10 Yr Prison for Bitcoin Holders in India: Proposal
Anyone holding crypto currencies in India will be sent to jail for 10 years, says a proposed bill....
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LatestReduce your expenses to half with this simple trick
Control impulse spending with 7 days rule. The 7 day rule is a simple method to control impulse buying. Whenever you are aroused to buy something online or offline, stop.Note the name of the object, date and the price in a diary...
IPO
- Airtel Africa sets London IPO price band between 80-100 pence/shareBharti Airtel currently owns 68.3 per cent in its Africa unit. Read more »
- Ahead of IPO, Mobikwik scouts for investor; eyes profit from FY21Mobikwik is looking for an investor who can help the company go for an IPO in 3 years. Read more »
- Volkswagen's $18.6 billion truck IPO to test CEO's overhaul planVW intends to offer stock in Traton SE for between 27 euros to 33 euros per share. Read more »
- Alibaba-linked firms mixed after Hong Kong IPO reportAlibaba raised $25 billion when listed in New York five years ago. Read more »
- Shapoorji Pallonji Group’s first IPO looks to raise Rs 4,500 croreThe issue is an offer for sale by the company’s promoters and chairman, Khurshed Daruvala. Read more »
- Penna Cement Industries gets Sebi nod for Rs 1,550-cr IPOIPO comprises fresh issue of up to Rs 1,300 crore and an offer for sale of up to Rs 250 crore Read more »
- Shyam Steel Industries files IPO papers with SebiMarket sources said the IPO size is estimated to be around Rs 500 crore. Read more »
- Airtel Africa to raise $750 mn via IPO, eyes London listingThe offer targets to reduce net debts. Read more »
- Govt to divest 25% in RailTel, invites bids from merchant bankers to manage IPOAs on March 31, 2018, RailTel Net worth stood at Rs 1,249 crore. Read more »
- One theory why Lyft, Uber IPOs flopped: special purpose vehiclesUber’s IPO flop suggests investors are growing wary of the business prospects in ride-hailing. Read more »
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STOCKS
- HDFC MF takes Essel group’s exposures on its books; to inject Rs 500 crore to repay investors“The liquidity arrangement may involve an aggregate outlay not exceeding Rs 500 crore and will be put in place shortly,” the company said in a release. Read more »
- Chinese banks demand $2.1 billion from Anil Ambani's RComState-owned China Development Bank was the biggest creditor to the indebted telecom firm. Read more »
- RBI may cut rates by another 25 bps in 2019: FitchThe Reserve Bank of India (RBI) cut the repo rate to 5.75% on June 6, its third cut in 2019. Read more »
- Wall Street moves higher; Fed policy meeting on the horizonAdvancing issues outnumbered decliners by a 1.23-to-1 ratio on the NYSE and a 1.41-to-1 ratio on the Nasdaq. Read more »
- Trade setup: Nifty50 likely to fall further if it stays below 50-DMAGiven the sharp selloff, a mild technical pullback cannot be ruled out on Tuesday. Read more »
- GSP withdrawal by US may moderately hit gem and jewellery exports: CrisilThe withdrawal of GSP will affect exporters of gems & jewellery the most because 15% of such exports availed of its benefits in 2018. Read more »
- Fitch cuts India growth forecast to 6.6% for 2019-20 fiscalIn its latest Global Economic Outlook, the global rating agency retained its GDP growth forecast for the next fiscal (2020-21) at 7.1 per cent and 7.0 per cent for 2021-22. Read more »
- Modi readying to sell off weak PSU banks to fund rural homesModi’s administration is under pressure to raise spending on welfare programs. Read more »
- Investor wealth erodes by over Rs 2 lakh cr as stocks plummetConcerns over advancement of monsoon also played spoilsport for market. Read more »
- After Market: Investors lose Rs 2 lakh crore; Jet, RInfra, Vedanta, RIL all bleedAs many as 340 stocks, including Bosch, Cyient and DHFL hit 52-week lows on BSE. Read more »
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