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💙The government is going to introduce a Bill on cryptocurrencies, along with 25 other Bills during the Winter Session of...
23/11/2021

💙The government is going to introduce a Bill on cryptocurrencies, along with 25 other Bills during the Winter Session of the Parliament beginning November 29, according to the Lok Sabha website !!!
💛 The decision comes amid concerns over such currencies being allegedly used for luring investors with misleading claims and for funding terror activities, suggested earlier reports !!! The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 "seeks to prohibit all private cryptocurrencies in India, however, it allows for certain exceptions to promote the underlying technology and its uses".The bill aims to create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India, the statement further said. 
As the news broke, Nischal Shetty CEO, Founder Wazir X, exclusively told BT, "The stance of government looks similar to the last one. Will have to go through the contents of the bill. Bitcoin is a public cryptocurrency on a public blockchain."
He also added, "This is a big moment for India... Our nation has come a long way in these 3 years! It speaks volumes about how India is determined to dominate the web 3.0 era !!!
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Paytm's Rs18,300 crore share sale via initial public offer (IPO), the country's biggest-ever, was subscribed 48 per cen...
09/11/2021

Paytm's Rs18,300 crore share sale via initial public offer (IPO), the country's biggest-ever, was subscribed 48 per cent at the end of the second day of the issue, receiving bids for 2.34 crore equity shares against offer size of 4.83 crore shares.

The shares set aside for retail investors were subscribed 100 per cent as they received 90,01,254 bids for 87,98,076 shares reserved for retail individual investors, according to data on BSE.

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Chinese telecom gear company Huawei on Wednesday said that it is committed to helping shape India's digital talent lands...
03/11/2021

Chinese telecom gear company Huawei on Wednesday said that it is committed to helping shape India's digital talent landscape and continue to work with the larger ecosystem to drive future digital initiatives !!! Huawei
The company signed an agreement with Asean Foundation to bridge the digital talent gap in Asia Pacific at its Digital Talent Summit 2021 !!!

Bharti Airtel clocks Rs 1,134-cr consolidated net profit, beats estimates !!! Airtel IndiaBharti Airtel on Tuesday rang ...
02/11/2021

Bharti Airtel clocks Rs 1,134-cr consolidated net profit, beats estimates !!! Airtel India
Bharti Airtel on Tuesday rang up a consolidated net profit of Rs 1,134 crore for the quarter ended September 30, beating estimates, aided by improved operational performance and exceptional income !!!
Brokerages had expected Bharti Airtel to show impressive sequential growth in net profit for the July-September quarter (Q2FY22) on the back of a steady subscriber base and tariff hikes in select pre- and post-paid plans. In the corresponding quarter last year, the company posted a net loss of Rs 763 crore.
The average revenue per user for the quarter came in at Rs 153 against Rs 143 in the same period last year on a comparable basis. Its revenue from operations during July-September 2021 jumped 13 per cent to Rs 28,326.4 crore compared with Rs 25,060 crore in the year-ago period, Bharti Airtel said in a statement. On a comparable basis, the jump was higher at 18.8 per cent, the company said. Sequentially, revenue was up by 5.5 per cent !!!

Microsoft Overtakes Apple As Most Valuable Company !!!Apple Inc lost its crown as the world's most valuable public compa...
01/11/2021

Microsoft Overtakes Apple As Most Valuable Company !!!



Apple Inc lost its crown as the world's most valuable public company to Microsoft Corp on Friday, as the iPhone maker's shares fell about 2 per cent.

Apple took a $6 billion hit to its sales during the fiscal fourth quarter due to persistent global supply chain problems, leading to a miss on Wall Street expectations. Top boss Tim Cook said the impact will be even worse in the current holiday sales quarter
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G20 agrees to strengthen WHO on EUAs for Covid jabs: Piyush Goyal !!!G-20 leaders, including Prime Minister Narendra Mod...
31/10/2021

G20 agrees to strengthen WHO on EUAs for Covid jabs: Piyush Goyal !!!

