May 3, 2026

Business

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‘Challenge to our system’: Malaysia cracks down on illegal Bitcoin mining; power theft losses reach $1.1 billion

contact@dailyupdatesindia.com03 mins

Malaysian authorities are stepping up their crackdown on illegal Bitcoin mining after uncovering nearly 14,000 illicit sites over the past five years and reporting about $1.1 billion in power-theft losses for state utility Tenaga Nasional (TNB).With cases rising sharply, including around 3,000 power-theft incidents linked to mining recorded by early October, the government last month…

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Delayed Income Tax Refunds for FY 2024-25: Key Reasons Explained | Financial Literacy News

contact@dailyupdatesindia.com016 mins

NEW DELHI: Income-tax refunds are facing unusual delays this assessment year, with tax professionals flagging longer processing times even for routine filings. CBDT data shows personal income-tax refunds have fallen to Rs 88,548 crore by early November, compared to Rs 1.42 lakh crore a year earlier. Total refund outgo up to November 10 stands at…

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Rupee remains in undervalued zone

contact@dailyupdatesindia.com03 mins

MUMBAI: The rupee, which slipped from 87.85 to 88.72 against dollar between Aug and Oct 2025 and now to 90.20 in Dec, remains fundamentally undervalued even as other emerging market countries register currency gains.The undervaluation reflects the manner in which foreign capital outflows continue to influence the rupee rather than a decline in domestic fundamentals.According…

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Stock market today: Nifty50 opens below 26,000; BSE Sensex down around 100 points

contact@dailyupdatesindia.com02 mins

Market analysts anticipate range-bound trading in the short term, with focus on currency movements, RBI policy signals, and trade talk progress. (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Thursday. While Nifty50 was below 26,000, BSE Sensex was down nearly 100 points. At 9:19 AM, Nifty50…

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Reliance Retail taps former Flipkart exec as CEO

contact@dailyupdatesindia.com01 mins

MUMBAI: Reliance Retail Ventures has appointed former Flipkart executive Jeyandran Venugopal as president & CEO as the company prepares for an IPO.Jeyandran’s mandate is to strengthen the retail portfolio, accelerate omni-channel growth and drive technical and operational excellence. He will work closely with Isha Ambani, executive director at Reliance Retail Ventures and the leadership team…

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