Gold Silver Reports (GSR) – If You Are Holding Bitcoins In India, Here’s What You Can Do – The Reserve-Bank of India had asked them to stop providing services to firms and individuals who deal in bitcoins and other such virtualMoney. And exchanges got no relief from the Supreme Court. While a bench headed by Chief Justice Dipak Misra agreed to hear the petition by the Internet and Mobile Association of India on July 20, it said the RBI’s order will be implemented.
Money Market
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Bitcoin Debate’s Defeated Bear: Digitized Gold ‘Only Type of Crypto That Can Succeed’
Gold Silver Reports (GSR) – Bitcoin Debate’s Defeated Bear – The two financial thought leaders debated about the top cryptocurrency Bitcoin (BTC) and its underlying-technology blockchain, questioning the potential for mass adoption, and comparing Bitcoin and other cryptocurrencies with other asset types such as fiat money and gold.
Money Market : Sensex, Nifty Extend Losses; PSU Bank Index Drops 2%
Sensex, Nifty Extend Losses; PSU Bank Index Drops 2% ✅ Indian equity benchmarks extended decline led by HDFC twins, Reliance Industries and ITC. ✅ The S&P BSE Sensex …
Reliance Jio Makes Big Inroads In Rural India
Gold Silver Reports (GSR) – Reliance Jio Makes Big Inroads In Rural India – Reliance Jio Infocomm Ltd. added the highest number of rural users among rivals in April as billionaire Mukesh Ambani’s upstart grows beyond cities riding on the success of its low-cost JioPhone.
Domestic-Oriented Stocks In India May Find Investor Interest: DBS Bank
Domestic-Oriented Stocks In India May Find Investor Interest: DBS Bank………… Trade tensions will impact markets more than actual economies in the short term, Taimur Baig, Chief Economist at DBS Bank told BloombergQuint in an interview.
Trade War Hits Stocks as $8 Trillion in Bear Market
Gold Silver Reports (GSR) – Trade War Hits Stocks as $8 Trillion in Bear Market — The MSCI Emerging Markets Index sank to the lowest in 10 months, while 18 out of 24 currencies tracked by Bloomberg fell. The Shanghai Composite Index has tumbled 20 percent from its peak in January, with China joining nations such as Turkey and Pakistan in crossing that threshold. The risk premium on sovereign bonds over U.S. Treasuries widened.
Abandoned Power Plant a $38 Billion Warning Sign for India Banks
Gold Silver Reports (GSR) – Abandoned Power Plant a $38 Billion Warning Sign for India Banks — Like many of India’s power stations, the Jharkhand project had all the markings of success when a group led by State Bank of India lent about $700 million five years ago to build it. There’s abundant coal and water in the area, a rail track was set to run through the premises, and its promise of 1,080 megawatts of electricity was alluring in a country that faces persistent power shortages and blackouts.