Social Financial News

The Technology Advisory Committee of the US Commodity Futures Trading Commission (CFTC) has taken a significant step in addressing the challenges posed by decentralized finance (DeFi) by voting to submit a report urging the government and industry to prioritize understanding and regulating the sector.

Nithin Kamath recently shared some red flags to identify fake and shady loan applications that trap people with lucrative schemes and offers and then threaten them for repayment of loans on higher interest. In his social media post, Kamath warned his followers to be aware and alert of “shady, illegal" digital lending applications. He also mentioned some ways to identify such fraud applications.

charged an Ottawa youth with terrorism for allegedly plotting an attack against the Jewish community. In Toronto, city councillor James Pasternak last week decried an “escalation of lawlessness in Toronto” after a Jewish-owned delicatessen was targeted by arson and graffiti.Between Oct. 7 and Dec.

gold sourced from illegal mines. The architect of much of the sanctions-busting was a former oil minister, Tareck El Aissami. Once the golden boy of the regime, he has not been heard of since March, when he said on social media that he supported a corruption inquiry which revealed that PDVSA had not been paid for more than 80% of the oil it had shipped, to the tune of $21bn.

A controversy that began online last week has escalated into a diplomatic tussle, straining the ties between India and Maldives. The conflict began after three Maldivian ministers, now suspended, made derogatory comments about Prime Minister Narendra Modi, sparking a backlash from India. Some Indian social media users are calling for a boycott of the Maldives, potentially affecting the strong trade and interpersonal ties between the two countries.

Mallikarjun Kharge on Tuesday said PM Narendra Modi takes everything 'personally' after he came to power in 2014. "After Narendra Modi came to power, he is taking everything personally. At the international level, we should keep a good relationship with our neighbours...We should act according to time...We cannot change our neighbours..." ANI quoted Mallikarjun Kharge as saying.

TORONTO — Canada’s Big Five banks are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group.

An explosion in downtown Fort Worth on Monday afternoon left at least 21 people injured and caused significant damage to a hotel, likely due to a gas leak, according to authorities.

Activist investors are expected to carry out fewer environmental and social campaigns this year after the strategy proved less lucrative than other shareholder agendas, according to business consulting firm Alvarez & Marsal Inc. 

Narendra Modi have been deemed unacceptable by the business community, and this call to boycott aims to express solidarity and register disapproval against such disrespectful behaviour. The Confederation of All India Traders (CAIT) stated it has «urged traders and exporters to refrain from conducting business dealings with the Maldives».

₹29.2 crore on its opening day. The film minted the lowest so far on its third Monday, January 8. Dunki minted ₹218.17 crore net in 19 days at the Indian box office as per the latest estimates given by industry tracker Sacnilk.com.

Nigeria’s president has suspended the country’s minister of humanitarian affairs and poverty alleviation over the use of a private bank account for ministry financial transactions in the government’s social welfare program

Tiger Woods, arguably the greatest golfer ever, announced Monday that he will part ways with Nike Corp. The brand has been synonymous with Woods for years, providing the clothing for his 15 major championships and 82 PGA titles.

NEW DELHI : Adverse comments against India’s prime minister by three ministers of Maldives appear to have set off a chain reaction of holiday cancellations to the island nation. An executive committee member of Outbound Tour Operators Association of India said some travel companies have calculated that between 6 and 7 January, the industry might have seen up to 8,000 cancellations for hotel bookings in the Maldives by small groups from India.

NEW DELHI : New Delhi summoned the Maldivian high commissioner in India on Monday, after distasteful comments by Maldivian ministers raised the diplomatic temperature between the neighbours. Maldivian high commissioner Ibrahim Shaheeb was summoned to India’s ministry of external affairs (MEA) in New Delhi on Monday morning. “Our High Commission in Maldives had strongly raised and expressed concerns about the comments made in regard to the prime minister by certain ministers in the Maldives government with the foreign office today," an MEA official said.

Making decisions when you’re grieving isn’t ideal, but some money tasks are time-sensitive

A trade group representing TikTok, Snapchat, Meta and other major tech companies has sued Ohio over a pending law that requires children to get parental consent to use social media apps

social media platforms over the weekend that they had cancelled plans to travel to the island nation. Some companies have, however, seen a surge in queries for Lakshadweep, they said. It comes in the wake of the row over derogatory remarks against India and Prime Minister Narendra Modi posted on X by three now-suspended junior Maldivian ministers after PM Modi’s posts promoting tourism in the Lakshadweep islands. “We haven’t seen any immediate cancellations for our flights, but since it’s a developing situation, we will be observing closely and will be monitoring the situation after a week,” Deepak Rajawat, chief commercial officer of Vistara, said in response to a query from ET. There are 58 weekly flights between India and the Maldives, operated by IndiGo, Vistara and Air India. IndiGo has seen no immediate cancellations or impact on forward sales, said people with knowledge of the matter. However, the airline did not respond to ET’s queries in this regard. Indigo has cancelled direct flights between Delhi and Male from January 17 as it has been forced to rejig its network due to the grounding of aircraft over issues with the Pratt & Whitney engines fitted in its 150 Airbus A320 aircraft.

Tiger Woods is no longer a Nike athlete after 27 years, ending a partnership between the swoosh and golf’s biggest star and raising questions about the future of both in the sport

topped the Google trends in India for two days. This sparked speculations that Indians might be looking at the country's smallest Union Territory as their next tourist destination. But, in an unexpected fallout, PM Modi promoting Lakshadweep as a beach destination seems to have triggered the people of Maldives — which is already a popular holiday hotspot for many Indians.

Southern Petrochemical Industries Corporation Ltd (SPIC Ltd) on Monday said it will invest Rs 1,900 crore in Tamil Nadu over the next two years following a memorandum signed with the state government as part of the Global Investors Meet (GIM) in Chennai. The investment would be made across SPIC Ltd, Greenstar Fertilizers Ltd, and Tuticorin Alkali Chemicals and Fertilizers Ltd, the company said in a statement.