Crypto CEO, the only person with password to access millions in cryptocurrencies, dies in India


Gerald Cotten died aged 30 from complications with Crohn`s disease while volunteering at an orphanage in India. Toronto: About C$180 million ($137.21 million) in cryptocurrencies have been frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died suddenly in December. Gerald Cotten died aged 30 from complications ...

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RBI projects 7.4% GDP growth for FY20


The CSO has estimated GDP growth at 7.2 percent for 2018-19. Mumbai: The Reserve Bank of India Thursday projected an economic growth rate of 7.4 percent for the next fiscal, up from 7.2 percent estimated for the current fiscal by Central Statistics Office (CSO). The gross domestic product (GDP) growth is likely to be influenced by growth in bank credit ...

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Sensex drops over 100 points; bank, auto stocks fall


Top gainers in the Sensex pack include ONGC, RIL, HCL Tech, Vedanta, HUL, Coal India, HDFC Bank, HDFC, TCS and Infosys, rising up to 2.39 percent. Mumbai: After posting robust gains on Friday, post Interim Budget announcements, markets opened lost its steam on Monday. The 30-share index was trading 109.53 points, or 0.30 percent, lower at 36,359.90 amidst selloff in ...

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Markets open flat, Nifty holds on to 10,900


Elsewhere in Asia, trade was light, with markets in greater China, South Korea, Singapore and Indonesia are all closed for the Lunar New Year. New Delhi: Markets opened on a flat note on Tuesday though the NSE Nifty still held on to 10,900. Investors will be keeping an eye on the Reserve Bank of India`s (RBI) bi-monthly monetary policy announcement ...

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Cabinet clears setting up of centralised GST appellate authority


Goods and Services Tax Appellate Tribunal is the forum of second appeal in GST laws and the first common forum of dispute resolution between Centre and States. New Delhi: The Union Cabinet has approved setting up creation of National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT). The National Bench of the Appellate Tribunal shall be situated at ...

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Indian services growth slows in January as new business slips to four-month low


A composite index, taking into account both manufacturing and services activity, remained unchanged at December`s 53.6, helped by an unexpected acceleration in factory activity. Bengaluru: Growth in India`s dominant services sector weakened for a second month in January but firms accelerated hiring despite waning demand, a private survey showed on Tuesday. The Nikkei/IHS Markit Services Purchasing Managers` Index declined to ...

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PNB Q3 net rises 7% to Rs 246.51 crore


Asset quality improved quarter-on-quarter. Indian state-run Punjab National Bank (PNB), which has been hit badly by a $2 billion fraud early last year, posted a surprise quarterly profit on Tuesday, helped by a sharp drop in provisions. PNB posted a profit of 2.47 billion rupees ($34.44 million) for the three months to Dec. 31, compared to a profit of 2.3 ...

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