While Nykka started as an e-commerce platform, founder and CEO Falguni Nayar is a “big believer” in physical retail and said there is demand from consumers. “The last two years have ...
Tag: India
India Says ‘No’ to Cryptocurrency; Launches CBDC Instead
India’s central bank, the Reserve Bank of India (RBI), has dismissed all speculations that the government plans to issue a cryptocurrency that would be regulated by RBI, instead looking to CBDC as a d...
India Thumbs Down Crypto, To Launch CBDC Instead
India is just not that into crypto these days. Or, perhaps, not yet. Nirmala Sitharaman, India’s finance minister, revealed last month that the Reserve Bank of India will deploy a digital rupee someti...
Will India continue to import crude oil from Russia? — Quartz India
India is preparing to buy heavily discounted crude oil from its long-time ally Russia. The idea is to minimise domestic macroeconomic risks arising out of the Ukraine-Russia war. The country meets 85%...
Russia Is Offering India Crude Oil And Commodities At A Steep Discount
India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-ruble transaction. So far, India has not condemned Russia’s invasion of Ukraine, nor ha...
India Crypto Players Ask Government to Rethink 1% Tax
India’s cryptocurrency players have called on the government to rethink its planned 1% tax deducted at source (TDS) on all crypto transactions gains ahead of the passage of the Finance Bill by Parliam...
India Taxman Lines-Up Crypto Tax Dodgers in His Sights
The taxman in India is on the hunt for around 700 high-net-worth individuals who have appeared on his radar. If caught, they face being slapped with 30% tax, a penalty, and interest charges. “We have ...
Crypto Brain Drain in India is Absolutely Crazy, Says Polygon Co-Founder
Sandeep Nailwal – CEO and Co-Founder of Polygon – sees massive chaos reigning in the Indian cryptocurrency market. In his view, this disorder causes thousands of developers, investors, and entrepreneu...
A Billion Dollars a Day, Foreigners Keep Selling India Stocks
(Bloomberg) — India’s $3.2 trillion stock market is witnessing an unprecedented foreign selloff as the surge in oil prices fuels worries of an inflation shock in the major energy-importing natio...
What does Modi’s win at Uttar Pradesh polls mean for Indian stocks? — Quartz India
Indian equities are rejoicing a sweeping victory for prime minister Narendra Modi’s Bharatiya Janata Party (BJP) in the country’s most populous state, Uttar Pradesh. The poll results indicate that the...
India Faces Mass Exodus of Talent, Warns Polygon CEO
India’s ambivalence to crypto is driving away investors, entrepreneurs, and talent, says Polygon’s CEO. Sandeep Nailwal founded the decentralized scaling platform in 2017 before moving to Dubai two y...
India Startup King Loses Luster After Theft Accusations
(Bloomberg) — In the annals of controversial startup founders, there’s a special place for the likes of Uber’s Travis Kalanick and WeWork’s Adam Neumann. Now, India’s Ashneer Grover could join t...
Signs Point Upward for Crypto in India and Korea; Bitcoin and Ether Soar on US Executive Order
Recently, bitcoin, the largest cryptocurrency by market capitalization, was trading at around $42,000, up about 3% over the past 24 hours. Ether, the second-largest crypto by market cap, was changing ...
Mainland Gives Capitulation Sign As Decliners Outpace Advancers 40 To 1
Key News The wind was howling so loud last night it woke me up as an ill wind was blowing in Asia as equity markets were down overnight apart from India which didn’t get the message that the world is ...
India sees “clear advantages” in CBDC
TL; DR Breakdown Indian’s finance minister, Nirmala Sitharaman says she sees benefits of the central bank-led digital currency. The minister says the government would be discuss crypto regulation afte...
Young People in India Really Love Their Crypto
India is likely making a big mistake considering a ban on crypto any further given that it’s people really seem to love the industry. India Has an Odd Relationship with Crypto Swati Daga is a business...
India Video Application Chingari to Unveil New Cryptocurrency
Chingari – a short video application based in India – has unveiled its new cryptocurrency GARI, which is slated to begin trading on the India-based cryptocurrency exchange Coin DCX. Chingari in India ...
What are India’s payment alternatives to trade with Russia? — Quartz India
India is looking to strengthen its rupee-ruble arrangement to ensure seamless trade with Russia amid disruptions caused by Western sanctions following the Ukraine war. Indian banks rely on The Society...
Billionaire Mukesh Ambani’s Reliance To Invest $220 Million In Making An Electronic Manufacturing Hub
Mukesh Ambani attends the India Mobile Congress 2018 in New Delhi on October 25, 2018. CHANDAN KHANNA/AFP via Getty Images A unit of Reliance Industries, controlled by tycoon Mukesh Ambani, said it wi...
India Commodity Price Increase Stemming From Russia Invasion Could Hurt Crypto Investment
The country, which relies on Russia for about half its arms and other military equipment, has been cagey in its response to the attack. It was one of just 35 countries on Wednesday to abstain in a UN ...
BitConnet’s CEO Flees India After Crackdown Of $2.4 Billion Crypto Ponzi Scheme
The long-standing crypto fraud case against BitConnect, its founder, and promoters is yet to be resolved. The SEC has revealed that Satish Kumbhani, the founder of the crypto exchange, is nowhere to b...
Indian Billionaire Mukesh Ambani Becomes Asia’s Richest Person Again Amid Putin’s War
Red-hot oil prices and a deal between two of India’s biggest retail players helped push up Mukesh Ambani’s fortune by $2.8 billion on Monday, even as broader global markets reeled. Getty Images ...
India Unveils Guidelines for Crypto Advertising – Regulation Bitcoin News
The Advertising Standards Council of India has released guidelines for the advertising and promotion of crypto assets and related services. “We had several rounds of discussion with the government, fi...
Crypto Ads in India to Brandish with “Highly Risky” Disclaimer
The Advertising Standards Council of India (ASCI), the sovereign regulatory body for all forms of advertisements, has published a new set of guidelines for stakeholders in the digital currency ecosyst...
India: ASCI releases new rules for crypto-ads to limit ‘misleading’ content
Lawmakers in India have shared concerns about the potential misuse of crypto-trading vehicles for illicit activities. In fact, concerns pertaining to advertisements by cryptocurrency exchanges have be...
Air rage during the pandemic – where it is and isn’t happening
The videos light up social media and dominate news headlines. From verbal confrontations to all-out brawls, scenes of airplane passengers behaving badly have become increasingly familiar in Covid-era ...
RWE, Tata Power to scope offshore wind projects in India
This image shows onshore wind turbines in Gujarat, India. Shiv Mer | Istock | Getty Images German energy giant RWE and India’s Tata Power on Monday announced a collaboration that will focus on d...
The Lesser Known Border Dispute
While the world awaits the next steps in the Russian-Ukrainian crisis, there is another border dispute that is not as widely discussed. India and China share a 2167-mile border, which the two countri...
Unknown to Air India, an AI firm has been building an app for it — Quartz India
Heard of artificial intelligence being too clever by half? Air India, the Indian carrier that was recently taken over by the country’s Tata Sons, apparently discovered yesterday (Feb. 17) that a littl...
Official Tax Plans Boost India Crypto Exchanges as Sign-Ups Surge
India’s proposal to tax cryptocurrency profits 30% has proven to be a boon for the country’s crypto exchanges, having provided a tacit approval of the digital assets. Since the government unveiled tax...