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Sam Bankman-Fried, former CEO of failed crypto exchange FTX, should get as much as 40 to 50 years in prison due to the «brazen disrespect» he showed for the law in his crimes, prosecutors said in a court filing Friday.Bankman-Fried's lawyers had previously recommended a sentencing of less than seven years.

Investing.com-- The S&P 500 slipped to a second-weekly loss Friday, as tech was pressured by rising Treasury yields on jitters the Federal Reserve is likely to stress the need for interest rates to remain higher for longer following data showing inflation continues to run hot.

State Bank of India (SBI) why it had withheld the unique numbers associated with electoral bonds purchased and encashed since April 12, 2019, ordering it to respond on March 18. The alpha-numeric ID can be used to connect the purchaser of an electoral bond with the political party that encashed it. When the SC scrapped the bonds in mid-February on the grounds that they were unconstitutional, it had asked SBI to provide full details of the funding instrument to the Election Commission of India (ECI), which was to then post this publicly. SBI was the sole issuer of electoral bonds. “We can take exception” to the non-disclosure of the bond numbers by SBI, a five-member bench headed by chief justice of India (CJI) DY Chandrachud said Friday. The ECI published the information provided by SBI on Thursday. This related to entities that had purchased electoral bonds during the period in question but didn’t include the unique number. The data shows the entities that have bought bonds, including how much, and the parties that have received money, including the quantity.

Modi started his South push and adressed a rally each in Kerala and Tamil Nadu. It was followed by his road show in Telangana. The BJP sees more wins in the southern states as crucial to achieving its target of 370 seats in the Lok Sabha and ensuring a third term for the National Democratic Alliance (NDA) at the Centre.

Narendra Modi on Friday alleged that the INDIA bloc wanted to assume power only to engage in 'loot and corruption.' He attacked the Congress in Kerala over the solar case of 2013 and the DMK-Congress alliance in Tamil Nadu. Addressing a BJP rally in Kanyakumari, Modi alleged DMK-Congress have 'history of scams' and the aim behind their efforts to come to power is to 'loot the people.' He underlined that while the Centre has launched several infrastructure development projects in Tamil Nadu and the people benefited from a slew of welfare schemes, the DMK government was 'steeped in corruption.' Referring to the consecration of Ram temple at Ayodhya on January 22, Modi said the DMK government boycotted it and tried to 'prevent telecast' of the event. Modi said this showed the DMK government had 'no respect' for traditions and culture of India. He said in the run-up to the main event, he had visited several historical temples of Tamil Nadu. Modi also tried to take credit for restarting Jallikattu, though it was done by cultural organisations after the Supreme Court lifted the ban. He alleged that while the DMK-Congress dispensation was 'caught napping' when Sri Lankan authorities arrested some Tamil Nadu fishermen recently, he used diplomatic clout to bring them back safe, overlooking the point that the Centre oversaw external affairs. Referring to the attack on AIADMK leader J Jayalalithaa in the Tamil Nadu assembly several decades ago, Modi said it showed DMK 'did not respect' women.

Opposition parties on Friday accused the government of using pressure of investigative agencies and quid-pro-quo methods on business firms to help the BJP get the largest chunk of political donations through electoral bonds, and demanded a Supreme Court-monitored investigation into what they saw as corruption by the ruling establishment. The Congress also demanded a freeze on BJP's bank accounts. Citing the electoral bond data that State Bank of India provided to the Election Commission, Congress president Mallikarjun Kharge said the BJP received about half the total donations while the principal opposition party, Congress, got only 11%. «There are many dubious donors. Who are these people? Which companies are these? Why have so many companies donated only after ED, IT and CBI raids? Who put the pressure on such companies,» Kharge asked, and sought a Supreme Court-led investigation into «the saga of corruption». «It is quite worrying that while the accounts of the Congress party have been frozen, no action has been taken against the BJP which has illegally acquired crores and crores of money,» he said, referring to a lien the Income Tax Department imposed on its account. «Thus, along with an inquiry, we demand that accounts of BJP should be frozen with immediate effect due to the illegal nature of the funds received through the electoral bonds scheme,» he added.

Also Read: Most unresolved investors' complaints belong to venture capital funds, Sebi data shows The securities markets had so far been operating at a T+1 settlement cycle. It introduced T+1 in 2021 and implemented in phases, with the final phase completed in January 2023.

(Reuters) -Reckitt Benckiser said on Friday it would pursue all options to have a $60 million verdict overturned in a lawsuit related to its Enfamil baby formula in the United States as it stood by the safety of all its products.

