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Business Economy

MAW announces to bring GINNI ICO on December 6

Chandigarh, Dec 4 (UNI) A Singapore-based company Miners At Work(MAW) on Monday announced to bring an Initial Coin Offer(ICO) of 300 million GINNI tokens for the businesses across Asia including Indian investors.
The ICO, opens on December 6, 2017 will close on February 2, 2018 and aims to raise about US$15 Million, said Vikas Gupta, Chief Executive Officer of MAW here today.
GINNI token Pre-ICO starting on the December 06, 2017 will close on January 05, 2018 and the very next day public crowd sale will start and closes on February 2018, he said and added that pre-ICO price gives early investors a gain of about 40% over the closing ICO price, he said.
The proceeds of the ICO will be used to scale up huge mining infrastructure including installing mining servers, FASTCOIN crypto Automatic Teller Machines((ATM) as well as develop new value added products to support businesses across Asia, starting off with Singapore, said Mr. Gupta.
“We are making mining simple and user friendly for investors so that they can get decent rewards without any hassles. ICO is a new and transparent way of arranging capital for technology start-ups by crowd funding where investors get tokens for that. Our tokens will be listed on at least two exchanges and an investor can trade them easily to get liquidity. This gives them an easy exit with options to buy, sell or exchange. We see a strong demand for the GINNI tokens not only in India but worldwide as well,” Mr Gupta shared.
He said MAW is strategically based in Singapore and enjoys a lower taxation rates making the business more profitable overall in terms of returns (ROI) as compared to other locations worldwide.
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ITRs e-filers in Andhra, Telangana low this time: N Sankaran

19 Aug 2019 | 9:34 PM

Hyderabad, Aug 19 (UNI) Telangana and Andhra Pradesh Principal Chief Commissioner of Income said here on Monday that the number of Income Tax Return (ITR) for this fiscal year has dropped in comparison to last year in the two Telugu states, adding that the department is hopeful to achieve its target by the end of August.

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ITI Mutual Fund launches 'ITI Arbitrage Fund'

ITI Mutual Fund launches 'ITI Arbitrage Fund'

19 Aug 2019 | 7:29 PM

Hyderabad, Aug 19 (UNI) ITI Mutual Fund on Monday announced the launching of ‘ITI Arbitrage Fund.

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GPL provides scholarships to selected students under CSR program

GPL provides scholarships to selected students under CSR program

19 Aug 2019 | 7:02 PM

Visakhapatnam, Aug 19 (UNI) As a part of its Corporate Social Responsibility (CSR) program, Gangavaram Port Limited (GPL) provided scholarships to selected students and distributed stationary at a meeting held here on Monday.

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ASSOCHAM, GCCI to organise half-day event on MSME to celebrate World Entrepreneur Day on Aug 21

ASSOCHAM, GCCI to organise half-day event on MSME to celebrate World Entrepreneur Day on Aug 21

19 Aug 2019 | 6:30 PM

Panaji, Aug 19 (UNI) ASSOCHAM in association with Goa Chamber of Commerce and Industries (GCCI) will celebrate World Entrepreneur Day by organising a half-day event on Micro, Small and Medium Enterprises (MSME) on August 21, 2019.

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Sensex rallies by 52 16 pts on hopes of revival package by Govt amidst firm Asian cues

Sensex rallies by 52 16 pts on hopes of revival package by Govt amidst firm Asian cues

19 Aug 2019 | 6:26 PM

Mumbai, Aug 19 (UNI) Rallying for the third straight session on Monday, t he benchmark index of Bombay Stock Exchange (BSE) increased by 52.16 points to close firm at 37,402.49 buoyed by hopes of a revival package from the government lifted investors' sentiment at D-Street amidst stronger cues from the Asian markets.

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