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The Bank for International Settlements (BIS) and four European central banks have rolled out a Proof-of-Concept (PoC) system to track the global flow of cryptocurrency assets. 

MUMBAI : Foreign institutional investors (FIIs) have reduced their shareholding in the HDFC Bank to 58.75% as of 30 September-end against 60.23% as of 14 June prior to the effective date of HDFC’s merger into it on 1 July. This has increased the foreign room to 20.3% from 18.4% from 14 June, according to Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research. Foreign room is a measure used by global index provider MSCI to determine the proportion of shares still available for investment by foreign investors relative to the maximum limit.

Millions of people are facing retirement without enough income to live comfortably and may struggle to address the issue.

On the other hand, the dollar index, which tracks the greenback against six peers, was down 0.2% at 106.73, giving up some of its recent gains, after weaker-than-expected U.S. private payrolls based on the ADP National Employment Report.

The biggest U.S. airlines are searching for thousands of jet-engine parts with fake safety certificates that were installed on their planes, an unusual incident that highlights the complexity and risks in the aerospace global supply chain. The spare parts, from simple nuts and bolts to more critical engine fan blades, went into dozens of jet engines made by a General Electric joint venture during maintenance work.

Pixel Watch 2, alongside the much-anticipated Pixel 8 series and Pixel Buds Pro at its launch event tonight in New York. The Pixel Watch 2 is slated to make its debut in India on October 5, adding to the growing products in the smart wearable market.

Reuters late on Tuesday. India's retail inflation remained above the upper end of the central bank's 2%-6% tolerance band for a second consecutive month in August, though it eased from a 15-month high of 7.44% in July.

ASK Wealth Advisors Private Limited. "The inclusion into bond indices is good to have, feeds incrementally into the “Bharat shining" narrative. It’s also a good sandbox regulatory experiment for RBI, to manage monetary policy while losing some policy-making flexibility.

Motilal Oswal Nifty 500 ETF seeks to replicate/track the total returns of the Nifty 500 Index, which is designed to measure the performance of the top 500 companies based on market capitalization. Compared to the Nifty 50 Index, the Nifty 500 Index is well-diversified, with its top 10 holdings accounting for only 37%, as opposed to 58% in the Nifty 50 Index.

A federal judge in New York has dismissed a lawsuit that accused McDonald’s and Wendy’s of misleading consumers with ads that show bigger, juicier burgers than their restaurants actually serve

Investors soon won’t be able to follow Warren Buffett’s every move in HP stock if the billionaire’s company keeps selling off shares of the printer and computer maker

SANTA CRUZ: There never used to be young great white sharks basking off the busy beaches of central California, but as climate change starts to bite, warmer waters are enticing them north — with possibly catastrophic consequences for a whole ecosystem. Despite their fearsome reputation, brought about in part by the "Jaws" movie franchise, the main risk from these predators is not to swimmers and surfers — or even the local police chief — but to otters. «What we've been finding is that over time the number of bites on sea otters has increased in this region drastically,» says marine ecologist Salvador Jorgensen of California State University Monterey Bay. «That's having a real impact on the sea otter population.» And — in an illustration of how interconnected ecosystems are — that could have far-reaching consequences for all kinds of species in this wildlife-rich area. Great white sharks are some of the most majestic, most studied, and most feared of ocean dwellers. Growing to around 16 feet (4.9 meters), they roam the world's seas thousands of feet deep to satisfy a voracious appetite for seals, sea lions and dolphins. They live for upwards of 70 years and give birth to litters of live pups, who are left to fend for themselves from an early age. But because white sharks are endotherms — warm-bodied, like mammals — youngsters are vulnerable to the cold of the ocean depths, and spend their time in warmer pockets of water in coastal regions. Until a decade or so ago, that meant juveniles would only be found as far north as southern California. But, says Jorgensen, that's changing. «We documented the sudden occurrence of much smaller sharks than had ever been seen here before,» he told AFP in Monterey Bay,

By Lucy Craymer

Florida-based startup M2X Energy has raised more than $20 million from investors, including Bill Gates-backed Breakthrough Energy Ventures, to build its gas-to-methanol trailers. The methanol plants on wheels could help reduce methane emissions at remote locations like North Dakota’s Bakken shale play where gas is often produced as a byproduct of oil and a dearth of pipeline space means the fuel isn’t transported to market. In the US, more than 286.7 billion cubic feet of gas was wasted through flaring or venting in 2021 from upstream oil and gas facilities, although the actual figure is likely far larger because some releases don’t get reported and the total doesn’t include emissions from some key producing states that don’t track the data.

Manitoba election as people head to the polls to cast their ballots.Global News will have live coverage of the results on television, on radio on 680 CJOB and streaming on our Global News app and online starting when the polls close at 8 p.m.Heather Stefanson could become the first woman to lead her party into victory in a general election.

Track the Asian Games LIVE medal tally here.India's Neeraj crashed to a 3-5 defeat vs Uzbek Makhmud Bakhshilloev in the men's greco-roman 67kg 1/8 final. In Wrestling, India have Neeraj facing Uzbek Makhmud Bakhshilloev in the men's greco-roman 67kg 1/8 final.India win bronze medal in 35km race walk mixed team event at Asian Games.Indian archers Jyothi Surekha Vennam and Ojas Deotale held their nerves to beat Malaysia 158-155 and advance into the compound mixed team semifinals at the Asian Games here on Wednesday.Standing one win away from a medal, the top-seeded India will next take on fourth-seed Kazakhstan in the semifinals later in the day.

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2023. Indian markets may come across as an ideal option for many software players to go public as the bar for listing in the US gets higher and investors here open up to technology-based listings, Jishnu Bhattacharjee, managing director of Nexus Venture Partners, said.

The Cyber Crime Investigation Bureau (CCIB), an arm of the Royal Thai Police, has announced the successful retrieval of $277 million (about 10 billion THB in local currency) in digital funds from internet fraudsters, all thanks to its collaboration with the Binance exchange. 

By Jamie McGeever

Machine and equipment rental business Clennett Hire has ruled off a $3 million funding round to fast-track its growth plans.

Passive funds have taken a centre stage in India in the past few years, contributing around ₹7 trillion to the overall assets under management (AUM) crossing the ₹46 trillion mark. The market regulator, Sebi, has also recognized the the emergence of passive funds, i.e exchange traded funds (ETFs), and index funds as an investment product for retail investors.