of bland, largely anonymous Prime Ministers with the occasional star.

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

China has driven its technology industry off a cliff. The number of startups fell by 50,000 between the peak in 2018 and 2023, with this year on track to be even lower. The market capitalizations of the biggest tech companies, including Alibaba Group Holding Ltd. and Tencent Holdings Ltd., have shrunk to the tune of hundreds of billions, and pale in comparison to US peers. There is no sign that the sector will ever rebound to what it was before a government crackdown that kicked off in late 2020, even as policymakers have signaled it’s over. Becoming a billionaire entrepreneur has become something to be feared, rather than celebrated. It’s easy for US policymakers to see this with vindication and yet more evidence of a superior tech landscape at home. And from their vantage point, they are correct: President Xi Jinping strangled a generation of entrepreneurs who could have benefited consumers and made investors a lot of money.

Wealth managers believe investors can allocate spare money in their bank accounts to overnight funds to earn more than a savings account. WHAT ARE OVERNIGHT FUNDS? Overnight funds are a category of debt mutual funds. These schemes have a portfolio that invests in securities that mature in one day. The bonds are purchased overnight, and they mature by the following business day. Overnight funds invest in assets such as overnight reverse repos, CBLOs (Collateralised Borrowing and Lending Obligations), and money market securities that mature the next day.

equity derivatives — and on fewer weekly contract choices than they now have — after the markets regulator introduced a raft of measures Tuesday to curb retail participation in a segment where at least nine out of ten participants have consistently lost money over the past three years. The Securities and Exchange Board of India (Sebi) Tuesday increased the minimum contract size in index derivatives to ₹15 lakh from the current ₹5 lakh, making options trading costlier. At the same time, it reduced weekly index product offerings to just one per exchange, seeking to curb frenzied speculation among retail traders.

gold loan companies lost sheen on Tuesday after the Reserve Bank of India (RBI) called for these companies to take corrective measures for the lapses in loan sanctioning practices in the next three months. Muthoot Finance fell 3.9% and Manappuram Finance declined 1.9% as analysts see the central bank's action weighing on their ROAs (return on assets) — a key profitability ratio for lenders. The issues highlighted by RBI include improper valuation, breaches of loan-to-value (LTV) ratios, and inadequate governance in partnerships with fintech entities, said Shrikant Chouhan, head of equity research at Kotak Securities.

Zero brokerage as a service perquisite could well be a thing of the past as regulatory changes, such as Tuesday's new measures aimed at curbing the F&O frenzy, push up transaction charges and cause trading volumes to decline. Angel One, India's third-largest brokerage by client count, introduced a flat fee of ₹20 or 0.1% of turnover (whichever is lower) on cash market transactions starting November 1, anticipating a drop in revenues from the derivative segment. Previously, these transactions were free of charge.

IPO) draft prospectus with the Securities and Exchange Board of India (Sebi) on September 30 as it was the deadline to submit the documents with the audited financial statements for the quarter ended March 31, 2024. A record 15 companies registered their IPO documents on the last day of September, taking the total filings for the month to 41 — the highest ever recorded in a single month.

Adani Enterprises is likely to raise up to $2 billion through a qualified institutional placement (QIP) by the middle of next week, sources aware of the development said. Meanwhile, the Adani Group along with Wilmar will also launch the sale of around a 13% stake in Adani Wilmar by the end of this month or early in November, to cut down the promoter stake in the company to comply with listing regulations, sources said.

Claudia Sheinbaum was sworn in as Mexico's first woman president on Tuesday, vowing to bolster women's rights and ensure Latin America's No. 2 economy remains a secure destination for international investment. Sheinbaum, a 62-year-old scientist and former mayor of Mexico City, took the oath of office and received the presidential sash in a boisterous ceremony in Mexico's Congress, which marks the start of her six-year term. «It's time for transformation, it's time for women,» she said, her voice rising with emotion.

JP Morgan bond index, foreign portfolio investment in fully accessible sovereign bonds has increased by around $7.5 billion, a quantum that is on the higher range of market expectations, and bankers expect a stronger pace going forward. From the official closing figures on June 27 to the numbers on September 30, FPI investment in fully accessible Indian government bonds has risen by ₹62,919 crore, or around $7.5 billion, to ₹2.5 lakh crore. The inclusion of sovereign bonds in a JP Morgan Emerging Market Index commenced from June 28. Bonds under the Fully Accessible Route (FAR) category are the securities that are included on the index.

Subscribe to enjoy similar stories. The Reserve Bank of India’s (RBI) caution on gold loans is likely on account of the brisk growth in the segment, analysts said, but a secured asset class like bullion would still present fewer risks than what was seen in personal loans. On Monday, the regulator flagged deficiencies in gold-lending practices in using third-party agencies, besides inadequate due diligence and monitoring of end use of funds.

Subscribe to enjoy similar stories. Front-running, a practice that undermines the fairness of financial markets, has come under the spotlight, with the Securities and Exchange Board of India (Sebi) tightening its grip on brokerage firms that have access to information on stock trades and other financial assets. Cases involving prominent fund houses like Axis Mutual Fund and Quant Mutual Fund have grabbed headlines recently for their links to these cases.

Subscribe to enjoy similar stories. When YouTuber Ranveer Allahbadia’s (@beerbiceps) YouTube account, with a combined following of 17.33 million subscribers, got hacked on 25 September, he feared for his career. "Cyber security is a real threat, be serious about it...This is what crime looks like in the modern day," he said in a statement.

Time is a thief, and 62-year-old Naveen Fernandes feels its grip tightening. With stage IV cancer gradually consuming his body, he is not interested in a futile fight against the clock but in leaving a lasting legacy. As life inches towards its final chapter, the Bengaluru resident refuses to let cancer extinguish his dreams – rooted in hope, love and social commitments – as he crafts a financial road map to secure his family's future.

Warren Buffett's Berkshire Hathaway is buying the rest of its utility unit from the estate of a longtime board member who died three years ago, but it's not clear exactly how much it will pay for the 8% stake

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Ajit Doval and French armed forces minister Sebastien Lecornu held wide-ranging talks in Paris and focused on enhancing defence ties, including a deal for Rafale Marines and submarines. Sources told ET that Doval and his French interlocutors discussed advancing defence industry partnership, with focus on Make in India besides civil nuclear ties. «On his visit to France, India's National Security Adviser, Shri Ajit Doval, engaged in extensive discussions with French armed forces minister, Mr Sebastien Lecornu,» the Indian embassy in France said in a post on X on Tuesday.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Narendra Modi and Benjamin Netanyahu on Monday. Peace isn't just the right choice but the smart one for Israel — and Netanyahu. Hamas will have to release all remaining hostages and bodies of those who died in captivity.