While the cryptocurrency trading market seems to be taking over the world, India is still having a hard time finding a stance when it comes to regulating cryptocurrencies. Although the market is slowly emerging in the country, there still is not a definitive legislature regarding cryptocurrencies and the process of trading is far from being legalized in the country.
This makes the market very complicated in the country because there always is the scars of sudden bans or unwanted regulations that could hinder the development of the market in India. Although there is no definitive stance displayed by the leadership of the country, the younger tech-savvy generation of India has displayed a huge interest in the cryptocurrency market.
Back in 2018, the Supreme Court has set aside the Reserve Bank ban on the crypto trading market, which has opened some doors for the market in the country and has even increased the hopes of a better future for crypto traders.
There are numerous options that Indian investors have to become part of the cryptocurrency market. One very simple way is through mining, which is a very complex process where people are using high-level, sophisticated computer networks to solve different types of difficult mathematical problems.
As a result, they can earn digital coins. In the beginning, becoming a bitcoin miner was a very easy process, however, as it became more popular and the number of transactions increased, it has become a lot harder to mine bitcoins. Another, more realistic way of becoming part of the cryptocurrency market is to use crypto exchanges, thanks to which you can simply buy cryptocurrencies.
Crypto exchanges and how to use them
Although the Indian market lacks crypto trading regulations, there still are some crypto exchanges that offer services to local investors in the country. Most of these crypto exchanges offer traders access to cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and many others.
As a trader, you can use any of the cryptocurrencies available on the exchange you are using. Once you have found the exchange that you want to use, you can set up an account, make deposits, and start trading.
Most of the crypto exchanges available in the market will require you to verify your identity which can take up to a few days. Using crypto exchanges is a very simple process. Many of them offer traders mobile applications. You can use them to buy, sell, and even store cryptos.
How does crypto trading work?
As a crypto trader, there are several things that you should know. One very important thing to learn is to notice the best buying and selling time in the cryptocurrency market. If you are a long-term investor, the best thing to do is to look at the crypto chart and wait for the price to go down.
Once you believe that the price is low enough, you can buy the cryptocurrency and hold it for as long as you want to and wait for the price to increase. To make profits, you will be selling your cryptocurrencies once the price is up and the difference between buying and selling prices will be the profits that you have made.
The same goes for short-term investors, they are also generating income from price changes in the market, but this happens in a shorter period of time. Because of this, sometimes, it gets a bit hard to keep up with the developments in the market.
To make sure they are analyzing the market and understanding every little detail about it, many traders are using crypto trading bots. When it comes to analyzing huge amounts of data, there is always a limitation for humans, but crypto trading bots can analyze huge amounts of data in a very short time, which makes them very useful for crypto traders.
One of the most important things to consider while starting crypto trading is to decide when to invest. One of the best ways to understand when to invest in the market is to always stay up to date about the trends in the market. One of the biggest drivers of the market is a general sentiment in the market, this includes the statements of influential people in the market. Keeping up-to-date with the ongoing events can be a great help for crypto traders.
Crypto trading rules & laws in India
The crypto trading laws have been discussed in the country for some time now. However, there still are no direct regulations and laws regarding the crypto trading market in the country. Although the authorities are having a hard time finding the best balance in the crypto trading market locally, the younger generation of the country is displaying an increasing interest in the crypto trading market.
Because of such huge interest in the market, there are numerous crypto exchanges offering their services to Indian crypto traders. The authorities of the country were to discuss the possible changes in the crypto trading regulations locally in July but were postponed once again.
Virgin Media users report widespread service outages on the morning of 14 July
Over 400 complaints logged on DownDetector within hours
Customers say live chat support has been unresponsive or unhelpful
Issues also reported with Sky Sports app logins via Virgin Media
Company yet to issue full statement but advises users to contact customer services
Virgin Media broadband users across the UK experienced widespread disruption on Monday morning (14 July), with several hundred reporting a complete internet “blackout” and issues accessing the Sky Sports app via their Virgin logins.
According to data from DownDetector, over 400 reports were logged in the early hours, with affected customers sharing their frustration online. Many cited connectivity failures, poor customer support, and issues persisting for hours.
Users report internet failure and lack of support
One customer wrote: “Having massive problems with my Wi-Fi. Online live chats not providing any help, even after I was told to contact [support].”
Another said: “Appalling broadband service the last few weeks. System goes down for hours on end and you can’t get through to speak to anyone. Just happened again this morning with an estimate of 6 pm recovery.”
Users took to social media platforms, particularly X (formerly Twitter), to share their experiences and seek help, with many stating they had tried rebooting systems without success.
Sky Sports access disrupted during Test match
In addition to broadband issues, Virgin Media customers also reported problems accessing the Sky Sports app, coinciding with the final day of a major Test cricket match.
One user posted: “Come on Virgin Media, it's the 5th day of the Test match in 5 minutes and the Sky Sports login is broken... Please acknowledge and fix it soon.”
