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Reuters

Govt plans to make cryptocurrencies illegal as a payment system, appoint regulator

TMT

05 February, 2018

Govt plans to make cryptocurrencies illegal as a payment system, appoint regulator

India is planning steps to ensure cryptocurrencies are illegal within its payments system, while at the same time appointing a ......

India services growth jumps to three-month high in January

Economy

05 February, 2018

India services growth jumps to three-month high in January

Activity in India’s services sector grew at the fastest pace in three months in January, underpinned by a recovery in ......

Bitcoin slides more than 10%, other cryptocurrencies suffer double-digit declines

TMT

05 February, 2018

Bitcoin slides more than 10%, other cryptocurrencies suffer double-digit declines

Bitcoin, the world's best-known cryptocurrency, fell more than 10 percent on Monday and approached three-month lows on concerns about a ......

Bitcoin sinks below $8,000 in worst week since 2013

TMT

02 February, 2018

Bitcoin sinks below $8,000 in worst week since 2013

Cryptocurrencies plunged on Friday, with several of the largest falling by more than 20 percent and bitcoin sliding below $8,000 ......

Sensex, Nifty record biggest fall since late-2016 as LTCG dampens sentiment

Markets

02 February, 2018

Sensex, Nifty record biggest fall since late-2016 as LTCG dampens sentiment

Indian shares slumped more than 2 percent on Friday, posting their biggest fall in nearly 15 months, as the long-term ......

Alibaba buys stake in payment affiliate Ant Financial as revenue beats forecast

TMT

01 February, 2018

Alibaba buys stake in payment affiliate Ant Financial as revenue beats forecast

Alibaba Group Holding Ltd, China’s biggest e-commerce company, said on Thursday third-quarter revenue rose 56 percent, beating expectations as it ......

India factory growth eases to three-month low in January

Manufacturing

01 February, 2018

India factory growth eases to three-month low in January

Indian factory growth cooled to a three-month low in January as weaker domestic demand dragged on output despite firms keeping ......

India's infrastructure output rises 4% in December

Finance

31 January, 2018

India's infrastructure output rises 4% in December

India’s annual infrastructure output grew 4.0 percent in December from a year ago, government data showed on Wednesday.The growth in ......

Sequoia Capital plans $8 bn global fund with eye on diversification

Finance

31 January, 2018

Sequoia Capital plans $8 bn global fund with eye on diversification

Sequoia Capital, an early investor in global tech behemoths like Google Inc and Apple Inc, aims to raise up to ......

South Korea uncovers $600 mn in cryptocurrency crimes

TMT

31 January, 2018

South Korea uncovers $600 mn in cryptocurrency crimes

South Korea has uncovered cryptocurrency crimes worth 637.5 billion won ($594.35 million), which includes illegal foreign exchange trading, a statement ......