Posts in category Business Standard
May 1 holiday: Are Indian stock markets NSE, BSE open today for trading? (01-05-2024)
In May, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed for two days
ED seizes funds worth Rs 90 crore kept in Binance, ZebPay, WazirX wallets (30-04-2024)
The Enforcement Directorate on Tuesday said it has taken possession of funds worth Rs 90 crore, kept in cryptocurrency wallets of exchanges like Binance, ZebPay and WazirX, as part of a money laundering investigation linked to an online gaming app "scam".
"These crypto assets were subsequently taken into possession and transferred into the crypto wallet of the ED," the federal agency said in a statement.
The investigation pertains to an online gaming scam app "scam" called 'E-Nugget' that masqueraded as a gaming platform and "promised" users high returns on their investments.
An FIR filed at the Park Street Police Station of Kolkata became the basis of the ED case that was registered under the provisions of the Prevention of Money Laundering Act (PMLA).
The app offered a series of enticing games designed for real-money wagering promised users hefty commissions and painted a picture of a "golden investment" opportunity, the ED said.
However, this facade quickly fell apart once ...
BSE to increase transaction charges on two options contracts from May 13 (30-04-2024)
BSE increased charges across various turnover slabs by 24% to 32%
With ETF demand cooling, Bitcoin faces worst month since FTX crash (30-04-2024)
The original cryptocurrency is down 14% in April, the most since it slumped 16% in November 2022. The US-ETF induced mania took Bitcoin to a record high of almost $74,000 in March
Markets slide after fresh record highs; Sensex ends 188 points lower (30-04-2024)
Investors are concerned that the Fed may stick to its hawkish messaging. Analysts expect Fed Chair Jerome Powell to bolster expectations about interest rates staying higher for longer
Sebi allows NRIs to own up to 100% in global funds at the GIFT City (30-04-2024)
Allows higher exposure to passive funds in group companies; increases NRI/OCI exposure to 100% if route via Gift City
ChrysCapital closes its $700 million continuation fund in India (30-04-2024)
The NSE has been planning an initial public offering but needs approval from the Securities and Exchange Board of India (SEBI)
ChrysCapital raises $700 mn to maintain stake in National Stock Exchange (30-04-2024)
The 'continuation fund' will allow ChrysCapital to maintain its stake in the NSE, where it first invested in 2016, while the firm's older investors sell their stakes to new investors
Wipro inks deal with Nokia (30-04-2024)
To support digital workplace services
Hero MotoCorp announces pricing of HarleyDavidson 2024 range of motorcycles (30-04-2024)
Ex-showroom prices for Harley-Davidson 2024 range of motorcycles starts from Rs 13.39 lakh up to Rs 41.79 lakh.