SEC
Apple ex-lawyer ordered to pay $1.15 million SEC fine for insider trading
Former Apple lawyer Gene Levoff fined $1.15 million for insider trading. Levoff traded on nonpublic information from the iPhone maker. The fines were imposed by a U.S. District Judge.
Weekly-once insulin jab may soon come to India
A new weekly insulin dosage by Novo Nordisk, Insulin Icodec, is on the brink of approval in India, offering potential relief for those who require daily insulin injections. The Subject Expert Committee has recommended permitting the import and sale of this innovative product, expected to revolutionise the insulin market. While further studies are required, doctors anticipate improved patient compliance with this new treatment option.
Banks told to stay vigilant amid intel on cyberattack threat
Apart from continuously checking network activities and server logs to detect malicious intrusions, banks will have to monitor critical payment systems such as SWIFT (the messaging system to confirm cross-border fund transfers), card network (which facilitates card payments), the online local fund transfer frameworks RTGS, NEFT and UPI, the real-time payment system.
US regulators could approve spot ether ETFs for launch by July 4
Ether ETFs are on the brink of approval, with major stock exchanges gearing up for trading. The process, involving top asset managers and regulatory bodies, seems to be approaching its final stages, indicating a significant development in the ETF market.
After 20 years, Nagaland holds civic body polls, over 20% voting recorded in two hours
This was a historic election in the northeastern state as the polling to three municipalities and 22 town councils was being conducted after a gap of 20 years. The last elections were held in 2004.
FPIs’ G-Sec purchases cross $10-billion mark
Nine months after JP Morgan announced the inclusion of Indian government debt in its emerging markets index, foreign portfolio investors have increased their ownership of sovereign bonds by over $10 billion. The influx of funds is expected to continue as India's index weightage grows.
Uttarakhand accident: Four women sharing flat in Noida among dead in tempo traveller accident
In a tragic accident in Rudraprayag district, a tempo traveller carrying tourists, including six flat mates from Noida Sector 51, plunged into a gorge. Four women from the group died, identified as Mohini Pandey, Smriti Sharma, Nikita Bhatt, and Anjali Srivastava, while two others, Vandana Sharma and Shubham Singh, were severely injured. The incident claimed 15 lives and injured 11, with critical cases transferred to AIIMS Rishikesh.
THIS Cryptocurrency ETF could soar up to 5,400%, claim some Wall Street analysts. Here's what you should know
According to experts at Wall Street, cash-rich billionaires are on a buying spree of a certain Cryptocurrency ETF, that may soar to unimaginable level in a matter of time.
Timing for US ether ETF launches depends on how fast issuers can move, SEC chair says
The SEC still has to approve the ETF issuers' registration statements detailing investor disclosures before they can start trading. That process usually involves a lot of back and forth between the ETF issuers and SEC officials.
Timing for US ether ETF launches depends on how fast issuers can move, SEC chair says
SEC Chair Gensler highlighted the similarity between the correlations of ethereum futures and bitcoin futures, influencing the approval of spot bitcoin ETFs in January.
Baron Capital marks up Swiggy valuation by 25% to $15.1 billion
Swiggy Valuation: Baron Capital, which participated in Swiggy’s $700 million funding round in January 2022 at a valuation of $10.7 billion, has raised the fair value of its holding in Swiggy for the fourth straight time. Crossover funds, i.e. funds which invest in publicly traded and privately held companies, review the valuation of their portfolio companies periodically.
Ethereum ETFs: Why it is a game-changer for mainstream crypto adoption
Ethereum's pivotal role in propelling the mainstream adoption of crypto cannot be overstated. As the market undergoes continuous evolution, Ethereum stands as a cornerstone, guiding the industry toward unprecedented growth and innovation.
Hero Fin could raise over Rs 5,000 crore in IPO, largest by an NBFC
The share sale could be worth ₹5,300 crore to ₹5,500 crore, making it the largest ever public issue by a non-banking financial company (NBFC). Hero FinCorp's board approved the public issue on Wednesday.
US SEC approves exchange applications to list spot ether ETFs
The U.S. SEC approved Nasdaq, CBOE, and NYSE to list ETFs tied to ether's price, surprising the industry. Nine issuers, including VanEck and BlackRock, aim to launch ETFs for the second-largest cryptocurrency after bitcoin. Approval follows SEC's January decision on bitcoin ETFs.
US House passes crypto bill despite warnings from SEC
The House approval comes as the U.S. Securities and Exchange Commission (SEC) signals that it will likely approve applications for spot ether exchange-trade funds in a surprising boost to the industry.
Elon Musk may be compelled to testify again in SEC's Twitter takeover probe
Elon Musk faces possible testimony in SEC's Twitter takeover investigation. Lawyers resist SEC's efforts. Probe centers on Musk's Twitter stock purchase. Previous rulings favored SEC. Dispute ongoing since Musk's 2018 tweet.
Grayscale CEO sees bitcoin ETF outflows reaching equilibrium
Grayscale Bitcoin Trust navigates stabilizing outflows amidst SEC-approved rivals and intense competition from BlackRock and Fidelity. Plans for Bitcoin Mini Trust and spot ether ETF in progress as CEO Sonnenshein anticipates fee reduction in mature markets.
Coinbase must face US securities regulator's lawsuit, says judge
While the decision is a partial win for Coinbase in what could be a lengthy and expensive court battle, it largely blesses the SEC's approach to cryptocurrency and agrees with other judges who have sided with the regulator.
SEC ramps up hack probe with focus on tech, telecom companies
The regulator has asked for internal communications of affected companies about the cyber attack's impact, probing for gaps in corporate security and for other cyber incidents, the report said, citing people familiar with the matter who did not identify the companies.
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