SECURITIES AND EXCHANGE COMMISSION
US lawmakers urge SEC to delist Alibaba and Chinese companies: Report
Two US Republican lawmakers urged the SEC to delist 25 Chinese firms, including Alibaba and Baidu, citing national security risks due to alleged military ties. They claim these companies aid China’s strategic goals and violate human rights, posing threats to American investors under the Holding Foreign Companies Accountable Act.
"INS Kochi had fruitful interactions and professional exchanges at Male": Indian High Commission in Maldives
INS Kochi visited Male for maritime cooperation. The visit highlights India's commitment to regional security. The ship arrived with MNDF CGS Huravee after its refit in Mumbai. High Commissioner G Balasubramanian handed over CGS Huravee to Major General Ibrahim Hilmy. Captain Mahesh C Moudgil met with MNDF officials. Bilateral meetings and sports events were planned.
Come to a Pakistandstill: India wields Indus Treaty as strategic weapon to isolate Pakistan over terror
India is adopting a firm stance against Pakistan due to its support for terrorism. This includes reconsidering the Indus Waters Treaty. Despite India's past efforts to foster peace and economic growth in the region, Pakistan's actions have hindered progress. Pakistan's economy faces challenges, including slow GDP growth and high inflation.
Bitcoin approaches $95K: Is it heading towards $100K? Ethereum, XRP, and Altcoins shine in 2025; here's what numbers are telling
Bitcoin is nearing $95,000, fueled by institutional interest and adoption, while Ethereum maintains its strength in DeFi. XRP demonstrates stability despite legal challenges, driven by its cross-border payment solutions. Other altcoins like BNB, Solana, Dogecoin, Sui, and Chainlink are also making significant strides, contributing to a dynamic and promising cryptocurrency market in 2025.
Pahalgam Attack: EAM S Jaishankar warns perpetrators & backers must be brought to justice
In the wake of the deadly Pahalgam terror attack that killed 26 civilians, External Affairs Minister S. Jaishankar held talks with US Secretary of State Marco Rubio, emphasising the need for justice. Jaishankar highlighted the attack’s "cross-border linkages," and India has responded with military action and diplomatic steps against Pakistan. The US has pledged support in combating terrorism, while urging India to seek de-escalation with Pakistan. The situation remains tense, with heightened security operations in Kashmir.
What is World Liberty Financial, the Trump-linked crypto firm partnering with Pakistan?
Trump-linked crypto firm World Liberty Financial signed a blockchain deal with Pakistan days after a deadly terror attack in India, raising security concerns. The firm’s deep Trump family ties and opaque investor links spark ethical worries, as Pakistan eyes crypto growth amid geopolitical tensions.
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Pakistan tieup question mark on Trump-backed crypto firm
A cryptocurrency company, largely owned by the Trump family, has signed a letter of intent with Pakistan to boost blockchain adoption, just days after a terrorist attack escalated tensions with India. This venture raises concerns about conflicts of interest, as the company seeks currency swap deals and receives investments from controversial figures.
Sebi issues norms for withdrawing an ESG rating
India's market regulator on Tuesday issued norms for withdrawing an ESG rating, weeks after its chief told Reuters it is reviewing the reporting requirements on environment for listed companies.
Adani Green says independent review on US indictment found no irregularities
Adani Green stated that an independent review found no non-compliance related to U.S. bribery allegations against Gautam Adani and top executives. The company maintains adherence to laws and anticipates no material impact from U.S. proceedings. Despite the indictment, Vneet Jaain was reappointed as managing director for another five years.
Spain, Portugal power outage caused by 'rare' atmospheric phenomenon, Madrid matches suspended: 10 points
A nationwide power outage hit Spain and Portugal on Monday, leaving millions without electricity. The power outage has bought the countries to a halt, disrupting transport and forcing people to come out on streets. Three Madrid open matches have been suspended and The Spanish Parliament has been shut. Spanish citizens have been asked not to dial 112 unless in a genuine emergency to avoid overloading the lines.
China shrugs off threat of US tariffs to economy, says it has tools to protect jobs
China's leaders are downplaying the impact of the US trade war under President Donald Trump, emphasizing their ability to protect jobs and mitigate the effects of higher tariffs on Chinese exports. Senior government officials have promised support for businesses and the unemployed, including easier lending conditions and policies to counter the tariffs, which could reach up to 145% on US imports from China.
Still awaiting India's response on notices to Adanis: SEC, DOJ
The US SEC and DOJ are awaiting India's response to a request for assistance in serving notices to Gautam Adani and Sagar Adani in a securities fraud and bribery case. The SEC sought help from India's Ministry of Law & Justice to serve lawsuit notices, but a response is still pending.
Will Donald Trump Jr. and Eric Trump sell $9.6 million worth of stock? Here’s what Trump brothers are planning
If Donald Trump Jr. and Eric Trump choose to sell large portions of their shares, SEC regulations would require them to disclose the transactions due to their ownership of more than 5% of the company's stock.
US President Donald Trump calls Pahalgam terror attack ‘bad one’, declines intervention in Kashmir row
Following the terror attack in Pahalgam that killed 26 people, US President Donald Trump called it a “bad one” but downplayed the rising tensions between India and Pakistan. Speaking aboard Air Force One, Trump insisted the two nations would resolve the Kashmir issue themselves. India has taken strong retaliatory measures, including suspending the Indus Waters Treaty and diplomatic downgrades. Pakistan, denying involvement, warned of consequences. Skirmishes have since erupted at the Line of Control, reviving long-standing hostilities.
