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Crypto Assets May Gain Legal Status in Japan as Regulators Aim to Tackle Insider Trading: Report
Japan's financial regulators are reportedly revising the Financial Instruments and Exchange Act to include crypto assets, aiming to submit the reformed bill to parliament by 2026 after completing their analysis. Led by the Financial Services Agency (FSA), this initiative aims to foster crypto industry growth under stringent regulatory oversight.
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Crisis-Hit Byju's Pays Full April Salary, Except To Sales Employees
Embattled edtech platform Byju's has paid full salary for April to employees in all functions, except sales staff, even as the company faces a liquidity crisis.
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Amid Byju's Money Crunch, Salaries Linked To Weekly Earnings: Report
Embattled edtech platform Byju's, which is finding it difficult to pay full salaries amid severe cash crunch, has now linked sales employees' pay to weekly revenue generation.
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OpenAI CEO Sam Altman Pitches ChatGPT Enterprise to Large Firms, Including Some Microsoft Customers
OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and other OpenAI executives pitched AI services for corporate use, going head-to-head in some cases with financial backer Microsoft, attendees told Reuters.
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Microsoft Ramps Up Spending to Meet AI Demand as Quarterly Revenue Rises to $56.2 Billion
Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts ...
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Credit Suisse Shares No Longer Fit For New York Listing
Battered shares in crisis-hit Credit Suisse no longer meet criteria for listing on the New York Stock Exchange, the bank said Wednesday, adding that its upcoming sale to UBS would resolve the issue.
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Sony Expects Quarterly Profits to Fall 3.2 Percent; Says PS5 Sales Will Jump By 6 Million Units in 2023
Sony Group on Friday said PlayStation 5 sales will jump by six million units this business year, but forecast its profit will slip from a record high as weaker financial services sales offsets gains from gaming, music and movies.
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Crypto Transactions, Virtual Assets To Come Under Money Laundering Act
The ministry warned investors against "participation in and provision of financial services related to an issuers offer and sale of a virtual digital asset."
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Centre Extends Deadline For IDBI Bank Sale Bids Submission To January 7
The government and LIC together are looking to sell 60.72 per cent of IDBI Bank and had invited bids from potential buyers in October.
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Activision Blizzard to Suspend China Game Services After NetEase Licenses End in January
Activision Blizzard will suspend most Blizzard game services in China, after its current licensing agreements with NetEase end in January, the publisher said on Thursday. The company said new sales would be suspended in the coming days and players would receive further details.
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Expression Of Interest For IDBI Bank Stake Sale Likely Next Month
The government is likely to invite preliminary bids for selling a stake in IDBI Bank next month and the discussions with the RBI are at the final stages, an official said.
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6 Merchant Bankers To Participate In Centre's Hindustan Zinc Stake Sale
As many as six merchant bankers are vying to handle and manage the sale of the government's 29.53 per cent residual stake in Hindustan Zinc Ltd (HZL), according to an official notice.
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Punjab National Bank Stops Digital Payment Incentive On Fuel Purchase
The lender said it has discontinued to pass on the 0.75 per cent fuel incentives from May this year
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Paytm Says Will Purge 28 Million Tokenised Visa, Mastercard, Rupay Cards by June 30
Digital financial services app Paytm said that it has tokenised 28 million cards across Visa, Mastercard and RuPay, and expects to purge saved card data by June 30.
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Bank Of India Plans To Raise Rs 2,500 Crore Through Equity Shares
Bank of India will raise Rs 2,500 crore by issuing fresh equity shares in order to comply with 25 per cent minimum public shareholding requirement
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Crypto Assets May Gain Legal Status in Japan as Regulators Aim to Tackle Insider Trading: Report
Japan's financial regulators are reportedly revising the Financial Instruments and Exchange Act to include crypto assets, aiming to submit the reformed bill to parliament by 2026 after completing their analysis. Led by the Financial Services Agency (FSA), this initiative aims to foster crypto industry growth under stringent regulatory oversight.
-
Crisis-Hit Byju's Pays Full April Salary, Except To Sales Employees
Embattled edtech platform Byju's has paid full salary for April to employees in all functions, except sales staff, even as the company faces a liquidity crisis.
-
Amid Byju's Money Crunch, Salaries Linked To Weekly Earnings: Report
Embattled edtech platform Byju's, which is finding it difficult to pay full salaries amid severe cash crunch, has now linked sales employees' pay to weekly revenue generation.
-
OpenAI CEO Sam Altman Pitches ChatGPT Enterprise to Large Firms, Including Some Microsoft Customers
OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and other OpenAI executives pitched AI services for corporate use, going head-to-head in some cases with financial backer Microsoft, attendees told Reuters.
-
Microsoft Ramps Up Spending to Meet AI Demand as Quarterly Revenue Rises to $56.2 Billion
Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts ...
-
Credit Suisse Shares No Longer Fit For New York Listing
Battered shares in crisis-hit Credit Suisse no longer meet criteria for listing on the New York Stock Exchange, the bank said Wednesday, adding that its upcoming sale to UBS would resolve the issue.
-
Sony Expects Quarterly Profits to Fall 3.2 Percent; Says PS5 Sales Will Jump By 6 Million Units in 2023
Sony Group on Friday said PlayStation 5 sales will jump by six million units this business year, but forecast its profit will slip from a record high as weaker financial services sales offsets gains from gaming, music and movies.
-
Crypto Transactions, Virtual Assets To Come Under Money Laundering Act
The ministry warned investors against "participation in and provision of financial services related to an issuers offer and sale of a virtual digital asset."
-
Centre Extends Deadline For IDBI Bank Sale Bids Submission To January 7
The government and LIC together are looking to sell 60.72 per cent of IDBI Bank and had invited bids from potential buyers in October.
-
Activision Blizzard to Suspend China Game Services After NetEase Licenses End in January
Activision Blizzard will suspend most Blizzard game services in China, after its current licensing agreements with NetEase end in January, the publisher said on Thursday. The company said new sales would be suspended in the coming days and players would receive further details.
-
Expression Of Interest For IDBI Bank Stake Sale Likely Next Month
The government is likely to invite preliminary bids for selling a stake in IDBI Bank next month and the discussions with the RBI are at the final stages, an official said.
-
6 Merchant Bankers To Participate In Centre's Hindustan Zinc Stake Sale
As many as six merchant bankers are vying to handle and manage the sale of the government's 29.53 per cent residual stake in Hindustan Zinc Ltd (HZL), according to an official notice.
-
Punjab National Bank Stops Digital Payment Incentive On Fuel Purchase
The lender said it has discontinued to pass on the 0.75 per cent fuel incentives from May this year
-
Paytm Says Will Purge 28 Million Tokenised Visa, Mastercard, Rupay Cards by June 30
Digital financial services app Paytm said that it has tokenised 28 million cards across Visa, Mastercard and RuPay, and expects to purge saved card data by June 30.
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Bank Of India Plans To Raise Rs 2,500 Crore Through Equity Shares
Bank of India will raise Rs 2,500 crore by issuing fresh equity shares in order to comply with 25 per cent minimum public shareholding requirement
