WazirX Prohibited from Distributing XRP as Indian Court Recognizes Crypto as Property
Simply put On Friday, India’s Madras High Court decided that virtual currencies are considered property protected by the Constitution, halting WazirX’s attempt to redistribute user assets as part of a restructuring plan in Singapore. Judge N. Anand Venkatesh dismissed the exchange’s plan of “socializing losses” and issued an injunction to safeguard 3,532 XRP tokens after […]
Duffy’s Requests Could Have Removed Illegal Trucker from the Road; Indian National Charged with Killing 3 Due to California’s Resistance
Issues with California’s Non-Citizen CDL Process Highlighted After Fatal Crash Transportation Secretary Sean Duffy has raised alarms over “serious non-compliance” with California’s non-citizen commercial driver’s license (CDL) regulations after a tragic accident allegedly involving an undocumented truck driver from India. 21-year-old Jashanpreet Singh was found guilty of three counts of grossly negligent vehicular manslaughter, along […]
Air Quality in Indian Capital Reaches ‘Hazardous’ Levels Due to Diwali Fireworks
Air quality in New Delhi, India’s capital, dipped to “dangerous” levels on Tuesday. This decline was partly attributed to the abundance of fireworks set off during the Diwali festival, as reported by IQAir, a Swiss air quality monitoring company. According to IQAir, New Delhi had the worst air quality of any major city worldwide on […]
Overseas investors become purchasers in the Indian market.
Foreign Investors Shift Towards Buying in Indian Markets Analysts noted on Sunday that foreign institutional investors (FIIs) have notably cut back on their selling activities in Indian markets, even making some purchases in just a few days. FII sales had dipped significantly, falling to approximately Rs 4,114 crore by October 17. Dr. VK Vijayakumar, Chief […]
New York plans to challenge the decision allowing radioactive Indian Point water in the Hudson.
ALBANY, N.Y. — A federal judge recently overturned New York’s Hudson Rescue Act, which aimed to stop Holtec International, the owner of the decommissioned Indian Point nuclear power plant, from discharging over 1 million gallons of radioactive wastewater into the Hudson River. Despite this ruling—and her willingness to consider expanding nuclear energy—Governor Kathy Hochul has […]
Indian regulator is receptive to Emirates NBD buying a share in RBL Bank, sources report.
Mumbai Updates on Foreign Investment in Banking MUMBAI, Oct 14 – India’s central bank is considering the possibility of allowing Dubai’s Emirates NBD (ENBD.DU) to take up management rights for RBL Bank (RATB.NS). This move is part of a broader strategy aimed at attracting foreign investment while bolstering the country’s mid-sized banks, as informed sources […]
Indian student held by Ukrainian forces while battling for Russia to escape incarceration, according to family.
A 22-year-old Indian student, Sahil Majyoti from Gujarat, has reportedly become the first citizen of India detained in connection with the Ukraine war for allegedly fighting to evade Russian prison sentences. Majyoti was captured by Ukrainian forces and appeared in a video that gained significant attention on social media this week. According to Ukraine’s 63rd […]
Security vulnerability on the Income Tax website revealed bank and Aadhaar information of Indian taxpayers
Investment Fund Performance Overview Here’s a snapshot of various investment funds based on a £1000 Systematic Investment Plan (SIP) over different timeframes. HSBC Consumption Fund – Direct Plan – Growth Today’s value: £1000 SIP 3 years: £4,175.80 (47.30%) 5 years: £4,175.80 (47.30%) Start SIP HSBC Infrastructure Fund – Direct Plan (G) Today’s value: £1000 SIP […]
Revolut plans to challenge Indian banks and their high forex charges.
Revolut Launches in India: A New Player in Cross-Border Payments British fintech company Revolut has officially launched in India, targeting a significant gap in the country’s cross-border payment services. Reports indicate that Indians spend about $30 billion abroad each year, with an estimated $600 million lost to bank fees. This situation has led to some […]
Indian Politician Encourages Indians in the U.S. to Advocate Against Trump’s Tariff and Visa Policies
Calls for Protection of Indian Workers in the US Senior Indian politicians are emphasizing the importance of safeguarding the growing population of workers and legal immigrants from India in the US, suggesting it aligns with India’s strategic interests. “Silence is an accomplice,” remarked Shashi Tharoor, a British-born politician leading the Parliamentary Standing Committee on Foreign […]