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COIN ROUNDING RULES
Jaipur grocery store ordered to pay Rs 10,000 in compensation for rounding off customer's bill by 50 paiseA Jaipur shop's decision to round up a customer's bill by just 50 paise has cost them dearly. The Rajasthan State Consumer Commission ruled...- On This Day in History, June 26: UN Charter signed, Indira Gandhi declares Emergency, Harry Potter debuts, Corvette day, Sher Shah Suri wins against Mughals and moreOn This Day in History, June 26 saw the signing of the United Nations Charter, Richard III's rise to the English throne, India's declaratio...
- H-1B chill sets in; Flipkart doubles down on ShopsyUS demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. This and more in today’s ETtech To...
- New payment law shocks retailers: No more surcharges or turning away shoppers at checkoutNew York has started a new law to protect people who pay with cash. The rule comes during a penny shortage and changes how stores round pri...
- Gap alerts shoppers to major checkout change as new payment rules take effectGap Factory checkout change: Gap Factory is changing how it handles cash payments. Shoppers paying with cash will now see their change roun...
- America's penny crisis: How Trump's cost-cutting plan has sparked nationwide cash crunch and is hurting banks and retailersThe US is experiencing a severe penny shortage after President Trump's decision to halt production, leading businesses to round cash sales....
- India’s chip debut, Sebi chief’s quantum warningHappy Thursday! A made-in-India chip module is headed to the US. This and more in today’s ETtech Morning Dispatch.
- Court orders post office to pay 2,999,900% compensation to Chennai consumer for rounding off 50 paise excess amountA Chennai consumer lawsuit led to a post office being fined Rs 15,000 for overcharging due to a software glitch. The claimant, denied 50 pa...
- Sequoia sells 2% of Zomato; CoinDCX marks DeFi foraySequoia was one of the early backers of Zomato and now holds a 4.4% stake in the company.
- Triple trouble for crypto: Liquidity crunch, bear market, new tax rulesConsider this: Between January and March of this year, the average daily turnover on three of the leading crypto exchanges in India — Wazir...
- Crypto exchanges face funding dip amid low trading, high taxes and TerraA leading crypto platform, which recently announced a funding round, started reaching out to VCs in September 2021 when valuations were at ...
- CoinDCX raises $135 million in funding as valuation doubles to $2.15 billionFundraise comes amid looming uncertainty for crypto industry as new tax rules hit trading volumes severely.
- ASCI in talks with Centre to refresh crypto ad guidelines“While the crypto exchanges have paused advertising and are awaiting clarity from the government, they are all making blueprints for fresh ...
- What's new in China's crackdown on crypto?While China has been putting in place increasingly stricter rules on virtual currencies, it has now made all activities related to them ill...
- Tata Digital's cosmetics play; Byju's acquires TynkerTwo weeks ago we reported that Tata Digital was postponing its SuperApp launch. Now, our sources tell us the company is wrapping up plans t...
- US says 3rd-largest cryptocurrency is a security, not currencyThe lawsuit which said that XRO is a security not currency, claimed that Ripple's former CEO and founder Christian Larsen and its current C...
- Bain Fund, BitMEX owner among funders of India crypto bourseThe funding signals hope for an industry that floundered in the last two years amid the ban, during which time several exchanges had to shu...
- In England, shops to accept demonetised £1 coinsA trade association representing 170,000 small shops has advised members to continue taking the round £1 coins, which ceased to be legal te...
- Refusing Rs 10 coin in UP may invite sedition caseAccording to RBI rules, those who refuse to accept the Indian currency can be liable for action under section 124A (sedition) of IPC.
- Gold hits record high of Rs 28,350 per 10 gramGold jumped nearly 2 per cent to hit a record high of Rs 28,350 buoyed by a rally in world market and on a weak rupee.
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