US SEC
Pine Labs set to file for up to Rs 6,000-crore IPO by month-end
Pine Labs is preparing to file its DRHP with SEBI by the end of June, aiming for an IPO later this year to raise Rs 5,000-6,000 crore. The IPO could value the company at $4-5 billion. The company has appointed Axis Capital, JP Morgan, Morgan Stanley, Citi and Jefferies as bankers to the issue.
Chip company Renesas says Wolfspeed situation won’t hit India OSAT
Reports of a likely bankruptcy filing by the US-based silicon carbide (SiC) wafer maker have been sending shockwaves through the global semiconductor industry with experts suggesting that it could impact Murugappa group-owned CG Power's upcoming outsourced semiconductor assembly and test facility (OSAT) in Sanand.
SEC’s crypto confusion deepens as next-gen ETFs test limits
The SEC faces growing regulatory challenges as it reviews new crypto ETFs that earn yield through staking Ether and Solana tokens. The agency’s inconsistent stance on whether these funds qualify as investment companies highlights unresolved questions about how securities laws apply to digital assets. While the crypto industry pushes for lighter regulation, the SEC grapples with defining the boundaries under the decades-old Howey test, leaving the future of next-gen crypto ETFs uncertain.
From barbs to blows? 6 ways Trump can harm Musk
Trump and Musk are in a public fight. It started over tax policy. Trump says he cut Musk out of EV decisions. Musk retaliated with an Epstein accusation. Trump threatened to end Musk's government subsidies. US regulators may target Musk's companies like Tesla and SpaceX. The FCC, FDA, EPA, NHTSA, FAA, and SEC oversee Musk's various ventures.
ETMarkets Smart Talk - We’re adding to domestic plays like autos, banks & telecom: V. Srivatsa, UTI MF
V. Srivatsa of UTI Mutual Fund suggests navigating market volatility by focusing on domestic sectors like autos and banking, while reducing exposure to global autos and metals. He notes that while IPO valuations appear high, value can be found in private sector banking, telecom, and chemicals. The fund is also increasing exposure to domestic-oriented industries.
Price wars hurt payment firms; CG Power’s fab play falters
Happy Friday! Payment aggregators are slashing fees to stay in the game. This and more in today’s ETtech Morning Dispatch.
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CG Power’s chip plans rocked by turmoil at wafer company Wolfspeed
The potential bankruptcy of American Silicon Carbide (SiC) wafer maker Wolfspeed could have ripple effects on India's semiconductor ecosystem, particularly Murugappa group-owned CG Power's upcoming chip facility in Sanand.
Elon Musk gets more time to respond to US SEC lawsuit over Twitter stake
In a filing in federal court in Washington, D.C., the SEC and Musk agreed to push back the deadline for Musk's response to July 18 from June 6, calling it "reasonable and in the interest of conserving judicial resources."
Circle CRCL IPO sparks crypto’s game-changing future: USDC stablecoin giant rockets past expectations with $1.1B raise at $31/share in NYSE debut — investors fixate on soaring $8.1B valuation
Circle IPO has made headlines with a stunning debut on the New York Stock Exchange, trading under the ticker CRCL. The USDC stablecoin issuer priced its IPO at $31 per share, raising $1.05 billion, and valuing the company at $6.8 billion. Backed by strong investor demand and a growing crypto-friendly U.S. regulatory stance, Circle’s IPO opens new doors for crypto infrastructure companies on Wall Street. As the second-largest stablecoin player, Circle’s success signals mainstream acceptance of digital finance. Here’s everything you need to know about this massive listing and what it could mean for the future of crypto.
Nifty’s 25,000 dilemma: Stuck in a 1,000-point range for 19 sessions. Will the index break free?
Nifty index faces resistance around 25,050, consolidating within 24,000-25,000. Options data suggests sideways movement. IT and auto sectors need to perform for a breakout. RBI rate cuts and strong GST collections could provide tailwinds. Motilal Oswal remains overweight on BFSI, consumer discretionary, industrials, healthcare, IT, and telecom. A 'buy on dips' strategy is advisable.
Crypto Prices Today: Bitcoin drops below $105,000 amid market consolidation; Altcoins decline up to 6%
The market breadth has started to improve, with midcap and smallcap stocks participating more actively. Retail investors are also coming back.
Murderbot Season 1 Episode 5: Release date, time, episode schedule and where to watch
Murderbot Season 1 Episode 5 will premiere on Apple TV+ on June 6, 2025. The episode, titled Rogue War Tracker Infinite, continues the series’ Friday release schedule. Viewers can stream it from 6 pm PT/9 pm ET. International release times vary.
Taylor Swift’s ex-lawyer joins Justin Baldoni amid legal war, fueling Blake Lively rift and fan frenzy
The legal fight between Justin Baldoni and Blake Lively takes a new turn. Taylor Swift's ex-lawyer, Ellyn Garofalo, is now on Baldoni's team. This adds fuel to the already strained relationship. Swift was earlier subpoenaed but it was withdrawn. Insiders say Swift and Lively's friendship is suffering. Garofalo believes an injustice occurred, prompting her involvement.
Is Trump's crypto policy opening doors for terror financing in Pakistan?
Pakistan is leveraging cryptocurrency to strengthen ties with Trump administration, amidst concerns over lax anti-money laundering enforcement and potential terror financing risks. Trump's crypto-friendly policies are opening doors for previously scrutinized figures, while Pakistan aims to align with US crypto regulations, potentially circumventing FATF and IMF scrutiny.
