Category : Finance

The recent approval of Bitcoin Spot ETFs by the US Securities and Exchange Commission (SEC) is poised to bring about a significant upturn in Bitcoin mining profitability, according to industry experts. Boost in Profitability The decision to approve Bitcoin Spot ETFs, announced on January 10, has generated widespread excitement within

The cryptocurrency world is abuzz with excitement as the US Securities and Exchange Commission (SEC) has given the green light to spot bitcoin exchange-traded funds (ETFs), signaling a major milestone for the crypto market. Key Developments SEC Approval: After years of anticipation, the SEC has approved several applications for spot

Billionaire Joe Lewis, the founder of the company that owns the Tottenham Hotspur English soccer team, admitted guilt to securities fraud charges in federal court in Manhattan. Charges and Allegations Prosecutors revealed that Lewis had provided insider information from publicly traded companies where he held substantial investments to his acquaintances,

A bill aimed at amending the Central Goods and Services Tax Act to facilitate the operationalization of the Goods and Services Tax Appellate Tribunals has been introduced in Lok Sabha. Introduction of the Bill The Central Goods and Services Tax (Second Amendment) Bill, 2023 was presented in Lok Sabha by

Bill Gates is advocating for a higher tax burden on ultra-wealthy individuals, a sentiment echoed by a growing number of billionaires. Gates’ Stance Speaking at his annual “Ask Me Anything” forum on Reddit last year, the Microsoft co-founder expressed surprise at the lack of increased taxes for the rich. Gates

Corporate dealmaking is experiencing a remarkable resurgence in 2024, marking a significant departure from the subdued activity witnessed in the past two years. This week, notable transactions have underscored this revival, including Capital One’s acquisition of Discover for $35 billion, Truist Financial’s $15.5 billion sale of its insurance arm, and

HDFC Bank faced a significant setback in the market as its loan to deposit ratio (LDR) surged to 110% in its third-quarter earnings report, causing its stock to plummet by 9% on Wednesday and an additional 2.5% drop on Thursday. This sharp increase in the LDR, following its merger with

Bank of America CEO Brian Moynihan recently downplayed concerns about increased regulation in the banking sector, asserting that the US economy is robust and owes much of its resilience to the banking industry. Resilience of the US Economy In an interview with Bloomberg Television, Moynihan highlighted the vibrancy of the

Wall Street is intensifying efforts to bring employees back to the office, with Bank of America leading the charge by issuing warning letters to those who resist the return. Warning Letters Sent Out Bank of America has initiated a campaign to encourage its employees to return to the office by

Global brokerage firm Goldman Sachs has highlighted several challenges to deposit growth in Indian banks, signaling a decline in their attractiveness as investment options. These challenges are attributed to various factors reshaping the financial landscape in the country. Shift in Financial Savings Goldman Sachs identifies strained financial savings as a