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MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year

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Finance minister Nirmala Sitharaman on Saturday signaled a possible revival of India-China business relations, saying both sides have shown interest in reviving economic engagement after years of tension. Speaking at

MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year fall in net profit to Rs 4,472.2 crore for the quarter ended June 2025, primarily due to a one-time gain

File photo: Union minister Piyush Goyal (Picture credit: PTI) India’s Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister Piyush

File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority.

This is an AI-generated image, used for representational purposes only. An Indian company that exported $1.4 million worth of an explosive compound to Russia last December said it complied with

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MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year fall in net profit to Rs 4,472.2 crore for the quarter ended June 2025, primarily due to a one-time gain

File photo: Union minister Piyush Goyal (Picture credit: PTI) India’s Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister Piyush

File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority.

This is an AI-generated image, used for representational purposes only. An Indian company that exported $1.4 million worth of an explosive compound to Russia last December said it complied with

File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday said the European Union’s Carbon Border Adjustment Mechanism (CBAM) is likely to

NEW DELHI: Union commerce and industry minister Piyush Goyal on Saturday hailed the newly signed free trade agreement with the United Kingdom and said that the deal was signed on

Donald Trump’s social media firm targets $2.5 billion investment to establish ‘bitcoin treasury’

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Donald Trump’s social media firm targets $2.5 billion investment to establish 'bitcoin treasury'

US President Donald Trump’s social media enterprise revealed its strategy on Tuesday to secure approximately $2.5 billion, with intentions to establish a “bitcoin treasury”, while confirming cryptocurrency’s significant role in its portfolio.Trump Media & Technology Group, the operator of Truth Social platform, confirmed in its announcement that it has secured subscription arrangements with approximately 50 institutional investors, as reported by AFP.The agreements stipulate the company’s commitment to issue and distribute roughly $1.5 billion in common stock alongside $1.0 billion in convertible senior secured notes through a private placement offering.“The Company intends to use the proceeds for the creation of a Bitcoin treasury. One of the largest Bitcoin treasury deals of any public company, the move closes Trump Media’s previously announced special acquisition fund, which is one of numerous ways, including through potential mergers and acquisitions, that the Company is aiming to expand its reach throughout the America First economy,” said the company in its press release.The company indicated the offering should conclude around May 29. Their stock value experienced a 10.4 percent decline at closing. “We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets,” said Trump Media CEO Devin Nunes.He further added that the investment would “help defend our Company against harassment and discrimination by financial institutions.”The organisation expressed its intention to broaden its influence “throughout the America First economy,” revealing that Anchorage Digital would provide custody services for its bitcoin treasury.Trump has declared his intention to transform the United States into the “crypto capital of the world.”Trump’s recent interest in digital currencies has developed into several ventures, primarily managed by his eldest sons.





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