Protagonists of crypto currencies had a bad experience recently. Their euphoria went for a toss when the market price of bitcoins crashed to sub-$600 level from a high of $1100 as a result of several bitcoin exchanges either going bankrupt or supsending operations because of extraneous reasons. A firm in Tokyo dealing with the virtual currency lost some 650,000 bitcoins after hackers found their way into the system.
Arun Jaitley's maiden budget is clearly a left brained budget. The left part of the brain is the one that works in a logical fashion by digesting a lot of information, applying known rules of knowledge, and producing decisions. In the short span of time, Jaitley's brain had to digest a huge amount of information and knowledge.
Banks embarking on Enterprise Data Warehouse (EDW) projects have of late been on the increase. This is an impact of India's primary regulator the RBI, asking PSU banks to implement a Central Data Repository..
Dinesh Thakkar, chairman and managing director, Angel Broking, analyzes the buget and projects a very optimistic future for the markets:
SysArc Infomatix Pvt. Ltd, a software development company announced the introduction of LendPerfect a new generation lending automation tool.