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Business
Sensex Plummets 1500 Points: New COVID Variant To Blame?
New Delhi: Indian stock markets fell on Friday over fears of a new COVID variant in South Africa that could be more infectious than Delta. The Sensex fell about 1500 points to 57,307 at day's low while Nifty was struggling below 17200. "The…
Centre To Bring Bill In Parliament To Ban Cryptocurrency
New Delhi: The Centre is all set to bring a Bill in the Parliament’s winter session to ban all cryptocurrencies in India, barring a few exceptions. This is aimed at creating a framework to regulate digital currency issued by the Reserve…
India Needs ‘Well-Informed’ Discussions On Cryptocurrency In Public Space, Says RBI Governor
New Delhi: With the government formulating a law to regulate private virtual coins, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday that India needs much deeper discussions on the issue of cryptocurrencies.
“When the…
Cryptocurrency Can’t Be Stopped But Must Be Regulated: Parliamentary Committee
New Delhi: The Indian government is concerned about the growing cryptocurrency market.
Two days after Prime Minister Narendra Modi chaired a meeting on cryptocurrency and related financial issues with experts, the Parliamentary Standing…
FM Sitharaman To Engage With Odisha CM Naveen & Other State Heads On Nov 15
New Delhi: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman will engage with Naveen Patnaik and chief ministers of other states, state Finance ministers and Lt Governors of Union Territories via virtual conference mode…
Cryptocurrencies A Serious Concern, Says RBI Governor
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das has expressed “serious concern” over cryptocurrencies.
Reiterating the central bank’s stance on virtual currencies, Das highlighted the threat they could pose to India’s…
Nykaa Founder Falguni Nayar Becomes India’s Wealthiest Self-Made Female Billionaire
New Delhi: Nothing succeeds like success. Nykaa's strong share market debut on Wednesday, made the beauty startup's founder Falguni Nayar India’s wealthiest self-made female billionaire, according to the Bloomberg Billionaires Index.…
Five Years After Demonetisation, Cash Value In Circulation Rises By 64%
New Delhi: Exactly five years ago, the government in a bid to wipe out the black money went for a sudden call of demonetisation by weeding out currency notes worth 500 and 1,000 rupees.
But since November 8, 2016, the notes in circulation…
RBI Appoints This Bank As Agency Bank To Undertake Govt Business
Kolkata: India’s central bank — the Reserve Bank of India (RBI) — has authorised Bandhan Bank as the RBI’s Agency Bank for undertaking government business.
The appointment would permit Bandhan Bank to undertake government business on the…
Chinese Exports To Suffer Losses Of ₹50k Crore This Diwali; Know Why
Chinese products are in for heavy losses in India ahead of Diwali and other festivals.
According to the Confederation of All India Traders (CAIT), estimated losses to the tune of ₹50,000 crore are expected on part of Chinese exporters this…