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ADGM, Chainlink Sign MoU to Explore Compliant Tokenisation Rules, Cross-Chain Interoperability
The Abu Dhabi Global Market (ADGM) has signed an MoU with Chainlink. Under the MoU, both entities have agreed to collaborate on regulatory discussions and educational awareness initiatives in the UAE.
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Google, Apple Hit by Twin EU Rebuke Amid Big Tech Crackdown
The European Commission chastised Google for allegedly breaching the bloc’s landmark Digital Markets Act by favoring in-house services across its sprawling search empire and for preventing app developers from steering consumers to offers outside of its Play Store. Meanwhile, Apple was told it must loosen the shackles on its prized iPhone operatin...
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Sensex Gains 40 Points In Early Trade, Rupee Rises 8 Paise
Equity market benchmarks Sensex and Nifty climbed in early trade on Thursday driven by buying in index heavyweights ICICI Bank and Reliance Industries amid a robust domestic macroeconomic data and firm trend in the global peers.
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South Korea to Finalise Crypto-Focussed ‘Corporate Market Participation' Guidelines by April
The guidelines for corporate firms’ participation in crypto will be finalised by April, South Korea’s FSC said Wednesday. Kim So-young, the Vice Chairperson of the FSC, chaired the meeting. He said that US President Donald Trump’s pro-crypto actions had sharpened dialogue on the institutionalisation of VDAs.
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Global Smartwatch Sales Decline for the First Time in 2024, Xiaomi Reports Strong Growth: Counterpoint
Global smartwatch shipments declined 7 percent year-on-year (YoY) in 2024, according to a new report by market research firm Counterpoint. Apple continued to hold the top position in worldwide smartwatch shipments, followed by Huawei and Samsung in second and third places, respectively. Xiaomi marked the fastest growth in 2024 and secured a spot am...
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Apple, Meta Said to Face Modest Fines Over DMA Breaches in EU
Apple and Meta Platforms are set to face modest fines for allegedly breaching the DMA acts. The EU antitrust enforcer is focused on making sure the companies comply with the law rather than sanctioning them, the sources said, explaining the rationale for modest fines.
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US SEC to Move Away from Requiring Crypto Firms to Register as Trading Systems, Chief Says
The acting chief of the US Securities and Exchange Commission (SEC) said on Monday he has directed staff to look at ways to abandon a plan that would have widened the definition of alternative trading systems to include some cryptocurrency firms.
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Microsoft’s $13 Billion OpenAI Tie-Up Cleared by UK's Competition and Markets Authority
UK's Competition and Markets Authority said that the 2023 deal doesn’t qualify for a full investigation under merger rules. The decision, after around 14 months of scrutiny, removes one UK regulatory uncertainty for Microsoft, which faces a continued investigation into its cloud service offerings.
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Reliance, Airtel Among Nifty 50 Firms Experimenting with Web3, Testifies to Sector Growth: Mudrex
About 16 Nifty 50 firms, including Reliance, Airtel, ITC, and TCS, are exploring Web3 for digital marketing, supply chain management, CBDCs, and cross-border trading, according to a report by crypto investment firm Mudrex that was exclusively shared with Gadgets 360.
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India PC Shipments Surged 3.8 Percent YoY in 2024, HP Led the Way, Acer Saw Highest Growth: IDC
PC sales in India witnessed a solid 3.8 percent year-over-year (YoY) growth in 2024, as per a report by market research firm IDC. HP grabbed the lion's share of domestic PC shipment, while Lenovo secured the second spot followed by Dell. Acer and Asus also have featured in the top five positions. Total shipments of desktops, notebooks and workstati...
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US Securities Regulator to Drop Lawsuit Against Coinbase, Firm Says
Coinbase has said that the US securities regulator planned to withdraw its lawsuit against the crypto exchange. In a blog post, the exchange said SEC staff has "agreed in principle" to dismiss the case, although the final decision has not yet been voted on by the commission.
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Who Is 'She Wolf Of Stock Market' Asmita Patel, Now Banned By SEBI
Asmita Patel, her firm and other entities have been directed to return over Rs 53 crore collected as fees from course participants.
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China Reportedly Considers Probe Into Apple's Policies, App Store Fees
China's antitrust regulator is reportedly planning an investigation into Apple's policies and App Store fees. The country's State Administration for Market Regulation is reviewing Apple's policies, including its commission of up to 30 percent on in-app purchases and restrictions on external payment services and App Stores, the report said.
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Kraken Obtains MiFID Licence to Launch Crypto Derivatives Trading in the EU
Kraken announced that it has secured the Markets in Financial Instruments Directive (MiFID) licence in the EU. Kraken managed to secure this MiFID licence after it completed the acquisition of an investment firm named Cypirot. Post this purchase, the Cyprus Securities and Exchange Commission (CySEC) gave its approval to Kraken to be an MiFID-licenc...
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Tata Motors Looks to Local Battery Play as EV Competition Rises
Tata's EV market lead shrunk to 62 percent in 2024 from 73 percent a year ago as rival JSW MG Motor gained share with its new cars. This year, Mahindra & Mahindra, Hyundai Motor and market leader Maruti Suzuki will also launch EVs in India.
