“ASCI has a specific guideline on celebrities. Plus, there is a clause in the crypto guidelines as well. We have always maintained that celebrities need to do their due diligence on the claims t...
Tag: Indias
Selling Sports Shoes For Under $10 Turned This Shoemaker Into India’s Newest Billionaire
Hari Krishan Agarwal launched “Campus” sports shoes in 2005. Courtesy of Campus Activewear The IPO of Campus Activewear, which sells more shoes than the likes of Nike and Adidas in India, propels its ...
India’s Goods and Services Tax Council considers a 28% tax on Bitcoin
Indian officials are expected to explore imposing a 28% goods and services tax on cryptocurrencies at the upcoming GST Council meeting. The goods and services tax (GST) Council, which is India’s top d...
Here’s how Buterin’s millions donated to India’s covid relief program were spent
Ethereum creator Vitalik Buterin came to India’s aid during the second wave of Covid-19, as the number of daily cases increased dramatically between April and May last year when hospitals ran out of b...
India’s Life Insurance Corporation (LIC) Gearing Up for Biggest-Ever IPO
The LIC is the dominant life insurance provider in India with an estimated investment of $503 billion and a life fund of $470.70 billion. The Life Insurance Corporation (LIC) is gearing up for India’s...
India’s Emerging Quick Delivery Startup Zepto Pulls $200M in Series D
Zepto, one of India’s emerging quick food delivery startups has raised the sum of $200 million in a Series D funding round, drawing unusually high interest from venture capital firms. According to a T...
Open Hits $1 Billion Valuation, Joins India’s Unicorn Club
Bengaluru-headquartered neo bank, Open has become the latest Indian startup to hit the valuation of $1 billion after the company secured nearly $50 million in its Series D funding. The recent announce...
LIC, India’s largest-ever IPO, will test foreign investor appetite
The LIC logo looms above a couple of passersby in Mumbai in India last week. The IPO of the biggest payer in life insurance in the country is expected to fetch $2.7 billion in the country’s bigg...
Ambani, Adani in India’s green hydrogen rush but hurdles remain
Hydrogen packs a lot more punch than lithium-based batteries. India’s federal minister Nitin Gadkari (second from left) seen here launching the country’s first green hydrogen-based advance...
India’s Decision on Crypto Regulation Will Not Be Rushed, Says Finance Minister – Regulation Bitcoin News
Indian Finance Minister Nirmala Sitharaman says that the country’s crypto policy will not be rushed. “Our intention is in no way to hurt the ecosystem, or to even say that we don’t need it,” she added...
India’s Legislative Crypto Decisions Will Impact Nepal; Regulator Restricts Apps & Websites
In a circular released earlier this week, the Nepal Telecommunications Authority (TPA) has warned against the use of crypto instruments that are not legally recognized in the country. Meanwhile, local...
Billionaire Mukesh Ambani’s Reliance Withdraws $3.2 Billion Take Over Bid For India’s Future Retail
JioMart branding on crates at a store that is a Jio Prime Merchant in Mumbai, India, on Monday, Nov. … [+] 9, 2020. Dhiraj Singh/Bloomberg Reliance Industries—controlled by billionaire Mukesh Am...
India’s Gautam Adani Passes Warren Buffett To Become World’s 5th Richest Person
(AP Photo/Aijaz Rahi) Gautam Adani’s incredible rise continues. The Indian infrastructure mogul became the richest Asian billionaire in history (in sheer dollar terms) earlier this month–and he’s kept...
India’s Finance Minister says crypto could be used for illicit activities
India’s Minister of Finance, Nirmala Sitharaman, believes crypto can help facilitate terrorist financing and money laundering. She said this during the G20 Finance Ministers meeting and the Central Ba...
India’s CoinDCX Concludes $135 Million Funding at $2.2 Billion Valuation ⋆ ZyCrypto
Advertisement     The latest valuation is double from $1.1 billion in August 2021. Now, CoinDCX is the highest-valued crypto firm in India. With 10 million users, it’s...
India’s crypto tax forces budding crypto projects to move
India’s 30% crypto tax came into law on March 31 and was effective April 1, despite warnings from several stakeholders about its possible ill impact on the budding crypto industry. As predicted, with...
