Indian crypto exchange WazirX fires 40% of staff: Report

New Delhi (IANS) Amid the current global economic slowdown, crypto exchange WazirX has reportedly laid off 40 per cent of its total workforce.

A total of 50 to 70 employees of the 150 workers at the exchange were asked to go, CoinDesk reported,…

Hike in repo rate likely to impact affordable housing

New Delhi (IANS) The 50 basis points hike in the repo rate coupled with inflationary pressure is likely to impact the sentiment of the Housing sector particularly in the affordable and mid-range housing segments.

While the hike is on the expected…

RBI does not have fixed dollar-rupee exchange rate: Governor

Chennai (IANS) The Reserve Bank of India (RBI) does not have any fixed dollar-rupee exchange rate and its market interventions are to curb excessive volatility, said Governor Shaktikanta Das.

He also said the aspect of adequacy of forex reserves…

Rupee slides to all-time low of 81.93 against US dollar

Mumbai (IANS) The Indian rupee has depreciated to trade at an all-time low of 81.93 against the US dollar after the surge in dollar index, dealers said.

At the interbank foreign exchange, the rupee opened at 81.90 against the dollar, then fell…

100 mn Indian mobile users want 5G, half of them won't mind paying extra

New Delhi (IANS) More than 100 million users with 5G-ready smartphones in India wish to upgrade to a 5G subscription in 2023, while more than half of them are open to upgrading to a higher data tier plan in the next 12 months, an Ericsson report said…

India sees Rs 24,000 cr worth online festive sales in 4 days, mobiles lead

Bengaluru (IANS) Led by mobiles, e-commerce platforms in India clocked over Rs 24,500 crore (nearly $3.5 billion) in the first four days of the festive sales that began from September 22, signalling a better-than-anticipated kickoff to the festive…

Look for opportunities to buy on dips

The week gone by saw markets gain on the first two days of the week and then lose on the remaining three days. The selling pressure was quite a bit and the losses at the end of the week were substantial.

BSE SENSEX lost 741.87 points or 1.26…

PM Modi set to gift 5G services to Indians on Oct 1

New Delhi (IANS) The National Broadband Mission (NBM) under the Ministry of Communications on Saturday tweeted (and later deleted) that Prime Minister Narendra Modi will officially roll out the 5G services in India on October 1 -- the same day when…

Rupee slips first time below 81-mark against US dollar

Mumbai (IANS) The Indian rupee fell below 81-mark against the US dollar during the early morning trade for the first time against the US dollar.

This was because of uncertainty created after the uptick in dollar index, increase in policy rate…

Rupee hits new all-time low as dollar index rises to 20-year high

Mumbai (IANS) The Indian rupee has depreciated to the record low since the morning trade after the dollar index surged to 20-year high and 75 basis points rate hike by the US Fed, and hint at more rate hikes in the future.

Rupee's previous…