According to Finance Secretary TV Somanathan NFT Bitcoin Ethereum along with non-fungible tokens, (NFTs), will never be legal tender in India. The official cautioned that private crypto investments must be aware that they do not require the approval of the government. He said that the digital rupee, which will be launched by Reserve Bank of … Read more
Ashneer Grover is a well-known face on social media platforms. Particularly after his appearance on Shark Tank India as a panelist. A call recording he made with a Kotak Mahindra Bank employee was another incident that put him in the spotlight. Rumours are swirling that Ashneer Grover could be fired as CEO of BharatPe. Grover … Read more
Adani Wilmar’s initial public offer (IPO) received a strong investor response and was fully subscribed on the second day. Adani Wilmar IPO Subscription Status Monday 31 January was the last day of bidding for the Adani Wilmar IPO. It is a fresh issue of equity shares in the amount of Rs 3,600 crore. There are … Read more
India’s Prime Minister Narendra Modi will take a final decision on the regulatory framework for cryptocurrencies, Recently there was a meeting of top government dignitaries on the matter to consider various views including those of the Reserve Bank of India and industry stakeholders. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 is listed … Read more
Rakesh Jhunjhunwala new airline AkasaAir has ordered 72 737 Max aircraft from the US-based aerospace company Boeing for India. This order will allow Akasa to begin service, according to a statement on Tuesday, November 16th. The Indian carrier’s new order is valued at almost $9 billion and includes 737-8 and high capacity 737-8-200 aircraft. Last month, … Read more
FSN E-Commerce Ventures Ltd. owns Nykaa, an Indian startup in cosmetics. Its profit dropped 96% in quarters preceding its initial public offering. This was due to increased marketing costs. The stock market plunged Monday. Nykaa stock fell as high as 7.4% at Rs 2,185 on Monday. However, it recovered some of its losses and traded … Read more
Prime Minister Narendra Modi presided over a meeting about the next steps in the matter on Saturday. Sources from government assert that these unregulated markets must not be allowed “money laundering” or terrorist financing. The T20 cricket World Cup was in full swing and advertisements for cryptocurrency exchanges were appearing on every broadcast, government sources … Read more
After seeing an increase in petrol and diesel prices, they remained stable for the ninth day straight on November 13. This was after the Centre cut its excise duties. According to Indian Oil Corporation, petrol in the capital is sold at Rs 103.97 and diesel at Rs 86.67. Mumbai petrol retails at Rs.109.98 per Liter, … Read more