Crypto trade in Futures surpasses Spot deals (AI image) A major shift can be seen in India’s cryptocurrency market, with futures trading volumes on local exchanges now surpassing spot transactions by more than threefold. According to Economic Times, industry executives and legal experts attribute the surge to the recent upswing in crypto prices, leverage-driven profit…
Gold price prediction: Gold needs to take out strong resistance at $3,410 to target the next resistance at $3,450. Support is at $3346 (Rs 99,800)/$3319 (Rs 98,900). (AI image) Gold price prediction today: Gold rates are expected to rise with the US Federal Reserve Chairman Jerome Powell signalling rate cuts. The Donald Trump administration’s 50%…
Bengaluru: The Qatar Investment Authority (QIA), through its subsidiary Qatar Holding, has approached the Karnataka high court to enforce an arbitral award of $235 million (about Rs 2,060 crore) against Byju Raveendran and his investment vehicle, Byju’s Investments (BIPL). The claim includes interest of 4% per annum, compounding daily from Feb 28, 2024, which now…
New Delhi: Telecom department is not contemplating providing any relief to Vodafone Idea with regard to adjusted gross revenue, minister of state for communications Chandra Sekhar Pemmasani said on Monday.“We have recently converted a lot of their debt into equity. Govt has done whatever we thought we could do. At this time, we do not…
The central government’s ban on real-money gaming is creating challenges for venture capital investors, as startups valued at nearly $15 billion and having raised around $2 billion try to figure out their next steps.“We’ve made huge investments and are bound to face major capital losses… at this point though the efforts are towards finding out…
India’s household savings are set to generate cumulative inflows of nearly $9.5 trillion into financial assets over the next decade, according to a report by Goldman Sachs. The investment bank forecasts that household financial savings will average around 13 percent of GDP over the next decade, up from 11.6 percent in the previous ten years.“India’s…
Union civil aviation minister Ram Mohan Naidu announced on Monday that the civil aviation ministry is set to revive seaplane services in India by October, with operations expected to begin on at least two routes. “Seaplane operation was there once, but it was limited to a single route. The government has simplified the guidelines to…
The Pension Fund Regulatory and Development Authority (PFRDA) is aiming to bring 50 lakh beneficiaries of the PM SVANidhi scheme under the Atal Pension Yojana (APY), chairman S Ramann said on Monday.The PM SVANidhi micro-credit scheme, launched by the government on June 1, 2020, offers collateral-free loans of up to Rs 50,000 to eligible street…
The government has introduced a one-time, one-way switch facility for central government employees to move from the Unified Pension Scheme (UPS) to the National Pension System (NPS), with a deadline of September 30, 2025.According to a notification issued by the finance ministry, employees can exercise the switch option up to one year before their date…
India’s inflation index is set for its biggest makeover in years, with the government preparing to pull price data straight from e-commerce platforms such as Amazon and Walmart-owned Flipkart. The plan marks a decisive shift in how retail inflation will be measured — bringing online shopping, streaming services and digital airfares into the equation.Officials say…