EXCHANGE PLATFORM
CoinDCX buys UAE crypto trading platform BitOasis
Crypto exchange CoinDCX has acquired BitOasis, a Dubai-based company, for an undisclosed amount, to enter the Middle East and North Africa region. With this, the company adds $270 million to its assets under management.
India-based crypto exchange Coin DCX acquires Dubai's BitOasis
The firms did not disclose the transaction value, but BitOasis said in a separate statement that CoinDCX, which had already acquired a stake in the business last year, now owns the full share capital of the Dubai-based company.
AI is learning from what you said on Reddit, Stack Overflow or Facebook. Are you ok with that?
Some longtime users have attempted to erase their previous contributions or transform them into nonsense, but their efforts have not yielded significant results. A few governments, such as Brazil's privacy regulator on Tuesday, have also attempted to intervene. Meta has also encountered resistance in Europe, where it recently put on hold its plans to start feeding people's public posts into training AI systems
Sebi directs MIIs to implement uniform charge from October 1
Sebi directs MIIs to implement a new charge structure for fair market access, ensuring transparency and equal treatment for all participants.
66% of Indian consumers prefer to pay less in exchange for watching ads: Survey
The survey highlights evolving consumer preferences towards ad-supported streaming services in India, emphasizing the significance of tailored and relevant ad experiences. As consumers gravitate towards personalized ads and mobile streaming platforms, there is a growing need for streaming media companies to adapt their advertising strategies to meet changing consumer demands.
Delta Exchange launches India platform for crypto futures & options trading
Delta Exchange's Indian platform offers secure options trading on various crypto assets, supported by prominent investors and boasting impressive trading volumes and growth.
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IMEE-EC's India-UAE segment on track: Ports' digital integration moves forward, set to be ready in 100 days
The strategic India-Middle East Europe Economic Corridor (IMEE-EC) is set to commence its India-UAE leg, with a digital platform for port information exchange expected to be operational within the first 100 days of the Modi government. The initiative, aimed at enhancing trade connectivity, faces challenges due to tensions in West Asia, but recent support from the G7 has bolstered its prospects. The corridor, divided into phases, will facilitate the movement of cargo from locations in India to Israel.
India’s SME IPOs: From a quiet start to bull run
Ajay Thakur, former Head, BSE SME & Startup, recalls how it was a challenging journey to convince SMEs to get listed and see the benefits that would follow ahead.
FIU imposes Rs 18.82 crore penalty on crypto exchange Binance
In May, Binance had registered with the FIU as the exchange sought to resume operations in the country after the watchdog issued show-cause notices to nine offshore exchanges operating in violation of local rules.
Cushman & Wakefield launches advisory platform to help firms set up capability centres
Global property consultant Cushman & Wakefield on Wednesday announced the launch of an integrated advisory platform to help multi-national companies set up Global Capability Centres (GCCs) in India, Philippines and some other countries. At present, there are around 1,600 GCCs operational in India and the number is expected to rise exponentially to more than 2,400 by 2030.
ETtech Q&A | We pivoted multiple times, have been close to bankruptcy: Ixigo founders
Le Travenues Technology, the company behind the travel platform Ixigo, saw its shares listed on stock exchanges at a 48.5% premium to the IPO price. Cofounders Aloke Bajpai and Rajnish Kumar discussed the successful IPO and investor response with ET.
Riot Platforms shares drop 9% after Kerrisdale Capital shorts bitcoin miner
Kerrisdale believes the introduction of low-fee bitcoin ETFs is more beneficial to investors over owning shares of a company such as Riot, which has seen a steady decline in bitcoin holding and production per share.
What’s fueling the shift in Indian investor behaviour?
India added $1 trillion to the stock market in less than six months, reaching a $5 trillion market cap. Retail investors, with a surge in Demat accounts, play a key role in enhancing market stability and resilience.
A dozen consumer companies line up IPOs amid a thriving stock market
India's primary market anticipates a dozen consumer-facing companies to launch IPOs this year to capitalize on market potential. Companies like Coca-Cola's bottling partner HCCB, CG Foods, Allied Blenders & Distillers, Urban Tots, Cremica Food, Patel's R Mart, PNG Jewellers, Baazar Style Retail, Unicommerce eSolutions, One Mobikwik Systems, and Swiggy are among those planning IPOs.
