Author: Apurva More

Former US President Donald trump launched a collection of NFTs featuring his own pictures wearing a cape, superhero costume and ‘Trump Champion’ belt. He can be seen in various other costumes like astronaut and Nascar driver. The collection is called Trump Digital Trading Cards. Donald Trump has been satirized by numerous worldwide media sources in the past for his beliefs and opinions in the form of cartoons and comic books. This time, though, the former president entered their league to start his electronic trading card company rather than to make fun of them. Trump said that the limited edition NFTs…

On Wednesday, Elon Musk cashed out 22 million Tesla stocks, with a collective worth of 3.6 billion dollars. According to a statement by a US financial authority, the stocks were sold on Monday, Tuesday, and Wednesday of this week. Musk is yet to provide any reason for selling the stocks of the electric car company According to the report, Elon Musk has sold shares worth more than $39 billion of the world’s most lucrative car company since November 2021. The new Twitter CEO disposed off $8.5 billion in Tesla stock in April of this year, and another $7 billion in…

India’s annual Wholesale Price-based Inflation (WPI) declined to 5.85% year on year in Nov 2022, indicating the lowest WPI in the past 21 months. The WPI fell to 8.39% in Oct 2022 after staying above 10% for 19 months. As opposed to this year, the WPI was 14.87% in Nov 2021. According to a report from the Ministry of Commerce and Industry, the drop in the rate of inflation in November 2022 was principally caused by lowered prices for food items, basic metals, textiles, chemicals & chemical products, and paper & paper products compared to the same month the previous…

Following last week’s 35 bps point raise in the repo rate by the Reserve Bank of India (RBI), the State Bank of India (SBI) increased interest rates on domestic term deposits, including bulk deposits. According to the SBI website, the bank raised the FD rates by up to 65 bps on a few tenors beginning on December 13. In general, when the Reserve Bank raises the policy repo rate, fixed deposit and lending rates also rise. Most banks have actively adjusted their FD rates since May of this year in accordance with the results of the RBI’s policy, luring more…

London, The UK : The Financial Conduct Authority (FCA) fined Metro Bank $12.2 million (£10 million) and sent a notice for violation of the rules by publishing invalid information to the investors back in October 2018. The FCA claimed that the bank “was aware at the time” that the data it published was false. Additionally, the FCA has decided to sanction former Metro Bank CEO Craig Donaldson and former CFO David Arden, who were both knowingly involved in Metro Bank’s violation, by amounts of £223,100 and £134,600, respectively. What did the FCA find? Originally appointed to the Official List of…