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Binance founder and former CEO Changpeng 'CZ' Zhao was sentenced to four months in prison in a Seattle courthouse on Tuesday, the AP reported.

Federal prosecutors had been seeking three years, double the sentencing guidelines, while Zhao's lawyers had argued for probation.Zhao pleaded guilty in November as part of deal between Binance and the Department of Justice, Treasury Department and CFTC to settle allegations that the exchange failed to maintain a proper anti-money laundering programme, operated an unlicensed money-transmitting business and violated sanctions law.The world's largest crypto exchange agreed to forfeit $2.5 billion to the government and pay a fine of $1.8 billion.Meanwhile, Zhao pleaded guilty to violating the Bank Secrecy Act and causing a financial institution to violate the same act.

Godrej Group entities Godrej & Boyce and Godrej Properties, as part of ownership realignment of their shareholdings in the Godrej Companies, have decided to continue their Memorandums of Understanding (MoU) executed from time to time, for development of the former’s land in Mumbai’s eastern suburb Vikhroli. This proposed development will take place as and when the land owner and developer Godrej & Boyce is desirous of developing the said land, the companies said in a joint release. “The future development of Vikhroli presents a unique opportunity to create a holistic space in the metropolis of Mumbai where urban development and biodiversity co-exists harmoniously. Godrej Construction and Godrej Properties bring complementary strengths, and this has translated into the launch of successful real estate projects in Vikhroli,” said Jamshyd Godrej, CMD, Godrej & Boyce.

NEW DELHI : The storied Godrej group that took birth as a lock-maker 127 years ago is finally dividing its assets, as its descendants choose to split the businesses to align with their differing visions for the future. The third-generation siblings, Adi and Nadir, children of Burjor, late on Tuesday reached an agreement to separate from their cousins Jamshyd and Smita, children of Naval, a family statement said. Godrej & Boyce Mfg.

Also Read: India VIX: Volatility may rise in the upcoming sessions following a three-month declining trend; here's why Market analysts reckon that the volatility index may rise just ahead of the election outcome. However, the increase may remain capped as the market has already priced in the stability. A significant drop in the volatility index indicates that participants are confident about the near-term market trajectory.

Sebi) on Tuesday approved a proposal to increase participation from non-resident Indians (NRIs) and Overseas citizens of India (OCIs) through the foreign portfolio investor(FPI) route in local markets. The board also cleared a proposal to simplify norms for passive schemes of domestic mutual funds allowing exposure to securities of group companies of the sponsor.

The article goes to great lengths to explain why the central incidents — involving the alleged assassination attempt of a Khalistan advocate in the US and murder of another in Canada — did not lead to public censure of India by the US. That India today is geopolitically and commercially important to the US, and like Saudi Arabia, it got a free pass from the Americans because they are, at least at present, playing on the same team. Where the article loses me, however, is in its linking the issue of extrajudicial killings with what it sees as the rise of 'deepening authoritarianism' in India. Killing dissidents, activists and journalists on foreign soil is chilling. And jailing them in a constitutionally democratic country is, indeed, a sign of creeping authoritarianism. But surgically targeting those deemed a credible threat to national security is what the US and its allies have been doing for decades.

Uttarakhand Board exam results were declared on Tuesday. Piyush Kholia of Almora and Kanchan Joshi of Haldwhave jointly secured the highest marks in the intermediate examination by securing 97.66 per cent marks, while Priyanshi Rawat topped the Class 10 securing 100 per cent marks. Rawat scored a perfect 500 mark out of 500, while Kholia of Almora scored 488 out of 500 marks. Priyanshi said, «I stopped going to any function for the High School examination for a year and kept focus on my studies. During this time my parents, teachers, and uncle also helped me a lot in my studies. I did not study more than 3-4 hours but I did it consistently.»

Selecting the appropriate home loan lender is a vital step in the home-buying process. It can influence not just the interest rate you receive, but also the overall cost, simplicity, and transparency of the transaction. However, it’s important not to rush into making this decision. Instead, take the time to secure quotes from a few lenders to compare interest rates, fees, and terms.

NPS (National Pension System) is an easy-to-invest, tax-efficient retirement scheme. Under the NPS scheme, you and your employer both can contribute to build a corpus for your post-retirement years, ensuring your social security and welfare.

By Pradeep Mishra

Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report. Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will disband two departments and lay off most of the employees from the groups, reported the Information late Monday. The online technology publication quoted from a Musk email in which he vowed to be «absolutely hard core about headcount and cost reduction.»

The cryptocurrency world has been going wild with speculation about BlockDAG , an upcoming crypto project that’s rapidly gaining traction with its innovative technology and an air of intrigue surrounding its origins. BlockDAG’s speedy progression through its presale batches has led to many scrambling to invest in this promising project before yet another price increase. 

Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber fund have joined the round for X10 as it emerges from stealth.Led by Revolut's former head of crypto, Ruslan Fakhrutdinov, X10 promises users the execution speed and features of a centralised exchange, but with full self-custody and settlement of trades on-chain.X10 says that while centralised exchanges have the advantage of an extensive portfolio and great latency and throughput, they also have a massive flaw: security and transparency. "The FTX situation, where users only got back a third of their funds, serves as a wake-up call for the industry.

A glut of Treasury issuance will outweigh any Federal Reserve policy pivot to keep long-term yields elevated and pressure global bonds, according to Barclays Plc.

Janney Montgomery Scott, the privately owned, independent subsidiary of Penn Mutual, has announced significant enhancements to its network with the addition of two seasoned financial advisors.

Energy and environment ministers of the Group of Seven leading industrialized nations have committed to phase out coal power by 2035

National Testing Agency (NTA) unveiled the results of JEE Main 2024, shedding light on the remarkable achievements of students across the nation. Among the 14.15 lakh students who registered for the exams, a select few have emerged as shining stars, with 56 students securing a perfect 100 percentile. Amity’s 4 students are among the 56 all-India 100 percentile achievers. Aarav Bhatt (AIR 3), Ipsit Mittal (AIR 48), Bhavesh Ramakrishnan Karthik (AIR 50), and Arsh Gupta (AIR 54); they score the perfect 100 percentile.

Demat accounts store all your financial securities electronically. These accounts are managed by depositories, which securely hold shares and other financial securities on behalf of investors in a dematerialised format. When you buy shares, they are credited to your demat account; when you sell them, your demat account is debited.

emat account acts like a digital wallet for your stocks and investments, which ensures security and convenient management of your securities through your computer or mobile device, eliminating the need for physical paper certificates. Also read: How to open a joint demat account? Here's a step-by-step guide In order to maximise the advantages of demat accounts, new investors need to carefully choose the right depository participant or stockbroker.

The past five years have been good to stock-market investors. The S&P 500 index has climbed an annualized 12% during that period, outstripping the 9% annualized gain over the past 40 years. This year alone the index is up 6.9% as of April 26, tacking on to the 24% gain in 2023.