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India’s new cryptocurrency law set to red-flag chit fund, MLM business models India is set to red flag several investment schemes launched by individuals and cryptocurrency exchanges that are similar to chit funds, multi-level marketing (MLM), and systematic investment plans (SIP). The government seeks to build a robust regulatory framework to protect vulnerable rural populations […]
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News Shots  Coal India reported that production in November rose by 4.1% year-on-year to 53.8 MT versus 51.7 MT. Infosys extended its strategic collaboration with Proximus to digitally transform, develop, and maintain their IT applications with leading AI and automation solutions. Maruti Suzuki India reported that total production in November declined by 3.10% to 1,45,560 […]
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U.S. Markets Move Up Again after Gap-Up Stocks move up after dip buyers come into the market after yesterday’s selloff It’s the third straight session with a big move of 1% or more in either direction the S&P 500 rose strongly again. All major sectors advanced, led by gains in some travel companies and banks.  […]
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India’s manufacturing PMI rises to 57.6 in November  India’s manufacturing activity expanded for the fifth straight month in November. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) stood at 57.6 in November, compared to 55.9 in October. Factory orders rose at the fastest pace since February. Strong demand led to higher production volumes, and […]
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