Finance

May 1, 2024 4:34 PM

GST collection for April 2024 highest ever at Rs 2.1 lakh crore

Gross Goods and Services Tax (GST) collections surged to a record high of Rs 2.10 lakh crore in the month of April, registering a 12.4 per cent year-on-year growth. The Ministry of Finance attributed the rise in GST collection to a robust uptick in both domestic transactions, up by 13.4 per cent, a...

May 1, 2024 3:42 PM

Crypto washout sends bitcoin below $58,000 ahead of Fed decision

Bitcoin slid by almost 6 per cent on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later. The value of the world’s most traded cryptocurrency fell by ne...

May 1, 2024 11:37 AM

Foreign portfolio investors turn net sellers in Indian stocks in April

Foreign portfolio investors (FPIs) offloaded Indian stocks in April, following two consecutive months of being net buyers. The ongoing geopolitical crisis in the Middle East, coupled with the strength of US bond yields, likely pushed investors to withdraw funds from their portfolios. Foreign portfo...

April 30, 2024 5:53 PM

Global gold demand stays strong, supporting record-high prices

The allure of gold remains unwavering as global demand for the precious metal surged 3% year-on-year to 1,238 tonnes in the first quarter of 2024, according to the World Gold Council's latest Gold Demand Trends report. This marks the strongest first-quarter demand since 2016, defying the record-high...

April 30, 2024 5:52 PM

Binance’s CEO Zhao faces sentencing over money laundering violations

The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws. U.S. prosecutors have told District Judge Richard Jones in Seattle that they want Changpeng Z...

April 30, 2024 3:17 PM

TON takes off on Telegram tie-up

A coin called TON has leapt in value in recent months, with investors betting its integration with messenger service Telegram could bring the cryptocurrency to the app's estimated 900 million users. Telegram endorsed TON in September last year, saying the blockchain and associated token woul...

April 25, 2024 11:27 PM

President of Nepal inaugurated Himalayan Hydro Expo 2024 in Kathmandu today

On the eve of the Investment Summit in Nepal, the Independent Power Producers' Association Nepal organised the Himalayan Hydro Expo 2024. The Expo was Inaugurated today by President of Nepal Ram Chandra Paudel in Kathmandu. The head of the State expressed that there are huge possibilities in Nepal t...