After a head-spinning and bizarre chain of events, U.S. financial regulators have formally approved new bitcoin exchange-traded funds. The move is being heralded as a landmark moment in the history of cryptocurrency and its acceptance into mainstream financial markets. In its approval announced on Wednesday, the Securities and Exchange Commission (SEC) expressed its long-standing discomfort with cryptocurrencies. … Read more
Gandhinagar: Car market leader Maruti Suzuki India will invest a cumulative ₹38,200 crore in Gujarat as part of a broader plan to double the output to 4 million units by FY31. In his address, T Suzuki, representative director and president of Suzuki Motor Corp, said: “Compared to 10 years ago, we expect 1.7 times in … Read more
A robotic lander built by a private company suffered a technical problem on its way to the moon on Monday, threatening to upend the first U.S. soft lunar landing in over 50 years. The issue with the lander’s propulsion system followed a successful launch of a new Vulcan rocket debuted by a joint venture of … Read more
Walmart Canada says it is abandoning plans to open a new fulfilment centre in Quebec. The U.S. retail giant was due to spend $100 million on the facility slated for the Montreal-area municipality of Vaudreuil-Dorion. It was expected to open early this year. Walmart Canada spokesperson Sarah Kennedy confirmed the change of plans in an … Read more
Heritage Minister Pascale St-Onge says she wants the role of public broadcaster CBC/Radio-Canada redefined before the next federal election. In a year-end interview with The Canadian Press, St-Onge said now is the time to update its mandate, to hedge against a possible change in government. She said the Liberal government believes a strong public broadcaster strengthens democracy and promises to keep … Read more
A trial date has been set for early 2025 to sort out whether Alberta is liable for billions in compensation due to policy changes for coal development in the province. In four separate statements of claim, coal companies allege that Alberta’s decision in 2022 to change the rules around coal mining cost them financially and resulted in … Read more
Indians’ love for larger, feature-rich vehicles, coupled with a concerted push to deepen local content, is turning into a boon for auto parts makers with domestic component sales rising 6.5%, on a high base, to a whopping $36.1 billion in the first half of this financial year. The shift in consumer preference is driving up … Read more
