The dollar rose 0.3% against its rivals, making gold more expensive for holders of other currencies
Posts in category Business Standard
US Crypto lending firm Genesis files for Chapter 11 bankruptcy protection (20-01-2023)
Crypto lending company Genesis is seeking Chapter 11 bankruptcy protection as faltering prices and the downfall of FTX continue to rattle the industry.
Genesis Global Holdco LLC and two of its lending business subsidiaries, Genesis Global Capital LLC and Genesis Asia Pacific Pte. Ltd., filed for bankruptcy protection in the Southern District of New York.
Genesis said that its other subsidiaries involved in the derivatives and spot trading and custody businesses and Genesis Global Trading are not included in the filing and continue client trading operations.
Genesis said that it has more than $150 million in cash on hand, providing ample liquidity to support its ongoing business operations and facilitate its restructuring.
Last week the Securities and Exchange Commission went after Genesis Global Capital and the crypto exchange Gemini, alleging that they were selling unregistered securities through a popular program that was supposed to give high interest payments on crypto …
Jio profit up 28.6% to Rs 4,881 crore, on track with 5G roll-out plan (20-01-2023)
Jio Platform’s revenue from operations grew 20.9 per cent annually to Rs 24,892 crore in the third quarter
Reliance Retail net profit rises 6.2% YoY in Q3; revenue up 18.6% (20-01-2023)
Ebitda from operations up 32.2%, revenue rises 18.6%
Market regulator Sebi heightens drive against front-running violations (20-01-2023)
Conducts search and seizure operations against experts appearing on TV channels
RBL Bank’s Q3 results: Net profit jumps 34% YoY on firm NII growth (20-01-2023)
The net NPA ratio was at 1.18 per cent as on December 31, lower than 1.26 per cent a quarter ago and 1.85 per cent a year ago
Sebi amends rules; intermediaries require prior nod for change in control (20-01-2023)
Capital markets regulator Sebi has amended rules which require vault managers and custodians to seek the watchdog’s prior approval in case of change in control.
The changes have been made to streamline the process of providing approval to the proposed change in control of the entities.
In a notification, the Securities and Exchange Board of India (Sebi) said that the vault managers and Custodians will have to obtain prior approval of the Board in case of change in control in such a manner as specified by the regulator.
To give this effect, Sebi has amended rules governing custodian and vault managers and the new rule has become effective from January 17.
Vault manager is regulated as a Sebi intermediary for providing vaulting services meant for gold deposited to create electronic gold receipts (EGRs). The obligations of the vault manager include accepting deposits, storage and safekeeping of gold, creation as well as withdrawal of EGR, grievance redressal and periodic reconciliatio
If you have only one exchange, you have a problem: BSE chief Ramamurthy (20-01-2023)
New BSE chief bats for competition, at least a duopoly in equity market space
Crypto wrap: Market continues to recover as total cap nears $1 trillion (20-01-2023)
There was a blip in the market on Thursday after the US agencies arrested the founder of Hong Kong-based crypto exchange Bitzlato, but it recovered on Friday
Union Bank Q3 net up 106.8 % at Rs 2,245 cr, considers QIP for equity (20-01-2023)
State-owned lender’s loan book grows 20.09% YoY to Rs 8.04 trn, asset quality improves