DBS private bank offers wealth succession planning Business 

DBS private bank offers wealth succession planning

By Administrator_ India Capital Sands DBS Group its private banking arm has started offering trust services for cryptocurrencies, helping rich clients include the emerging asset class in their succession plans. This is the latest move into cryptocurrencies by Southeast Asia’s largest bank, which late last year launched a crypto exchange for institutional and other accredited investors. Several other banks around the world are cautiously starting to offer crypto-related services, often to their very wealthy clients, drawn by the recent surge in the price of bitcoin and other cryptocurrencies. Bitcoin has…

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Facebook signs first deal to buy renewable energy from local firm in India Business 

Facebook signs first deal to buy renewable energy from local firm in India

By Administrator_ India Capital Sands Facebook has signed a deal to buy renewable energy in India from a local firm’s wind power project, the social media giant’s first such deal in the South Asian nation, the companies said on Thursday. The 32-megawatt wind power project, located in southern Karnataka state, is part of a larger portfolio of wind and solar projects that Facebook and Mumbai-based CleanMax are working together on for supplying renewable power into India’s electrical grid, they said in a joint statement. CleanMax will own and operate the projects, while Facebook will buy the power off…

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Petrol, Diesel prices remain steady, govt tax collection on fuel swells by 459% in 7 years Business 

Indian Oil proposes sale of hydrogen facilities instead of oil, gas pipelines

By Administrator_ India Capital Sands Indian Oil Corporation is not very keen on selling a stake in its pipelines and has instead proposed to sell some of its hydrogen-producing facilities. Indian Oil plans to hive off some of its hydrogen-producing units and sulfur recovery facilities at its refineries to a separate entity and sell stakes in it to one or more private companies, Economic Times reported, citing sources. Indian Oil, the largest oil refiner and fuel marketer in the country, is also the biggest hydrogen producer in India. Indian Oil…

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PhonePe & Paytm lock horns: Both claim market leadership Business 

PhonePe & Paytm lock horns: Both claim market leadership

By Administrator_India Capital Sands Walmart-owned PhonePe and SoftBank-backed Paytm have both claimed market leadership in February 2021 in India’s intensely competitive digital payments space. While Paytm claimed on March 1 that it has crossed 1.2 billion monthly transactions across payments methods such as Wallet, UPI, cards, and internet banking, PhonePe staked its claim for digital payments market leadership on March 2, with over 1.07 billion transactions across UPI, Cards, and Wallets. While Paytm said this growth came on the back of strong growth in offline payments and financial services, PhonePe…

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Flipkart makes key changes in leadership team ahead of the IPO plan Business 

Flipkart makes key changes in leadership team ahead of the IPO plan

By Administrator_India Capital Sands Flipkart has made key changes to its leadership team as the Walmart-owned e-commerce giant readies for a proposed initial public offering (IPO) by next year. As the firm focuses on building and growing its business further, it has made a few leadership role changes in Flipkart Supply Chain, CDO (category design operations) and M3 (marketing, merchandising, and monetization), and Fintech and Payment Group organizations. Amitesh Jha will be taking up a new role in the CDO and M3 organization. He has been leading the Ekart-Myntra Supply Chain, Jeeves – F1,…

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Jeff Bezos reclaims title of world's richest person after Elon Musk slips Business 

Jeff Bezos reclaims title of world’s richest person after Elon Musk slips

By Administrator_ India Capital Sands Jeff Bezos, who’d held the title for more than three years until last month, reclaimed his No. 1 position with a net worth of $191.2 billion, or $955 million more than Musk Elon Musk’s reign as the world’s richest person was brief. Tesla Inc. shares slid 2.4 percent on Tuesday, erasing $4.6 billion from its chief executive officer’s fortune and knocking him from the top spot on the Bloomberg Billionaires Index ranking. Jeff Bezos, who’d held the title for more than three years until last month,…

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Business 

Bitcoin nears $50,000-mark as it hits a record in weekend action

By Administrator_ India Capital Sands Bitcoin reached a new record on Sunday, rising above $49,000 for the first time. The world’s largest cryptocurrency reached about $49,344 earlier in the day and was around $49,202 as of 10:20 a.m. in London. It’s now up about 70 percent so far this year. Rival cryptocurrency Ether hit a record on Saturday and is up about 150 percent year-to-date. Bitcoin has been buoyed in recent months by endorsements from the likes of Paul Tudor Jones and Stan Druckenmiller. Bloomberg reported earlier that Morgan Stanley may bet on Bitcoin in its $150…

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Business 

Bitcoin hits all-time high after Mastercard, BNY Mellon support crypto

By Administrator_ India Capital Sands Bitcoin jumped to a record high after Mastercard and Bank of New York Mellon moved to make it easier for customers to use cryptocurrencies. The largest digital asset rose as much as 7.4 percent to $48,364, surpassing the all-time high reached Monday after Tesla announced it would hold $1.5 billion of the cryptocurrency on its balance sheet. The wider Bloomberg Galaxy Crypto Index also touched a record. “The crypto-asset world is bursting into the realms of traditional finance at a staggering pace,” said Simon Peters, an analyst…

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Expert Tips in Forex Trading and CFD or OTC Business Business 

Expert Tips in Forex Trading and CFD or OTC Business

Expert Tips in Starting a Forex Trading and CFD or OTC Business with market 24hrs x 365days trading platform There are a lot of options for investments and businesses available worldwide, thus the need for foreign currency never diminishes. Since countries have their own fiat currency, they will always need to trade their local currency when dealing with those based in other countries. Having a business plan is the first step to creating a Forex trading business. This step involves defining your business and coming up with ways on how…

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Asian Stocks Up, Calm Returns After Previous Week’s Government Debt Slide Business 

Exports from UK to European Union down 68% since Brexit trade deal

By Administrator_ India Capital Sands Exports from Britain to the European Union fell by 68% in January as trade was disrupted after the end of a transition period following Britain’s departure from the European Union, according to a trade body representing hauliers. The government did not confirm the data and said disruption at the border had been minimal since Britain completed its journey out of the EU’s orbit at the of 2020 following an agreement on trading arrangements. Since the start of the year, businesses and hauliers have had to adapt to…

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