IOB net income surges 76% to Rs 1,111 crore in Q1 of FY26
The key net interest income climbed nearly 13 percent to Rs 2,746 crore and the net interest margin stood at 3.04 percent giving it an operating margin of 26.59 percent from 22.14 per cent, and a net profit margin of 12.53 percent, up from 8.36 percent.
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Time of India
7 minutes ago
- Time of India
Before CoinDCX: Major crypto platform hacks in recent times
Academy Empower your mind, elevate your skills Cryptocurrency trading platform CoinDCX suffered a cyberattack in the early hours of Saturday. Cofounders Neeraj Khandelwal and Sumit Gupta confirmed the hack in separate social media posts, assuring customers that their assets are safe. The amount lost was $44 million, said Khandelwal, adding that it would be borne by the CoinDCX remains a challenge for the booming crypto industry. Funds stolen by cybercriminals from crypto platforms totalled $2.2 billion in 2024, according to a report by blockchain analysis firm Chainalysis. This was the fourth straight year that saw such hacks bag more than $1 billion. ET reported in June that top Indian exchanges CoinDCX, Coinswitch, Mudrex and Zebpay have cumulatively recorded net inflows of $150-200 cyberattack on the Indian cryptocurrency exchange came as the total market value of cryptoassets went past $4 trillion for the first time, driven by a rally in altcoins and momentum from a sweeping US legislative push to regulate the could face nearly 1 trillion cyberattacks annually by 2033, reaching 17 trillion attacks by 2047, according to projections. The country experienced a very sharp surge in state-sponsored cyberattacks, with such incidents rising by almost 300% between 2021 and 2024, G20 Sherpa Amitabh Kant said in July last year, Cryptocurrency platform WazirX suffered the biggest cyberattack on an Indian exchange, affecting 15 million users. The hackers stole more than $230 million worth of investor holdings, or nearly half of the platform's estimated reserves. ET had spoken to about a dozen people who had invested between Rs 30,000 and Rs 1.5 crore on the platform, last December. Many recounted tales of financial distress—being driven into debt, having to flee their villages and grappling with suicidal blockchain intelligence firm Crystal Intelligence said that the WazirX thief has almost finished laundering the stolen funds via TornadoCash. Only $6 million of Ether (ETH) remains is an open source, non-custodial, fully decentralised cryptocurrency platform that shuffles crypto tokens, making it difficult to track the source of funds and recover any stolen the Israel-Iran conflict, hackers with possible links to Israel had drained more than $90 million from Nobitex, Iran's largest cryptocurrency exchange, in June, according to blockchain analytics firms. The stolen funds were transferred to addresses bearing messages that criticised Iran's Revolutionary Guard. The theft spanned a range of cryptocurrencies, including Bitcoin, Ethereum, Dogecoin and May, Coinbase estimated a hit in the range of $180 million to $400 million from a cyberattack that breached account data of a "small subset" of its customers. The company said it received an email from an unknown threat actor on May 11, claiming to possess information about certain customer accounts as well as internal hackers had paid multiple contractors and employees working in support roles outside the US to collect information from internal systems. Coinbase had fired the employees involved in the matter and also refused to pay the demanded ransom of $20 breach of cryptocurrency exchange Bybit in February had resulted in the loss of nearly $1.5 billion worth of digital assets. The company's chief executive officer, Ben Zhou, had stated that a hacker gained control of one of Bybit's offline Ethereum wallets, leading to the theft of funds through a series of transactions. Bybit is a cryptocurrency exchange serving more than 60 million users to a CNBC report, analysts have linked the attack to North Korea's Lazarus Group, a state-sponsored hacking collective known for stealing billions of dollars from the cryptocurrency major attacks include blockchain company Ronin Bridge, which had $615 million stolen from its systems, and Japan's DMM Bitcoin, which lost $305 million in June Japanese exchange, Coincheck, was hacked for nearly $500 million in 2018, and Japanese exchange Mt. Gox lost 850,000 bitcoins worth $470 million in 2014.
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UltraTech Cement Q1 Results: Cons PAT surges 49% YoY to Rs 2,226 crore, revenue jumps 13%
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Mint
7 minutes ago
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Multibagger small-cap stock Bluegod Entertainment hits upper circuit for 14 straight sessions
Stock Market Today: Multibagger small-cap stock Bluegod Entertainment hits the upper circuit during the intraday trades on Monday. The stock was locked in the upper circuit for 14 straight sessions. Bluegod Entertainment share price opened at 20.02 on the BSE on Monday. The Bluegod Entertainment at the time of opening was almost 2% higher than the previous day's closing price of ₹ 19.62. Bluegod Entertainment shares thereafter continued trading at the ₹ 20.02 level since it happened to be the upper price band for Bluegod Entertainment share price. The Bluegod Entertainment share price thereby was locked in the upper circuit on Monday. The Bluegod Entertainment share price has been rising regularly and hitting the upper circuit since the start of July. The Bluegod Entertainment share price is up more than 42% in the last month and hit a 52-week high on 21 July. The small-cap stock Bluegod Entertainment has seen sharp gains from 52-week lows of ₹ 5.62 on 30 January 2025 to 52-week highs of ₹ 20.202 on 1 July 2025, and thereby is up multifold. Bluegod Entertainment has thereby given multibagger returns to investors. Bluegod Entertainment has been rising and in June had announced the approval of the appointment of Infomerics Valuation and Ratings Limited, a SEBI-registered monitoring agency for monitoring the utilization of proceeds raised through the rights issue of the company. Multibagger small-cap stock Bluegod Entertainment is also considering a stock split, and recently the Board of Directors has approved the division/split of equity shares of the company, such that 1 (one) equity share of Rs. 10 (rupees ten only) each fully paid up, be subdivided/split into 10 (ten) equity shares having a face value of Rs. 1 (rupee one only) each fully paid up. The Record Date for the subdivision/split of existing Equity Shares shall be decided after obtaining requisite approval of the Shareholders of the Company and will be intimated in due course by the company. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
