Finance Minister Nirmala Sitharaman said on Friday that after talks, the government will decide whether to “ban or not ban” cryptocurrencies. She indicated during Parliament’s ongoing Budget session that the government’s decision to levy a 30% tax on gains from virtual currencies had nothing to do with the legality of private cryptocurrencies on the market. […]

On Thursday, former Reserve Bank of India Governor D Subbarao expressed concern that today’s low-interest rates and massive liquidity in the system could jeopardize financial stability. Subbarao said at a conference here that the challenge for central banks including the Reserve Bank of India was to juggle maintaining price stability, promoting growth and employment, and

Electra EV, a provider of electric vehicle powertrain solutions, stated that its founder Ratan Tata has had a ride in the custom-built 72V Nano EV. In a LinkedIn post, the business announced this development. They went on to say that the firm is “extremely proud” to have delivered this electric vehicle and received his useful

The Directorate General of Foreign Trade (DGFT) has restricted the import of foreign drones, according to the Ministry of Civil Aviation (MoCA), in order to encourage “Made-in-India” drones. The adjustment will take effect on February 9th, according to the government. The government will make exceptions to this restriction, such as allowing drone imports for research

Have you ever wondered if fixing language mistakes in emails and other documents may make you a billionaire? It appears to be achievable. Grammarly, a prominent artificial intelligence-based online grammar checking service, has made two of its founder’s billionaires: Alex Shevchenko and Max Lytvyn. Shevchenko and Lytvyn are each worth $4 billion according to the

Days after overtaking Mukesh Ambani as India’s richest man, Gautam Adani, the chairman of Reliance Industries, is back on top as of Wednesday morning. Ambani has surpassed Adani in both the Forbes Real-Time Billionaires List and the Bloomberg Billionaires Index. Ambani’s net worth is currently $90.3 billion, according to Forbes’ Real-Time Billionaires List, and he

Livspace, home interiors, and refurbishment startup have raised $180 million in a Series F round led by KKR, a global investment firm, making it the sixth unicorn of 2022. Existing investors such as Ingka Group Investments (IKEA’s holding company), Jungle Ventures, Venturi Partners, and Peugeot Investments all participated in the Series F round. The company’s

According to the latest audited statement, the PM CARES Fund, which was set up to deal with emergencies like the Covid epidemic, saw its corpus virtually triple to Rs 10,990 crore in the 2020-21 fiscal year, while the disbursal increased to Rs 3,976 crore. The funds were disbursed in two parts: Rs 1,000 crore for

InterGlobe Aviation’s stock jumped nearly 9% today after the budget airline reported a profit in the December quarter. InterGlobe Aviation’s stock rose 8.70% to Rs 2,146.15 on the BSE, from the previous closing of Rs 1,974.30. A total of 0.72 lakh shares of the company were traded, resulting in a turnover of Rs 15.08 crore.