Cryptocurrencies likely to be treated as commodities, may face taxation: Report

The much-awaited cryptocurrency draft bill may propose to define cryptocurrencies and classify them based on usage. The move is likely to benefit Indian cryptocurrency investors who have been waiting for a concrete law to regulate virtual coin trading. Cryptocurrencies could be defined as commodities or assets in the…

PNB announces new festive season offer. Check details

State-owned lender Punjab National Bank (PNB) announced that it has waived service charges and processing fees on all retail products as part of a festive season offer. The lender said in a press release that its festive offer is aimed at ensuring the availability and affordability of credit to customers. PNB currently…

Ami Organics IPO opens for subscription: Here’s what analysts say

The initial public offering (IPO) of Surat-based speciality chemicals manufacturer Ami Organics opened for subscription on Wednesday. The company’s Rs 570 crore IPO will be open for subscription till Friday. Analysts remain optimistic about the company’s IPO, given the track record of speciality chemicals…

Vijaya Diagnostic IPO opens for subscription: All you need to know

Vijaya Diagnostic Centre’s initial public offering (IPO) opened for subscription on Wednesday. Investors will be able to subscribe to the public issue of the fast-growing diagnostic chain for three days as the public issue closes on Friday. Vijaya Diagnostic Centre’s Rs 1,895 crore IPO is entirely an…

PayU to acquire payment giant BillDesk for $4.7 billion

In one of the biggest deals in the Indian consumer internet space, global player Prosus NV on Tuesday said its fintech business PayU will buy digital payments provider BillDesk for USD 4.7 billion (about Rs 34,376.2 crore). With the deal, the Netherlands-incorporated Prosus NV’s investment in India will jump to…

Gold, Silver prices today: Yellow metal records marginal hike on MCX; silver witnesses slight dip| Check rates here

HIGHLIGHTS Gold is trading at Rs 47,129 per 10 grams today. Silver stands at Rs 63,175 per kg with a dip of 0.27 per cent. Gold prices remained steady in the international market on Wednesday. Witnessing a hike of 0.06 per cent or Rs 27, gold futures maturing on October 5, 2021, are trading at Rs 47,129 per 10 grams on…

Domestic LPG cylinder rates hiked by Rs 25 for 3rd straight month

The price of domestic liquefied petroleum gas (LPG) cylinders has been hiked by Rs 25. After the hike, a 14.2-kilogram cooking gas cylinder will cost Rs 884.50 in Delhi. LPG cylinder rates have increased by an equal amount in other parts of the country. State-run oil companies have increased cooking cylinder prices by…

Petrol, diesel rates cut as global oil prices remain volatile. Check details

State-run oil marketing companies (OMCs) reduced domestic fuel prices marginally on Wednesday as global crude oil rates remained weak. Petrol and diesel rates across the country have been reduced by approximately 15 paise, more than a week after rates were cut. Today’s reduction is an indication that domestic oil…

Sensex, Nifty hit record highs on financial gains, Q1 GDP jump

Indian shares hit all-time highs on Wednesday, helped by financials and automaker stocks, and after data showed the economy grew more than 20% in the June-quarter. The blue-chip NSE Nifty 50 index was up 0.22% at 17,170.25 by 9:17 am and the benchmark S&P BSE Sensex rose 0.24% to 57,687.67. Both the indexes…

Cryptocurrency prices today: Bitcoin falls amid high volatility, Ether rises 2%

Cryptocurrency prices weakened on Tuesday as volatility remains high in the virtual coin market, following a selloff on Monday. The round of profit booking has also led to a3 per cent drop in the virtual coin’s market capitalisation. Bitcoin, the world’s most popular cryptocurrency, retreated to $47,000 after…