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BusinessToday.in
New Delhi, August 3, 2018
Railways has announced that vacancies for assistant loco pilots and technicians have been doubled to 60,000; Paul Krugman said that Bitcoin and other cryptocurrencies have set the monetary system back by 300 years; and the government is struggling to meet its monthly GST revenue target. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.In
New Delhi, July 30, 2018
Ever since the banks were stopped from providing financial services to digital exchanges, the trade of Bitcoin through Dabba trading has increased manifold, and the whole purpose of stopping the flow of illicit money seems to have been defeated.


BusinessToday.In
July 4, 2018
All the banks and financial entities after tomorrow will stop operating accounts that are in any way linked to virtual currency trade. So, if you are still invested in Bitcoin or any other cryptocurrencies, it's time to think about the options in front of you.


Manu Kaushik
New Delhi, June 7, 2018
Kavita Gupta spent just 40 days at her home in the US last year. For the remaining part of the year, she was travelling different parts of the world searching for promising companies in the blockchain space.


Virendrasingh Ghunawat
June 6, 2018
British businessman Raj Kundra was summoned and questioned for 10 hours by Enforcement Directorate officials in Mumbai on Tuesday in connection with the Rs 2,000-crore Bitcoin scam case.


Suresh Surana
New Delhi, May 14, 2018
Lack of regulations governing cryptocurrencies an impediment for ICOs in India.


PTI
April 25, 2018



BusinessToday.In
April 14, 2018
Earlier this week, Coinsecure registered an FIR with the Cyber Cell of Delhi Police in which it claimed to have lost 438.318 bitcoins worth Rs 20 crore from the company's wallet.


BusinessToday.In
New Delhi, April 13, 2018
According to digital currency group Coindesk, over $490 million were flushed out of the cryptocurrency market due to wallet hacks in 2017 alone. The report says so far, none of the perpetrators of these crimes have been brought to book.


BusinessToday.in
New Delhi, April 13, 2018
Retail inflation eases to five-month low in MarchIndia's retail inflation eased to a five-month low in March, but remained above the Reserve Bank of India's medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June. The RBI, which has kept rates steady since a cut of 25 basis points in August, is widely expected to maintain rates at their current level in the next review due on June 6.Boeing announces partnership with HAL, Mahindra DefenceIn the ongoing Defence Expo 2018, Boeing  has announced a partnership with Hindustan Aeronautics Limited (HAL) and Mahindra Defence Systems (MDS) for manufacturing the F/A-18 Super Hornet in India for its armed forces as reported by ANI. This is on the lines of  Prime Minister Narendra Modi's 'Make in India' initiative.Infosys will declare its Q4 and FY18 result todaySalil Parekh, CEO of Infosys, will unveil his strategy for the company today when the company discloses its fourth quarter numbers and shares its revenue forecast for the year ahead. Analysts will watch whether Infosys will retain the software-as-a-service model set by former CEO Vishal Sikka or focus on consulting-led services business.Analysts are also waiting for clarity on how the company is looking to fill in some of the top-level positions which are vacant after several senior management exits over the past 12 monthsSanjiv Mehta to take over as HUL chairmanCEO and MD of HUL Sanjiv Mehta will take over as chairman of Hindustan Unilever taking over from Harish Manwani. Manwani is set to retire from the post of non-executive chairman at the company's annual general meeting in June. Mehta has got an extension of another five years by the board of the company. 64 year old Manwani has been the longest serving chairman of HUL.Bitcoins worth Rs 20 crore stolen from exchange in IndiaNearly 438 bitcoins worth over Rs 20 crore were stolen from a top exchange firm in India in what is being billed as the biggest cryptocurrency theft in the country so far, as reported by the Economic Times. Coinsecure, the Delhi-based cryptocurrency exchange, has filed an FIR with the cyber cell accusing its CSO, Amitabh Saxena, of siphoning off the money from the firm's wallet. Team Coinsecure told Business Today, \"We regret to inform you that our Bitcoin funds have been exposed and seem to have been siphoned out to an address that is outside our control\"No junk food ads aimed at kids: FSSAIIndia's food regulator FSSAI has proposed a ban on all forms of advertising of products with high fat, sugar and salt (HFSS) aimed at children as reported by the Economic Times. This move could affect companies making chips, burgers, pizzas and other junk food. \"HFSS food products shall not be advertised to children in any form,\" the Food Safety and Standards Authority of India said in a notice inviting comments, views and suggestions to its draft regulations.


BusinessToday.In
April 13, 2018
Just days after the RBI announced its latest move to ring-fence banks from the risks associated with cryptocurrencies, popular cryptocurrency exchange Coinsecure reported that 438.318 bitcoins worth around Rs 19 crore had been stolen from its wallet. This might, in fact, be the country's biggest bitcoin theft.


Vidya S
April 9, 2018
Cryptocurrencies are virtual currencies that are created and held electronically. They are unregulated and are mined based on blockchain technology. Like every commodity, their values are also based on demand and supply.


PTI
April 8, 2018
The SIT recently held a meeting in the national capital during which it was briefed about the overall scenario of the operations of this virtual currency in the country.


PTI
April 8, 2018



PTI
April 6, 2018



Ankit Kumar and Pankaj Khelkar
Pune, April 5, 2018
Touted as a cryptocurrency guru in India, businessman and bitcoin entrepreneur Amit Bhardwaj has been arrested for allegedly scamming investors out of Rs 2,000 crore in Maharashtra alone.


BusinessToday.In
April 5, 2018
Today, the Reserve Bank of India released a statement directing all regulated entities, including banks, to stop dealing with individuals and businesses dabbling in virtual currencies. This amounts to a ban on banks in dealing with companies or individuals that trade in cryptocurrencies.


PTI
April 5, 2018



BusinessToday.in
New Delhi, March 27, 2018
Delhi has become the first city in the country to move from BS-IV fuel to BS-VI fuel. This is the giant step for a nation which has decided to skip the BS-V norms which was generation before this one; Twitter is the latest social media platform to ban advertising of bitcoins and other cryptocurrencies on its platform and stock market volatility has begun to take a toll on one of the safest investment options for investors and that is SIPs. BusinessToday.In Editor Rajeev Dubey elaborates in The Good, The Bad and The Ugly.


Prosenjit Datta
NA, March 19, 2018
Many have explicitly stated that Bitcoins have no legal status as currency, but allow its trading and tax gains out of it. They also allow it to be converted into the country's currency through mutual consent between two parties, without giving an official standing to it. In a sense, it is treated like other precious commodities like gold, silver or diamonds.


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