Business news, Bitcoin value crosses $94,000

Indian Britain

Simply Easy Trade India-UK Talks Resume

Talks between India and Britain on a free trade agreement will begin early next year, British Prime Minister Keir Starmer has said. Prime Minister Modi and Starmer met on the sidelines of the 'G-20' summit in Brazil and discussed the free trade agreement.

Starmer told Prime Minister Modi that he wants to establish a very close trade relationship with India. Bilateral talks on a free trade agreement began in 2022. After 13 rounds of talks, the 14th round of talks was interrupted by general elections held in Britain and India.

SEBI calls for revision of rules for small-scale IPOs

In order to increase the security of investment by stock market investors, SEBI is planning to tighten the rules for new issue of shares by small-scale companies. It has been suggested to fix the minimum amount for new issue of shares by small-scale companies at Rs 10 crore.

SEBI is also planning to increase the application fee from Rs 1 lakh to Rs 2 lakh; it has invited comments on increasing it to Rs 4 lakh.

In the last two years, IPOs by small-scale companies have increased.

As of October 15, 159 companies have raised Rs 5,700 crore in IPOs in the current financial year.

Adani Group to build trade centre in Mumbai

Adani Group plans to build an international trade centre in Mumbai, on a par with Reliance Group's Jio Trade Centre. At a cost of around Rs 17,000 crore, it will be Mumbai's largest international centre, located near the airport.

The design of the centre has been approved by the Mumbai Metropolitan Region Development Authority. The final building plan approval is expected to be received in the next two months. The Adani centre will be spread over 1.5 million square feet and will have a capacity of 20,000 people.

It will have 275 rooms, a hotel and 3 million square feet of parking.

The value of Bitcoin, which reached $90,000 for the first time last week,

Crossed $94,000 yesterday, reaching an all-time high. With this, the total value of the cryptocurrency market has crossed 250 lakh crore rupees.

The cryptocurrency market, which started to improve after Trump won the US presidential election, continues to continue on an upward path as the activities of his government gain momentum.

The market is excited with the hope that the new US government will support the cryptocurrency business.

The news that there is a talk of buying the crypto company 'Bakht' by Trump's social media company 'Truth Social' has also created a favorable environment for the cryptocurrency business.

Comments

No tax on gold, gold prices plummet

New Delhi, Aug. 13-Gold prices fell by nearly two percent in the international market yesterday after US President Trump announced that there would be no tax on gold. Gold price gold price fall reasons The US Customs Department issued a statement last week that the tax would also apply to gold bars . Following this, prices rose sharply. The price of one ounce of gold, i.e. about 28.35 grams, reached a new high of Rs 3 lakh. White House sources said at the time that the tax would be applicable and that an official clarification would be made soon. Following this, Trump announced on his Truth Social social networking site the day before yesterday that 'there will be no tax on gold '. This announcement allayed investors' fears regarding price hike, leading to high selling of gold. Following this, the price of one ounce of gold fell below Rs 2.90 lakh. The international market situation was also reflected in India. In the last 2 days in Chennai, the price of 22-ka...

At one time, the tax rate in India was 97.50

Many feel that foreign countries tax the rich very heavily and India does not. But did you know that at one time India had to pay 97.50 percent of income tax? Indira Gandhi What is the historical tax rate in India Debates such as distribution of wealth and introduction of inheritance tax have arisen and are currently being discussed in a frenzy. But, in our country, 50 years ago, maximum tax was collected up to 97.50 percent. There was such a period in India. During Indira Gandhi's tenure as Prime Minister, income tax in India was as high as 97.50 percent. However, this collection came to an end shortly after. Indira Gandhi saw taxation as an important mechanism to balance income and wealth. Based on this, in February 1970, he presented the budget in Parliament and addressed it. Social welfare was the theme of the budget. Since the green revolution was taking place, various announcements related to the agriculture sector were included in the budget. A huge sum...

This gold price is not permanent.

This gold price is not permanent, but when people think of a problem in the country, they buy gold first. It is good to buy as much as needed, but buying too much is foolish. When there is a famine, the things they buy are food, clothing, and money. If we don't have money, it is difficult to sell gold for urgent needs. Gold price Gold market crash history Will there ever be a situation where gold , which has been rising very, very rapidly in a short period of time, will become a commodity? Studies on gold say that it may come. If we look at the price of gold over the past 50 years, rather than just 10 or 20 years, it seems that what you are saying has happened. That is, in September 1980, the price of 1 ounce of gold touched $666. 19 years later, in September 1999, the same 1 ounce of gold was sold for $255. A 62 percent decline. An ounce did not touch $666 again until 2007. That is, 27 years later. Next, in 2012, 1 ounce of gold touched $1,772. But, in just three ye...

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