Coinbase Global Inc, the largest cryptocurrency exchange in the United States, announced on Wednesday that recent private sector transactions priced the firm at $68 billion this year, ahead of a planned stock market listing. The staggering valuation demonstrates how Coinbase’s perceived value has risen in lockstep with the rise in the price of the cryptocurrency […]
Category Archives: Business
The Central Bureau of Investigation (CBI) has filed a lawsuit against Cadbury India Limited (now Mondolez Foods Pvt Ltd) and Central Excise tax authorities for allegedly obtaining fraudulent license for a chocolate factory in Himachal Pradesh in 2009-2010. It is alleged that the conspiracy with Excise officials offered a Rs 240 crores (approx) exemption for […]
Automakers should obligatorily review a vehicle, if a specific number of vehicle proprietors record a grumbling against it on a vehicle, review site to be set up by the public authority. The street transport and parkways service on Wednesday advised principles for required review of blemished vehicles by the car makers to fortify the reason […]
The Samsung Galaxy M12 will go on sale in India from today. The smartphone was released only a few weeks ago, and this will be its first sale in India. The Samsung Galaxy M12 is equipped with a large 6,000mAh battery and is powered by an Exynos 850 SoC. It has a quad camera system […]
Pune-based IT service firm Tech Mahindra has acquired a 70% stake in Perigold Asset Holdings for 21 million euros. Headquartered in Dublin city in Ireland, Perigold is the packaging supply chain solutions provider for the Life Sciences business firms. This transaction will close on March 19, and the company also has further plans to acquire […]
Sanjay Dhotre, minister of state for communications, said on Wednesday that the state-owned Bharat Sanchar Nigam Ltd (BSNL) expects to complete the rollout of its 4G wireless service in 18-24 months. In a written reply to the Lok Sabha, the minister also stated that the government has no plans to privatize BSNL. “In this regard, […]
According to a regulatory disclosure, the Reserve Bank of India (RBI) discovered a Rs 519 crore divergence in provisioning by the Central Bank of India in the fiscal year 2020 (FY20). As a result, the bank’s adjusted net loss for fiscal year 2020 has increased by Rs 519 crore to Rs 1,640 crore. The bank […]
There has been a hike of almost 30% in the budget of the ministry of road, transport, and highways. States like Maharashtra, Uttar Pradesh and Bihar are still showing poor record in utilizing the state funds for the welfare of the citizens. The budget of 2021 has totally been set to increase the expenditure on […]
The Federal Reserve announced on Tuesday that the US industrial output dropped 2.2% in February, a lower figure than anticipated due to winter storms that shut down factories across the country. The central bank stated that the extreme winter weather in the south-central region of the country in mid-February accounted for the bulk of the […]
AU Small Finance Bank (Jaipur Branch) has raised Rs 625.5 crore through qualified institutional placement by issuing shares to its investors (QIP). The issue debuted on March 9th with a floor price of Rs 1,181.06 per share. According to AU Small Finance Bank, the QIP received a positive response from both domestic and international institutional […]