Bitcoin, the biggest and best-known cryptocurrency, has been under pressure from a series of tweets from Tesla boss Elon Musk. Cryptocurrency price declines last week were sparked by Musk's reversal on Tesla accepting bitcoin as payment. His subsequent tweets caused further confusion over whether the carmaker had shed its holdings of the coin. Every time the charismatic billionaire has made a statement about crypto, he’s sparked off financial turmoil. How and why? The video based on Business Standard's Devangshu Datta article "Why cryptocurrency jumps and falls on Elon Musk's tweets" explains in detail. Watch it now.

Story link: https://www.business-standard.com/article/markets/explained-why-cryptocurrency-jumps-and-falls-on-elon-musk-s-tweets-121051801378_1.html

Bitcoin, the biggest and best-known cryptocurrency, has been under pressure from a series of tweets from Tesla boss Elon Musk. Cryptocurrency price declines last week were sparked by Musk's reversal on Tesla accepting bitcoin as payment. His subsequent tweets caused further confusion over whether the carmaker had shed its holdings of the coin. Every time the charismatic billionaire has made a statement about crypto, he's sparked off financial turmoil. How and why? The video based on Business Standard's Devangshu Datta article "Why cryptocurrency jumps and falls on Elon Musk's tweets" explains in detail. Watch it now.

Story link: https://www.business-standard.com/article/markets/explained-why-cryptocurrency-jumps-and-falls-on-elon-musk-s-tweets-121051801378_1.html

Explained: Why cryptocurrency jumps and falls on Elon Musk's tweets

Tata Steel Netherlands will face fines of almost €27 million ($28 million) if it doesn't take measures at its coke plaBy Charlotte Hughes-Morgan

During the insolvency process, the resolution professional had admitted the claims of these four entities as lenders

Transport Corporation of India on Thursday said its lab set up in collaboration with IIM, Bangalore, has received ISO certification for a digital tool that can track greenhouse gas emissions.
The TCI-IIMB Supply Chain Sustainability Lab at the Indian Institute of Management Bangalore (IIMB), founded in collaboration with TCI, has become the first organisation in India to achieve ISO 14083 certification for its groundbreaking digital platform, the Transportation Emissions Measurement Tool (TEMT), it said in a release.
"This certification underscores the platform's ability to accurately quantify and report greenhouse gas (GHG) emissions from freight transportation activities, helping organisations to measure, manage, and ultimately reduce their transportation-related emissions in line with regulatory requirements and sustainability goals," TCI said.
(TEMT) is a comprehensive online platform designed to measure emissions across all modes of transportation.
In India, the transportation

(TEMT) is a comprehensive online platform designed to measure emissions across all modes of transportation

ChatGPT on Mac gets on-screen awareness. Gemini 2.0 Flash Thinking model. Samsung Holiday sale. WhatsApp new features. Lava Blaze Duo 5G sale

Four people, including two children, died in a fire that broke out in a house in the Nayanpur area of Dewas in Madhya Pradesh, an official said.

Delhi chokes under a blanket of toxic smog as the AQI soars to a hazardous 434, prompting health warnings for vulnerable groups and urging residents to remain indoors

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.
The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that.
The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC).
However, the Fitment Committee (comprising tax

Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensation cess regime comes to an end in March, 2026

Funds devolved to states under the 15th Finance Commission (2021-2024) is more than what was devolved under the 14th Finance Commission (2015-20), finance minister Nirmala Sitharaman said on Friday.
In a pre-budget meeting with states, Sitharaman remarked that because of healthy macroeconomic environment, buoyancy and efficiency in the tax collections, the devolution has increased.
"The funds devolved to the states in the last 45 months (April 2021 to December 2024) under the 15th Finance Commission is more than what was devolved in 60 months under the 14th Finance Commission (2015-20)," an official statement quoting Sitharaman said.
The Union finance minister also referred to the Scheme for Special Assistance to States for Capital Investment (SASCI), which was first announced in the Union Budget 2020-21, and acknowledged that it has received a very good response from states.
States have been requesting the Central government to enhance the outlay under the scheme as it is leading

In addition to this, the Union finance minister stated that the Centre has created an additional dispensation under SASCI for the states affected by disaster of a severe nature as assessed by the Inte

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

Explained: Why cryptocurrency jumps and falls on Elon Musk's tweets

Explore News