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Finance
GST On Cryptocurrency? Govt Planning GST For All Cryptocurrency Transactions In India
GST officials believe that cryptocurrencies share similarities with casinos, betting, gambling, lottery, and horse racing, among others in nature
The cryptocurrency scene in India is pretty hot, especially after the Government voiced!-->!-->!-->…
Paytm Shares Hit Record Low As Price Down By 65%; Market Cap Falls Below Rs 50,000 Cr
Paytm shares have further suffered sell-offs, as it had been performing poorly even before the war.
The parent company of the digital payments major Paytm, One97 Communications has been on a continuous free fall since its listing on!-->!-->!-->…
Lowest GST Slab Will Be Increased To 8% From 5%? Only 3 GST Slabs For All Businesses?
At present, the Goods and Services Tax regime is a four-tier structure, with tax rates of 5%, 2%, 18% and 28%.
In a recent development, sources cited on Sunday that in the upcoming GST Council meeting, the members could discuss raising!-->!-->!-->…
Rs 15,000 Crore Allocated For ‘Weak’ Govt Banks: Check List Of Recipient Banks
The infused capital in such public banks will help them meet regulatory requirements.
The Govt of India has set aside a total of Rs 15,000 crore for weak public sector lenders like Central Bank of India and Punjab & Sind Bank, for!-->!-->!-->…
Russia-Ukraine War: Foreign Investors Withdraw Rs 35,000 Cr In 28 Days; Is This Panic?
Foreign portfolio investors have sucked out Rs 35,506 crore from the domestic market in Feb 2022
With the ongoing Russia-Ukraine crisis, February 2022 has witnessed the worst foreign outflows in 2 years. About Rs 35,506 crore foreign!-->!-->!-->…
Russia-Ukraine War: Rs 1 Lakh Crore Loss For India Expected Due To This Reason
A SBI report states that the government could experience a revenue loss of Rs 95,000 to Rs 1 lakh crore if the prices of oil continue.
With the ongoing Russian invasion of Ukraine, prices of crude oil are on the volatile side too,!-->!-->!-->…
Crackdown Against Digital Lenders Begin: PC Financial Banned, Rs 288 Cr Recovered
The digital lender was found to violate RBI’s regulatory directions on outsourcing and KYC regulations.
The digital lending NBFC PC Financial Services’ Certificate of Registration has been scrapped by Reserve Bank of India on Thursday,!-->!-->!-->…
India’s Biggest Investor Earned Rs 186 Crore In 10 Mins From These Two Tata Stocks!
Veteran investor Rakesh Jhunjhunwala added Rs 186 crore to his wealth on Tuesday.
Ace investor Rakesh Jhunjhunwala is one of the biggest names in the Indian stock market, and publicly holds 37 stocks, all of which investors closely!-->!-->!-->…
LIC Policyholders Will Now Get 10% Of LIC IPO; But Rs 2 Lakh Max Investment Allowed?
The Centre will sell 31.6 crore equity shares or 5% of its stake in the insurance company.
The much-awaited initial public offering of the country’s largest insurer LIC appears to be just around the corner now, with its draft red!-->!-->!-->…
TCS Unleashes Rs 18,000 Crore Share Buyback From This Date; Bonanza For Investors?
On January 12, 2022, Tata-owned IT major TCS had announced a share buyback of 4,00,00,000 equity shares, on a fully paid-up basis, at a face value of Re 1 apiece and at Rs 4,500/share for a total of Rs 18,000 crore.
The IT giant Tata!-->!-->!-->…
IRCTC Stuns Market With 168% Profit Growth; Earned Rs 2.3 Core/Day In 90 Days
IRCTC's EBITDA rallied 195% YoY to Rs 279.2 crore in Q3 FY22
The e-ticketing platform for Indian Railways, Indian Railway Catering and Tourism Corporation reported strong earnings numbers for the December ending quarter on Tuesday, led!-->!-->!-->…
Tech Mahindra Earned Rs 15.2 Crore/Day In Last 90 Days; Profit Up By 2.2% In Q3 2022
Tech Mahindra reported a weak earnings result for the December ending quarter on Tuesday.
The IT services provider Tech Mahindra reported a weak earnings result for the December ending quarter on Tuesday. As a result, the IT stock!-->!-->!-->…
Retail Investors Buy More Paytm Shares Despite Price Hitting Rock Bottom
Paytm released its shareholding pattern for the December-ending quarter on Monday.
Fintech major Paytm is on a downward spiral, tumbling more on Monday, and recorded a new all-time low. While writing this report, the stock was down 4.6%!-->!-->!-->…
RBI Starts A New Fintech Department For Creating Rules, Regulations For Startups
Crypto issues are expected to fall under its purview as well.
The RBI has established an internal fintech department that will focus on fintech innovation and related regulations.
It began operations from January 4, 2022.
In!-->!-->!-->!-->!-->!-->!-->…
Govt Cracks Whip On Whatsapp, Telegram Groups For ‘Stock Tips’; Legal Action Taken
The group’s subscriber base was 35,016 in July last year, which increased to 51,980 investors by Dec 14, 2021.
In an interesting finding, the market regulator Securities Exchange Board of India (SEBI) took a firm action against a group!-->!-->!-->…
Paytm IPO Investors Lose 50% Wealth As Shares Slide To Record Low: What Next?
The fintech major Paytm’s stock has crashed more than 21% over the last 9 sessions.
The fintech major Paytm’s stock has crashed more than 21% over the last 9 sessions, and it appears as though no amount of positive news or developments!-->!-->!-->…
Airtel Payments Bank Becomes Full-Fledged Commercial Bank: 11 Crore Users, 80 Lakh Merchants
Airtel Payments Bank is among the fastest growing digital banks in India.
Airtel Payments Bank, among the fastest-growing banks with more than 115 million users in India and over 8 million merchants, informed on Jan 4 that it has been!-->!-->!-->…
SBI, HDFC, ICICI Are ‘Too Big To Fail’ Banks; Strict Monitoring Rules By Govt
RBI has identified the state-owned lender State Bank of India and two private lenders ICICI Bank and HDFC Bank as Domestic Systemically Important Banks for 2021
The banking regulator Reserve Bank of India (RBI) has released the list of!-->!-->!-->…
RBL Bank Will Be Sold To Private Investors? Rakesh Jhunjhunwala Wants To Buy 10% Share
According to RBL Bank’s regulatory filing on December 25, the lender’s board appointed Rajeev Ahuja, its current executive director, as the interim MD & CEO of the bank with immediate effect.
A lot of developments occurred around!-->!-->!-->…
Normal Online Payments Will Continue As Tokenization Postponed To This Date
RBI has extended the timeline for storing of CoF data by 6 months.
In regards of the card tokenisation deadline put in place by the regulator bank Reserve Bank of India for December 31, 2021, the regulator has now revised the deadline,!-->!-->!-->…