Posts in category Business Standard
Rapid Investments reports standalone net profit of Rs 0.03 crore in the December 2023 quarter (17-02-2024)
Sales rise 557.14% to Rs 0.46 crore
Gold price climbs Rs 10 to Rs 62,300, silver rises Rs 100 to Rs 75,700 (17-02-2024)
The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 57,110
Nifty reclaims 22,000 mark after a month; Sensex ends 376 points higher (16-02-2024)
Adds 1.2% this week, Small and midcaps underperform
Market regulator Sebi urges industry to step up voluntary compliance (16-02-2024)
Enforcement cannot be the only solution, says Sebi WTM; Varshney assures Sebi's KYC infrastructure strong
Crypto currencies have no underlying value: RBI exec director Vasudevan (16-02-2024)
Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central bank official said.
The Reserve Bank of India (RBI) has been critical of new-age currencies like bitcoins, saying they pose systemic risk to the financial systems.
"Crypto currencies cannot be called currencies as they don't have any underlying value," P Vasudevan, an executive director at the RBI, said during a panel discussion organised by IIM-Kozhikode here.
Ultimately it is a call that the government has to take on how to tackle crypto currencies, the official said.
Currently, bitcoins have no legal backing in India and investors have to pay a tax on the income earned by trading in them.
In the backdrop of the action against Paytm Payments Bank and curbs imposed on some international card providers, Vasudevan said self-regulation can protect the fintech sector better.
He also said that mechanisms could be looked at to highlight bad behaviour.
Paradeep Phosphates receives revision in credit ratings (16-02-2024)
Long term rating (Rs 4,700 crore) - [ICRA]A; watch with
developing implications
Firstsource Solutions features in S&P Global Sustainability Yearbook 2024 (16-02-2024)
Being included in the Yearbook is a significant milestone and a moment of pride for Firstsource that reflects the company's dedication to operating responsibly and sustainably. A member company' attribution is
reserved for companies within the top 15% of their industry by number and falling within 30% of that industry's top-performing companies
Board of CRISIL approves change in directorate (16-02-2024)
At meeting held on 16 February 2024
ITI signs MoU with JandK Operations (16-02-2024)
To manufacture and provide BharOS-enabled digital devices and services
Bakeri Urban Development Pvt reports consolidated net loss of Rs 3.59 crore in the December 2023 quarter (16-02-2024)
Sales reported at Rs -2.08 crore