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Prajwal case: 'People fleeing their homes in Hassan'

Prajwal case: 'People fleeing their homes in Hassan'

Rediff.com7 days ago

Karnataka Home Minister G Parameshwara has asserted there were no lapses on the part of the government in handling cases relating to the alleged sexual abuse of women by Hassan MP Prajwal Revanna and that the Special Investigation Team was probing them from all angles.

ED attaches Shilpa Shetty, Raj Kundra's properties worth over Rs 97 cr

ED attaches Shilpa Shetty, Raj Kundra's properties worth over Rs 97 cr

Rediff.com18 Apr 2024

Kundra, it claimed, received 285 Bitcoins from the mastermind and promoter of Gain Bitcoin Ponzi scam Amit Bhardwaj for setting up Bitcoin mining farm in Ukraine.

Gold, Silver May Sparkle This Financial Year

Gold, Silver May Sparkle This Financial Year

Rediff.com12 Apr 2024

Since the last nine years, gold investors have made money each year, while gains in silver have been consistent only in the last five years.

Investors' desire for buybacks, dividends highest in 9 yrs: BofA

Investors' desire for buybacks, dividends highest in 9 yrs: BofA

Rediff.com28 Mar 2024

Investors' desire for companies to prioritise returning cash to shareholders through share buybacks, dividends or mergers and acquisitions (M&A) is at the highest level since July 2015, said a survey by BofA Securities (BofA). Nearly 30 per cent of respondents wanted companies to do so. As many as 226 respondents with $572 billion worth of assets under management (AUM) participated in the March fund manager survey (FMS), said BofA.

40-year-old fintech gurus need 60-year-olds to handhold them

40-year-old fintech gurus need 60-year-olds to handhold them

Rediff.com19 Mar 2024

The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.

Bitcoin rally fuels revival hope for Indian crypto exchanges

Bitcoin rally fuels revival hope for Indian crypto exchanges

Rediff.com8 Mar 2024

The cryptocurrency exchanges in India have got a fresh lease of life following the bull run in Bitcoin, which briefly hit a new all-time high of more than $69,000. Siddharth Sogani, managing director of CREBACO, expects the price to cross $1,00,000 by the end of the year. This will see a sharp reversal in the Indian market, which has largely been dormant since the new tax regime was implemented in 2023.

Investing In Cryptocurrencies? Read This

Investing In Cryptocurrencies? Read This

Rediff.com29 Feb 2024

If investing in Bitcoin, adopt a three to five-year horizon and invest systematically to gain from its volatility.

Mid, smallcap indices stay afloat in choppy January

Mid, smallcap indices stay afloat in choppy January

Rediff.com6 Feb 2024

The S&P BSE Midcap and the S&P BSE Smallcap indices have managed to stay afloat in a volatile January that saw the frontline indices hit their respective 52-week high levels and then slip. While the S&P BSE Sensex has lost over 2 per cent thus far in January, the S&P BSE Midcap and the S&P BSE Smallcap indices have gained nearly 2.5 per cent and 4 per cent, respectively during this period.

Crypto Investments: Brace For Volatility, Regulation Threat

Crypto Investments: Brace For Volatility, Regulation Threat

Rediff.com24 Jan 2024

Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.

Indian crypto firms welcome US SEC approval for bitcoin ETF

Indian crypto firms welcome US SEC approval for bitcoin ETF

Rediff.com12 Jan 2024

The securities regulator's approval for the first US-listed exchange traded funds (ETF) to track bitcoin has given Indian cryptocurrency companies hope that the move would create domestic support for the digital assets. The US Securities and Exchange Commission (SEC) on Thursday approved 11 ETFs for bitcoin, perhaps the most popular virtual currency. It would enable investors to access bitcoin without challenges such as setting up wallets or accounts with crypto exchanges that have previously suffered cyberattacks or implosion.

