Category: Indias

  • India’s Inflation Slide, Rupee Slump Complicate Rate Outlook

    Breadcrumb links BMN Business Inflation eased in India last month, while the rupee fell to a new record low, giving the central bank a reason to remain dovish even as most analysts expect interest rate cuts from February. Article writer: Posted on January 13, 2025 • 2 min read You…

  • Seven Billionaire Founders Rode India’s IPO Boom in 2024

    Breadcrumb links BMN Business A busy year for initial public offerings (IPOs) in India has catapulted seven entrepreneurs onto the billionaires list, many of them early adopters in the country’s booming renewable energy sector. Article writer: Bloomberg News Advait Palepu Published on January 02, 2025 • Last updated 1 hour…

  • India’s opposition protests against billionaire facing US bribery and fraud charges

    Breadcrumb links PMN PMN works Article writer: Associated Press Shonal Ganguly and Manish Swarup Posted on November 25, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content NEW DELHI (AP) — Hundreds of supporters…

  • Trump Victory Gives Modi Chance to Reset India’s Image With West

    Breadcrumb links BMN Business Few leaders in Asia are happier to see Donald Trump return to the White House than Indian Prime Minister Narendra Modi. Article writer: Bloomberg News Sodhi Ranjan Sen, Dan Strumpf, and Ruchi Bhatia Published on November 06, 2024 • 4 minutes read You can save this…

  • India’s officials probe crypto exchange WazirX over $235m hack: report

    Officials from India’s Financial Intelligence Unit and other agencies are investigating WazirX over a $235 million cryptocurrency hack, as the exchange investigates possible insider involvement. Indian cryptocurrency exchange WazirX is collaborating with government agencies, including the Financial Intelligence Unit, to address the aftermath of the cyberattack that led to the…

  • India’s officials probe crypto exchange WazirX over $235m hack: report

    Officials from India’s Financial Intelligence Unit and other agencies are investigating WazirX over a $235 million cryptocurrency hack, as the exchange investigates possible insider involvement. Indian cryptocurrency exchange WazirX is collaborating with government agencies, including the Financial Intelligence Unit, to address the aftermath of the cyberattack that led to the…

  • Crypto Scammers Hijack India’s Supreme Court YouTube Channel

    Image: Cointelegraph In a worrying incident that underscores the continued vulnerability of online platforms to hacking, the official YouTube channel of the Supreme Court of India was recently hacked by cryptocurrency scammers. The hackers took control of the prominent channel to promote a fraudulent investment scheme involving the digital asset…

  • Crypto Scammers Hijack India’s Supreme Court YouTube Channel

    Image: Cointelegraph In a worrying incident that underscores the continued vulnerability of online platforms to hacking, the official YouTube channel of the Supreme Court of India was recently hacked by cryptocurrency scammers. The hackers took control of the prominent channel to promote a fraudulent investment scheme involving the digital asset…

  • Factbox-What are India’s antitrust findings against Amazon, Flipkart By Reuters

    Written by Aditya Kalra NEW DELHI (Reuters) – India’s antitrust investigation has found that Amazon.com Inc and Walmart Inc’s Flipkart violated local competition laws by giving preference to some sellers, prioritizing some listings and cutting product prices sharply to the detriment of other companies. Here are the key findings of…

  • India’s shrinking balance of payments surplus keeps rupee near record lows By Reuters

    Written by Nimesh Vora MUMBAI (Reuters) – India’s rupee held near an all-time low on Thursday despite intervention by the country’s central bank, with traders and analysts expecting continued pressure on the currency due to a shrinking balance of payments surplus. The rupee was at 83.9750 against the US dollar,…

  • India’s CBDC platform hits 5m users 20 months after pilot launch

    Reserve Bank of India Governor Shaktikanta Das has urged caution in launching a central bank digital currency, as the retail pilot project now reaches over 5 million users. India’s central bank digital currency platform has crossed the 5 million user mark as the country cautiously continues to expand its digital…

  • India’s CBDC platform hits 5m users 20 months after pilot launch

    Reserve Bank of India Governor Shaktikanta Das has urged caution in launching a central bank digital currency, as the retail pilot project now reaches over 5 million users. India’s central bank digital currency platform has crossed the 5 million user mark as the country cautiously continues to expand its digital…

  • Binance completes registration with India’s financial intel

    Cryptocurrency exchange Binance has registered with India’s Financial Intelligence Unit to comply with the country’s anti-money laundering standards. Binance said on Thursday, August 15, that it has completed its registration with India’s intelligence agency as a reporting entity, marking its 19th regulatory milestone globally. Blog Announcement. The exchange said the…

  • Binance completes registration with India’s financial intel

    Cryptocurrency exchange Binance has registered with India’s Financial Intelligence Unit to comply with the country’s anti-money laundering standards. Binance said on Thursday, August 15, that it has completed its registration with India’s intelligence agency as a reporting entity, marking its 19th regulatory milestone globally. Blog Announcement. The exchange said the…

  • India’s Enforcement Directorate cracks down on $890k Emoillent crypto scam

    India’s law enforcement agency has launched a manhunt against the founders of Emoillent Coin, a dubious cryptocurrency that promised investors lucrative returns. Reports from local media He claims 2,508 investors in India have lost a total of Rs 7,343,6267 (around $890,000) in hopes of making profits from the cryptocurrency hype.…

  • India’s Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say By Reuters

    By Bhakti Tambe MUMBAI (Reuters) – India’s Adani Enterprises, the flagship of the Adani group, plans to launch its first-ever public bond issue in the coming weeks to raise up to 6 billion rupees ($71.7 million), people familiar with the matter said on Tuesday. “The company has already filed a…

  • India’s central bank fines Visa for unauthorised payment method By Reuters

    BENGALURU (Reuters) – India’s central bank said on Friday it had imposed a fine of 24.1 million rupees ($288,000) on Visa Inc for using an unauthorised method to transfer payments. “It has been observed that the entity (Visa) has implemented a payment authentication solution without regulatory approval from the Reserve…

  • India’s WazirX Exchange Hacked, Over $230 Million In Crypto Assets Stolen

    In a shocking turn of events, Wazirx Exchange It found itself at the center of a devastating cryptocurrency hack that resulted in the unauthorized transfer of over $230 million in digital assets, raising urgent questions about the safety of WazirX user funds within these digital marketplaces. Understanding WazirX Exchange Hack…

  • India’s WazirX Exchange Hacked, Over $230 Million In Crypto Assets Stolen

    In a shocking turn of events, Wazirx Exchange It found itself at the center of a devastating cryptocurrency hack that resulted in the unauthorized transfer of over $230 million in digital assets, raising urgent questions about the safety of WazirX user funds within these digital marketplaces. Understanding WazirX Exchange Hack…

  • India’s Modi wins test of strength in parliament with election of speaker By Reuters

    MUMBAI (Reuters) – Indian Prime Minister Narendra Modi passed the first major political test of his third term on Wednesday after one of the ruling party’s candidates was elected speaker of parliament’s lower house, defeating an opposition lawmaker by a vote. Om Birla, of Modi’s Bharatiya Janata Party, who was…