Stock Market Updates

  Cryptocurrencies are subject to patchy regulation across the world, with traders of bitcoin and the panoply of smaller tokens typically unprotected against price slumps Nofe Isah, a 25-year old based in Nigeria, has been investing in crypto since January. Last week, she lost all of her $5,000 in savings as  cryptocurrency  luna went into free fall. Isah, a recently unemployed administrative officer, vowed she would never invest in crypto again. “I can’t believe I fell for crypto,” she told Reuters by phone. “I’m just trying not to get myself depressed. Crypto has taken my money, fine. It shouldn’t take my head.†The crypto market, known for its wild price swings, slumped last week as investors yanked money from riskier assets amid worries over soaring inflation and rising interest rates. Bitcoin, the world’s largest cryptocurrency, fell as low as $25,401 on Thursday, its lowest since Dec. 2020. It hit a record high of $69,000 in November. Small tokens were hit too, wit...

Loss-making national carrier Air India was privatized last year. And the government is going ahead with LIC disinvestment this year. Find out the difference between these two terms The government sold Air India to the Tata group for Rs 18,000 crore last year. It got just 15% of the total amount while the rest went to the debtors. The Centre had been trying to offload its entire stake in the airline for years. And after the nod of the Cabinet Committee on Economic Affairs, the government is now taking LIC to the primary market to divest some of its stakes. The government says that it just wants to go for an IPO and not for privatisation. We have also heard our Prime Minister Narendra Modi saying that, “The government has no business being in business”. So the government’s intentions on privatisation and disinvestment are very clear. But are these two terms different? Let us start with disinvestment. It means the government or an organisation is liquidating or selling its stake in a comp...

India emerged as the fastest-growing crypto market in the world this year. A Bill to regulate it remained a work in progress. So, what's puzzling the government? And how was the year 2021 for cryptos? Another year has gone by without India getting a firm hold over how to regulate cryptocurrencies. The divide between the government and the Reserve Bank of India persists. The RBI is concerned that cryptocurrencies pose financial risks to the country’s macroeconomic stability. The government, however, is reportedly looking at a more accommodative approach, rather than a ban on all private cryptocurrencies. We don’t know yet what’s inside the proposed Bill to regulate cryptocurrencies. But Indian crypto exchanges have revealed the questions they’re being asked by the government. Broadly, the conversation over how to regulate crypto is around these queries. Which is the best authority to regulate crypto? SEBI, RBI or even the International Financial Services Authority (IFSC) in Gujarat’...