Flipkart Investments Private Limited, the investment arm of Walmart-owned e-commerce giant Flipkart, is planning to sell up to 6% of its stake in Aditya Birla Fashion and Retail Ltd.
Category: economy
UK Lifts Crypto Ban, Opening Regulated Market Access for Retail Investors
On October 2, the UK Financial Conduct Authority removed its retail investor ban on crypto exchange-traded products. The last time since 2021, UK consumers can access regulated Bitcoin and Ethereum-connected products. But the delays in the regulatory approvals imply that investors will have to wait longer to start trading. On September 25, the day before […]
PSE to gamify stock trading for Filipino students
MANILA, Philippines – What’s the best way to demystify the stock market for the next generation of Filipinos? Maybe gamification is the way to go. The Philippine Stock Exchange (PSE) will launch next year a stock trading game for college students, aiming to jumpstart investor interest in schools and encourage participation in the local bourse.
Peloton Launches ‘Pro Series’ Commercial Fitness Line, Including First Commercial Treadmill
Peloton Interactive Inc. (NASDAQ:PTON) is one of the best stocks to buy under $20. On October 1, Peloton announced the launch of the Peloton Pro Series, which is a new suite of commercial-ready equipment designed for vertical market fitness center environments such as hotels and resorts, multi-family residential buildings, corporate wellness centers, and country clubs. […]
Corning, GlobalFoundries Partner on Detachable Fiber Connectors for AI Data Centers
Corning Incorporated (NYSE:GLW) is one of the best American stocks to buy and hold for the next 3 years. On September 29, GlobalFoundries Inc. (NASDAQ:GFS) and Corning Incorporated announced a collaboration to develop detachable fiber connector solutions for GlobalFoundries’ silicon photonics platform. The initiative will meet the increasing requirements of AI datacenters for high bandwidth and […]
BJP vitiated social harmony, says Uddhav; calls Fadnavis ‘helpless CM`
Citing the announcement of welfare schemes in poll-bound Bihar, the Shiv Sena (Uddhav Balasaheb Thackeray) chief appealed to the Centre to extend financial assistance to women in Maharashtra. Thackeray addressed gatherings of women and Shiv Sena (UBT) workers in Pune and also interacted with the media.
Road transport requires visionary approach
Chief Minister Devendra Fadnavis has directed the Maharashtra State Road Development Corporation to appoint consultants to set up these basic facilities along the route.
PSEi rises above 6,100 amid buying spree
MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) extended its winning streak to the third consecutive session on Friday. It closed just above the 6,100 mark as investors continued their buying spree. By the closing bell, the benchmark PSEi had rallied by 1.14 percent or 69.1 points to close at 6,108.86. Also, the broader
India Is Capable Of Absorbing Global Shocks, Stands Firm Despite Volatility: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman pointed out that the global order is shifting, with multilateral institutions currently undermining confidence in the international community. She highlighted that India’s robust domestic factors minimise the impact of global uncertainties.
VanEck Expands Crypto ETFs with Lido Staked Ethereum Registration
The post VanEck Expands Crypto ETFs with Lido Staked Ethereum Registration appeared com. TLDR VanEck has officially registered its Lido Staked Ethereum ETF in Delaware. The filing is an important step before seeking approval from the U. S. Securities and Exchange Commission. Lido Staked Ethereum offers investors exposure to yield-generating digital assets. LDO token saw a significant price surge of 7% following the registration announcement. Delawares favorable trust laws make it a popular jurisdiction for registering new funds. VanEck has officially registered its VanEck Lido Staked Ethereum ETF in the state of Delaware. If approved, this marks a significant expansion of its crypto ETF offerings. The registration indicates VanEck’s growing interest in offering new cryptocurrency investment products. The LDO token saw a 7% price surge following this announcement. VanEck Files Lido Staked Ethereum ETF with SEC VanEck has chosen Delaware to register its Lido Staked Ethereum ETF. This step aligns with the firms typical process of filing in Delaware. Delawares favorable trust laws make it a popular choice for establishing new funds. The filing is a critical first step before seeking approval from the U. S. Securities and Exchange Commission (SEC). Although registration does not guarantee approval, it shows VanEcks commitment to expanding its crypto offerings. VanEck aims to provide investors with exposure to staked Ethereum, allowing access to yield-generating digital assets. The filing reflects growing institutional interest in staking products and crypto ETFs. The agent for this ETF filing is CSC Delaware Trust Company, a common choice for large asset managers. The trust structure ensures compliance with Delaware’s regulations. This move is expected to position VanEck ahead of competitors in the crypto ETF market. Institutional Interest in Ethereum Staking ETFs The launch of Ethereum staking ETFs has already sparked greater institutional interest. VanEck aims to capitalize on this demand by offering the Lido Staked Ethereum ETF. Staked Ethereum involves tokens locked to secure the.