Bitcoin and cryptocurrency exchange app Zebpay has announced that it will be stopping its exchange business effective from 4 pm today, that is, September 28 2018. This follows prohibition of all regulated financial institutions – including banks – from providing any service in relation to virtual currencies.
‘We are stopping our exchange. At 4 PM today, we will cancel unexecuted orders & credit your coins to your Zebpay wallet. No new orders will be accepted,’ the company said in a statement.
Zebpay wallet, however, will continue to work, enabling users to deposit and withdraw coins/tokens into their wallets.
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Cryptocurrency players suffered a big setback in July with the SC declining to offer interim relief on RBI’s policy restrictions imposed in April.
Property management startup Reniso, founded in 2017 by two IIM alumni, is looking to raise up to $5 million for technology and business development as well as expanding operations into new cities.
Reniso offers a range of services from property monitoring, leasing, maintenance, renovation, sale/purchase, loan-insurance services along with legal and advisory assistance enabled by its technology applications.
It currently manages about 750 properties across Delhi-NCR and is targeting to reach 10,000 assets by 2019, said its founder Nishit Sharma, an IIM Ahmedabad alumni.
The other founder Alok Srivastava, who is an IIM Calcutta and IIT Delhi alumni, said the company will expand business in Mumbai, Bengaluru, Hyderabad and Pune markets over the next one year.
The Board of Mahindra Lifespace Developers has approved the appointment of Sangeeta Prasad, CEO – Mahindra Lifespaces as Managing Director & CEO of the company with effect from October 1, 2018.
She has been designated as MD consequent to the resignation of Anita Arjundas as Managing Director effective September 30, 2018, the company said in a release.
Customer relationship management (CRM) software maker Salesforce will comply with Indian government’s final ruling on data localisation even as it waits for the debate to reach a conclusion, according to a top executive. The development comes as India has emerged as one of the fastest growing markets for Salesforce, with the number of customers and revenues increasing 100% year-on-year.
“It is an interesting debate. We are hoping that in the next few months when it gets tabled in Winter Session of Parliament, things will get settled in India. If we have to do business anywhere in the world, we have to respect what the local government is talking about,” said Sunil Jose, country head of Salesforce India.
The iconic Taj Mansingh Hotel in Lutyens’ Delhi was retained by the Tata group in an auction by the New Delhi Municipal Council (NDMC) Friday, an official said. The auction was pending since the lease expired in 2011.The lease for the property will be granted to the group for 33 years at double the license fees. “The Tata group’s Indian Hotels Company Limited (IHCL) has retained the property at a license fees of ₹7.03 crore per month including GST.
Infibeam Avenues Ltd lost 71 percent of its market value on a single day after a WhatsApp message circulating among traders raised concerns about the e-commerce company’s accounting practices. Speculation mounted before a shareholder meeting on Saturday after a message attributed to brokerage Equirus Securities Pvt began circulating on WhatsApp, said Bhavin Mehta, an analyst at Dolat Capital Market Ltd. The message was sent a few months ago by an Equirus analyst to some clients and resurfaced on the messaging platform Thursday, people familiar with the matter said, asking not to be identified as they aren’t authorized to speak on the issue.
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