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.