From Simla Agreement to Indus Waters Treaty: Bilateral agreements signed between India & Pakistan since 1947
Following the Pahalgam massacre, India suspended the Indus Waters Treaty, prompting Pakistan to treat all bilateral agreements, including the Simla Agreement, as suspended. Since 1947, India and Pakistan have signed numerous treaties addressing security, humanitarian concerns, and cultural exchanges. Key agreements include pacts on nuclear installations, airspace violations, and ceasefire along the LoC.
Ather’s Esop bonanza; Startups face tax heat
Ather Energy’s upcoming IPO is set to unlock wealth for more than 1,300 employees. This and more in today’s ETtech Top 5.
Pakistan stock market falls 2% after India suspends Indus Waters Treaty over Pahalgam terror attack
The Pakistan Stock Exchange (PSX) dropped sharply after India imposed tough diplomatic measures in response to the Pahalgam terror attack. The KSE-100 index fell 2.12%, reflecting investor concern. Meanwhile, Indian markets showed resilience, despite geopolitical tensions and IMF's downgraded growth forecast for Pakistan.
Pahalgam attack: Kashmir police name 3 terrorists behind tourists' killing, say two are Pakistani
Kashmir Police on Thursday named three suspected terrorists in the April 22 Pahalgam attack that killed 26 people. Two are reportedly Pakistani nationals, according to Reuters. Authorities have also announced cash rewards for any information leading to their arrest, as investigations into the deadly tourist-targeted attack continue.
‘Take back what is ours’: Zoho's Sridhar Vembu shares Sindhi bizman’s post calling to reclaim PoK, Balochistan after Pahalgam terror attack
Following the Pahalgam massacre, Zoho founder Sridhar Vembu highlighted the persistent dangers facing India, linking the recent terror attack to historical traumas of Partition and displacement. Vembu's remarks, prompted by entrepreneur Prakash Dadlani's account of his family's Partition experience, sparked a national conversation about security threats and reclaiming lost territories for the safety of countrymen.
US-China fentanyl talks hang by thread amid trade war
Amidst trade tensions, the U.S. and China continue talks on the fentanyl crisis, though American negotiators express frustration over China's insufficient proposals. Washington seeks stronger action against Chinese chemical manufacturers supplying drug cartels with precursor chemicals. China defends its drug laws and urges the U.S. to address its addiction problems.
India to work with Saudi Arabia to enhance stability of global oil markets
India and Saudi Arabia have agreed to collaborate on stabilising global oil markets and balancing energy dynamics, emphasising the security of supply for all energy sources. They will also cooperate in green hydrogen, climate change initiatives, and the circular carbon economy.
Operation Zeppelin: Inside Adani's counter to Hindenburg
Hindenburg Research, a forensic financial firm, targeted the Adani Group in January 2023 with a report alleging stock manipulation and accounting fraud, which led to a dramatic drop in Adani’s stock value. The fallout threatened the conglomerate’s stability but Adani responded swiftly, using a mix of public relations, legal maneuvers, and strategic actions to regain investor confidence.
Cognizant CEO Ravi Kumar’s pay rose by 14% in FY24; PSU vesting keeps realised compensation lower
Cognizant CEO Ravi Kumar's total compensation reached $8.2 million in fiscal year 2024, a nearly 14% increase. While his target direct compensation was set at $16.1 million, his realized pay was lower due to stock-based rewards yet to vest. The compensation committee increased his target to align with peer CEOs and acknowledge his initial performance.
Why India’s UHNIs and HNIs must consider engaging with a fee- based wealth advisor
With India's affluent population growing, the wealth management industry needs client-centric approaches. Waterfield Advisors, established in 2011, pioneers a fee-based model focused on trust and alignment with client interests. They offer holistic solutions, including investment advisory, wealth structuring, and philanthropic guidance, catering to diverse needs through specialized platforms.
Analysts warn US could be handing chip market to China
The Trump administration's attempt to restrict chip exports to China may backfire, potentially boosting Chinese innovation and market share. Nvidia and AMD anticipate significant financial losses due to new US licensing requirements. Experts warn that these restrictions could accelerate China's chip industry development, ultimately undermining US competitiveness in the global semiconductor market.
This crypto presidency should worry us all
Donald Trump's administration has reversed crypto regulations, dismantling the SEC's crypto enforcement efforts while his family launches crypto ventures. This deregulation may increase criminal activity and destabilise financial markets. Critics warn it echoes the 1920s financial turmoil, undermining investor protection and endangering the stability of the financial system.
Cognizant CEO Ravi Kumar’s FY24 pay rises nearly 14% to $8.2 million
Several Indian IT services firms received higher pay in 2024 compared to 2023, despite the industry facing economic challenges and reduced tech spending.
Cryptocurrency exchange Kraken cuts redundant roles amid traditional finance push
In a statement on its blog, Kraken had called the dismissal a turning point for cryptocurrency that ended a "wasteful, politically motivated campaign" begun during the Biden administration, and which hindered both innovation and investment. In March, the cryptocurrency exchange said that it would buy retail futures trading platform NinjaTrader for $1.5 billion, in a deal that would allow it to expand into multiple asset classes and grow its user base.
AMD says US rule on chips to China could cost it $800 million
The new US export control measure applies to MI308 graphics processing units (GPUs) designed for high-performance applications like gaming and artificial intelligence, AMD said. The company added in the filing that it "expects to apply for (export) licenses but there is no assurance that licenses will be granted."
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