Banking

Bitcoin surpasses $100,000 ahead of Trump’s crypto action.

Bitcoin surpasses $100,000 ahead of Trump’s crypto action.

January 18, 2025 / News, Banking, Business, Events, International Relations / / Leave a Comment

Bitcoin surpasses $100,000 ahead of Trump’s crypto action. Ross Ulbricht’s case has become a rallying point for many crypto advocates and Libertarian activists who argue that government investigators overstepped their bounds in building the case against the Silk Road, the infamous online marketplace he created. These advocates believe that the legal proceedings against Ulbricht were […]

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Rupee hits all-time low of 85.12.

Rupee hits all-time low of 85.12.

December 21, 2024 / News, Banking, Business, Finance, Investing / / Leave a Comment

Rupee hits all-time low of 85.12. Following the US Federal Reserve’s recent decision, the dollar experienced a significant rally, strengthening against multiple currencies, including the Indian rupee. The decision to maintain or adjust interest rates by the Federal Reserve often has a profound impact on global currency markets. As a result of the Fed’s actions,

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Sanjay Malhotra named next RBI governor.

Sanjay Malhotra named next RBI governor.

December 10, 2024 / News, Banking, Finance / / Leave a Comment

Sanjay Malhotra named next RBI governor. Sanjay Malhotra, a distinguished IAS officer from the 1990 batch of the Rajasthan cadre, has been named as the next Governor of the Reserve Bank of India (RBI). He will succeed Shaktikanta Das, whose tenure concludes on December 10. Malhotra’s appointment comes at a critical juncture for the Indian

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RBI Holds Repo Rate, Lowers GDP Forecast

RBI Holds Repo Rate, Lowers GDP Forecast

December 6, 2024 / News, Banking, Business, Finance / / Leave a Comment

RBI Holds Repo Rate, Lowers GDP Forecast The Reserve Bank of India (RBI) decided to leave the policy repo rate unchanged during its latest monetary policy meeting, marking the 11th consecutive instance of maintaining the status quo. However, in a significant move, the central bank revised its GDP growth forecast for the current fiscal year

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TotalEnergies halts Adani investments over bribery charges.

TotalEnergies halts Adani investments over bribery charges.

November 26, 2024 / News, Banking, Business, Finance, Indian Politics, Politics / / Leave a Comment

TotalEnergies halts Adani investments over bribery charges. French oil giant TotalEnergies has decided to halt further investments in the Adani Group, citing concerns over bribery allegations. The decision comes in response to charges filed in the United States that accuse certain individuals within the Adani Group of involvement in a bribery scheme. TotalEnergies, which has

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Congress demands JPC probe after Adani charges.

Congress demands JPC probe after Adani charges.

November 21, 2024 / News, Banking, Business, Current Affairs, International Relations, Local News, Politics / / Leave a Comment

Congress demands JPC probe after Adani charges. Congress has called for a Joint Parliamentary Committee (JPC) investigation into ongoing scams, citing the recent US indictment of Indian billionaire Gautam Adani as a key example. The party argues that the charges against Adani, related to a massive bribery scheme, highlight the urgent need for a thorough

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Rupee falls 14 paise to 84.23 against dollar.

Rupee falls 14 paise to 84.23 against dollar.

November 6, 2024 / News, Banking, Business, Finance, Investing / / Leave a Comment

Rupee falls 14 paise to 84.23 against dollar. Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six major currencies, was trading 1.64 percent higher at 105.11. This rise in the dollar’s value contributed to the rupee’s decline, as the strengthening of the U.S. dollar often leads to pressure on other

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CEO blames 'poverty mindset' for keeping poor poorer.

CEO blames ‘poverty mindset’ for keeping poor poorer.

October 22, 2024 / News, Banking, Business, Tech/Science / / Leave a Comment

CEO blames ‘poverty mindset‘ for keeping poor poorer. On October 22, 2024, Joseph Darby, CEO of Become Wealth, sparked controversy with his comments about poverty. He claimed that the poor are getting poorer due to their own mindset and choices, rather than external factors. According to Darby, the so-called “poverty mindset” leads people to adopt

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Hyundai India IPO subscribed 10% on Day 1 so far, retail portion booked 17%

Hyundai India IPO sees 10% subscription on Day 1; retail 17%.

October 15, 2024 / News, Banking, Business, Business and Leadership, Finance, Technology, Transportation / / Leave a Comment

Hyundai India IPO sees 10% subscription on Day 1; retail 17%. The Hyundai India IPO saw a mixed response on the first day of subscription. So far, the Non-Institutional Investors (NII) portion has been subscribed 7%, indicating a relatively subdued interest among this category of investors. On the other hand, the employee portion of the

Hyundai India IPO sees 10% subscription on Day 1; retail 17%. Read More »

RBI leaves repo rate unchanged

RBI keeps repo rate steady, no change in monetary policy stance.

October 9, 2024 / News, Banking, Finance / / Leave a Comment

RBI keeps repo rate steady, no change in monetary policy stance. The Reserve Bank of India (RBI) has kept the key policy repo rate unchanged at 6.5% for the tenth consecutive meeting, continuing its strategy to strike a balance between promoting economic growth and managing inflation. This decision came during its monetary policy review on

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