Cryptocurrency transactions to come under money laundering provisions: Govt

New Delhi (IANS) Any participation in transactions involving virtual digital assets or cryptocurrency, would come under the Prevention of Money Laundering Act or PMLA, the Centre has said.

This was announced through a gazette notification,…

Torrent to move SC against NCLAT order allowing RCap's second auction

New Delhi (IANS) The Torrent Group, a bidder of bankrupt firm Reliance Capital (RCap), has decided to move the Supreme Court challenging the National Company Law Appellate Tribunal's (NCLAT) order to hold a second round of auction for RCap assets.

33?bt investments made in FY 22 were to women-led enterprises and impact businesses: Caspian Debt

New Delhi (IANS) The Indian startup ecosystem has evolved dynamically over the last two decades, demonstrating a rapid growth trajectory. However, despite the rapid growth of the startup ecosystem, there are certain challenges that are still left…

India's per capita income doubles since 2014-15

New Delhi (IANS) Since 2014-15 when the NDA government came to power at the Centre, the nation's per capita income has doubled to Rs 1.72 lakh.

According to National Statistics Office (NSO) data, the per capita income in terms of net national…

Govt begins daily monitoring of revenue receipts, expenses from March 1 to check fiscal deficit in 2022-23

New Delhi (IANS) From March 1 onwards, the finance ministry has begun monitoring of revenue receipts like tax collections and even expenses, to control fiscal deficit in the current fiscal.

"In order to keep a close track of receipts, expenditure…

Domestic gas cylinder prices up by 56% in 4 years; hefty drop in subsidy

New Delhi (IANS) While a recent hike of Rs 50 in the price of the 14.2 kg domestic liquefied petroleum gas (LPG) cylinder led to the cost of the cylinder touching Rs 1,103, data has disclosed that the price has registered a rise of nearly 56 per cent…

India's forex reserves fall to 3 month low of $560.94 billion

New Delhi (IANS) India's forex reserves fell to a three-month low of $560.94 billion during the week ending February 24.

According to RBI's weekly forex data released on Friday, this was the fourth straight week when the country's…

India's macro stability indicators to improve in FY24: Morgan Stanley

Chennai (IANS) India's macroeconomic stability indicators will gradually improve in FY24 owing to a combination of factors, Morgan Stanley said in a report.

According to Morgan Stanley, the macro stability indicators will gradually improve…

Air India resumes Delhi-Copenhagen flight after 3 yrs

New Delhi (IANS) With a view to strengthen its footprint in Europe, Air India has resumed its non-stop service on the Delhi-Copenhagen-Delhi sector after three years.

This service will further strengthen Air India's foothold in Europe,…

Softbank offloads 3.8% stake in Delhivery for Rs 954 cr

New Delhi (IANS) Japanese investment giant Softbank has offloaded 3.8 per cent of its stake in fully-integrated logistics service provider Delhivery for Rs 954 crore.

The Japanese fund, going through a bad patch, had invested around $380 million…