Topics Related To Finance
The number of health professionals urging for the suspension of COVID mRNA vaccine is increasing. The call for withdrawing the vaccine is getting stronger.Recently, MIT Professor Retsef Levi took to Twitter to share the harm mRNA vaccines are causing in young people. “The evidence is mounting and indisputable that mRNA vaccines cause serious harm including … Read more
MUMBAI: Country’s largest lender State Bank of India on Friday reported a 62 per cent growth in its net profit at Rs 15,477 crore during the quarter ended December 2022.On a standalone basis, the lender’s net post-tax profit grew to Rs 14,205 crore during the October-December 2022 period, which was up from Rs 8,432 crore … Read more
Major cryptocurrency exchange Binance is coming back to South Korea with a new acquisition of the local crypto trading platform Gopax. Binance has acquired a majority stake in the troubled crypto exchange Gopax, re-entering South Korea after exiting the market two years ago, Bloomberg reported on Feb. 3. The funding for the transaction reportedly came … Read more
Credit ratings agency Moody’s warned on Friday that the recent sell-off in Adani group‘s shares after a short-seller’s report could reduce the Indian conglomerate’s ability to raise capital, while its peer Fitch saw no immediate impact on its ratings.Hindenburg Research‘s scathing attack last week on the group has questioned its debt levels and use of … Read more
Bitcoin (BTC) headed toward $23,000 on Feb. 3 after a night of losses erased bulls’ latest progress. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar rebound halts crypto party Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $23,329 on Bitstamp. The pair had come off a second trip above the $24,000 … Read more
While billionaire Ray Dalio believes that fiat is in jeopardy, he also thinks that neither Bitcoin (BTC) nor stablecoins are the answer. In response, crypto community members took to Twitter to express their opinion on the topic. In a recent interview on CNBC’s Squawk, Dalio shared his takes on Bitcoin being a potential solution to … Read more
Income Tax slab 2023-2024 details and highlights: New income tax regime has seen a major revamp in the income tax slab rates for 2023-24. The basic exemption limit under the new income tax regime has been hiked to Rs 3 lakh. The income tax rebate limit available for salaried and individual taxpayers under the new … Read more
Ratings agency Fitch said on Friday it saw no immediate impact on its ratings of Adani Group entities and their securities, following US short-seller Hindenburg Research’s report last week. Hindenburg’s scathing attack on the conglomerate questioned the firm’s debt levels and use of tax havens, but the Group has called the report baseless and affirmed … Read more
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the brand name ‘Amul’, on Friday increased the prices of milk by Rs 2 per litre for all markets except Gujarat. Jayen Mehta, Managing Director of the Anand-headquartered federation, said the hike in milk prices is not applicable to Gujarat. “We have … Read more
NEW DELHI: The Indian services sector growth rate moderated in January as output and sales rose at softer rates, while subdued level of confidence among service providers towards future outlook appeared to have stymied job creation, a monthly survey said on Friday. The seasonally adjusted S&P Global India Services PMI Business Activity Index fell from … Read more