The Reserve Bank of India cancelled the banking licence of Paytm Payments Bank Limited, on Friday, ceasing its operations as a bank, effective from April 24. “The Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective…
NEW DELHI: In a major relief, the removal of hypothecation from vehicles will now happen automatically through an online system once loan is fully repaid, saving people from the hassle of multiple visits to transport offices and reaching out to banks. The road transport ministry has rolled out this new system, starting March 1 (Monday),…
For all the focus on bitcoin’s order flow, the event that decides the next move might just be sitting in equities. Major market-maker Wintermute said in a Tuesday note that a catalyst for bitcoin and the broader crypto market is SpaceX’s stock market debut on June 12. The listing is gauge of retail and risk…
Manufacturing activity picked up pace in May, with output growth strengthening and companies stepping up purchases of raw materials. (AI image) Amid the Middle East conflict, India’s manufacturing saw robust growth, with activity gathering momentum in May and expanding at the fastest pace in three months. The growth is supported by robust demand, ongoing infrastructure…
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Key takeaways: Bitcoin’s implied volatility plunged to a multi-month low, signaling that traders expect further price consolidation. Excessive confidence among Bitcoin bears could catalyze a liquidation-driven bull run above $82,000. Bitcoin (BTC) implied volatility dropped to 36%, its lowest level in eight months, signaling that professional traders are pricing in lower odds of wide price…
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