At the Namaste Web3 conference, the political leaders and lawmakers spoke about India’s position in Web3. Dr. Singhvi commented that Web3 would help India achieve its goal of becoming a $5 trillion ec...
Tag: Indias
SVB mixup forces India’s SVC Bank to issue a notice of clarification
The shockwaves caused by the collapse of Silicon Valley Bank (SVB) were felt by countless businesses, including a bank from India that had no relation with the California-based banking institution. S...
India’s Crypto Industry Finally Sees Lawmakers Engaging
“Web 3 can be one of the biggest factors in bringing to fruition India’s dream of becoming a $5 trillion economy. Negative focus on cryptocurrency, a bit obsessive in the earlier years, has affected t...
India’s Crypto Firms Get ‘Reporting Entities’ Status Like Banks
Although the Indian government and central bank have been critical of the crypto market, they are working to bring some regulatory clarity to the matter. Earlier today, India’s Ministry of Finance iss...
India’s IT Services Majors Hit Sweet Spot Due To Geopolitics And Homegrown Innovation
Employees chat outside the Infosys Experience Center at the Infosys campus in Bengaluru, India. Karen Dias/Bloomberg There was a time over two decades ago when India’s IT services majors—TCS, Infosys,...
How much has India’s largest insurer suffered in the Adani fiasco?
Hindenburg Research’s allegations of fraud against the Adani group have scorched the Life Insurance Corporation of India (LIC). Its holdings in the Adani stocks account for less than 1% of the total e...
IMF And US Support India’s Crypto Regulation Plans
Join Our Telegram channel to stay up to date on breaking news coverage It is not news that the Indian government’s relationship with cryptocurrency is that of animosity. The authorities love blockchai...
U.S. and IMF Buys Into India’s Crypto Regulation Talks
India’s attempt to regulate cryptocurrencies has gained support from the International Monetary Fund (IMF) and the United States. Reuters reported that India, the current president of the Group of 20 ...
India’s Biggest Money Expo Happening in Mumbai
Indian economy is expected to grow 5.9 percent in FY24 and is set to contribute 15% to the global economy. With the Largest traders and investor community, India ranks top 10 in the Online trading vol...
India’s WazirX Announces Shut Down of NFT Marketplace
10 hours ago | 2 mins read NFT News They were elated to announce the opening of India’s first NFT Marketplace in June of 2021. Company leaders expressed appreciation to customers and business associat...
Top Cricketers Fetch $400,000 Deals For India’s New Three-Week Women’s Premier League
Smriti Mandhana received a massive pay day (Photo by Pankaj Nangia/Getty Images) Getty Images In a momentous, game-changing moment for cricket, several leading players earned blockbuster deals in Indi...
India’s Finance Minister Answers Crypto Regulation, Adani Queries
India is in discussion with other G20 nations to plan a common regulatory framework for crypto regulation, Indian Finance Minister Nirmala Sitharaman said during a press conference after a meeting tod...
India’s CBDC Pilot Test Garners 50k Users and 5k Merchants
10 seconds ago | 2 mins read Altcoin News RBI deputy governor Rabi Sankar announced the first public milestones. As of December 1, 2022, 770,000 transactions have been processed. Although it has only ...
India’s Central Bank Reveals 50,000 Users and 5,000 Merchants Now Using Digital Rupee – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has revealed that 50,000 users and 5,000 merchants are now using its central bank digital currency (CBDC). Digital rupee transactions are current...
Narendra Modi’s key ally threatening India’s economy
Prime Minister Narendra Modi and Indian tycoon Gautam Adani have sparked widespread protests in India – DIBYANGSHU SARKAR/AFP via Getty Images After sweeping to victory in the 2014 general elect...
India’s Retail CBDC Pilot Onboards 50K Users, RBI to Continue with ‘Go Slow’ Approach
India’s retail CBDC pilot, launched on December 1, has onboarded 50,000 users and 5,000 merchants. In the two-month period, 0.77 million e-rupee transactions were carried out, the Reserve Bank of Indi...
India’s entertainment company, Shemaroo, to launch NFT marketplace on Polygon
Shemaroo, India’s premier media and entertainment company, will launch its NFT marketplace Virtasy.io on Polygon. The marketplace will offer NFTs from iconic Bollywood films, including images, movie c...
The world must take a ‘collective action’ approach to regulations — India’s finance minister
In a recent television interview, India’s Finance Minister, Nirmala Sitharaman, suggested that regulation “cannot be done” by a single country; it requires an international effort. Speaking to Rahul J...
India’s crypto tax amendment could result in jail time for evaders
Join Our Telegram channel to stay up to date on breaking news coverage According to three lawyers, India has kept its rigorous crypto tax regulations from 2022 in 2023, while adding a potential punish...
India’s Adani Calls Off $2.5B Share Sale — Bill Ackman Gets Suspicious About Offering
Indian conglomerate Adani Group’s flagship company Adani Enterprises has called off its $2.5 billion share sale, also known as a follow-on public offer, according to a statement issued by the firm to ...
Hopes Dashed for India’s Crypto Community
The expectations of millions of cryptocurrency holders in India were dashed when the country’s federal budget for the year 2023 included no reference to cryptocurrencies or the technology known ...
India’s Union Budget 2023 disappoints millions of crypto holders – Cryptopolitan
India’s Union Budget of 2023 failed to recognize cryptocurrency and blockchain technology, dashing the expectations of Indian crypto holders across the country. After India implemented high taxes on c...
No mention of crypto in India’s budget: Investors left hanging
On the 1 February, Nirmala Sitharaman, the Finance Minister of India, gave the Modi government’s last budget before the Lok Sabha elections in 2024. In the speech, the minister announced a surge of 76...
WazirX Says Binance Lied About Ownership as Dispute About India’s Largest Exchange Escalates
Emails obtained by CoinDesk shed new light on the ongoing debate over the opaque and disputed ownership of WazirX, India’s largest crypto exchange. In November 2019, the ownership of WazirX was uncont...
Post Holiday Enthusiasm Continues, Short Sellers Set Sights On India’s Adani
China Last Night KraneShares Key News Asian equities were mostly higher overnight on continued exuberance following China’s Lunar New Year holiday. Hong Kong built on its gains from yesterday while In...
Bill Ackman Lauds Hindenburg’s Scathing Report On India’s Adani As ‘Highly Credible’ — But Adds This Caveat
Billionaire investor Bill Ackman was all praise for U.S. short-seller Hindenburg Research’s report on Indian conglomerate Adani Group, calling it “highly credible” and “extremely wel...
Nirmala Sitharaman Comments on India’s Notion of Crypto at FMCBG
India’s Finance Minister says, “India views anything that is outside of the Central Bank not as a currency.” “Cryptocurrencies should be regulated as they are not issued by sovereign banks,” she adds....