-
ADGM, Chainlink Sign MoU to Explore Compliant Tokenisation Rules, Cross-Chain Interoperability
The Abu Dhabi Global Market (ADGM) has signed an MoU with Chainlink. Under the MoU, both entities have agreed to collaborate on regulatory discussions and educational awareness initiatives in the UAE.
-
Google, Apple Hit by Twin EU Rebuke Amid Big Tech Crackdown
The European Commission chastised Google for allegedly breaching the bloc’s landmark Digital Markets Act by favoring in-house services across its sprawling search empire and for preventing app developers from steering consumers to offers outside of its Play Store. Meanwhile, Apple was told it must loosen the shackles on its prized iPhone operatin...
-
Sensex Gains 40 Points In Early Trade, Rupee Rises 8 Paise
Equity market benchmarks Sensex and Nifty climbed in early trade on Thursday driven by buying in index heavyweights ICICI Bank and Reliance Industries amid a robust domestic macroeconomic data and firm trend in the global peers.
-
South Korea to Finalise Crypto-Focussed ‘Corporate Market Participation' Guidelines by April
The guidelines for corporate firms’ participation in crypto will be finalised by April, South Korea’s FSC said Wednesday. Kim So-young, the Vice Chairperson of the FSC, chaired the meeting. He said that US President Donald Trump’s pro-crypto actions had sharpened dialogue on the institutionalisation of VDAs.
-
Global Smartwatch Sales Decline for the First Time in 2024, Xiaomi Reports Strong Growth: Counterpoint
Global smartwatch shipments declined 7 percent year-on-year (YoY) in 2024, according to a new report by market research firm Counterpoint. Apple continued to hold the top position in worldwide smartwatch shipments, followed by Huawei and Samsung in second and third places, respectively. Xiaomi marked the fastest growth in 2024 and secured a spot am...
-
Apple, Meta Said to Face Modest Fines Over DMA Breaches in EU
Apple and Meta Platforms are set to face modest fines for allegedly breaching the DMA acts. The EU antitrust enforcer is focused on making sure the companies comply with the law rather than sanctioning them, the sources said, explaining the rationale for modest fines.
-
US SEC to Move Away from Requiring Crypto Firms to Register as Trading Systems, Chief Says
The acting chief of the US Securities and Exchange Commission (SEC) said on Monday he has directed staff to look at ways to abandon a plan that would have widened the definition of alternative trading systems to include some cryptocurrency firms.
-
Microsoft’s $13 Billion OpenAI Tie-Up Cleared by UK's Competition and Markets Authority
UK's Competition and Markets Authority said that the 2023 deal doesn’t qualify for a full investigation under merger rules. The decision, after around 14 months of scrutiny, removes one UK regulatory uncertainty for Microsoft, which faces a continued investigation into its cloud service offerings.
-
Reliance, Airtel Among Nifty 50 Firms Experimenting with Web3, Testifies to Sector Growth: Mudrex
About 16 Nifty 50 firms, including Reliance, Airtel, ITC, and TCS, are exploring Web3 for digital marketing, supply chain management, CBDCs, and cross-border trading, according to a report by crypto investment firm Mudrex that was exclusively shared with Gadgets 360.
-
India PC Shipments Surged 3.8 Percent YoY in 2024, HP Led the Way, Acer Saw Highest Growth: IDC
PC sales in India witnessed a solid 3.8 percent year-over-year (YoY) growth in 2024, as per a report by market research firm IDC. HP grabbed the lion's share of domestic PC shipment, while Lenovo secured the second spot followed by Dell. Acer and Asus also have featured in the top five positions. Total shipments of desktops, notebooks and workstati...
-
US Securities Regulator to Drop Lawsuit Against Coinbase, Firm Says
Coinbase has said that the US securities regulator planned to withdraw its lawsuit against the crypto exchange. In a blog post, the exchange said SEC staff has "agreed in principle" to dismiss the case, although the final decision has not yet been voted on by the commission.
-
Who Is 'She Wolf Of Stock Market' Asmita Patel, Now Banned By SEBI
Asmita Patel, her firm and other entities have been directed to return over Rs 53 crore collected as fees from course participants.
-
China Reportedly Considers Probe Into Apple's Policies, App Store Fees
China's antitrust regulator is reportedly planning an investigation into Apple's policies and App Store fees. The country's State Administration for Market Regulation is reviewing Apple's policies, including its commission of up to 30 percent on in-app purchases and restrictions on external payment services and App Stores, the report said.
-
Kraken Obtains MiFID Licence to Launch Crypto Derivatives Trading in the EU
Kraken announced that it has secured the Markets in Financial Instruments Directive (MiFID) licence in the EU. Kraken managed to secure this MiFID licence after it completed the acquisition of an investment firm named Cypirot. Post this purchase, the Cyprus Securities and Exchange Commission (CySEC) gave its approval to Kraken to be an MiFID-licenc...
-
Tata Motors Looks to Local Battery Play as EV Competition Rises
Tata's EV market lead shrunk to 62 percent in 2024 from 73 percent a year ago as rival JSW MG Motor gained share with its new cars. This year, Mahindra & Mahindra, Hyundai Motor and market leader Maruti Suzuki will also launch EVs in India.
