Taxes on crypto & fintech trans bring in about $6.8M monthly for Indonesia
Mon, Aug 22, 2022 4:23 PM

Taxes on crypto & fintech trans bring in about $6.8M monthly for Indonesia

Indonesia has accumulated approximately $6.8 million since implementing fintech and cryptocurrency transaction taxes in May. A 0.1% value-added tax (VAT) to purchases of crypto assets was applied by the Indonesian finance ministry on May 1 of this year. The body expressed its confidence that the number would increase because taxing was only getting started.

Open Flip
IMF: Return correlations of BTC, Indian market inc 10X over the pandemic
Mon, Aug 22, 2022 4:12 PM

IMF: Return correlations of BTC, Indian market inc 10X over the pandemic

According to the IMF, since 2020, the returns and volatility correlations between Bitcoin and Asian equities markets have dramatically increased. The return correlations between the Indian stock market and Bitcoin have surged ten times since the pandemic in Asia. According to the IMF, this represents limited benefits of crypto for risk diversification.

Open Flip
ITC stock has spiked on the back of sales and profit growth momentum
Mon, Aug 22, 2022 4:05 PM

ITC stock has spiked on the back of sales and profit growth momentum

The shares of ITC, a diversified fast-moving consumer goods (FMCG) company, logged a spike and attained a new 47-month high on Monday. Since September 3, 2018, the stock had been trading at its highest level. On July 3, 2017, ITC touched a record high of Rs 353. The company achieved this feat on the back of sales and profit growth momentum.

Open Flip
SHIB is currently trading at $0.00001297, down by 17.45% in last 7 days
Mon, Aug 22, 2022 4:02 PM

SHIB is currently trading at $0.00001297, down by 17.45% in last 7 days

Shiba Inu currently trades at $0.00001297. In the last 24 hours, the coin moved 2.03% to the downside and went down by 17.45% in the past 7 days. The 15th largest cryptocurrency by market cap is moving in tandem with the rest of the market. The 24-hour trading volume is at $430 Million, which is a 26.42% decrease in the last 24 hours.

Open Flip
This company is giving 170% dividends
Mon, Aug 22, 2022 3:59 PM

This company is giving 170% dividends

Godavari Power and Ispat Limited have decided to pay 170% dividends to its eligible shareholders. The company's shares closed at Rs 303 on August 19. Godavari Power and Ispat Limited is a small cap company with a market cap of Rs 4,300.94 crore. The company's board has decided to pay a dividend of Rs 8.50 per share with a face value of Rs 5. Its company has set the record date for August 26.

Open Flip
L&T has secured a large order from Indian Oil Corp
Mon, Aug 22, 2022 3:55 PM

L&T has secured a large order from Indian Oil Corp

The hydrocarbon-onshore division of L&T’s energy business has bagged a “large" contract from Indian Oil Corp. (IOC). The engineering and construction giant has classified contracts worth ₹2,500 crore to ₹5,000 crore as “large". It is noteworthy that the Indian Oil Corporation is using the Panipat Refinery expansion project to boost its capacity to 25 MMTPA.

Open Flip
India may ban 300 instant loan apps
Mon, Aug 22, 2022 3:54 PM

India may ban 300 instant loan apps

The government may ban many instant loan apps due to reports of suicides and money fraud in many states of India due to taking loans from such apps. According to the information, hackers access smartphone data from these apps and misuse it. These apps are reportedly being monitored by the Enforcement Directorate, Serious Fraud Investigation Office, IB, R&AW and RBI.

Open Flip
Telangana government launches Web3.0 regulatory sandbox
Mon, Aug 22, 2022 3:50 PM

Telangana government launches Web3.0 regulatory sandbox

The Telangana govt has launched a regulatory sandbox to remove confusion and ambiguity around Web3.0. State IT Principal Secretary Jayesh Ranjan informed that the India Blockchain Forum and Blockchain Center of Excellence of GMR Group have also been launched. For this, GMR Innovex, the innovation vertical of GMR Group, has partnered with Polygon, CoinEarth, India Blockchain Forum and Very Once.

