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Supreme Court's verdict on Wednesday enabling state governments to tax mining and related activities retrospectively with respect to transactions made after April 1, 2005, could have a far-reaching impact on input costs across the economic value chain and create stresses in federalism. The most affected area would be electricity, where the higher cost of mining coal would eventually feed into prices overall. If tariffs are deliberately suppressed for political reasons, as the historical record suggests, stress will grow in the power industry, affecting capacity building. Majority of the country's states are coal-deficient and will make a case for higher imports, thereby affecting the country's trade balance. Although most of these effects will show up over time, and can be mitigated with policy correction, retrospective tax on minerals could have a more immediate impact on the health of mining companies and supply-side inflation.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

China says it will restrict exports of a mineral used in a wide range of products from batteries to weapons

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

The NSE Nifty 50 index ended 0.02% higher at 24,143 points, while the S&P BSE Sensex added 0.19% to close at 79,105.

Indian 3 will be a back story to the two released Kamal Haasan films, a prequel to Kannada hit Kantara is in the works. Jigarthanda DoubleX, a 2023 Tamil-language action drama, was a spiritual successor and prequel to Jigarthanda released in 2014. Trade experts say the trend tries to cash in on the formula of franchises that are a bigger draw after the pandemic than new and fresh stories.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

National Bank of Canada’s co-head of U.S. fixed income sales and trading, Noel Heavey, has left the firm, according to people familiar with the matter.

The share allotment of Saraswati Saree Depot IPO is likely to be finalised tomorrow. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

The Ecuador Central Bank has warned citizens about the dangers of crypto as Worldcoin (WLD) adoption continues to increase in the Latin American nation.

Binance has registered with India’s virtual digital asset (VDA) monitoring agency FIU-IND after paying a penalty of Rs 18.82 crore, lifting a seven-month ban on its website and mobile application in India. Binance registration with the Financial Intelligence Unit (FIU-IND) marks its 19th global regulatory milestone, the company said in a statement on Thursday. “Recognising the vitality and potential of the Indian VDA market, this alignment with Indian regulations allows us to tailor our services for Indian users,” said Richard Teng, chief executive of Binance. “It is a privilege to extend the reach of our cutting-edge platform to this thriving market, supporting India’s continued VDA evolution.”

Sotheby’s, the 280-year-old British auction house, is auctioning off a Beeple and Cryptopunk non-fungible token (NFT) at its Digital Art Day Sale which goes live today.

With their high liquidity and transparency, they allow investors to tap into precious metals' enduring value, mitigating market fluctuations risks and ensuring a balanced investment strategy. Over time, and with the advent of Exchange Traded Funds (ETFs), investing in precious metals like gold and silver has become more accessible, lower cost, and efficient for individual investors. In fact, Indian investors have already put in over Rs 40,000 crore in gold and silver ETFs.

market volatility has been spurred by a confluence of factors. Weaker-than-anticipated US economic data has ignited concerns about a potential recession, with market estimates now placing its likelihood at 30-35%, a significant increase from the less than 10% projection in June 2024. Adding to the turbulence, the surprise rate hike by the Bank of Japan and the subsequent reversal of yen carry trades have exacerbated market uncertainty. The Indian Rupee has borne the brunt of this volatility, hitting near all-time lows and breaching its previous October 2022 record of INR 83.5. While the Rupee has depreciated in the short term, it has exhibited relative stability compared to other emerging and developed market currencies over the past six months. INRperformance V/s Emerging Market Currencies (YTD INR depreciation~1% v/s other EM currencies ~4-10% depreciation)

The Indian stock market is counted as one of the world’s best-performing markets. The NSE today is the second fastest-growing stock exchange in the world besides being the world’s third largest Stock Exchange in terms of equities. BSE is the 11th largest stock exchange in the world besides being cited as the world's best performing shares market. The stature of the bourses has elevated the position of the Indian stock market on the world map.

SpacePay simplifies point-of-sale (POS) operations for merchants through its simple-to-use application. It allows customers to buy goods and services with cryptocurrency, while the merchant receives funds in their local currencies.

Dell Technologies, the Delaware Supreme Court ruled on Wednesday, rejecting arguments that the payment was a windfall. The fee is one of the largest ever for U.S. shareholder litigation. A Delaware trial court is weighing two other requests for huge legal fees, both in cases involving Tesla, and the ruling contained language that might be seen as helpful for the carmaker's efforts to fight those fees.

Cisco Systems said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus on high-growth areas such as AI and cybersecurity. Shares of the company were up 5% in extended trading after it forecast upbeat current-quarter revenue. «Inventory digestion is complete and we're now returning to a more normalized demand environment,» CEO Chuck Robbins said on an analyst call.

BEIJING — China's latest efforts to stem a bond market rally reveals wider worries among authorities about financial stability, analysts said.

The federal government wants to make it easier for employees to quit a job and work for a competitor