SEC Seeks Asset Freeze and Repatriation in Binance Case: The Securities and Exchange Commission (SEC) urgently seeks to halt Binance’s U.S. platform, freezing assets and repatriating customer funds. Alleging fraud and improper conduct, the SEC’s filing targets Binance’s founder and entities involved, aiming to safeguard assets and prevent evidence tampering.

SEC Files Lawsuit Against Coinbase for alleged unregistered broker and exchange activities, demanding a permanent halt. Coinbase’s shares fell 12% after the lawsuit, following a 9% drop due to charges against Binance. SEC claims Coinbase violated securities laws, while the company argues for transparent legislation instead of litigation

“Apple Unveils New Mac Marvels: MacBook Air 15, Mac Studio, and Mac Pro, Powered by Game-Changing M2 Ultra Chip! Experience brilliance with a 15.3-inch liquid retina screen, Thunderbolt ports, and Dolby Atmos sound. M2 Ultra combines two chips for unrivaled performance. Get ready to revolutionize your Mac experience!”

Eric Young, a former vice president of engineering at Alphabet Inc’s Google Cloud, will supervise Snap’s core infrastructure, which includes the popular photo messaging service Snapchat.

China’s services sector experienced a pick-up in activity during May, according to a private-sector survey released on Monday. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 57.1 in May, up from 56.4 in April. This expansion in the services sector supports China’s consumption-led economic recovery in the second quarter. The survey’s findings differ from the official PMI, which was made public last week and showed a slower rate of increase in the services sector.

Sales of two-wheelers, three-wheelers, passenger cars, and commercial vehicles increased as a result of the wedding season and expected changes to FAME subsidies that are due to take effect in June. According to the Federation of Automobile Dealers Associations’ (FADA) most recent figures, India’s Retail Vehicle Sales Increased By 10% YoY In May.

On Monday, the Swiss international investment bank UBS announced that it would purchase Credit Suisse “as soon as June 12.” Following a government-backed rescue earlier this year, this takeover would result in a massive balance sheet of $1.6 trillion.

The app, which celebrated its one-year anniversary on April 7, received a new look as well as improved navigation and payment processes, resulting in its strongest growth period on all counts, including income.

IndiGo, India’s largest airline, is set to make aviation history with a potential deal for 500 Airbus A320 jets, surpassing previous records. The estimated $50 billion agreement, along with talks for wide-body jets, highlights the airline’s expansion plans amidst a rebound in India’s travel market. Find out more!”

Tata Group plans to invest Rs 13,000 crore in Gujarat to establish a lithium-ion cell manufacturing unit with an initial capacity of 20-gigawatt hours. The move aligns with India’s push for electric mobility and aims to meet the growing demand for lithium-ion batteries.

IRDAI transfers Sahara India Life Insurance’s business to SBI Life due to financial and governance issues. SBI Life will assume the policy liabilities of SILIC, ensuring a smooth transition for its policyholders. SILIC’s deteriorating financial position and failure to comply with regulations necessitated the transfer.

Success stories often inspire and motivate us, and one such tale is that of Sanjeev Nanda, a prominent hotelier who has made a mark in the hospitality industry. From his