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No proposal to recognise Bitcoin as a currency: Finance Minister
Business

No proposal to recognise Bitcoin as a currency: Finance Minister

New Delhi, Nov 29: The government has no proposal to recognise Bitcoin as a currency in the country, Finance Minister Nirmala Sitharaman said in a reply to the Lok Sabha on Monday. She also informed the House that the government does not collect data on Bitcoin transactions. ...
Now, Reliance Jio raises prepaid tariffs by around 20%
Business

Now, Reliance Jio raises prepaid tariffs by around 20%

New Delhi, Nov 29: After Bharti Airtel and Vodafone Idea, telecom major Reliance Jio said it would raise tariffs for its prepaid users by around 20 per cent.The revised tariffs will come into effect from December 1, the telecom major said. The announcement by Reliance Jio comes few days after...
Traders up in arms against 12% GST on textiles, footwear
Business

Traders up in arms against 12% GST on textiles, footwear

New Delhi, Nov 25: The Confederation of All India Traders (CAIT) said that instead of simplifying and rationalising the GST tax structure, the GST Council has made it as "most complicated GST law in India over the world" and much against the GST structure shown to CAIT by the then Finance Minister...
Traders across the country stage protests against Amazon
Business

Traders across the country stage protests against Amazon

New Delhi, Nov 24: In view of some scary incidents in the country's e-commerce business in the recent past, the US giant Amazon has facilitated the sale of -- marijuana illegally through its portal and banned chemicals in making bombs. And now the incident of selling poison through the...
Be careful with banning all cryptocurrencies in India: Experts
Business

Be careful with banning all cryptocurrencies in India: Experts

New Delhi, Nov 24: With the Indian government seeking to ban all private cryptocurrencies in the upcoming Crypto bill 2021, experts and leading industry players on Wednesday said that provisions relating to "banning" private cryptocurrencies would have to be looked at very carefully.The...
Equity indices extend losses: RIL, SBI in red
Business

Equity indices extend losses: RIL, SBI in red

Mumbai, Nov 22: The 30-scrip Sensitive Index (Sensex) on Monday opened on a negative note during the morning trade session.At 10 a.m. the S&P BSE Sensex of the BSE traded at 59,235 points, down 0.67 per cent. It opened at 59,710 points from the previous close of 59,636 points. Till now it...
Fuel prices static as Oil cos keep petrol, prices unchanged
Business

Fuel prices static as Oil cos keep petrol, prices unchanged

New Delhi, Nov 19: Consumers continue to get relief from rising fuel prices as oil marketing companies (OMCs) have kept pump prices of petrol and diesel unchanged post revision of duties by the state governments on Diwali eve.Accordingly, petrol and diesel prices remained static for the 15th...
Paytm shares make tepid debut; list with over 9 pc discount
Business

Paytm shares make tepid debut; list with over 9 pc discount

New Delhi, Nov 18: Shares of One97 Communications Ltd, Paytm's parent company, on Thursday made a tepid market debut, listing with a discount of over 9 per cent from the issue price of Rs 2,150. The stock was listed at Rs 1,955, slipping 9 per cent from the issue price on the BSE. It then tumbled...
Crypto cartels mushroom sans regulation in India, millions at risk
Business

Crypto cartels mushroom sans regulation in India, millions at risk

New Delhi, Nov 15: Millions of innocent Indian users have risked their hard-earned money in highly-volatile cryptocurrencies which are not a legal tender and the country stands on the cusp of an economic disaster in the making as self-styled crypto cartels bombard citizens with misleading ads while...
Indian govt aims to block irresponsible crypto ads
Business

Indian govt aims to block 'irresponsible' crypto ads

New Delhi, Nov 14: Taking a hard stand on cryptocurrency ads promising wild returns, the Indian government is aiming to prohibit such ads that are growing across media platforms and were seen in plenty during the IPL 2020 and the ICC Men's T20 World Cup cricket matches. In a memo outlining the...
Nykaa shares make dream debut; list at over 79 pc premium
Business

Nykaa shares make dream debut; list at over 79 pc premium

New Delhi, Nov 10: Shares of FSN E-Commerce Ventures, which runs online marketplace for beauty and wellness products Nykaa, listed with a huge premium of over 79 per cent against the issue price of Rs 1,125 on Wednesday.The stock debuted at Rs 2,001, reflecting a jump of 77.86 per cent on the BSE....
Crypto market cap hits $3tn mark for 1st time, Bitcoin on fire
Business

Crypto market cap hits $3tn mark for 1st time, Bitcoin on fire

New Delhi, Nov 9: The global cryptocurrency market has hit the $3 trillion mark for the first time, taking Bitcoin and Ethereum values to an all-time high.Bitcoin and Ether created a new all-time high of $68,641.57 and $4,857.25 on Tuesday.Despite uncertainties and high volatility surrounding it,...
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