CoinDCX Raises $135 Mln Despite India’s Crypto Limbo
Indian crypto exchange CoinDCX said on Tuesday it raised $135 million in its latest funding round. Tech-focussed venture capitalists Pantera and Steadview led the round, with participation from Kingsw...
Reliance, India’s Largest Company, May Potentially Buy Walgreens’ British Drugstore Business
Reliance Industries is one of the world’s largest multinational conglomerates and is India’s largest private sector company. The industry giant has robust business units that span across multiple vert...
India’s crypto trading volume plunges as new tax rules take effect
Crypto trading volume at India-based exchanges fell to its lowest levels in recent years after the country’s new crypto tax rules came into effect on April 1, according to data from crypto research fi...
Boeing Stock Climbs Higher, Shrugging Off India’s 737 MAX Pilot Ban
Text size A Boeing 737 MAX jet. Jason Redmond / AFP via Getty Images The Indian aviation regulator has barred 90 pilots from flying Boeing 737 MAX jets due to concerns over the simulators used to trai...
India’s Crypto Trading Volume Plunges Further as Mobikwik Stops Payment Service – Exchanges Bitcoin News
Cryptocurrency trading volumes in India have plunged further across exchanges as traders mull over the 30% crypto taxation. In addition, popular payment service provider Mobikwik has stopped service t...
India’s Gautam Adani Is Now Richest Asian Billionaire Ever As Fortune Jumps Past $100 Billion
Gautam Adani, the founder and chairman of the Adani Group. Hindustan Times via Getty Images After a meteoric rise in his net worth over the past two years, Indian infrastructure tycoon Gautam Adani ha...
Panic Selling Grips India’s Crypto Market Following New Tax Laws ⋆ ZyCrypto
Advertisement     Multiple reports reveal a decline in crypto trading activity in India. This trend has been tied to the recent crypto tax rules in the country. Taxes ...
India’s Digital Currency to Take ‘Very Calibrated, Graduated’ Approach, Says RBI Deputy Governor – Coinotizia
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has outlined the implications of India issuing a central bank digital currency, the digital rupee. ”I think central banks would go about it i...
India’s Digital Currency to Take ‘Very Calibrated, Graduated’ Approach, Says RBI Deputy Governor – Regulation Bitcoin News
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has outlined the implications of India issuing a central bank digital currency, the digital rupee. ”I think central banks would go about it i...
Stablecoins Present “Bigger” Economic Threat, Says India’s Reserve Bank
An Indian central bank governor said stablecoins presented a bigger threat to economic stability than other cryptocurrencies. He also cited a need for central bank digital currencies (CBDCs) to catch ...
India’s Sushil Kumar Modi calls for 50% tax increase on cryptocurrency returns
TL; DR Breakdown India’s parliament member Modi called for a 50% tax increase on crypto profits. The government recently imposed a 30% tax on crypto returns, which is already affecting the market. Sus...
India’s HDFC And HDFC Bank Will Merge To Create Financial Giant
Pedestrians walk past an HDFC Bank branch in Mumbai, India, on December 4, 2020. Dhiraj Singh/Bloomberg India’s largest mortgage lender Housing Development Finance Corporation (HDFC) has announced tha...
FTX May Invest In India’s Largest Fantasy Sports Platform
India’s Mobile Premier League (MPL) is looking for investors to raise capital around at a $2.5 billion valuation. As per reports, MPL is in talks with several investors including crypto exchange FTX. ...
India’s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force – Regulation Bitcoin News
Crypto trading volumes in India have plummeted following the new tax law entering into force. The new rules impose a 30% flat tax on crypto income and do not allow losses to be offset against gains. N...
Public outcry grows louder than ever as India’s 30% ‘crypto tax’ comes into effect
As people all around the world pull April Fool’s pranks on one another, countless Indian crypto investors and entrepreneurs are hoping the Indian government is playing one on them. However, that doesn...
India’s 30% tax on crypto assets to be effected on April 1
The cryptocurrency market in India is about to change with the new taxation framework starting on April 1. Gains made from cryptocurrency transactions will be subjected to the tax set for virtual digi...