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Kazakhstan runs short of power due to crypto mining Kazakhstan, a country with a large number of leading crypto miners, is facing a massive power outage. The country is currently importing electricity from Russia at a higher tariff. The government had earlier commented on mining a few weeks earlier saying there is no revenue generation […]
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U.S. Markets Jump Back Up; Omicron Variant Worries Stocks in the U.S. markets moved up and bonds fell as the global market bounced back from Friday’s sell-off. Investors are currently reassessing their worst-case scenarios for the next virus outbreak. The S&P 500 is now in green for the month of November, led by gains in […]
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Asian Paints to invest Rs 960 crore to expand Gujarat unit Asian Paints Ltd has signed a Memorandum of Understanding (MoU) with the Govt of Gujarat, commencing the proposed expansion of manufacturing capacity at its Ankleshwar unit at a total investment of about Rs 960 crore. The manufacturing capacity of paint will go up from […]
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UK Digital services tax targets crypto exchanges According to a report, crypto exchanges in the United Kingdom will have to pay a 2% digital services tax. Britain’s tax authority, HMRC, does not recognize digital assets as financial instruments and therefore exchanges are not eligible for financial exemptions. The digital services tax on revenue was introduced […]
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U.S. Markets Crash Following Others U.S. stocks crashed on opening after a holiday for Thanksgiving. The selloff was spread from global markets with fears that a new coronavirus variant identified in South Africa could pause economic recovery.  Haven assets rallied. Gold moved up, Japanese Yen moved up as the dollar weakened. Stoxx Europe is down […]
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New German government cites crypto in the coalition agreement Three German political parties agreed to a coalition deal this week where they said that they will advocate for an equal playing field between traditional finance and cryptocurrency. The coalition calls for a new “dynamic in relation to the opportunities and risks from new financial innovations” […]
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U.S. Markets closed for Thanksgiving; Futures Gain Global stocks and U.S. index futures moved up with signs of a solid recovery in the world’s largest economy in yesterday’s jobless claims report.  Trading volumes are down around the globe as the U.S. traders celebrate the Thanksgiving holiday. The turnover in Asia’s equity benchmark was 17% lower […]
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JSW Energy’s board approves rejig of renewable, thermal businesses The Board of Directors of JSW Energy Ltd has approved the reorganisation of its green (renewable) and grey (thermal) businesses. All existing and upcoming renewable energy businesses will be housed under JSW Energy Neo Ltd, a wholly-owned subsidiary of the company. This move will help JSW […]

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