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‘We never advocated crypto as legal tender… but this tech is solving real world problems’: Co-chair…
As the government gets closer to opening the curtains on its Bill to regulate cryptocurrencies, the crypto exchange industry hopes for a balance between protection of India’s financial stability and the innovation possible from the…
Omicron strain forces WTO to postpone ministerial meet
The World Trade Organization (WTO) has postponed its crucial meet of trade ministers from various countries — scheduled to start from November 30 in Geneva — for a second time, after an outbreak of a new strain of the Covid-19 virus led…
Paytm September net loss widens, says maintains growth momentum
India’s One 97 Communications Ltd, the parent of fintech firm Paytm, said on Saturday its net loss for the three months through September widened by 8.4% as expenses rose. Paytm, reporting its earnings publicly for the first time since this…
GOI to set up groups to address specific challenges of exporters
New Delhi, Nov 27 (UNI) Minister of State for Finance Bhagwat Kishanrao Karad has announced the formation of various groups to address the problems raised by exporters and group on the challenges of e-commerce retail exports which will…
Issue price of Sovereign Gold Bond fixed at Rs 4,791 per gram
New Delhi, Nov 26 (UNI) The issue price for the 8th tranche of the Sovereign Gold Bond Scheme 2021-22 has been fixed at Rs 4,791 per gram.
"The Government of India in consultation with the Reserve Bank of India has decided to allow…
Global stocks sink after South Africa finds new coronavirus variant
BEIJING: Global stocks and oil prices tumbled Friday after South Africa found a fast-spreading coronavirus variant and the European Union proposed suspending air travel from southern Africa.
London's benchmark fell by an unusually wide…
2021 is a watershed year for India: Kumar Mangalam Birla
KOLKATA: Chairman of the Aditya Birla Group, Kumar Mangalam Birla Friday said that 2021 has been a "watershed year" for the Indian economy after the reforms of 1991.
Speaking at the virtual annual session of ICC, Birla said that 30 years…
Vedantu announces buyback of ESOPs worth USD 3 million
NEW DELHI: Online learning platform Vedantu on Friday announced an Employee Stock Ownership Plan (ESOP) liquidity programme worth USD 3 million (about Rs 22.4 crore).
Under this programme, the top leadership and eligible active employees…
Sebi asks RTAs, merchant bankers to disclose investor charter
NEW DELHI: Markets regulator Sebi on Friday directed registrar and share transfer agents (RTAs) and merchant bankers to disclose investor charter as well as data pertaining to complaints they received on their websites.
The regulator has…
Ashok Leyland MD and CEO Vipin Sondhi resigns
NEW DELHI: Hinduja Group flagship Ashok Leyland on Thursday said its Managing Director and CEO Vipin Sondhi has resigned from the company citing personal commitments and Dheeraj Hinduja has stepped in as executive chairman with immediate…
Income Tax refunds worth Rs 1.23 lakh crore issued to 1.11 crore taxpayers so far in FY22
The Income Tax Department on Wednesday said it has issued refunds of over Rs 1.23 lakh crore so far this fiscal year.
This includes 75.75 lakh refunds of Assessment Year (AY) 2021-22 amounting to Rs 15,998.31 crore.
“CBDT issues…
Govt inks deal with US to phase out equalisation levy
Signing a pact for the transition from equalisation levy, India and the US on Wednesday agreed for a transitional approach on equalisation levy or digital tax on e-commerce supplies beginning April 1, the Finance Ministry said on Wednesday.…
Turkish lira rebounds from record low despite policy worries
Turkey’s lira recovered as much as 7% on Wednesday after a historic slide to record lows a day earlier triggered by President Tayyip Erdogan’s defence of rate cuts, but volatility and steep price rises still worried consumers and investors.…
Goa approves MECL’s proposal for assessment of mineral acreage
Panaji, Nov 24 (UNI) The Goa Government on Wednesday approved the proposal submitted by Mineral Exploration Corporation Limited (MECL) for assessment of mineral acreage for the state for auctions related work.
According to sources, MECL…
Nirmala Sitharaman asks banks to keep pursuing people who have turned loan accounts into NPAs
In a loud and clear message for those defaulting in repayment of bank loans, Union Finance Minister Nirmala Sitharaman Tuesday asked the banks to continue actively pursuing people who have turned their loan accounts into Non-Performing…
Navratri to Diwali: Credit flow this festive season hit a four-year high
SIGNALLING a revival in consumer sentiment on the back of an uptick in economic activity and brisk vaccination across the country, the incremental credit disbursement during the festive season this year surpassed credit disbursement seen in…
SDG urban index: Shimla, Coimbatore Chandigarh on top
Shimla, Coimbatore, Chandigarh and Thiruvananthapuram are among the top 10 performing urban areas in the NITI Aayog’s first Sustainable Development Goals (SDG) Urban India Index, while Dhanbad, Meerut, Faridabad and Patna are among the…
Goyal-Tai meet: US to ‘consider’ GSP benefits restoration
India and the United States have committed to mutually improving market access for certain agricultural products, and the latter has agreed to look at restoring India’s GSP (Generalized System of Preferences) status, according a joint…
Global push to cap oil prices: India to release 5 mn barrels from reserves
INDIA IS set to release 5 million barrels of crude oil from its strategic reserves as part of a coordinated move along with the US, China, Japan and South Korea aimed at lowering international prices. The US will release 50 million barrels…
US envoy, Indian Foreign Minister discuss re-launching bilateral trade forum
Washington, Nov 24 (UNI/Sputnik) US Trade Representative Katherine Tai said that she met with Indian External Affairs Minister Subrahmanyam Jaishankar to re-launch the trade policy forum between the two countries.
"I had the pleasure to…
