BUSINESS
New highs wait seems getting longer
Markets saw the benchmark indices rise on two of the five trading sessions. They lost on two, and the fifth was a flattish day. At the end of it, BSESENSEX inched up 78.52 points or 0.13 per cent to close at 62,625.63 points while NIFTY gained 29.30 points or 0.16 per cent to close at 18,563.40 points.
BSE listed company Milestone Furniture announces sudden disappearance of CA
Milestone Furniture said this in the Board Meeting held on May 25, discussion was held on financial results. "The Chairman told the board that the existing Chartered Accountant named CA Bhupendra Gandhi got disappeared and is not answering the calls, so the financial statements are pending due to unavailability of.
As SEC-Coinbase fight begins, it'll be Grewal vs Grewal in the courthouse
Previously vice-president and deputy general counsel at Facebook, and former US magistrate judge for the US District Court for the Northern District of California, Paul Grewal is leading the charge against the US Securities and Exchange Commission (SEC) which sued Coinbase for securities law violations.
US securities watchdog declares all-out war against crypto, files 130 lawsuits
Binance.com, the world's largest crypto exchange, related entities and founder Changpeng Zhao were the target of the first lawsuit, which was filed on June 5. The next day, on the regulator's 89th birthday, the SEC filed its second suit, now against Coinbase, another large exchange.
SEC actions against crypto exchanges send out clear message: 'Buyers Beware'
An analysis of press releases from the U.S. Securities and Exchange Commission (SEC), and news reports on its actions, found that in the six months preceding FTX's collapse, the SEC undertook approximately six enforcement actions. In the six months after FTX's bankruptcy on November 11, 2022.
RBI averse to crypto but is all set to float CBDC; FinMin weighs options
RBI Governor Shaktikanta Das has, in fact, sought an outright ban on it, while making his views clear on it at several platforms in the last two years. Crypto should be banned, given its no underlying value in the market. Just like every asset, every financial product comes with some underlying value. hence the value of crypto is.
Let there be a law first, and then invest in a cryptocurrency
Most geographies in the world are still grappling with the legality around cryptocurrency and clarity on the same is yet to emerge. Just last week, The Securities and Exchange Commission (SEC) in the US has come down heavily on two exchanges -- Binance and Coinbase. In such a scenario, caution should be the buzzword.
Small Relief: US crackdown has no effect on Bitcoin, Ethereum prices
Bitcoin, the largest cryptocurrency by market capitalisation, hovered around $26,500 per digital coin this week as investors remained largely unstirred by the SEC lawsuits. The leading cryptocurrency took an initial dive below $26,000 on Tuesday but held steady above the threshold throughout the week, with analysts suggesting.
RBI to levy penalties on banks that lose property papers of borrowers
This could soon become a possibility if the RBI accepts the recommendations of a high level committee, which it had formed in May last year to review customer service standards in banks and other lending institutions. The panel led by former deputy RBI governor B P Kanungo, presented its report to the central bank.
Number of publicly held companies shrinking in US
The count of publicly listed companies traded on US exchanges has fallen substantially from its peak in 1996, CNN reported. Back then, the number exceeded 8,000 companies. Today, that count has dropped by more than 50 per cent to just 3,700, according to data from the Center for Research in Security Prices.
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