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A high-level government panel had in July 2s019 mooted an outright ban on all forms of private cryptocurrencies. It had suggested a fine of up to Rs 25 crore and imprisonment of as much as 10 years for anyone dealing in them.

Given the bigger reduction in diesel prices, the greater impact will be on logistics costs, reducing the pace of increase in the cost of consumed goods and potentially trimming inflation by around 15-20 basis points, according to Kotak Mahindra Bank. One basis point is 0.01%.

Billionaire industrialist Gautam Adani will be pouring more resources into acquisitions as he doubles down on his bet on the food staples business. He plans to buy manufacturing facilities in food staples and expand them — a playbook he followed in the edible oil business, which today commands a dominant share of India’s organised market.

AAI has also repaid some working capital loans it had taken last year to pay salaries from this one-time payment. The state-owned airport operator had to borrow to pay salaries of employees and took loans in different tranches from the SBI to meet its working capital requirements in 2020-21 as its earnings took a hit from the impact of Covid, Kumar said.

Adams said he will have to convert his dollar paycheck into Bitcoins, as there’s no automatic way for him to receive payment in the digital currency. However, he said he would like to “examine” mechanisms that would allow for direct Bitcoin payments, “so New Yorkers have a choice of how they want to receive their paychecks.”

CDSL said that CVL has taken immediate action and the vulnerability has been mitigated now.

Nifty has high possibilities of inching higher. We can expect stocks from auto, midcaps, financial services, PSE and pharma outperform on a selective basis.

Notwithstanding the uptick in sales, urban markets are still not in line with pre-COVID growth and are on a recovery path helped by the comeback of modern trade channels, e-commerce sales and improvement of mobility as restrictions are eased out, according to Dabur India CEO Mohit Malhotra.

Last month, the company said it has decided not to proceed with the Rs 4,000-crore capital infusion deal led by Carlyle as a legal battle will not be in the best interests of the company and its stakeholders.

In the BSE500 index, over 400 stocks closed in the green, which reflects the dominance of bulls during the week. The biggest gainers and losers of the week also included those that came out with their earnings. The same may continue in the next week, said analysts.