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FTX CEO pocketed $300 mn after big funding raise: Report

Sam Bankman-Fried, CEO of now-bankrupt cryptocurrency exchange FTX, pocketed $300 million after a big funding raise last year, the media reported. According to The Wall Street Journal, the beleaguered crypto exchange secured $420 million in October 2021.

Government withdraws export duty on steel

The Centre has restored the status quo as was prevailing prior to May 22 and withdrawn the export duty on iron ore lumps and fines below 58 Fe content, iron ore pellets, and the specified steel products, including pig iron.