NHCX, a single portal for all health insurance claims soon: what is the claims process, benefits to policyholders
The digital platform, to be launched in 2-3 months, will speed up and standardise claim settlement process, leading to cost benefits for the insured.
Zerodha faces another technical glitch, users face Kite login issues
India's second-largest broking platform Zerodha website displayed the error message ‘503 Service Unavailable. No server is available to handle the request.’ Traders on X (formerly Twitter) reported that the trading platform was not functioning even before trading commenced on Monday.
Sebi's rumour verification rule and its implications
A new Sebi rule requires top listed companies to confirm, deny, or clarify market rumours reported in mainstream media, focusing on material impacts on share prices.
Japanese crypto exchange says lost $300 million bitcoin in 'leak'
Japanese crypto exchange DMM Bitcoin said it had lost bitcoin worth around $300 million in what it described as "an unauthorised leak" from its digital wallet. DMM Bitcoin said the amount of the "leak" was about 48.2 billion yen ($300 million), which equals to 4,502.9 bitcoins.
99Bitcoins price prediction –Top BRC-20 token to invest in?
99Bitcoins is launching a learn-to-earn platform to educate users worldwide about blockchain technology and crypto trading. The $99BTC token has raised over $1.6 million, with price forecasts for 2024, 2025, and 2030.
Online bond platform companies set up industry body
The executive committee of the new body – called the OBPP Association of India – was formalized at a meeting on May 28 at the NSE’s office in Mumbai, with more than 20 of the 27 licensed OBPPs in attendance, the association said in a statement.
Exchanges warn investors of fake trading apps, impostors
Bourses in Mumbai issue warning about social media scams using established brokers' names for high returns.
In first 50 days of FY25, demand has increased by 13-14%: SN Goel, IEX
SN Goel discusses the positive factors for FY25, including high demand, improved coal supply, and lower prices. The market is expected to see growth driven by increased liquidity and policy initiatives. Goel further says , this year market share will be around 85% plus. And in the DAM and RTM market, they have about 99% plus market share.
Paytm witnesses slowdown in core businesses of merchant payments, consumer lending
In the first four months of 2024, Paytm’s user base shrank by 24% to 80 million, while the count of its active devices dropped by about 1 million over February and March on account of attrition, according to its quarterly filings with the stock exchanges. User attrition happened as a result of regulatory action by the RBI, it said.
Strata to apply for SM REITs license to broaden fractional ownership platform
Strata, India's top CRE investment platform, has applied for SM REITs license per SEBI regulations to migrate eligible assets and target Rs 2000 crore AUM by FY25. SEBI's 2023 FOP model for assets over Rs 50 crore expands opportunities, boosting investor trust. Strata aims to democratize CRE investment for retail investors.
Financial Intelligence Unit clears Binance and Kucoin to be Virtual Asset Service Providers
ET was the first to report in the April 18 edition that Binance, the world’s largest cryptocurrency exchange that was banned by the government in January, is poised to return to India by paying a penalty of about $2 million.
How to safely invest in real estate via fractional ownership platforms
Things to check before investing in real estate via Fractional Ownership: The Sebi has recently amended the rules and regulations for investing in real estate via Fractional Ownership platforms (FOPs). The new regulations intended to make investment in real estate (usually a commercial building) safer and transparent for retail investors.
D2C fashion brand Powerlook aims Rs 300 crore GMV this fiscal
Powerlook sets sights on hitting Rs 300 crore GMV, double the previous year. Emphasis on customer satisfaction, timely delivery, and quality products. Strong offline market presence and collaborations with influencers driving growth.
Binance, Kucoin get FIU nod to register and trade in India
The Indian government's Financial Intelligence Unit (FIU) has approved the registration applications of offshore cryptocurrency exchanges Binance and Kucoin as Virtual Asset Service Providers (VASPs) to operate in India. Kucoin, after paying a penalty of ₹35.5 lakh for past non-compliances, had its ban lifted. However, Binance's penalty amount is still being calculated. FIU guidelines require a principal compliance officer to register with FIU, India, but do not mandate offshore entities to establish a separate business in India.
Indian banks halt silver imports as duty differential spurs private trade
India's banks have stopped silver imports after private traders bought large volumes of the precious metal from the United Arab Emirates to benefit from a lower duty. The Comprehensive Economic Partnership Agreement signed between India and the UAE in 2022 allows private traders to import silver through the India International Bullion Exchange (IIBX) at a 9% duty and an extra 3% tax for value addition.
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