BUSINESS
Anand Mahindra says not invested a single rupee in crypto
The billionaire shared some screen grabs which claimed that he has made tons of money using a cryptocurrency investment platform. Sharing some screen-shots which claimed that Mahindra has made a lot of money using a crypto currency platform, the billionaire said that such news takes “fake news” to another level. He also asserted that he somehow has seen this news online which made him alert.
Vegetable prices soar in Delhi, consumers feel pinch
Tomatoes and green peas, considered as the main constituents of Indian food, are among the costliest vegetables. The retail prices of green peas on online grocery delivery platforms have soared to Rs 200-250 per kg in Delhi and the prices are Rs 120 at the local mandis.
India's foreign exchange reserves drop by over $760mn in November: RBI
India's forex reserves fell to $640.112 billion from $640.874 billion registered for the week ended November 5, RBI data revealed. Foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF, all together form the country's forex reserves.
India to double airport numbers to over 200: Minister
He also talked about the Centre’s plan to set up at least one heliport in each district in collaboration with states and UTs. The states should provide capital support for this initiative, said the minister on the issue of seaplanes. He also appealed to states and UTs to cut down the VAT on aviation fuel as it majorly contributes to the operational cost of the flights.
Franklin Templeton to distribute another tranche of Rs 1,115cr to investors
"As advised by the court appointed liquidator (SBI MF), the payment to all investors whose accounts are 'KYC' compliant with all details available will commence from November 22, 2021," a Franklin Templeton spokesperson said.
RIL, Saudi Aramco to re-evaluate proposed investment in O2C
Consequently, the current application with the NCLT for segregating the O2C business from RIL is being withdrawn. In August 2019, both the companies had signed a non-binding Letter of Intent for a potential 20 per cent stake acquisition by Saudi Aramco in the O2C business of RIL.
Elon Musk-run satellite firm Starlink enters hiring mode in India
Starlink, which will deliver low-latency broadband internet in India, is looking for a Director of Rural Transformation in the country. "In this role, you will be a critical member determining Starlink's successful adoption by local communities in India," the company said in a latest job posting, first seen by an unofficial group of fans called 'Tesla Club India'.
US seizes $56 mn in crypto fraud, to pay victims in dollars
The US Department of Justice intends to sell the coins and use the proceeds to reimburse victims. According to court documents, Glenn Arcaro, 44, of Los Angeles, pleaded guilty to participating in a massive conspiracy to defraud BitConnect investors in the US and abroad, in which investors were fraudulently induced to invest over $2 billion.
Inflation rate lowest in Delhi during pandemic: Report
Delhi recorded a 3 per cent rise in inflation in the financial year 2021-22, while Kolkata, Chennai, Mumbai, and Bengaluru registered 4.6 per cent, 4.4 per cent, 4.1 per cent and 4.0 per cent, respectively, revealed the Directorate of Economics and Statistics's report. The national inflation rate for food prices was 5.7 per cent and in Delhi this rate was only 4.1 per cent, the lowest in the country, Manish Sisodia said.
Fuel prices static as Oil cos keep petrol, prices unchanged
The pump price of petrol in the national capital Delhi on Thursday remained steady at Rs 103.97 a litre and diesel prices at Rs 86.67 a litre. The fuel prices had last gone down when the Central government had reduced the excise duties on Diwali eve, November 4.
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