Open Flip
McLaren to foray into Indian market later this year
Mon, Aug 22, 2022 3:48 PM

McLaren to foray into Indian market later this year

McLaren Automotive, a British luxury automobile manufacturer, announced on Monday that it plans to join the Indian market this year by launching its first dealership in Mumbai in October. The Indian market will be the automaker’s 41st pit-stop country. McLaren sells a number of hand-built state-of-the-art supercars made in its UK-based facility.

Open Flip
The Full Self-Driving software of Tesla has been priced at $15,000
Mon, Aug 22, 2022 3:35 PM

The Full Self-Driving software of Tesla has been priced at $15,000

Elon Musk, CEO of electric vehicle manufacturer Tesla, has revealed that after its widespread release, the cost of its Full-Self Driving (FSD) software is expected to spike to $15,000. Musk said that the surged price will take effect in North America on September 5. Musk, in a tweet, revealed that Tesla owners began receiving FSD Beta 10.69 last night.

Open Flip
📢 Benchmark indices closed in the RED on Aug 19; Nifty below 17,500
Mon, Aug 22, 2022 3:33 PM

📢 Benchmark indices closed in the RED on Aug 19; Nifty below 17,500

📢 Benchmark indices closed in the red after a highly volatile session on August 19. 📊 At 3:30 PM, the Sensex dipped by 872.28 points or 1.46% to 58,773.87, and the Nifty declined by 264.90 points or 1.49% to 17,493.55. 👉 Among sectoral indices, NIFTY BANK(🔻1.77%), NIFTY AUTO(🔻1.94%), NIFTY FIN SERVICE(🔻1.94%), etc. saw selling pressure.

Open Flip
Yamaha Motor will campaign to create a pollution-free environment in India
Mon, Aug 22, 2022 3:32 PM

Yamaha Motor will campaign to create a pollution-free environment in India

Two-wheeler manufacturer Yamaha Motor is going to organize environment restoration activities across the country. These cleaning activities have been started under the 'Call of the Blue' campaign on the occasion of Madras Day (22nd August). A top company official said that Yamaha Motor is going to start this special initiative to create a pollution-free environment across the country.

Open Flip
Godrej Agrovet enters into contracts with NE states to grow oil palms
Mon, Aug 22, 2022 3:32 PM

Godrej Agrovet enters into contracts with NE states to grow oil palms

In accordance with the National Mission on Edible Oils-Oil Palm (NMEO-OP) scheme, the diversified agribusiness Godrej Agrovet stated on Monday that it has signed three MoUs with the state governments of Assam, Manipur, and Tripura for the growth and promotion of oil palm farming in the region. Godrej Agrovet is known to collaborate with farmers throughout the entirety of the crop's lifecycle.

Open Flip
The stock of this paper company gave 164% return in 1 year
Mon, Aug 22, 2022 3:25 PM

The stock of this paper company gave 164% return in 1 year

Shares of West Coast Paper Mills (WCPM) rose by more than 5% to reach Rs 585 level, which is its highest level on BSE today. In comparison, the S&P BSE Sensex is down about 1% and remains at around the 59,000 level. During the last six months, the stock of WCPM has given a profitable return of 147 per cent and about 164% in one year.

Open Flip
LIC hikes rates, EMIs to go up!
Mon, Aug 22, 2022 3:21 PM

LIC hikes rates, EMIs to go up!

LIC Housing Finance's prime lending rate has increased by 50 basis points, effective from Monday. The increase in the lending rate is in line with the RBI's 50 basis point hike in the repo rate in the August 2022 policy. As per the increase, house loans tied to the prime lending rate are expected to see an increase in EMIs in the future. The LIC Housing Prime Lending Rate (LHPLR) is now at 15.80%.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon