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Meta’s Future Lies With Judge as FTC Antitrust Trial Ends
Meta's fate against the FTC's antitrust case is now up to a federal judge to decide whether the company should be broken up. If Judge Boasberg sides with the FTC and finds the company illegally monopolised that market, it’s possible Meta could be forced to spin off Instagram, WhatsApp, or both.
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Crypto Assets May Gain Legal Status in Japan as Regulators Aim to Tackle Insider Trading: Report
Japan's financial regulators are reportedly revising the Financial Instruments and Exchange Act to include crypto assets, aiming to submit the reformed bill to parliament by 2026 after completing their analysis. Led by the Financial Services Agency (FSA), this initiative aims to foster crypto industry growth under stringent regulatory oversight.
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Donald Trump Establishes Strategic Bitcoin Reserve, Crypto Stockpile Utilising Seized Assets
US President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a separate crypto stockpile. These reserves will be funded exclusively with crypto assets seized during federal investigations, rather than using taxpayer money to acquire new tokens.
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Infosys Aster, AI-Powered Marketing Suite for Global Enterprises Launched
Infosys, the multinational IT giant, launched a new marketing suite for enterprises on Tuesday that will offer artificial intelligence (AI) analytics and other tools to maximise sales and improve repeat customers. The suite, dubbed Infosys Aster, is aimed at both business-to-business (B2B) and business-to-consumer (B2C) enterprises. It offers more ...
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Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.
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Paytm Warns Of Job Cuts, Asset Sales Amid RBI Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer's business.
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Adani Ports Acquires Gopalpur Port In Odisha At Rs 3,350 Crore
The Shapoorji Pallonji Group on Tuesday announced the sale of its brownfield Gopalpur Port to Adani Ports and SEZ Ltd for an enterprise value of Rs 3,350 crore, as part of its deleveraging strategy with planned asset monetisation.
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Tata Sons Eyes Mega Monetisation Of Assets Via Stakes Sale, IPOs
Tata Sons may be looking at a mega monetisation drive for the first time to raise funds for new businesses.
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New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets
Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...
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PayPal to Stop Sale of Cryptocurrencies in the UK Until 2024: Details
Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions.
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Israel Follows UK to Exempt Foreigners from Paying Taxes on Crypto Gains: Details
Israel aims to paint its picture as a pro-crypto nation to attract investors to engage with its economy. To do so, the country is mulling if Israel should exempt foreigner residents from paying taxes on incomes derived from the sale of crypto assets.
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German Intelligence Unit BND to Use Dog-Themed NFTs to Fish for Cyber Talent: Details
Germany’s intelligence unit BND has decided to find cyber talent by enticing people to participate in a virtual, blockchain-based treasure hunt. Unlike usual NFT collections, the collectibles from ‘Dogs of BND’ will not be up for sale on any NFT marketplace. Instead, these NFTs will only serve as collectibles, acquired by finding a character ...
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Crypto Transactions, Virtual Assets To Come Under Money Laundering Act
The ministry warned investors against "participation in and provision of financial services related to an issuers offer and sale of a virtual digital asset."
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Vedanta's Debt-Cut Plan At Risk As India Opposes $3 Billion Asset Sale
Vedanta Resources' efforts to manage its debt load were dealt a blow after the government opposed the mining conglomerate's proposed $2.98 billion deal to move certain zinc assets from its flagship company to another in which it is a majority shareholder.
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Cryptocurrency Firm Genesis’s Lending Unit Files for Bankruptcy as Crypto Sector Crisis Deepens
Genesis has filed for bankruptcy in the Southern District of New York. The company has liabilities and assets, both in an undisclosed range between $1 billion (roughly Rs. 8,120 crore) to $10 billion (roughly Rs. 81,200 crore). As part of its next line of action, Genesis aims to raise capital by launching a marketing and sale process to monetise i...
