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Bitcoin could cause the next financial crash

Bitcoin could cause the next financial crash

New Delhi: Bitcoin and other cryptocurrencies could cause the next financial crash, according to a top Bank of England official, Daily Mail reported.Deputy Governor Sir Jon Cunliffe said a massive collapse in the price of cryptocurrencies to as low as zero is 'certainly a plausible scenario' and tha...

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Pune Airport to remain shut from Oct 16-29 for maintenance

Pune Airport to remain shut from Oct 16-29 for maintenance

Pune: Post-Dassehra, the Pune Airport will remain shut for all flights from October 16-29 for carrying out repairs and maintenance works, followed by a partial closure till November 30, officials said here on Thursday.The full closure for two weeks is to facilitate the runway resurfacing work to be ...

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Reliance Industries tops India Inc in World's Best Employer rankings 2021

Reliance Industries tops India Inc in World's Best Employer rankings 2021

New Delhi: Reliance Industries Limited, Indias largest corporate by revenues, profits and market value, topped Indian corporates in the Worlds Best Employers rankings 2021 published by Forbes.Reliance Industries was placed at 52 in the overall ranking of 750 global corporates ahead of well-known nam...

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CAIT demands CBI inquiry against Amazon

CAIT demands CBI inquiry against Amazon

New Delhi: The Confederation of All India Traders (CAIT) said that copying products and rigging the search is a grevous offence with an ulterior design to kill the domestic small manufacturers and traders of India directly contravening Prime Minister Narendra Modi's vision of an 'Atmanirbhar Bharat'...

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E-com players log $4.6 bn sales in India festive week, Flipkart leads

E-com players log $4.6 bn sales in India festive week, Flipkart leads

New Delhi: The e-commerce players registered a whopping $4.6 billion (nearly Rs 32,000 crore) sales during the first week of the festive season -- a 23 per cent on-year growth -- driven by mobiles and fashion products, a new report showed on Thursday.Flipkart Group emerged as the leader during the f...

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Economic pickup will support borrowers but Covid risks remain high: Moody's

Economic pickup will support borrowers but Covid risks remain high: Moody's

Mumbai: Over the next three to six months, auto loan delinquency rates will stay elevated, though broadly stable from current levels, Moody's Investors Service said in its comment on auto loans.Indian auto loan asset backed securities (ABS) delinquency rates have improved alongside the easing of cor...

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Over 2 cr returns filed on glitch ridden e-filing portal of I-T Dept

Over 2 cr returns filed on glitch ridden e-filing portal of I-T Dept

New Delhi: The e-filing portal of the Income Tax Department has marked receipt of more than 2 crore Income Tax returns as on 13th October 2021, a government statement released on Thursday said.The new portal was launched on 7th June, 2021 and in the initial period taxpayers had reported glitches and...

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India's September exports, imports rise over 22% YoY

India's September exports, imports rise over 22% YoY

New Delhi: India's merchandise exports rose by 22.63 per cent, on a year-on-year basis, in September 2021.Exports rose to $33.79 billion from $27.56 billion reported for September 2020.The data furnished by the Ministry of Commerce and Industry showed that in comparison to September 2019, last month...

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India's September wholesale price inflation eases to 10.66%

India's September wholesale price inflation eases to 10.66%

New Delhi: Lower prices of primary goods, along with food articles, eased India's September 2021 wholesale inflation on a sequential basis.The annual rate of inflation, based on wholesale prices, eased to 10.66 per cent last month from 11.39 per cent in August.However, on a YoY basis, the Wholesale ...

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MGL raises PNG/CNG prices for second time in a week

MGL raises PNG/CNG prices for second time in a week

Mumbai: On the eve of Dussehra, the Maharashtra Gas Ltd (MGL) on Wednesday hiked the prices of domestic PNG and vehicular CNG - for the second time in a week, with effect from midnight (October 13/14).The MGL announced a price increase of Rs 2.30/kg for Compressed Natural Gas and Rs 1.11/SCM for dom...

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