The Math Prodigy Whose Hack Upended A Crypto Platform Won’t Return Funds

The Math Prodigy Whose Hack Upended A Crypto Platform Won

“The default is going to be, ‘Who did this, and why is it the devs?’” Laurence Day says. On October 14, in a house near Leeds, England, Laurence Day was sitting down to a dinner of fish and chips on his couch when his phone buzzed. The text was from a colleague who worked with … Read more

Digital Signature Certifier eMudhra Gets Rs 124 Crore From Anchor Investors

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eMudhra has cut the size of the fresh issue from Rs 200 crore to Rs 161 crore. New Delhi: Digital signature certificate provider eMudhra Ltd on Thursday said it has raised Rs 124 crore from anchor investors ahead of its initial public offering which opens for subscription on Friday. The company has allocated 48,37,336 equity … Read more

RBI To Pay Rs 30,307 Crore Dividend To Government For 2021-22

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Last year in May, RBI declared a dividend of Rs 99,122 crore for the nine-month period. Mumbai: Reserve Bank of India (RBI) on Friday said its board has approved a dividend payment of Rs 30,307 crore to the government for the financial ended March 2022. The board approved the transfer of Rs 30,307 crore as … Read more

Rupee Recovers And Gains A Touch, A Day After Closing At Its Weakest Ever

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Rupee rebounds to 77.55 per dollar tracking a rally in risk assets The rupee recovered to gain a touch on Friday, tracking a weaker dollar and a robust rally in domestic stocks which made a stunning comeback from deep losses in the previous session driven by an increase in risk appetite after China cut a … Read more

Foreign Direct Investment In India Jumps To Highest Ever In 2021-22

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FDI inflow hits all-time high of $83.57 bn in 2021-22 New Delhi: India has recorded the “highest ever” annual FDI (foreign direct investment) inflow of $83.57 billion in 2021-22, the commerce and industry ministry said on Friday. In 2020-21, the inflow stood at $81.97 billion. “India is rapidly emerging as a preferred country for foreign … Read more

Bill Gates Explains Why He Doesn’t Own Any Cryptocurrency

Bill Gates Explains Why He Doesn

“I don’t own any. I like investing in things that have valuable output,” Bill Gates said. While several billionaires like Tesla CEO Elon Musk and MicroStrategy’s Michael Saylor have thrown their weight behind cryptocurrency, often tweeting in support of the virtual currency, Microsoft Founder Bill Gates has come out as a non-believer in the new … Read more

Terra’s Implosion Underscores Crypto Sector’s Ability To Quickly Pivot

Terra

Crypto Startup Tries to Claw Its Way Back From Luna Disaster The implosion of the algorithmic stablecoin TerraUSD and its sister Luna token sent shock waves through the cryptosphere, crashing prices and roiling the entire ecosystem behind the coins.  The fallout reached across geographies, too. Stader Labs, based in Bengaluru, India, is among the many … Read more

Stock Markets’ Stunning Comeback Makes Investors Richer By Rs 5 lakh Crore

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Investors richer by over Rs 5 lakh crore as markets bounce back A sharp rebound in equity markets made investors richer by over Rs 5 lakh crore on Friday, with the BSE benchmark Sensex rallying 1,534 points after a rough day in the previous trade. Making a dashing comeback after the previous session’s heavy sell-off, … Read more

Jet Airways Permitted Fly Again; To Resume Commercial Flights

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Jet Airways allowed to fly again NEW DELHI: India’s Jet Airways said on Friday the country’s aviation regulator has cleared it to resume operation of commercial flights. Once India’s biggest private carrier, Jet stopped flying in April 2019 after running out of cash, owing billions to lenders and leaving thousands without jobs. Jet said the … Read more

Luxury Watch Retailer Ethos IPO: Fully Subscribed On Last Day

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Ethos IPO gets fully subscribed on last day of offer New Delhi: The initial public offer of luxury and premium watch retail player Ethos got fully subscribed on Friday’s last day of subscription. According to NSE data, the Rs 472.3 crore IPO received bids for 41,38,650 shares against 39,79,957 shares on offer, translating into 1.04 … Read more

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