Axis AMC Sacks Chief Trader Viresh Joshi Over Alleged Front-Running Allegations

Earlier this month, Axis AMC had suspended two of its fund managers, including Viresh Joshi. New Delhi: Axis Asset Management Company, the mutual fund promoted by Axis Bank, has terminated its chief trader and fund manager Viresh Joshi, who was facing allegations of front-running. Front-running refers to an illegal practice in the stock market where […]

Bitcoin Has No Future As Payments Network, says FTX’s Billionaire Chief: Report

FTX’s billionaire chief says bitcoin has no future as a payments network: Report Cryptocurrency exchange FTX’s founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday. Bitcoin, the world’s largest cryptocurrency, is created by a […]

Unocoin Chief Shares Thoughts, Concerns on India’s Crypto Climate

Brian Armstrong, the CEO of one of world’s largest crypto exchanges — Coinbase, addressed a rather unpleasant event that his firm recently encountered in India. Days after launching a UPI-based crypto-buying feature in India, Coinbase had to suspend it because the government denied to recognise the move. Armstrong said, Coinbase faced “informal pressure” from the […]

Debt-ridden Future Retail’s Chief Financial Officer C P Toshniwal Resigns

Future Retail’s Chief Financial Officer C P Toshniwal resigns New Delhi: Debt-ridden Future Retail’s Chief Financial Officer C P Toshniwal has resigned from the company, effective May 12. Toshniwal’s resignation is the recent addition to the string of resignations that started after the Rs 24,713-crore deal was called off last month by the billionaire Mukesh […]

Current Chief Vikram Limaye Not Part Of New CEO’s Selection Process: NSE

The five-year term of Vikram Limaye ends on July 16. Mumbai: The National Stock Exchange (NSE), the country’s largest stock exchange, has said its current CEO & MD Vikram Limaye is not involved in the selection process of his successor. “Vikram Limaye recused himself from the very beginning and was not involved in any way […]

Elon Musk, EU Industry Chief Discuss Digital Services Act

EU industry chief Thierry Breton met Tesla boss Elon Musk in Texas on Monday and the two signalled agreement on EU digital media regulation ahead of Musk’s purchase of Twitter. The meeting comes weeks after the world’s richest man clinched a deal to buy the social media company for $44 billion (roughly Rs. 3,40,270 crore) in […]

“LIC Pulled Off The Biggest IPO…” In India’s history: Paytm Money Chief

LIC pulled off the biggest IPO in India’s history: Paytm Money Chief The Life Insurance Corporation’s (LIC) record Rs 21,000 crore initial public offer (IPO) received an overwhelming response, with the issue oversubscribed nearly three times. Varun Sridhar, Chief Executive Officer of Paytm Money, said, “LIC pulled off the biggest IPO in the history of […]

Elon Musk to Meet EU Industry Chief Today, Discuss Supply Chain Issues

EU industry chief Thierry Breton will meet Tesla boss Elon Musk in Texas on Monday to discuss global supply chain issues and the bloc’s newly agreed rules requiring tech giants to do more to police online content, Breton’s spokesperson said. The meeting comes weeks after the world’s richest man clinched a deal to buy social […]

EU Antitrust Chief Appeals for Global Approach Towards Big Tech

Europe’s antitrust chief Margrethe Vestager, the architect of landmark rules to curb the power of US tech giants, called on Thursday for a global approach towards Big Tech to prevent companies taking advantage of enforcement gaps. Vestager, who has handed out billions of euros in fines to Alphabet’s Google and launched investigations into Apple, Amazon and […]

Citadel Securities Chief Hints At Entering Cryptocurrency Market

Ken Griffin, founder of Citadel Securities said he is looking at exploring cryptocurrency space Ken Griffin, the billionaire founder of Citadel Securities, one of the world’s biggest market-making firms, said on Monday he envisions the company entering the cryptocurrency market as a combination of a liquidity provider and an exchange. “Given the institutional increase in interest in cryptocurrency, […]

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