BUSINESS
Digital plot sells for $2.3 million, biggest real estate sale ever
The Metaverse group, a subsidiary of Tokens.com subsidiary, also purchased land on Decentraland, another blockchain platform for about 618,000 MANA, or about $2.4 million. Notably, this is higher than the prices of even the houses in major US cities.
BUSINESS
Remembering FC Kohli, TCS' first CEO and India's IT pioneer
The father of India’s software industry, Kohli, who passed away last year, constantly emphasized the need for evolution, not just in terms of learning, but also for acceptance of new technologies. FC Kohli, who joined Tata Electric Co in 1951 to set up the country’s first load dispatch center, was asked by JRD Tata to establish TCS in 1969.
BUSINESS
Traders body holds protests against Amazon for 'selling drugs, bomb-making chemicals'
CAIT has demanded that the government immediately suspend Amazon’s operations, arrest its officials and register a case of treason against the e-commerce giant
BUSINESS
WazirX’s Nischal Shetty: There is panic selling, lawmakers don't want a crypto that competes with rupee
Noting that the definition of a private cryptocurrency player is unclear in the present bill, Shetty observed that the prices of all major cryptocurrencies dropped by almost 10-15 percent overnight in India.
BUSINESS
Franklin Templeton unitholders to receive Rs 1,115 crore under their six shut schemes
The schemes in concern, namely Franklin India Low Duration, Dynamic Accrual, Credit Risk, Short Term Income Plan, Ultra Short Bond Fund, and Income Opportunities Fund, together had an estimated AUM corpus of over Rs 25,000 crore.
BUSINESS
Bitcoin falls by almost 20% over the last 14 days, should you worry?
Bitcoin fell by almost 3 percent, declining consistently for the 6th consecutive day. This happened just days after it hit an all-time high of $68,789.63 on November 10, 21.
BUSINESS
Uncertainty looms over Bitcoin as Mt. Gox prepares for final payout
Despite a Japanese court tasked with the mammoth job of compensating the aggrieved investors, there was slim chance of any substantial monetary recovery being made by these early bitcoin investors and creditors. But that is seemingly set to change.
BUSINESS
Curative wellness firm Mindhouse raises $6 million in seed funding for brand revamp
Founded by former Zomato executives Pooja Khanna and Pankaj Chaddah in 2019, Mindhouse offers a bouquet of wellness services, including Yoga and Nutrition, particularly for patients suffering from chronic diseases, who essentially need an impactful, wellness driven lifestyle shift.
BUSINESS
"International collaboration necessary to ensure proper use of crypto", says Modi
PM Modi had earlier alluded to the potentially "misleading and delusive" advertisements that are currently running on various platforms by crypto exchanges and the need to rein them in
BUSINESS
Escorts set to raise funds through bonds, debentures and QIP
Escorts Limited is a market leader in the agricultural, construction machinery and engineering space.
BUSINESS
I-T department sets up Taxpayers' Lounge at IITF 2021; check details
The lounge intends to promote trust between taxpayers and the department, along with easing compliance with the various rules and procedures associated with Income tax.
BUSINESS
Macrotech Developers announces Rs 4,000 crore QIP
Only qualified institutional buyers can participate in QIPs. The base price of shares, in this case, has been set at Rs 1,184.7.
BUSINESS
Cryptocurrency Prices today: Bitcoin, Solana rises on November 14
Bitcoin is also expected to receive the much-anticipated Taproot upgrade activation this weekend, which, notably is the most significant enhancement since its block size increase in 2017.
BUSINESS
Specify exact dates for loan repayment for customers: RBI circular
In addition to this, the circular also mentioned that banks should specify that loans that come with a moratorium facility should specify the exact date of commencement for repayment of loans. All these mandates should be complied with by December 31, 2021. As for the ongoing loans, these guidelines will apply as and when the concerned loans come up for renewal.
BUSINESS
Droom Technologies files IPO papers, aims to raise Rs 3,000 crore
ICICI Securities, Edelweiss, Axis Capital, HSBC and Nomura are the lead book running managers. Kfin Technologies is the registrar for the offer
BUSINESS
Being conservative while investing in stock market isn't bad: Sankaran Naren of ICICI Prudential AMC
Instead of focusing too much on equities, other asset classes, too, must be a part of your portfolio. These other asset classes include debt, gold, global funds and real estate.
BUSINESS
Why Nilesh Shah, CEO, Kotak Mahindra mutual fund advises investors to focus more on the green zone of the stock market
Confused about whether or not to invest in crypto, or stressed about how to navigate in these euphoric, bullish markets? And if none of this, just simply want to brighten your portfolio with the diyas of prudent financial principles? Nilesh Shah, Managing Director, Kotak Mahindra Asset Management has some amazing personal finance insights for everyone. Take a look
BUSINESS
Why Zerodha’s Nithin Kamath does not invest in cryptocurrencies
Nikhil Kamath and his younger brother Nithin, co-founders of Zerodha- India’s largest equity brokerage house- may be ranked 86th on the prestigious Forbes list of India’s richest, but Nithin has seen bad days too, in his past. His Achilles heel like many young millennials? A credit card that went wrong.
BUSINESS
Why Prateek Singh, the Founder and CEO of LearnApp wants you to learn about stocks and trading this Diwali
The chief of online education app, Prateek Singh urges millennials to spend this Diwali and next year learning new skills, to become financially independent and upskill. On his part, he says, he wants to learn equity markets
BUSINESS
Missed out on equity rally? Don’t worry; it’s not the end of the world: Vasanth Kamath, Founder and CEO, Smallcase
This Diwali, learn to be regular with your investments. And though equities outperform all other asset classes over time, don’t forget to allocate your money to other assets as well, says Vasanth Kamath
BUSINESS
Diwali 2021 money lessons| Why Swarup Mohanty regrets not having started investing early in his life
“One of my biggest financial regrets in my life is that I did not start investing early. I was 26 when I made my first investment. Even that it is late. Start investing as early as you can in life,” he says.
TRENDS
SBI launches ‘Video Life Certificate’ facility for pensioners
All one needs to do is schedule a video call with the SBI staff from the comfort of your home, at a time suitable for you and done! One can easily complete this process without having to physically visit the bank branch.
BUSINESS
'SQUID' crypto a sham, plummets almost 99.99% in value within seconds
The crypto zoomed over 2,400 percent in just 24 hours, taking its market capitalisation to 174 million dollars.
BUSINESS
Aditya Birla Sun Life AMC launches ABSL Nifty IT ETF
The new fund offer will remain open for subscription from 20th to 28th October, and the minimum application amount for this fund has been set as Rs 500 and in multiples of Rs 100 thereafter, during the NFO.
