Month: March 2023

Religare Enterprises Limited (REL) on today said its wholly-owned subsidiary Religare Finvest Limited (RFL), has completed the One-Time-Settlement (OTS) with 16 lenders by making a full and final payment of … Read More

Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said … Read More

The rupee gained 13 paise to 81.82 against the US dollar in early trade today, boosted by foreign fund inflows. At the interbank foreign exchange, the domestic unit opened at … Read More

Stock market opened lower today, with benchmark index Sensex declining nearly 150 points amid mixed global cues and broader concerns over the US Federal Reserve’s interest rate trajectory. The 30-share … Read More

Indian cryptocurrency exchanges will have to report suspicious activity to the Financial Intelligence Unit India | The Hindu

The rupee depreciated 11 paise to close at 82.03 (provisional) against the US currency on Wednesday as a strong dollar in the overseas market weighed on investor sentiments. Forex traders … Read More

Rising for the third straight session, equity benchmark Sensex closed higher by 123 points today, propped up by robust fag-end buying in banking and financial stocks amid a bearish trend … Read More

India’s money laundering laws will apply to trade in cryptocurrencies, the government said in a notification dated March 7. The exchange between virtual digital assets and fiat currencies, the exchange between … Read More

The finance ministry today announced that cryptocurrency transactions would now come under the ambit of money laundering provisions. In a notification, the government said that participation in transactions involving virtual … Read More

India faces a high risk of nighttime power cuts this summer and in coming years, as delays in adding new coal-fired and hydropower capacity could limit the country’s ability to … Read More