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Meta’s Future Lies With Judge as FTC Antitrust Trial Ends
Meta's fate against the FTC's antitrust case is now up to a federal judge to decide whether the company should be broken up. If Judge Boasberg sides with the FTC and finds the company illegally monopolised that market, it’s possible Meta could be forced to spin off Instagram, WhatsApp, or both.
-
Crypto Assets May Gain Legal Status in Japan as Regulators Aim to Tackle Insider Trading: Report
Japan's financial regulators are reportedly revising the Financial Instruments and Exchange Act to include crypto assets, aiming to submit the reformed bill to parliament by 2026 after completing their analysis. Led by the Financial Services Agency (FSA), this initiative aims to foster crypto industry growth under stringent regulatory oversight.
-
Donald Trump Establishes Strategic Bitcoin Reserve, Crypto Stockpile Utilising Seized Assets
US President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a separate crypto stockpile. These reserves will be funded exclusively with crypto assets seized during federal investigations, rather than using taxpayer money to acquire new tokens.
-
Infosys Aster, AI-Powered Marketing Suite for Global Enterprises Launched
Infosys, the multinational IT giant, launched a new marketing suite for enterprises on Tuesday that will offer artificial intelligence (AI) analytics and other tools to maximise sales and improve repeat customers. The suite, dubbed Infosys Aster, is aimed at both business-to-business (B2B) and business-to-consumer (B2C) enterprises. It offers more ...
-
Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.
-
Paytm Warns Of Job Cuts, Asset Sales Amid RBI Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer's business.
-
Adani Ports Acquires Gopalpur Port In Odisha At Rs 3,350 Crore
The Shapoorji Pallonji Group on Tuesday announced the sale of its brownfield Gopalpur Port to Adani Ports and SEZ Ltd for an enterprise value of Rs 3,350 crore, as part of its deleveraging strategy with planned asset monetisation.
-
Tata Sons Eyes Mega Monetisation Of Assets Via Stakes Sale, IPOs
Tata Sons may be looking at a mega monetisation drive for the first time to raise funds for new businesses.
-
New Cryptocurrency Tax Reporting Rule Proposed in US for Sales, Exchanges of Digital Assets
Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed US Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on c...
-
PayPal to Stop Sale of Cryptocurrencies in the UK Until 2024: Details
Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions.
-
Israel Follows UK to Exempt Foreigners from Paying Taxes on Crypto Gains: Details
Israel aims to paint its picture as a pro-crypto nation to attract investors to engage with its economy. To do so, the country is mulling if Israel should exempt foreigner residents from paying taxes on incomes derived from the sale of crypto assets.
-
German Intelligence Unit BND to Use Dog-Themed NFTs to Fish for Cyber Talent: Details
Germany’s intelligence unit BND has decided to find cyber talent by enticing people to participate in a virtual, blockchain-based treasure hunt. Unlike usual NFT collections, the collectibles from ‘Dogs of BND’ will not be up for sale on any NFT marketplace. Instead, these NFTs will only serve as collectibles, acquired by finding a character ...
-
Crypto Transactions, Virtual Assets To Come Under Money Laundering Act
The ministry warned investors against "participation in and provision of financial services related to an issuers offer and sale of a virtual digital asset."
-
Vedanta's Debt-Cut Plan At Risk As India Opposes $3 Billion Asset Sale
Vedanta Resources' efforts to manage its debt load were dealt a blow after the government opposed the mining conglomerate's proposed $2.98 billion deal to move certain zinc assets from its flagship company to another in which it is a majority shareholder.
-
Cryptocurrency Firm Genesis’s Lending Unit Files for Bankruptcy as Crypto Sector Crisis Deepens
Genesis has filed for bankruptcy in the Southern District of New York. The company has liabilities and assets, both in an undisclosed range between $1 billion (roughly Rs. 8,120 crore) to $10 billion (roughly Rs. 81,200 crore). As part of its next line of action, Genesis aims to raise capital by launching a marketing and sale process to monetise i...