World cannot afford a 'crypto mania': Das

World cannot afford a 'crypto mania': Das

Rediff.com11 Jan 2024

RBI Governor Shaktikanta Das on Thursday said the central bank does not "emulate" others when it comes to regulations and asserted that the bank's as well as his own opposition to cryptocurrencies remain unchanged, a day after US regulators allowed bitcoin Exchange Traded Funds (ETFs). He also said that emerging markets and the world cannot afford to have a "crypto mania". "What is good for another market need not be good for us.

India has over 19 million crypto investors with 75% youth

India has over 19 million crypto investors with 75% youth

Rediff.com26 Dec 2023

India has over 19 million cryptocurrency investors out of which nearly nine per cent are women, data from a report by cryptocurrency exchange platform CoinSwitch showed. Nearly 75 per cent of cryptocurrency investors belong to a young demographic, with ages spanning from 18 to 35 years, the report noted. This represents a significant interest in crypto among young users.

Bitcoin Beats Equities, Gold In 2023!

Bitcoin Beats Equities, Gold In 2023!

Rediff.com20 Dec 2023

A key reason for the rise in crypto currencies in 2023 is the possibility of the world's first Bitcoin ETF over the next few months.

Murthy flags fake news about him; cautions public

Murthy flags fake news about him; cautions public

Rediff.com14 Dec 2023

Infosys co-founder NR Narayana Murthy on Thursday called out "fake news items", which claimed he endorsed automated trading applications and warned the public not to fall for such fraudulent claims. He also slammed "fake interviews" that used "deepfake pictures and videos" of him. In a series of posts on X, Murthy drew the attention of the public to false content being put out by malicious sites and products or services being sold fraudulently using his name and urged people to report any such instances to the concerned regulatory authorities.

Pay $1m in Bitcoin or will blow up Mumbai's T2, warns email

Pay $1m in Bitcoin or will blow up Mumbai's T2, warns email

Rediff.com24 Nov 2023

The Mumbai international airport has received an email threatening to blow up its Terminal 2, with the sender demanding one million dollars in Bitcoin to prevent the blast, the police said on Friday.

Samvat 2080: A year of hope for industrial and precious metals

Samvat 2080: A year of hope for industrial and precious metals

Rediff.com23 Nov 2023

The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia.

Saving India, One Helmet At A Time

Saving India, One Helmet At A Time

Rediff.com28 Oct 2023

Inspiring story of India's 'Helmet Man' goes viral.

Can You Earn 24% P.A. On Rs 1 Crore?

Can You Earn 24% P.A. On Rs 1 Crore?

Rediff.com27 Oct 2023

Is it a good idea to give Rs 1 crore to someone who promises you a return of 24% per annum, wonders financial advisor P V Subramanyam.

Former Zimbabwe captain Heath Streak passes away

Former Zimbabwe captain Heath Streak passes away

Rediff.com3 Sep 2023

Former Zimbabwe captain Heath Streak died on Sunday at the age of 49.

Fake call centre 'duping' US citizens busted in Hyderabad, 115 held

Fake call centre 'duping' US citizens busted in Hyderabad, 115 held

Rediff.com11 Aug 2023

According to the police, the accused persons collected data, such as phone numbers and personal data from a portal, and the employees of the call centre randomly made calls using VoIP to US citizens.

Govt issues alert against new ransomware

Govt issues alert against new ransomware

Rediff.com4 May 2023

The Indian cyber security agency has issued a warning against 'Royal ransomware' virus that attacks critical sectors like communications, healthcare, education and even individuals and seeks pay-off in Bitcoins for not leaking personal data in the public domain.

Elon Musk changes Twitter blue bird logo to 'Doge' meme

Elon Musk changes Twitter blue bird logo to 'Doge' meme

Rediff.com4 Apr 2023

Musk also shared a hilarious post on his account wherein the 'doge' meme (which features the face of a Shiba Inu) in the car and telling the police officer, who seems to be seeing his driving license, that his photo has been changed.

