Page 39 - Sumit Gupta News Today

Investegate announcements from HSBC Holdings PLC, Transaction in Own Shares

India is historically known as a tech hub and by embracing the future of finance, it can further its economic and technological standing as a global powerhouse.

"This news of regulation comes as welcome news" CoinDCX founder, Sumit Gupta

IL&FS' stake in Prime Terminals FZC was held through IL&FS Maritime Infrastructure Company Ltd (IMICL). VTTI acquired the energy storage terminal situated in UAE's Fujairah from IMICL and other shareholders.

The pause comes amid government's proposal of a regulatory clampdown of the cryptocurrency sector

While founders of crypto-exchange CoinDCX, WazirX, Coinswtich Kuber, and ZebPay welcomed the Cryptocurrency and Regulation of Official Digital Currency Bill (2021), they suggested refraining from any panic selling until the contents of the bill were known in entirety.

"We are witnessing significant discounts only in the Indian markets. Global markets remain unaffected,” the CoinDCX CEO said.

The announcement also puts Tatas close in competition with Reliance which has a strong presence in the offline retail grocery through reliance Fresh as well as a proposed acquisition of Big Bazaar outlets.

The government is planning to introduce The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the Winter session of the Lok Sabha

A $6 bn investment by young indians in digital currency is fuelling a crypto frenzy. Is it a bubble waiting to burst? - Issue Date: Nov 29, 2021