Tag Archives: Firm

US Imposes Sanctions On Digital Currency Mixer Firm Tornado Cash

US imposes sanctions on virtual currency mixer Tornado Cash The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A cryptocurrency mixer, also known as a cryptocurrency tumbler service, is a company that combines various cryptocurrency… Read More »

Beauty Firm Nykaa’s Quarterly Profit Jumps 33.2%

Nykaa’s parent company reported a 33.2% rise in first-quarter net profit on Friday. Bengaluru: The cosmetics-to-fashion retailer Nykaa’s parent company reported a 33.2% rise in first-quarter net profit on Friday, boosted by strong demand for its products. Consolidated net profit for FSN E-Commerce Ventures Ltd stood at 45.5 million rupees ($574,582.01) for the quarter ended… Read More »

Government Issued 105 Blocking Orders To Social Media Firm Under New IT Rules

Government has issued 105 directions to social media platforms. New Delhi: The government has issued 105 directions to social media platforms under the new IT rules that came into effect in February last year, Parliament was informed on Friday. According to information shared by minister of state for electronics and IT Rajeev Chandrasekhar in a… Read More »

LIC Becomes Top-Ranked Indian Firm On Fortune Global 500 List

Fortune Global 500 list: Life Insurance Corporation is the top-ranked among the Indian firms. Mumbai (Maharashtra): Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places. The nation’s biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million,… Read More »