Thu, Aug 8, 2024 1:17 PM
RBI ignores 'Global Dangal' in MPC meet. What does it mean investors?
A Flip by Avya Verma
The US House of Representatives has passed the Biosecure Act, which aims to reduce US reliance on China in the biopharmaceutical industry, potentially benefiting Indian pharma companies like Divi's Labs, Laurus Labs, and Piramal Pharma. The act prohibits US drugmakers from engaging with five Chinese companies, shifting business to Indian contract development manufacturing players.
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If you have invested in mutual funds and are confused about the new KYC rules that have come into effect, here is a quick guide: 📌Find Out Your Status, 📌KYC Validated, 📌KYC Verified, 📌KYC On-Hold, 📌You can find your KYC status by logging in to any of the mutual fund's website and visit the page 'Modify/Update KYC', 📌The new KYC process has made it tougher for NRIs to invest in mutual funds.
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Coinbase's layer-2 blockchain, Base, has surged to the No. 2 spot on L2Beat, with an 18% market share, thanks to marketing savvy and a strong warchest, despite not being a technological pioneer. Base has outperformed other secondary Ethereum networks, driven by ease of onboarding and memecoin-linked trading pools.
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