Asia

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IDBI Bank shares fall over 3% after RBI levies Rs 3 crore fine

The RBI's penalty will not have any material impact on the bank, IDBI stated in a filing to the Bombay Stock Exchange. But the bank's shares slipped to a one-week low.

Apr 12, 2018

Bitcoin, Ethereum are types of cryptocurrencies available

What is bitcoin worth? Barclays has an answer to that

The Barclays model divides the pool of potential bitcoin investors into three groups: susceptible, infected and immune.

Apr 12, 2018

Once-surging crypto stocks face delisting: Is bitcoin mania over?

With bitcoin prices on a decline, the fun seems to be coming to an end for many of the stocks, which have lost steam in recent months.

Apr 12, 2018

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Gold price touches one-week high amid geopolitical tensions

Geopolitical tensions and the US inflation data had an impact on traders' sentiments, resulting in an increase in the demand for the safe-haven metal in the global market.

Apr 11, 2018

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China opens up auto, financial sectors as Trump tariff war shows results

With the current move, foreign financial institutions will get the chance to compete with domestic players in market whose size is estimated at $40 trillion.

Apr 11, 2018

Out of favor Bitcoin finds another critic: The World Bank

The World Bank has cautioned the banking sector against Bitcoin business saying it is "dangerous" to the global financial system.

Apr 11, 2018

Cryptojacking surges 4000%: Is someone using your phone to mine cryptocurrency?

The emergence of a multitude of new cryptocurrencies that can be mined by average computers has contributed to the widespread abuse of currencies.

Apr 10, 2018

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Go gold: 3 gold investment schemes backed by Indian government in 2018

There's no better way of investing in gold than through the government-backed methods. Know more about Gold Monetization Scheme, Sovereign Gold Bonds Scheme, and Indian Gold Coin.

Apr 10, 2018

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Looking for best stock market bets, watch Indian shoppers

Analysts are bullish on consumer staples and branded goods as the government starts to spend more in villages to boost farm incomes before next year's elections.

Apr 10, 2018

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Decent debut for Lemon Tree Hotels: Shares close 29 percent higher

Shares of Lemon Tree Hotels made a strong debut on the exchanges on Monday with a premium of 10 percent.

Apr 9, 2018

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Petition against India's crackdown on cryptocurrencies gains 17,000 signatures

According to the petition, the RBI's decision could lead to an increase of irregular cash trading of cryptocurrencies in India.

Apr 9, 2018

RBI's cryptocurrency clampdown: What happens to your Bitcoin investment?

The government has already cautioned the public over cryptocurrencies, and the RBI has declared that it does not consider bitcoins and others as legal tender.

Apr 9, 2018

Following RBI's crackdown, cryptocurrency exchanges look to shift base abroad

The Reserve Bank of India has banned all financial firms from dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies.

Apr 9, 2018

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Markets weekahead: U.S. trade war, macro data, Zuckerberg testimony

The Indian markets will focus on macro-economic data, fourth-quarter earnings and Facebook CEO Mark Zuckerberg's testimony to Congress in the coming week.

Apr 7, 2018

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Is RBI planning to launch its own cryptocurrency code-named Lakshmi?

If introduced, Lakshmi would run on an implementation of the blockchain technology, which is the backbone of digital currencies like bitcoins.

Apr 6, 2018

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