By Gertrude Chavez-Dreyfuss and Iain Withers

Bitcoin extended a retreat from its latest record high amid an intensifying debate about whether the bull run in cryptocurrencies is evidence of speculative froth in global markets.

interest rate cut in June took a hit after data over the week showed bubbling price pressures. Spot gold was little changed at $2,163.10 per ounce, as of 10:17 a.m. EDT (1417 GMT). Bullion was headed for a weekly drop of 0.6%, its first since mid-February after hitting a record high of $2,194.99 last week.

Russian Presidential Election: The first day of voting in Russia's presidential election was marred by acts of vandalism at polling stations Friday, with at least nine arrests for pouring dye into ballot boxes and arson attacks. Vladimir Putin is set to secure another six years in the Kremlin after a three-day vote he has cast as a show of Russians' loyalty and support for his military assault on Ukraine, now in its third year.

risen considerably against Indian rupee in the past few weeks, Indian students travelling to the UK for overseas education later this year stare at a tougher (er.. expensive) times ahead. With pound going upward from ₹100 per unit to ₹105 per unit in the recent past, the cost of foreign education of UK-bound students has undoubtedly seen a considerable jump.

Paytm is set to transfer the backend of its point of sales (PoS) terminals meant for processing card payments to RBL Bank from Paytm Payments Bank (PPBL), according to two people in the know. While One 97 Communications which runs Paytm will continue to run and manage these terminals, which will carry the Paytm brand, at the backend the processing of transactions will be done by RBL Bank, the people added.

Madras High Court on Friday directed the police in Tamil Nadu's Coimbatore to grant permission with certain conditions to BJP to conduct a four km road show of Prime Minister Narendra Modi in that city on March 18. Justice N Anand Venkatesh gave the directive to the Assistant Commissioner of Police, R S Puram Range, on a petition filed by J Ramesh Kumar, BJP District President, Coimbatore, challenging an order denying permission to BJP to conduct the road show on Monday. In his petition, Ramesh Kumar submitted he had applied for permission with the police on March 14 to permit him to conduct a road show for a span of four km via Mettupalayam road, Coimbatore for the purpose of enabling people to meet the Prime Minister. The road show was to sensitize the people of Coimbatore about various welfare schemes launched by the PM and urge them to avail them through Direct Benefit Transfer without any interference of touts and also promote the habit of saying no to drugs keeping in perspective the recent incidents hazardous drug trafficking in Tamil Nadu, he added.

stress test report, mentioning the number of days they will require to liquidate 50% and 25% of their mid-and-small-cap schemes portfolio. This move came after the market regulator asked MFs to frame a policy to protect investor interest during the market crash and redemptions. Nippon India Small Cap, the largest scheme in the smallcap category based on assets managed, will take 27 days to liquidate 50% portfolio, while Quantum Smallcap Fund, the smallest scheme in the smallcap category, will be able to liquidate 100% of its portfolio holdings in one day.

Bhive Workspace has picked up over 62,000 sq ft across seven offices in Adani Realty’s commercial tower Inspire BKC situated on the edge of Mumbai’s business district Bandra-Kurla Complex (BKC) through a long-term lease of five years. The company is planning to use the space leased through two separate agreements to set up managed coworking offices. Bhive’s holding company Tusker Workspace has entered into this lease agreement with Adani subsidiary Sunbourne Developers. The lease rentals for the same has been set at Rs 205 per sq ft a month and the agreement includes a clause to escalate the same by 15% after three years, shows the documents accessed through Propstack.

Bitcoin suffered a steep drop in overnight trading, showing that the world's largest cryptocurrency hasn't shaken its tendency for big drops despite continuing to gain acceptance within the mainstream financial world.

AIS (Annual Information Statement) compliance portal, as it has been showing highly inflated data for certain specific types of transactions. The Central Board of Direct Taxes (CBDT) has said on its website that the inconsistent data(s) have been fixed and now the correct data has been updated as of March 15, 2024. «You are also requested to compute your Advance Tax liability and pay the same on/before 15th March 2024. Data pertaining to Information categories 'Sale of securities and units of mutual fund', 'Purchase of securities and units of mutual funds', 'Off market credit transactions' & 'Off market debit transactions' has been updated, kindly check the same in AIS. Taxpayers are recommended to verify the correctness of the information displayed in AIS by providing the feedback,» said CBDT on their website as of March 15, 2024, 4pm. Also read: How selling equities before March 31 can help you save income tax.

Wholesale prices in the United States accelerated again in February, the latest sign that inflation pressures in the economy remain elevated and might not cool in the coming months as fast as the Federal Reserve or the Biden administration would like

America's first commercial-scale offshore wind farm is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms