Beijing may revive Ant Group IPO, reports Reuters China may allow the IPO of its homegrown internet and tech giant Ant Group in Shanghai and Hong Kong. Its co-founder and CEO Jack Ma made remarks on regulation in late 2021 leading to the cancellation of the mega offering and his ‘disappearance’ for some months. [Read more] Over 4 million IPO mandates through UPI in May, says report The Unified Payments Interface (UPI) system was used to create over 4.5 million IPO mandates in May, as per data by the National Payments Corporation of India (NPCI). Of these, a record 2.4 million were executed. [Read more] Apple forays into BNPL with ‘Pay Later, to handle lending alone Tech giant Apple will handle its own lending on the ‘Apple Pay Later’ platform as it makes inroads into digital financial services in India. This is the first time Apple will handle loans and risk assessments on its own, ditching third-party providers. [Read more] CFTC to regulate digital currencies, crypto and carbon trading to be in ambit The Commodity Futures Trading Commission (CFTC) will be put in charge of regulation of digital currencies, which would expand its ambit to agricultural, finance, and energy options markets, and digital assets like NFTs. [Read more] U.S. Senate Bill to stop Big 4 tech Firms from favouring themselves in searches The U.S. Senate is expected to pass an antitrust bill later this month aimed at preventing Apple, Google, Facebook, and Amazon from ‘favouring’ themselves in searches and other…