G-20 leaders, including Prime Minister Narendra Modi, have agreed that the WHO would be strengthened to fast-track the process for emergency use authorisation for Covid-19 vaccines, India's G-20 Sherpa Piyush Goyal said on Sunday !!!

Briefing the media here, Goyal said the Leaders adopted the 'Rome Declaration' at the G20 Summit and the communiqu gives a very strong message under the health section with the countries agreeing that the COVID-19 immunization is a global public good !!!

It was decided that the recognition of Covid vaccines which are deemed to be safe and efficacious by the World Health Organisation (WHO) will be mutually accepted subject to national and privacy laws that the countries may have, Goyal said !!!
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Finance ministry issues uniform norms for accountability to protect bonafide decision of bankers SoftBank-backed Snapdea...
31/10/2021

Finance ministry issues uniform norms for accountability to protect bonafide decision of bankers
SoftBank-backed Snapdeal adds FMCG veteran Ullas Kamath and brand expert Anisha Motwani as directors on board as it plans to file IPO papers with the market regulator Sebi soon. Ullas Kamath is the joint managing director of Jyothy Labs, while Anisha Motwani has worked as a World Bank consultant on the Swachh Bharat Programme, Solar Rooftop Adoption, and the National Mission for Clean Ganga.

Government Announces Bonus For Manganese Ore India's Employees !!!A productivity-linked bonus of Rs 28,000 along with a ...
31/10/2021

Government Announces Bonus For Manganese Ore India's Employees !!!

A productivity-linked bonus of Rs 28,000 along with a wage revision for employees of state-owned Manganese Ore India Limited (MOIL) was announced by the government on Sunday, ahead of Diwali.

Union Minister of Steel Ram Chandra Prasad Singh announced the bonus during an event organised at MOIL's campus in Nagpur.

He announced a production-linked bonus of Rs 28,000 for all the MOIL employees, which will be paid before the upcoming Diwali festival

IDFC First Bank Net Profit Rises 50% To Rs 152 Crore In September Quarter !!! IDFC First Bank announced its July-Septemb...
30/10/2021

IDFC First Bank Net Profit Rises 50% To Rs 152 Crore In September Quarter !!!
IDFC First Bank announced its July-September quarter results for the financial year 2021-22, reporting a net profit of Rs 152 crore on a standalone basis, compared to Rs 101.41 crore in the corresponding period last year, marking a growth of 50 per cent year-on-year.
The bank's net interest income -the difference between interest earned and interest expended, grew by 27 per cent to Rs. 2,272 crore in the second quarter of the current fiscal, compared to Rs. 1,784 crore in the year-ago period.

Elon Musk Becomes First To $300 Billion, Worth More Than Ford, GM & Volkswagen Combined !!! Elon Musk has become the fir...
30/10/2021

Elon Musk Becomes First To $300 Billion, Worth More Than Ford, GM & Volkswagen Combined !!!
Elon Musk has become the first human to be worth more than $300 billion. His fortune surged by over $10 billion in one day after Tesla became the first automaker to be valued over a trillion dollars. In doing so, the Tesla CEO and co-founder now alone is worth more than Ford, GM, and Volkswagen. Elon Musk is now worth $302 billion while GM has a market capitalization of $78.74 billion, Ford has a market capitalization of just $68.23 billion and Volkswagen has a market capitalization of $140.87 billion. Musk's individual worth is even more than the Daimler group and BMW group - both stand at $107.01 billion and $66.16 billion

Provident Fund Interest Rate Kept Unchanged At 8.5% For 2020-21: Report !!!The government has approved 8.5 per cent rate...
29/10/2021

Provident Fund Interest Rate Kept Unchanged At 8.5% For 2020-21: Report !!!

The government has approved 8.5 per cent rate of interest on employees' provident fund for the 2020-21 fiscal, a source said.

Just ahead of Diwali, this is a good news for over five crore subscribers of the Employees Provident Fund Organisation (EPFO).

The 8.5 per cent rate of interest on provident fund deposits for the last financial year was decided by the EPFO's apex decision making body Central Board of Trustees (CBT) headed by Labour Minister in March this year

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