The Enforcement Directorate on Friday said it has issued a show cause notice to the country's largest cryptocurrency exchange for undertaking transactions worth over Rs 2,790 crore in alleged violation of the Foreign Exchange Management Act (FEMA). WazirX, registered under the company named Zanmai Labs Pvt Ltd, was incorporated in December, 2017 as a domestic cryptocurrency start-up and its directors Nischal Shetty and Hanuman Mhatre, along with the company, have been named in the notice issued by the central probe agency after completion of investigation. The agency issued a statement saying that it stumbled upon the transactions of the company during an ongoing money laundering probe into the "Chinese-owned" illegal online betting applications.
'Each plate sold sponsors 250 meals for a worker's family.' 'Our goal is to provide 100,000 meals within the next month.'
'...If people follow the lockdown well.'
Falling valuations, slowing funding rounds and faltering investor sentiment seem to have prompted many start-ups to lay off employees in a bid to conserve cash. The latest to do so is SoftBank-backed Cars24, a leading e-commerce platform for pre-owned vehicles, which has laid off over 600 staff, according to sources in the know. The move, they said, is aimed at conserving cash amid cautious investor sentiment and a slowdown in funding.
Despite Covid downturn, CEO salaries went up by an average of 19% in FY21.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
There are reasons to doubt Gadkari's words.
Experts said the strain has not propelled a surge in cases like Omicron, but advised strict adherence to COVID-19-appropriate behaviour.
Lakshmanan contracted polio when he was only three months old. 'I didn't want to go for the swayamvar, but my uncle convinced me to attend.' He sat close to the door at the swayamvar. And then, Rohini walked in. Both her legs, too, were afflicted with polio.
A single application and a plethora of services for passenger cars - that is what myTVS, a brand that operates under Ki Mobility Solutions and is part of the TVS family, is set to bring to customers, in a bid to disrupt the concept of "super apps" in India. Starting July 15, myTVS will launch its connected car platform or super app called myTVS Life360 for aftermarket passenger cars. Through it, customers will be able to avail themselves of a range of services like maintenance, diagnostics, roadside assistance, accessories, payments, insurance, and so on.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Letsgomo Labs has a 76-member team.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The Comptroller and Auditor General of India on Monday reported multiple irregularities in the accounts of units under the IT and telecom ministries, including purchases of hardware and software worth Rs 890 crore by NICSI in contravention of rules. In its audit report for financial years 2017-18 and 2018-19, the Comptroller and Auditor General (CAG) has flagged anomalies in the decision taken by state-run telecom firm BSNL, C-DoT, the Department of Posts, ITI Limited and CDAC that had adverse financial implications. "NICSI procured hardware and software costing Rs 890.34 crore through the 'Strategic Alliance' route in contravention of General Financial Rules, 2005 and departmental instructions and thus failed to ensure transparency and competitiveness in the procurement process," according to the CAG report tabled in Lok Sabha on Monday.
Will the latest development see a marked break from the way the case has been going?
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
When it comes to performance and affordability, how do these Indian headphones fare when compared popular international brands like JBL and Sennheiser?
The BJP is not taking the AAP challenge lightly. Amit Shah has cautioned party insiders to ensure that AAP does not cross a vote share of 24%. He has always seen AAP as a much more significant challenge than the Congress, observes Ramesh Menon, author, Modi Demystified: The Making Of A Prime Minister.
However, experts caution that investors should not expect the big returns they got from the sector between March and September 2020.
After a group of young hackers beat companies that claim to spend a bomb on cyber security, Karan Choudhury reports on just how easy it is to exploit digital wallets.
Several companies and technology heavyweights including Microsoft, Oracle and Salesforce are working to create a digital vaccination passport or health passport app in the hope that governments and airlines will require travellers to upload details of their Covid-19 tests and immunisation. The vaccine passport will effectively create digital credentials that could be the key to attending crowded events or even visiting countries.
'One police officer told me that trials take forever, conviction rates are low.' 'So one way to judge states' performance on handling crime is through the 'recovery rate' of their police.' 'The fastest way to get recovery is by torturing the accused.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Please don't think that Kashmiris have accepted the abrogation of Article 370.' 'Please don't misconstrue silence as acceptance.'
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Sharmaji Namkeen is Rishi Kapoor's swansong and show. His cinematic memories are coloured in liveliest hues of celebration and happiness, observes Sukanya Verma.
500 million doses per annum from its two sites in Hyderabad and 200 million doses each from its Ankleshwar and Kolar facilities.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Windows shook and rattled, and the thunderous growl of the engines doused even the sound of our noisy helicopter till such time the plane had lifted itself into the skies and disappeared from view.'
'This year, we know the virus. Last year we didn't know anything about it.' 'The best part is that for the Indian population there has been some amount of cross protection.'
The PM's visit would signal a strong intent towards making sure India becomes a beneficiary as vaccines become a massively traded commodity in the coming years.
'An individual who maybe has had two vaccines, or has had two vaccines, and a booster, is going to be pretty well protected.'
'And that means all of us have to be very careful.'
Hemant Shivsaran lists the number of projects the Modi government has announced since August to woo Gujarat voters.
'I told myself, I will be 23 next year. Why can't I be a billionaire too?'
The Social Dilemma shows how social media is turning human beings into lab rats and zombies, notes Chintan Girish Modi.
Hitesh Harisinghani/Rediff.com and Afsar Dayatar/Rediff.com go backstage at the Cirque Du Soleil.
When Rinku Singh won the Million Dollar Arm show in 2008, the Indians' 'Great American Dream' of playing professional baseball became a reality and now the promoters of that very contest want Americans to realise the 'Great Indian Dream' of playing in cash-rich Indian Premier League T20 cricket tournament.
'We are seeing 50% fewer cases now.' 'It is primarily due to the lockdown.'
Live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech have made their mark.
