Search Results for: mutual fund

Indian Rupee depreciates further: 1 US dollar equals 80 rupees

As predicted earlier, the Indian rupee on Tuesday crossed Rs 80 for a US dollar. The fall in rupee's value is owing to multiple factors like Russia-Ukraine war, outflow of foreign institutional investors and others, said experts.

Jul 19, 2022

Online interior design startup Modsy shuts down, lays off employees

Crypto exchange Gemini lays off 7% of employees in 2nd round

After terminating nearly 10 per cent of staff some time back owing to "turbulent market conditions'", crypto exchange Gemini has laid off more employees in the second round of layoffs.

Jul 19, 2022

Another startup Modsy shuts down, lays off all employees

Online interior design services startup Modsy has quietly shut operations and several customers have been left with unfinished renovations and project orders in process.

Jul 18, 2022

RBI, Bank Indonesia to cooperate against money laundering, terror financing

The Reserve Bank of India (RBI) on Saturday said it has signed an MoU with Bank Indonesia (BI) to improve mutual cooperation between the two central banks.

Jul 16, 2022

Bank unions to start Twitter campaign against privatization of government banks

A day ahead of the start of the Parliament's Monsoon session, the United Forum of Bank Unions (UFBU) has given a call for a campaign on Twitter against privatisation of government banks, a top union official said.

Jul 16, 2022

Sri Lanka faces shutdown without stable government: Central banker

The governor of Sri Lanka's central bank, Nandalal Weerasinghe, has warned that the country may shut down if no stable government is formed soon, local media reported.

Jul 15, 2022

Crypto crash continues, lending platform Celsius Network files for bankruptcy

Cryptocurrency lending company Celsius Network, that recently laid off 150 employees, has now filed for bankruptcy in the US amid extreme market conditions.

Jul 14, 2022

Andaman journalist arrested by the police over his tweet

Drug peddlers' gang posing as nomads caught; K'taka Police bust inter-state operation [details]

The Karnataka Police on Wednesday said that it has busted an inter-state gang of drug peddlers who posed as nomads.

Jul 13, 2022

Kenya, UNICEF deploy therapeutic food to avert childhood malnutrition

Kenya's Health Ministry and the UN children's fund (UNICEF) have started deployment of ready-to-use therapeutic food to four drought-stricken counties to help avert severe malnutrition among children.

Jul 13, 2022

I2U2: India, Israel, UAE, US leaders' virtual summit on July 14; PM Modi confirms participation

Prime Minister Narendra Modi has confirmed his participation in the first I2U2 leadership summit to be held virtually on Thursday.

Jul 12, 2022

Global regulator for banks red-flags crypto-assets such as Bitcoin

Bitcoin likely to hit record-low of $10K per digital coin soon: Experts

As Bitcoin hovers below $20,000 per digital coin, industry experts fear that the leading cryptocurrency may tumble to $10,000 soon.

Jul 12, 2022

Another Rs 1,200 cr vanishes from BYJU'S funding round: Report

A whopping Rs 1,200 crore from a US-based company, recently announced by BYJU'S as a funding round, has gone off track, according to a media report.

Jul 11, 2022

Speaker Mahinda Yapa Abeywardena to take over as Sri Lanka President until all-party govt is formed

To end the current political crisis in Sri Lanka based on the decision taken by the leaders of the majority parties, the Speaker of the Parliament is set to ask President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe to step down from their posts to make way for an all-party government.

Jul 9, 2022

Twitter buyout deal: Musk to pay $1 bn as deal termination fee to Twitter

Tesla CEO Elon Musk, who has cancelled the $44 billion Twitter buyout deal, will have to pay $1 billion in termination fee to the micro-blogging platform.