Crypto firms see no long term impact of fall of US banks, investors unsure

Crypto firms see no long term impact of fall of US banks, investors unsure

Rediff.com15 Mar 2023

The collapse of Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank in the US might create temporary liquidity issues but will not have any significant impact on the Indian crypto market in the long run, officials from several exchanges told Business Standard. All three banks are considered crypto-friendly. SVB offered services such as cryptocurrency custody and lending.

Look Out For Smaller Company Stocks

Look Out For Smaller Company Stocks

Rediff.com2 Feb 2023

They will not be followed by analysts and no fund manager can buy such small companies with low trading liquidity.
Large companies, those that are talked about in the media and tracked on social media, have already been discovered. They won't lead to extraordinary gains, Debashish Basu points out.

CoinSwitch holds Rs 1,083 cr of users' assets

CoinSwitch holds Rs 1,083 cr of users' assets

Rediff.com7 Jan 2023

CoinSwitch has 7.21 times more cash holdings in rupees, compared to that held by its users on its platform.

A Banking Year Marked By Three Cs

A Banking Year Marked By Three Cs

Rediff.com5 Jan 2023

RBI Governor Shaktikanta Das kept the red flag on cryptocurrencies flying, warning that the next financial crisis can be triggered by private cryptocurrencies if such speculative instruments are allowed to grow.

10 Most Relevant Job Skills For 2023

10 Most Relevant Job Skills For 2023

Rediff.com2 Jan 2023

Siva Prasad Nanduri, chief business officer, TeamLease Digital, outlines the skills that will help you get a job in 2023.

Indian crypto exchanges stay put in business after 'a year to forget'

Indian crypto exchanges stay put in business after 'a year to forget'

Rediff.com29 Dec 2022

The price of bitcoin, the bestselling cryptocurrency, has shrunk nearly three times this year to mark the fate of such digital assets. Crashing prices, regulatory uncertainty and taxes have put Indian crypto exchanges in troubled waters. Finance Minister Nirmala Sitharaman's budget for FY23 announced a 30 per cent tax on any income from the transfer of virtual digital assets.

Next financial crisis will come from the crypto world: RBI Guv

Next financial crisis will come from the crypto world: RBI Guv

Rediff.com21 Dec 2022

Reserve Bank Governor Shaktikanta Das on Wednesday said underlying economic activity in India continues to be strong, but external factors will cause some "dent" to the economy. Speaking at the BFSI Insight Summit 2022 organised by Business Standard, Das said the RBI tracks 70 fast moving indicators and most of them are in the "green box". It is the external sector, mired by a fear of recession or clear visibility about slowing growth in a large part of the world, where the challenges lie, he said, adding that the impact of external demand will "dent" the economy.

Documents you must keep handy to file income tax returns

Documents you must keep handy to file income tax returns

Rediff.com11 Jul 2022

The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Nonetheless, you must have a number of documents handy at the time of filing return so that you can cross-check the data in the pre-filled form. "Filing ITR doesn't require you to upload any document. But in case an assessing officer makes an inquiry, you will need to present documents and certificates as proof," says Deepak Jain, chief executive, TaxManager.in.

Equity MFs attract Rs 15,498-cr in Jun on strong SIP flows

Equity MFs attract Rs 15,498-cr in Jun on strong SIP flows

Rediff.com8 Jul 2022

Investors continue to back-up equity mutual funds in June as such schemes attracted a net inflow of Rs 15,498 crore on strong flows from systematic investment plans despite volatility in the stock market and relentless selling by Foreign Portfolio Investors (FPIs). This also marked the 16th straight month of positive inflow in equity schemes. Inflows into equity mutual funds in June was lower compared to the net inflow of Rs 18,529 crore seen in May, data from the Association of Mutual Funds in India (AMFI) showed on Friday.

