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Cryptocoin

Bitcoin Price Drops Nearly 1000 Points in Last Hour Crypto Trading

Major Crypto ‘Bitcoin‘ fell nearly $3000 within a day . And in last hour of trading ‘Bitcoin’ price sharply crash more than $1000 from the range of $11.900. Currently Bitcoin trading at $10,879 . After the Coinbase shut down news (a San Francisco based platform which is among the most popular of Cryptocurrency exchanges) , Bitcoin price slash from its mid-term highest range.

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Cryptocoin

Bitcoin VS Facebook’s Libra Digital Coin : 5 Key Differences

What is Facebook’s Libra ?

Social Network giant Facebook is set to launch its own virtual Currency “Libra” next year enabling users to transact through a digital wallet on Whatsapp and Facebook Messenger . The American company Facebook has floated an independent subsidiary ‘Calibra’ for its Bitcoin business . Separately, it has formed a Libra association for the Cryptocurrency with 27 members including Master Card, PayU ,Paypal, Ebay and Uber to ensure the virtual currency is accepted by merchants across the World.

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Finance

Jet Airways Share Price Upsurge After NCLT Order of Insolvency

Jet Airways Stock Price Update

India’s top bankruptcy court , The National Company Law Tribunal (NCLT) , accepted an insolvency petition against Jet Airways Limited filled by its creditors as they attempt to recover some of their dues . The Jet Airways insolvency process will allow lenders to sell the company as a whole or in parts, laying out a fixed timeline for a resolution around its future.

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Finance

Rupee Open Flat at 69.45 against Dollar on Wednesday Morning Forex Trade

RupeeVSDollar Price Updates

The Indian Rupee open flat at 69.45 against US Dollar on early morning forex trade . In line with strong Asian currencies and rally in the domestic equity market , the Indian Rupee ended 21 Paisa higher at 69.44 against USD on June 11. USD-INR expected to quote in the range of 69.20 to 69.90 in coming days.

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Finance

Dow Opens Higher Due to Mexico Relief ; Wall Street Cheers

Wall Street Cheering Mexico Relief

US stocks opened higher on Monday opening trade after the United States abandoned plan to impose tariffs on Mexican goods. Mexico relief is one of the most important reason of today’s stock upsurge. While a multibillion dollar deal between United Technologies and Raytheon added more sugar to the Wall Street cheer.

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Business

Cognizant Appoints Brian Humphries as New CEO, Quarterly Earning Beats Estimates

Cognizant Quarterly Earnings Beats Estimates

On Wednesday’s earning report Cognizant Technology Solutions Corp beats Wall Street estimates for quarterly revenues . The Consulting and Outsourcing services provider Cognizant reported net income of  $ 648 Millions on the fourth quarter ended 31st December 2018. Revenue rose to $4.13 billion from $3.83 billion and narrowly beat the average analyst estimates of $4.11 billion. (IBES Data )

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Business

RBI Scales Down Printing of Rs.2000 Rupee Note : Finance Ministry Official

RBI Rs.2000 Note Printing News 

Two years after demonetization ,The Reserve Bank of India (RBI) has scaled down the priniting of Rs.2000 Indian Currency note . According to news agency PTI, Finance ministry official said that the printing of 2000 rupee notes has been reduced to the ‘minimum” by Reserve Bank .

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Business

Rupee proceeds with fall, hits life-time low of 69.13

Rupee proceeds with fall, hits life-time low of 69.13

Rupee proceeds with fall, hits life-time low of 69.13

Rupee proceeds with fall : The offers of Indian IT organizations ascended on Friday with the fifty-scrip Nifty climbing 1.6 for each penny, after the rupee hit record low of 69.13 for every US dollar.

Rupee proceeds with fall, hits life-time low of 69.13
A mad rush for dollar was witnessed as importers expected further erosion in the rupee value.

The proceeding with fall of the rupee comes after the Chinese national bank debilitated its every day reference rate for the yuan. The yuan tumbled to 6.7943 for every dollar, its least level in multi year in the midst of an exchange war between the United States and China.

The rupee’s last life-time low of 69.095 was addressed June 28.

The United States is the greatest market for Indian programming administrations exporters.

While offers of Infosys Ltd rose 3.4 for every penny, Tech Mahindra Ltd ascended by 2.9 for each penny. Goodbye Consultancy Services Ltd, the India’s greatest IT organization by showcase capitalisation, roses 0.84 for every penny, while HCL Technologies Ltd climbed 2 for each penny. Wipro Ltd, which will report its June quarter comes about later in the day, rose 1.7 for each penny.

Dealers checking the local securities exchange are careful of the Reserve Bank’s mediation to keep a sharp fall in the money.

A frantic scramble for dollar was seen as shippers expected further disintegration in the rupee esteem, forex merchants said.

The more extensive NSE record was up 0.1 percent. The benchmark BSE Sensex ascended by 71.68 focuses, or 0.20 for every penny, at 36,422.91 in early exchange today.

AZAD HIND NEWS

(This Story Originating From INDIATODAY)

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