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How lucrative is investing in cryptocurrencies?

DNMUM398526 | 10/13/2017 | Author : Praveenkumar Vijayakumar | WC :403

Personal Finance

With all the euphoria around bitcoin and cryptocurrencies, majority of the Indian traders and investors are yet to step into the cryptocurrency wagon. Today, cryptocurrencies, led by bitcoin, ether, etc are taking the financial world by storm as more people invest and buy these currencies. Currently, 1.2 million Indians have invested in cryptocurrencies and are starting to look at them as an alternative to gold during market volatility.
India saw a major spurt in the purchase of bitcoins post demonetization. The price of bitcoins surged from Rs 60,000 in January 2016 to Rs 300,000 in October 2017, marking a 500% return on investment. Some part of this price buoyancy in bitcoins can be attributed to market-making initiatives of I
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Dhanteras: Investment or token buy?
DNMUM398793 | 10/17/2017 12:00:00 AM | Author : Kumar Shankar Roy | WC :617

Dhanteras is important for Hindu households and buying gold on this day is considered to be auspucious. Given that gold trades at Rs 30,000 per 10 gram and should be a small portion of your investment allocation, how prudent is it to investment in th
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Consolidation in finserv at an inflexion point
DNMUM398794 | 10/17/2017 12:00:00 AM | Author : G Chokkalingam | WC :449

IndusInd Bank has formally announced the acquisition of Bharat Financial Inclusion. The valuation of this acquisition is over 5 times Bharat Financial’s adjusted book value as on March 31, 2017, and 53 times its net profit in FY2017. Such attractive
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Fireworks on St:Sensex, Niftyscale new highs
DNMUM398798 | 10/17/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :320

Mumbai: The stock markets scaled new peaks in the truncated trading week ahead of Diwali, buoyed by encouraging start to second quarter results, falling inflation and positive comments by International Monetary Fund (IMF) chief Christine Lagarde.
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NIIF, Abu Dhabi ink $1 bn investment deal
DNMUM398799 | 10/17/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :281

Mumbai: The National Investment and Infrastructure Fund (NIIF) announced the signing of an investment agreement worth $1 billion with Abu Dhabi Investment Authority’s (ADIA) wholly-owned subsidiary.
The government of India had set up NIIF as a qu
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