BUSINESS
US SEC sues crypto exchange Coinbase
The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service programme. According to the SEC's complaint, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities.
Apple acquires augmented reality headset startup Mira
According to The Verge, Apple has hired at least 11 of Mira's employees as part of the acquisition.
The report cited a private Instagram post by Mira CEO Ben Taft."Excited for Mira's next chapter, at Apple. Seven year journey from dorm room to acquisition," the post read.
Adani Group delivers record-breaking performance across portfolios; EBITDA grows at 36% to Rs 57,219 cr
The group, which has interests ranging from ports to airports, from electricity generation to transmission and distribution, from edible oil to FMCG products, logistics, cement and roads, recorded its highest ever EBITDA at the group portfolio level (all group companies combined) of Rs 57,219 crore, achieving a 36 per cent growth over.
RBI's monetary policy committee begins deliberations on finalising key rates
The panel will announce, on June 8, its decision whether to hold the rates (which it had done during it's previous meeting in April) or revise them upwards or cut them. In April, the MPC had kept the benchmark interest rates unchanged at 6.5 per cent on the back of easing retail inflation and the need to push economic growth.
Air India flight AI173 diverted to Russia's Magadan after snag
The flight, carrying 216 passengers and 16 crew members, encountered the problem mid-flight, prompting the pilot to take immediate action to ensure the safety of all onboard. Air India officials assured the passengers that alternate travel arrangements would be made to ensure they reach their destinations as soon as possible.
Federal Bank launches 'I am Adyar, Adyar is me' campaign in Chennai
This art exhibition will run for two weeks between 10 a.m. and 6 p.m. The campaign is a first-of-its-kind micro-marketing initiative in the banking industry, which is aimed to showcase the soul of Adyar, including its people's struggles and triumphs which make it special.
India's Internet economy to reach $1 tn by 2030: Report
"Three foundational forces - deepening consumer digital adoption, technology investments by businesses, and digital democratisation with the India Stack - has placed India at a turning point in its digital transformation," said Sanjay Gupta, Country Head and Vice President, Google India.
RBI not to remove its finger from repo rate pause button: Experts
"It is unlikely that the RBI will precede the Fed (US Federal Reserve) in reversing its course of rate hikes. However, MPC may soften its tone, on net amid (1) improving domestic inflation outlook (and a possible downward revision in its forecast), (2) improving external sector dynamics and (3) ongoing monetary-policy lags of past hikes," Madhavi Arora, Lead Economist, Emkay Global Financial Services said.
ECB president hints at more interest rate hikes
At a hearing of the Committee on Economic and Monetary Affairs of the European Parliament, Lagarde underlined that ensuring price stability is the ECB's responsibility, reports Xinhua news agency.
Microsoft to pay $20 mn fine over storing Xbox data for kids
The tech giant was charged with flouting the Children's Online Privacy Protection Act (COPPA) by collecting personal information from children who signed up to its Xbox gaming system without notifying their parents or obtaining their parents' consent, and by illegally retaining children's personal information.
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