Business News: The rupee gains 46 paise to 78.94 against the US dollar in early trade, ahead of the Reserve Bank of India’s policy meeting outcome. At the interbank foreign exchange, the rupee opened at 79.15 against the American dollar and then touched 78.94, registering a gain of 46 paise over the last close. The Indian rupee was down by 25 paise to close at 79.40 … [Read more...] about Indian Rupee gains 46 Paise to 78.94 against the US dollar ahead of the RBI policy outcome
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Elon Musk’s Tesla has sold 75% of its Bitcoin & added $936 million in cash
Elong musk Tesla sold 75% of Bitcoins and added $936 million in cash to its balance sheet in the second quarter, Q2 this year, as it dealt with an economic meltdown amid crypto-currencies falling off the cliff. Tesla made a $1.5 billion investment in Bitcoin and announced that it would accept Bitcoin as payment, last year. In the second phase or quarter of the earnings, … [Read more...] about Elon Musk’s Tesla has sold 75% of its Bitcoin & added $936 million in cash
Netflix OTT Platform lost nearly One Million paid subscribers
Technology: Previously, Netflix has loses its subscribers in the first quarter. In the second phase, Netflix announced that it lost nearly one million paid subscribers in the second quarter of this year. In the reports of second-quarter earnings, the company revealed that it has lost 9, 70,000 subscribers and that is a lot more than the 2, 00,000 member decline from the … [Read more...] about Netflix OTT Platform lost nearly One Million paid subscribers
Blockchain platform 5ire raises $100 mn, becomes 105th unicorn in India
Blockchain platform 5ire raises $100 mn, becomes 105th unicorn in India Business News: The startup blockchain platform 5ire raises the funding of $100 million from the UK-based conglomerate SRAM & MRAM and becomes the 105th new unicorn in the country. The Indian Startup 5ire was founded by the Indian Origin entrepreneurs Pratik Gauri and Prateek Dwivedi along with … [Read more...] about Blockchain platform 5ire raises $100 mn, becomes 105th unicorn in India
Indian Rupee hits all-time low of 80 against US dollar
Indian Rupee hits all-time low of 80 against US dollar Business News: With the new record law, the Indian rupee declined to 80.0125 per US dollar, after two consecutive days. The currency has been strike by nearly $30 billion of foreign outflows from the nation’s equities. Sensex was at 54,389.79 points and down to 131.36 points or 0.24%, while Nifty was at 16,252.95 points … [Read more...] about Indian Rupee hits all-time low of 80 against US dollar