The rapid formalisation of the economy is widely believed to have a short-term adverse effect on small industries and unorganised trade, which account for a pretty large part of India’s industrial output and income generation. But this has made banking services accessible to large segments of the micro, small and medium enterprises (MSMEs), and would […]
Bitcoin network computing power or mining hash rate is expected to have reached an all-time high on Christmas. It is expected that it has created more pressure on miners amid a slump in profitability, stated Cointelegraph. With insights from Blockchain.com, on December 25, 2023, Bitcoin’s hash rate reached an all-time high of 544 exahashes per […]
No-frills airline SpiceJet on Friday reported a higher net profit of Rs 107 crore in the three months ended December 2022, helped by better performance in passenger and cargo businesses. The carrier had a net profit of Rs 23.28 crore in the year-ago period. In the third quarter of the current fiscal, the airline’s net […]
Indian equity indices opened in red on Wednesday amid negative sentiment in global markets. The BSE Sensex fell 78.69 or 0.13% to 61,215.51 and NSE Nifty dropped 20.05 points or 0.11% to 18,212.50. The top Nifty gainers were IndusInd Bank, Britannia, BPCL, Sun Pharma and Asian Paint while the top losers were Hindalco, ONGC, JSW […]
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