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Business
‘You’re Fired,’ Says CEO To 900 Employees On Zoom
New Delhi: Vishal Garg, the CEO of Better.com fired 900 of his employees in a Zoom call on Wednesday. The Indian-American CEO said market efficiency, performance and productivity were the reasons behind the mass lay-off.
"This isn't news…
Indian Economy Below 2019 Levels, Says Nobel Laureate Abhijit Banerjee
Ahmedabad: Nobel laureate economist Abhijit Banerjee said that people in India are in “extreme pain” and the economy is still below the 2019 levels.
Banerjee was virtually addressing the Ahmedabad University students during the varsity’s…
RBI Slaps Rs 1 Crore Penalty On State Bank; Know Why
New Delhi: The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on State Bank of India (SBI) for deficiencies in regulatory compliance.
“The Reserve Bank of India (RBI) has, by an order dated November 16, 2021, imposed a…
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.…