Did Elon Musk mislead investors about Tesla's future EV plans? What you need to know
Tesla executives worried about Elon Musk's denial regarding the $25,000 EV cancellation. They feared SEC scrutiny and investor confusion. The company shifted focus to robotaxis. This decision led to internal concerns and market uncertainty. Tesla is facing declining sales and rising competition from BYD. The affordable EV remains unreleased. Musk's actions raised questions about transparency and future product strategy.
Tesla executives question Musk after he denies killing $25,000 EV project: Sources
Elon Musk denied reports Tesla canceled its $25,000 EV, confusing executives who knew it was scrapped. Internally, focus shifted to robotaxis, but investors were misled. The low-cost model, once key to Tesla’s growth, remains unreleased, raising concerns about transparency and regulatory scrutiny.
Never back down: Gautam Adani reveals how his business empire became more resilient, formidable and unbreakable
Gautam Adani underlined Adani Group's resilience and growth plans despite facing significant challenges, including allegations from Hindenburg Research and US authorities. As of now, the conglomerate intends to invest $15-20 billion across its diverse businesses over the next five years, driven by record earnings and a focus on renewable energy, ports and infrastructure projects.
GIFT Nifty hits record monthly turnover of $102.35 billion in May 2025
GIFT Nifty hit a record monthly turnover of $102.35 billion in May 2025, reflecting rising global investor confidence. Since full operations began in July 2023, cumulative turnover has reached $1.93 trillion across 43 million contracts.
As the TACO trade gains popularity, here are multiple occasions when Trump threatened and then backtracked
Donald Trump often talks about putting high tariffs on other countries’ goods, but many times he changes his mind. This back-and-forth has made companies unsure about the future and has caused economic problems, like job losses and market swings.
Outdated risk, renewed opportunities: A case for acquisition financing
India's financial landscape has evolved significantly, making the old restrictions on acquisition financing by banks outdated. Lifting these restrictions would allow Indian banks to participate in the growing M&A market, fostering transparency and boosting the competitiveness of Indian companies. This move aligns with the country's economic progress and strengthens its position in the global arena.
US SEC dismisses lawsuit against Binance crypto exchange
The SEC sued Binance and Zhao in June 2023, accusing the exchange of artificially inflating trading volumes, diverting customer funds and misleading investors about its surveillance controls. Binance was also accused of unlawfully facilitating trading of several cryptocurrency tokens that SEC leadership during President Joe Biden's administration believed should have been registered as securities.
As U.S. court blocks tariffs, here are ways Donald Trump could find a workaround after suffering a major blow
Despite a court ruling against President Trump's tariffs, legal avenues remain open for their reinstatement. Economists suggest the administration could utilize tools like Section 122, Section 301 investigations, or Section 338 of the Trade Act. While the court blocked broad tariffs, sectoral levies on steel and aluminum remain, and the administration may seek to expand their application.
NRIs to pay lower LTCG tax on these equity shares due to proposed forex fluctuation benefit in New Income Tax Bill 2025
The New Income Tax Bill, 2025 introduces a 'forex fluctuation benefit' that allows NRIs (excluding FIIs) to potentially pay lower long-term capital gains tax on unlisted equity shares. This provision addresses the issue of NRIs being taxed on artificially inflated income due to rupee depreciation. Read more to know how this helps.
I-Sec maintains Reduce call on Glenmark Pharma, raises target price to Rs 1,300
ICICI Securities maintains a Reduce call on Glenmark Pharmaceuticals, revising the target price to Rs 1,300. The brokerage anticipates revenue, EBITDA, and PAT to grow at a CAGR of 10.3%, 15.0%, and 20.8% respectively, between FY25-27E. Slower growth in India prompts a slight reduction in revenue and EBITDA estimates for FY26/27E.
India win gold in mixed relay; four others bag silver at Asian Athletics Championships
India showcased a dominant performance at the 26th Asian Athletics Championship, securing a gold medal in the 4x400m mixed relay with a time of 3:18.12sec. Tejaswin Shankar (decathlon) and Praveen Chithravel (triple jump) added to the medal tally with silver medals. Rupal Chaudhary, Pooja, and Yoonus Shah also contributed with individual silver and bronze medals, respectively, bolstering India's overall success.
Break your silence: Congress Sec Jairam Ramesh to PM Modi on US' repeated claims about India-Pak ceasefire
The Congress party is pressing Prime Minister Narendra Modi for clarification regarding statements from the US President Donald Trump's administration. These statements claim that Trump played a key role in securing a ceasefire between India and Pakistan, allegedly using his tariff authority to influence the situation. In contrast, India asserts that the ceasefire resulted from its own direct negotiations.
Fidelity shakes up retirement planning with IRA that offers direct exposure to Bitcoin, Ethereum, and Litecoin
Fidelity Investments has introduced Fidelity Crypto for IRAs, enabling eligible US adults to invest in Bitcoin, Ethereum, and Litecoin within Roth, traditional, or rollover IRAs. This new offering, launched on April 2nd, features no account fees, a 1% transaction fee, and enhanced security measures.
Domestic investment will see resurgence as there is disproportionately lower uncertainties in the domestic economy compared to the global markets, says CEO Sanctum Wealth
Shiv Gupta, Founder & CEO, Sanctum Wealth, is optimistic about the long-term uptrend in domestic equities but cautions investors about short-term risks. In conversation with ET Wealth’s Sameer Bhardwaj, he explains how unpredictable global factors could pose risks to investors in the near term, and this is the time investors should opt for balanced investing options
Mired with controversies, US Defense Sec Pete Hegseth announces new press policy within Pentagon
US Defense Secretary Pete Hegseth on Friday issued orders that require journalists to have official escorts within much of the Pentagon building, the latest in a series of Trump administration restrictions placed on the press. He called the protection of classified national intelligence information and operational security "an unwavering imperative for the Department."
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