BONDS, CURRENCIES & COMMODITIES


Cybercriminals have stolen about $4,00,000 using Tor Browser malware, affecting more than 15,000 users across 52 countries in 2023, a new report showed on Monday.   According to cybersecurity firm Kaspersky, the Tor Browser malware operates by replacing a portion of the entered...

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Leading blockchain and cryptocurrency platform Binance on Friday announced that it has temporarily suspended all spot trading on its platform as it works to resolve an issue.   "We are aware of an issue impacting spot trading on Binance. All spot trading is currently temporarily...

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In December 2021, DS Ranga Rao, a retired government officer and his wife visited a State Bank of India (SBI) branch at Thane in Maharashtra. He fell from a shaky, unstable ladder in the locker room, causing him to sustain major injuries needing surgery. SBI refused to acknowledge any...

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Moneylife Digital Team 17 March 2023
Gautam Adani-led Adani group on Thursday clarified that, as per the applicable Indian regulations, Vinod Adani, elder brother of the group head, is part of the promoter group of various listed entities within the group.   In a regulatory filing, Adani Enterprises Ltd, the group...

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Rajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS) has tendered his resignation, which will be effective from September 15, 2023.   The Board of Directors, at its meeting held on March 16, appointed K. Krithivasan as the Chief Executive...

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In a shock for crypto investors, top cryptocurrency exchanges Binance and Coinbase on Saturday temporarily suspended USDC stablecoin conversions after the collapse of Silicon Valley Bank (SVB), as Circle, the firm behind USDC, held some of cash reserves at the beleaguered...

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Any participation in transactions involving virtual digital assets or cryptocurrency, would come under the Prevention of Money Laundering Act or PMLA, the Centre has said.   This was announced through a gazette notification, issued on March 7.   The step has been taken to...

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Updated at 7pm on 1 March 2023 to add response from Mr Gupta's PR agency... We take great pride in the fact that many successful Indians are occupying corner offices at the world’s largest and most powerful corporate houses and every action of theirs makes news in India. The flip side is...

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Moneylife Digital Team 28 February 2023
Despite a challenging domestic environment, PI Industries (PII) reported strong growth in Q3FY22-23. Revenue was up by 19% y-o-y (year-on-year) to Rs1,613 crore, led primarily by CSM (custom synthesis manufacturing) business. CSM business grew by 23% y-o-y to Rs1,329 crore, supported by...

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Moneylife Digital Team 27 February 2023
Market Regulator Security and Exchange Board of India (SEBI) has cancelled the registration of Way2Wealth Commodities Pvt Ltd for dealing in or facilitating paired contracts on the National Spot Exchange Ltd (NSEL) platform and failing to satisfy the 'fit and proper' criteria.    In...

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Moneylife Digital Team 10 February 2023
After warning consumers not to perform forex transactions on unauthorised electronic trading platforms (ETPs) or remit or deposit money for unauthorised forex transactions, the Reserve Bank of India (RBI) released a list of 48 entities that are not authorised to carry out forex transactions....

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Moneylife Digital Team 24 January 2023
While designating sovereign green bonds (SGrBs) as specified securities under fully accessible route (FAR), the Reserve Bank of India (RBI) allowed non-residents to invest in these bonds through the same route without any cap.    In a notification, RBI says, “The government sovereign...

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Moneylife Digital Team 23 January 2023
Market regulator Securities and Exchange Board of India (SEBI) has launched an information database and repository for municipal bonds. The database was released by Ashwini Bhatia, whole-time member (WTM) of SEBI, at a programme held in Delhi.    According to SEBI, its municipal debt...

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Moneylife Digital Team 20 January 2023
In a significant order and relief to investors, the Bombay High Court (HC) on Friday set aside an order from the administrator of Yes Bank and a letter by the Reserve Bank of India (RBI) to write off additional tier-1 (AT-1) bonds sold by Yes Bank to ineligible investors. The order was passed...

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IANS 04 January 2023
US regulators have issued their first-ever joint warning to banks over the risks associated with the cryptocurrency market, local media reported.   The watchdogs told financial institutions to be wary of potential fraud, legal uncertainty and misleading disclosures by digital asset...

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IANS 31 December 2022
The government in The Bahamas has seized $3.5 billion in FTX digital assets, as its former CEO Sam Bankman-Fried faces a trial in the US.   The country's Securities Commission took control of the assets soon after the crypto exchange filed for bankruptcy in the US in November, reports...

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IANS 23 December 2022
Beleaguered crypto exchange FTX Co-founder Sam Bankman-Fried has been released on a $250 million bond in the US, "the largest-ever pretrial bond," amid his trial for committing fraud and other criminal charges.   A federal judge in the US District Court in Manhattan also barred the...

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Moneylife Digital Team/ IANS 22 December 2022
Two of FTX founder Sam Bankman-Fried’s closest associates have pleaded guilty to fraud-related charges in connection with the collapse of the cryptocurrency exchange and agreed to cooperate with US authorities investigating the collapse of the bankrupt cryptocurrency exchange, according to a...

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Moneylife Digital Team/ IANS 13 December 2022
Sam Bankman-Fried (SBF), the former chief executive officer (CEO) of bankrupt crypto exchange FTX, has been arrested in the Bahamas, as he was expected to testify online before the US House Financial Services Committee on Tuesday. Following his arrest in the Bahamas, US authorities on Tuesday...

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IANS 12 December 2022
In the wake of the collapse of crypto exchange FTX, the US Securities and Exchange Commission (SEC) has directed publicly-traded companies to tell investors about their involvement with struggling cryptocurrency firms.   The SEC, in a letter to the companies, said that recent...

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