The world of money is changing with a strong push for private currency in the form of cryptocurrency. The normal world is divided into sovereign governments that regulate affairs of nation-states and issue their own currencies for economic functions. Cryptocurrency challenges this normal world of business and economy…
The government has listed the Banking Laws (Amendment) Bill 2021, which will be taken up during the Winter Session of Parliament to privatise two public sector banks as part of the Rs 1.75 lakh crore disinvestment target in the current fiscal year. The legislation is one of the 26 bills that are scheduled to be…
Shares of two state-owned banks, Indian Overseas Bank (IOB) and Central Bank of India (CBI), jumped sharply during Wednesday’s intra-day trading session. Shares of both banks had rallied up to nearly 20 per cent in early trade. At 11:50 am, shares of IOB were trading 11.34 per cent higher on the Bombay Stock Exchange…
Indian shares edged up on Wednesday, boosted by energy and financial sectors, while stocks globally were on the edge as traders weighed volatile oil prices after the United States and other nations moved to cool prices. The blue-chip NSE Nifty 50 index rose 0.14% to 17,527.25 by 9:21 am, while the benchmark S&P BSE…
Prices of cryptocurrencies crashed after India proposed a law to prohibit all private players in the segment. The central government has proposed to present a Bill on cryptocurrency in the upcoming Winter Session of Parliament to facilitate creation of the official digital currency to be issued by the Reserve Bank of…
On November 24, gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX). Witnessing a hike of Rs 175 or 0.37 per cent, gold futures, maturing on December 3, 2021, are trading at Rs 47,569 per 10 grams on the MCX. Meanwhile, recording a marginal hike of Rs 159 or 0.25 per cent, silver…
The state-run oil marketing companies (OMCs) have not revised the prices of petrol and diesel across the country on Wednesday, November 24, 2021. Petrol and diesel prices have maintained stability in the domestic market amid a continuous fall in global crude oil prices. According to the Indian Oil Corporation, the…
Indian payments firm MobiKwik will carry out an initial public offering later than initially planned, its CEO said on Tuesday, following the dismal market debut of larger rival Paytm earlier this month. In India’s largest-ever IPO, digital payments start-up Paytm made one of the worst major Indian stock market…
Cryptocurrencies have weakened over the past 24 hours due to volatility in the virtual coin market, triggered by weak investor confidence and lack of demand after the recent correction. Bitcoin, the world’s largest cryptocurrency, was trading at $55,914.94 or 2.64 per cent lower than its price 24 hours ago at 2:00…
The Goods and Services Tax (GST) fitment committee has proposed raising multiple tax slabs under the regime. Sources suggest that the fitment committee has proposed raising the 5 per cent tax slab to 7 per cent and the 18 per cent slab to 20 per cent. It is exploring the possibility of merging the 12 per cent and 18…