s The blue-chip NSE Nifty 50 index ended down 2.91% at 17,026.45 and the benchmark S&P BSE Sensex closed 2.87% lower at 57,107.15, both marking their biggest daily drops since April 12. The losses also pushed the Nifty 50 to its worst weekly performance since late January, with both the main indexes…
Several cryptocurrency startups and blockchain-related startups may look to move out of India amid the possibility of a ban on virtual coins. Founders of such businesses are planning to move to either the UAE or Singapore in view of the recent cryptocurrency bill that aims to ban all private cryptocurrencies, reported…
India’s economic recovery likely strengthened in the previous quarter, boosted by services activity that recovered after pandemic-related mobility restrictions were eased, a Reuters poll of economists found. The Nov. 22-25 poll of 44 economists put the median year-on-year growth forecast at 8.4% in the…
The global cryptocurrency market continues to remain under pressure due to low trading activity and volatility over the past 24 hours. Bitcoin, the world’s most popular cryptocurrency, was trading at $57,591 or 0.43 per cent lower than its value 24 hours ago at 12:30 pm. Bitcoin’s market capitalisation rose to…
Benchmark stock market indices crashed on Friday as the S&P BSE Sensex declined nearly 1,400 points and the NSE Nifty 50 fell almost 400 points. At 11:20 am, the Sensex was down over 1,200 points or over 2 per cent as it fell below 57,600. The Nifty, too, plunged over 2 per cent during today’s trading session.…
Prime Minister Narendra Modi laid the foundation stone of the Noida International Airport in Jewar, Uttar Pradesh, on Thursday. While addressing the event, the prime minister said the international airport will provide a major boost to the state’s economy in terms of tourism, export, employment and real estate. PM…
In a major setback to cryptocurrencies in India, the Centre on Thursday clarified that they will not be accorded the status of legal tender by any means. Union Finance Secretary T V Somanathan said: “Right now, I will only say that cryptocurrencies are not going to become a legal tender. The Indian Rupee is a legal…
The state-run oil marketing companies (OMCs) have kept fuel rates unchanged on Friday, November 26, 2021, marking stability in the prices of petrol and diesel for more than three weeks now. Notably, petrol and diesel prices have remained static for over three weeks after the central government announced an excise duty…
Indian shares dropped more than 1% on Friday, with losses seen across sectors, as investors fled risky assets after a new and possibly vaccine-resistant coronavirus variant was detected in South Africa. The blue-chip NSE Nifty 50 index was down 1.43% at 17,284.75 by 9:19 am, while the benchmark S&P BSE Sensex fell…
On November 26, 2021, gold prices have recorded a hike, while silver is trading on the lower side of the Multi Commodity Exchange (MCX). Witnessing a jump of Rs 220 or 0.46 per cent, gold futures maturing on December 3, 2021, stand at Rs 47,615 per 10 grams on Tuesday. Meanwhile, silver futures maturing on December 3,…