'Get-rich-quick' days over for crypto investors

'Get-rich-quick' days over for crypto investors

Rediff.com24 Jun 2022

A sharp fall in the price of Bitcoin and other cryptocurrencies is another hard blow to the already sinking cryptocurrency market in India. Global and domestic prices have been on a downward trail since November last year when Bitcoin prices hit a peak of close to $68,000 in international markets. The recent past has seen a much sharper fall in the price of the leading cryptocurrency, Bitcoin.

How to stay secure as cybercrime runs rampant in India

How to stay secure as cybercrime runs rampant in India

Rediff.com14 Jun 2022

Like software-as-a-service (SaaS), CaaS has emerged as a well-orchestrated ecosystem for cybercriminals.

Europe's 1st major soccer club to join crypto wagon

Europe's 1st major soccer club to join crypto wagon

Rediff.com7 Jun 2022

Fan tokens are a type of cryptocurrency that allow holders to vote

Why cybercrime is running rampant in India and how to stay secure

Why cybercrime is running rampant in India and how to stay secure

Rediff.com9 May 2022

Do you suspect that your partner is cheating on you and want to find out the truth by installing spyware on their phone? Or, perhaps you are a student who wants to get out of an online classroom so you can play an online game with friends? How about some Zoom raiding for a mere Rs 50-100? Or, are you a person who wishes to hack into someone's phone or laptop, and steal their financial details? Crimeware-as-a-Service (CaaS) allows you to do all this and more.

NCB busts online pharma racket to send narcotics to US

NCB busts online pharma racket to send narcotics to US

Rediff.com8 May 2022

The pharmacy, identified by the federal anti-narcotics agency as JR Infinity Pvt Ltd, was located at Domalguda in Telangana's capital city.

How Brand Elon Musk might impact Brand Twitter

How Brand Elon Musk might impact Brand Twitter

Rediff.com4 May 2022

The announcement came late Monday evening - and broke the internet. Elon Musk, the world's richest man, had bought microblogging site Twitter for a neat $44 billion. The little blue bird, which is known to take on many avatars depending on the mood, leanings and interests of who it is chirping for, went into overdrive. While some Twitter users flooded the site with memes and humorous takes on the move, the deal also had a fair share of critics.

Crypto industry sees exits ahead of new tax regime

Crypto industry sees exits ahead of new tax regime

Rediff.com4 Apr 2022

With days to go before the new tax regime around crypto assets kicks in, several investors are reportedly either booking profits, rejigging their portfolios or moving their crypto assets to their private wallets outside of India. Starting April, gains from trading in crypto and other virtual assets like non-fungible tokens (NFTs) will be taxed at a flat 30 per cent, as announced in the Union Budget. And, 1 per cent of tax will be deducted at source (TDS) on every transaction involving crypto and other virtual assets. The new tax regime also bars investors from offsetting losses from one crypto asset (such as Bitcoin) against gains from another (say, Ethereum).

11 crypto bourses evaded Rs 81.54-crore GST

11 crypto bourses evaded Rs 81.54-crore GST

Rediff.com29 Mar 2022

The Centre has recovered around Rs 95.86 crore from at least 11 crypto exchanges for evading goods and services tax (GST), according to data released by Parliament on Monday. The amount includes interest and penalty. The GST investigation department has detected a total tax evasion of Rs 81.54 crore by crypto exchanges that include WazirX, Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin and Flitpay, among other exchanges. In a written reply to Lok Sabha, minister of state (MoS) for finance Pankaj Chaudhary said 11 cases of GST evasion by cryptocurrency exchanges have been detected by central GST formations.

SC directs crypto scam accused to disclose bitcoin password to ED

SC directs crypto scam accused to disclose bitcoin password to ED

Rediff.com28 Mar 2022

The Supreme Court on Monday asked a crypto-currency scam accused to disclose the username and password of his bitcoin wallet to the Enforcement Directorate and cooperate with the investigation in the money laundering case against him.

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