Bitcoin surpasses $40,000 as interest-rate reductions and demand from exchange-traded funds drive the rebound. The token's 2023 jump reaches 142%. The TerraUSD stablecoin collapse and subsequent crypto sector rout occurred before Bitcoin last reached $40,000. The Federal Reserve's expected rate cuts and the potential approval of US spot Bitcoin ETFs by January support the optimism around Bitcoin. The upcoming Bitcoin halving in 2024, along with a maturing industry and widening investor base, contribute to the positive market mood.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nykCAbu
India reduced its GDP emission intensity by 33 per cent between 2005 and 2019, achieving the target 11 years in advance, according to a government report. The report also said India's GDP grew at a cumulative annual growth rate of 7 per cent but its emissions rose by only 4 per cent per year during this period. The report called 'The Third National Communication to the United Nations Framework Convention on Climate Change' will be submitted to the UN climate change body during the ongoing climate talks in Dubai, officials said.
IT firm Comviva has been fined Rs 1 lakh for the delay in transferring unspent corporate social responsibility obligation to the Prime Minister's National Relief Fund, according to a regulatory filing. The Ministry of Corporate Affairs' Regional Director for the Northern Region ruled against Comviva's appeal and upheld the penalty. The delay was due to technical reasons, and Comviva is in the process of depositing the penalty amount with the Ministry of Corporate Affairs.
November GST collections rose 15.1% to Rs 1,67,929 crore, driven by strong domestic demand during the festival season and greater compliance. Integrated GST on imports grew 1.5% to Rs 39,198 crore, indicating a slowdown in goods shipment. Overall, IGST collections rose 12.8% to Rs 87,000 crore, driven by inter-state transactions. Central GST grew 18.5% to Rs 30,420 crore, while state GST swelled 17.1% to Rs 38,226 crore.