HDFC Bank Q1 FY27 slides: deposit growth strong, margins under pressure
HDFC Bank Q1 FY27 slides: deposit growth strong, margins under pressure
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Bybit Launches in Indonesia After NOBI Acquisition
Crypto exchange Bybit announced Thursday it has launched a locally operated platform in Indonesia after acquiring a majority stake in digital asset firm PT Enkripsi Teknologi Handal, formerly known as NOBI. The deal saw NOBI rebranded as Bybit Indonesia. The crypto exchange said it plans to introduce its services in phases, starting with 500 cryptocurrency…
Bybit Enters Indonesia Market After NOBI Acquisition, Heating Up Southeast Asia’s Exchange Race
The global exchange drive into Southeast Asia tightened its grip this week. Bybit, already ranked among the largest trading venues by volume, has formalized its entry into Indonesia through a majority acquisition of local platform NOBI, according to the original report. The deal hands Bybit a fully licensed local entity and a direct path to…
Major Drug Manufacturer Agrees To Pay $29,600,000 To Patients and States Across US, Settling Allegations of Illegally Inflating Generic Medication Prices
A major drug company has agreed to pay millions to settle accusations of illegally inflating generic medication prices. Glenmark will pay $29.6 million to resolve claims brought by dozens of states. The lawsuit accused the manufacturer of participating in a price-fixing scheme with other drug companies that kept generic drug prices artificially high through coordinated…
ECB Selects 36 Payment Providers for Digital Euro Pilot Across 19 European Nations
Key Takeaways: The ECB has picked 36 payment service providers to join its digital euro pilot. Testing will start in the second half of 2027 and last for 12 months. The pilot involves tests of real-life payment situations in 19 euro-area central banks. The European Central Bank (ECB) has selected 36 payment service providers (PSPs)…
IMF Paper Warns Dollar Stablecoins Can Trigger Currency Crisis
A new International Monetary Fund (IMF) working paper finds dollar stablecoins can amplify currency runs in economies defending an overvalued fixed exchange rate, turning fragmented parallel-market prices into a single signal that lets households exit at once. IMF researcher Brandon Joel Tan describes a state-dependent effect. Stablecoins raise welfare during calm periods but deepen crisis…
