After A Big Fall, There Was A Boom In Cryptocurrencies On 21 June 2022, Read 10 Big News From The Business World

The  cryptocurrency market has gained almost 8 percent today, Monday. After a small jump in the crypto market for a long time, the process of big decline continues. 

Mahindra Group Chairman Anand Mahindra, RPG Enterprises Chairman Harsh Goenka and Biocon Limited Chairperson Kiran Mazumdar-Shaw on Monday supported the Agneepath scheme for military recruitment, saying that the scheme will provide employment in the corporate sector to the youth. There are immense possibilities.

Cryptocurrency surge after a major fall

The cryptocurrency market today, on Monday, gained almost 8 percent. After a small jump in the crypto market for a long time, the process of big decline continues. 

Talking about the big cryptocurrencies, almost all the currencies including bitcoin and ethereum are trading on the green mark. There is a slight drop in Tron today.

The sale of Sovereign Gold Bonds started from today

The sale of the next installment of Sovereign Gold Bond (SGB) started from Monday. This opportunity to buy cheap gold will last for the next five days. 

The issue price of gold for this installment has been fixed at Rs 5,091 per gram. This will be the first issue of the current financial year.

Industry came in support of Agneepath scheme

Mahindra Group Chairman Anand Mahindra, RPG Enterprises Chairman Harsh Goenka and Biocon Limited Chairperson Kiran Mazumdar-Shaw on Monday supported the Agneepath scheme for military recruitment, saying that the scheme will provide employment in the corporate sector to the youth.

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There are immense possibilities. Expressing disappointment over the violence against the Centre’s Agneepath scheme, Mahindra said Mahindra Group would welcome trained, capable and young Agniveras to recruit under this scheme.

US to help Pakistan in talks with IMF on stimulus package

The US has agreed to help Pakistan in talks with the International Monetary Fund (IMF) to restart the stimulus programme. 

According to Pakistani newspaper ‘Dawn’, Pakistan and the IMF are yet to reach an agreement to restart the Extended Fund Facility (EFF). 

The newspaper quoted diplomatic sources as saying on Monday that the US has agreed to help Pakistan reach an agreement with the IMF.

Income Tax Department raids Tamil Nadu group

The tax evasion of over Rs 400 crore has been unearthed by the tax department in Tamil Nadu after the recent raids on a group belonging to the liquor manufacturing and hospitality industry. 

The Central Board of Direct Taxes (CBDT) said on Monday that the raids were started on June 15. 

During this search operation was conducted in more than 40 premises of the group located in cities like Chennai, Viluppuram, Coimbatore and Hyderabad.

Yes Bank hikes interest rates on FDs

After increasing the repo rate by RBI, many banks have now started increasing the interest rates on FDs. A new addition to this list is Yes Bank. It has increased the interest rates on FDs below Rs 2 crore. 

The new rates have come into effect from June 18. However, this increase has been made on FDs with maturity from 1 to 10 years. 

Now the bank is giving an interest of 3.25 percent to 6.50 percent on FDs of 7 to 10 days. However, senior citizens will get interest ranging from 3.75 to 7.25 per cent.

Revenue of ‘vehicle ancillary industry’ is expected to grow by eight to ten percent in the current financial year

The vehicle ancillary industry’s revenue is expected to grow by 8-10 per cent in the current fiscal on the prospect of relief from supply-chain constraints and stable demand. 

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At the same time, the expansion parameters of the automotive ancillary industry may also remain at a satisfactory position in 2022-23, rating agency Icra said in a release on Monday. 

According to ICRA, the total revenue of 31 auto component makers grew 23 per cent year-on-year to over Rs 1,75,000 crore in the last financial year.

CBI detains some people in DCGI bribery case

The Central Bureau of Investigation (CBI) on Monday detained some persons at the Drug Controller General of India’s Office (DCGI) in an alleged bribery case of Rs 3 lakh.

Investigating agency officials said the role of Joint Drug Controller S Easwar Reddy in the case is also under investigation. He said that the CBI team allegedly carried out the operation after receiving information about the bribery transaction in which some people have been detained. He said that some places were also searched under this operation.

Retail inflation for agriculture, rural workers rises in May

Retail inflation for agriculture and rural workers rose to 6.67 per cent and 7.0 per cent, respectively, in May on rising prices of certain food items. The Labor Bureau gave this information in a statement on Monday. 

According to this, “Inflation for agricultural labor based on Consumer Price Index (CPI) stood at 6.67 per cent in May, 2022. Inflation for CPI-based rural workers stood at 7.0 per cent in May. In April, 2022, the rate was 6.44 per cent respectively.” and 6.67 percent.”

SEBI imposed a fine of Rs 30 lakh

Capital markets regulator SEBI has imposed a total fine of Rs 30 lakh on Reliance Industries and two individuals for not directly informing the stock exchanges about the Jio-Facebook deal. 

The Securities and Exchange Board of India (SEBI) said in an order on Monday that the information about the Jio-Facebook deal was given in the newspaper without giving direct information to the stock exchanges. 

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