Another added: “Trying to watch Sky Sports cricket on the app using my Virgin Go login and I'm getting an ‘access denied’ error. Tried about five times now. It was working fine yesterday.”
Company response pending
Virgin Media has not yet issued an official statement about the current outage. However, its social media support team has responded to individual complaints, directing users to contact customer services for further assistance.
The last significant disruption occurred in February this year, when customers similarly reported a “total blackout.” At the time, a Virgin Media spokesperson apologised and said the company was working urgently to resolve the issue.
It remains unclear how long the current problems will persist or whether compensation will be offered to affected users.
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Starmer and Reeves during a visit to Horiba Mira in Nuneaton in Nuneaton. (Photo: Getty Images)
PLANS by Labour to overhaul the tax rules for non-domiciled residents in the UK could cost the public purse up to £4 billion and result in the loss of thousands of private sector jobs, according to a new analysis.
A report by the Centre for Economics and Business Research (CEBR), shared with The Times, suggested that scrapping the current non-dom regime could lead to a sharp drop in tax revenues if even a fraction of those affected decide to leave the country.
The thinktank estimates that if a quarter of non-doms - roughly 10,000 individuals - moved abroad, tax receipts could fall by £4.6bn over the next five years. That figure could rise to nearly £8bn if half of them departed.
The CEBR’s model, based on the approach used by the Office for Budget Responsibility (OBR), also predicted that such a shift could cause the UK to lose between 3,100 and 6,300 jobs, depending on how many wealthy residents choose to relocate.
This potential tax shortfall poses a serious challenge for chancellor Rachel Reeves, who currently has £9.9bn in fiscal headroom. Experts warn that this cushion could be halved or even wiped out by the autumn due to other financial pressures, such as changes to welfare payments and weaker-than-expected economic growth.
Although Labour has stood by its commitment to end the non-dom tax regime, Reeves is now believed to be considering a partial rethink. Specifically, she may drop plans to apply inheritance tax to non-doms' worldwide assets, following concerns that the proposal could accelerate the departure of wealthy individuals.
“We’re continuing to work with stakeholders to ensure the new system remains competitive on the international stage,” a Treasury spokesperson said, noting the importance of attracting global talent and investment.
Some high-profile figures have already indicated they might leave, including steel magnate Lakshmi Mittal.
Lakshmi Mittal
According to Companies House filings, more than 4,400 directors have stepped down from UK-based firms in the past year, with April departures up 75 per cent compared to the same month in 2024. Most of those exits were from finance, insurance, and property - sectors with high numbers of non-doms.
According to the report, the policy change is triggering an exodus of top earners. The centuries-old non-dom system allowed wealthy foreign residents to shield overseas income from UK taxes for a flat annual fee starting at £30,000. In its place, the government introduced a stricter residence-based scheme.
Now, anyone living in Britain for more than four years must pay income and capital gains tax on global income, with inheritance tax at 40 per cent also looming if they stay longer.
Sam Miley of the CEBR warned that even small economic shifts could have wider implications. “Our findings show the changes would negatively affect the economy, albeit modestly,” he was quoted as saying. “At a time of limited fiscal space, even marginal losses matter.”
Andrew Barclay, who runs the entrepreneur-led group Land of Opportunity, which commissioned the report, said: “It’s increasingly clear that abolishing non-dom status could do real harm to the economy and public finances. There’s still time to stop the outflow.”
A recent Oxford Economics survey of tax advisers found that 60 per cent expect over 40 per cent of their non-dom clients to leave the UK within two years of the changes taking effect.
While the exact number of departures remains unclear, the list of wealthy individuals who have already moved abroad includes billionaire Anne Beaufour, investor Max Gottschalk, and boxing promoter Eddie Hearn, among others.
Meanwhile, Labour faces growing pressure to strike a balance between tax fairness and maintaining the UK’s status as a global hub for wealth and investment.
US CARMAKER Tesla is finally making its official debut in India with the opening of its first showroom in Mumbai.
The firm, led by Elon Musk, will unveil the new “Tesla Experience Centre” on Tuesday (15) at Maker Maxity Mall in the Bandra Kurla Complex, one of the city's top commercial hubs.
This marks Tesla’s first formal step into the Indian market, after years of delays and speculation. According to official records, the company has already imported around $1 million (£780,000) worth of cars, charging equipment, and accessories into the country—mostly from China and the US.
Among the imported vehicles are six units of the popular Model Y, with five standard versions valued at £25,350 each and one long-range model at £35,880. Several Tesla Superchargers were also shipped in as part of the initial setup.
Although India has been eager to welcome Tesla, including introducing policies to encourage local production, the company has chosen to start with imports.
This means Tesla will have to pay high import duties - nearly 70 per cent - making its cars much pricier in India compared to other markets. The government has offered lower duties of 15 per cent for companies willing to invest $500m (£390m) and set up manufacturing locally, but so far, Tesla has not agreed to those terms.
Reports suggest Tesla is not currently interested in building a factory in India. Musk had previously planned a visit to the country in 2024, during which he was expected to announce a multi-billion-dollar investment, but the trip was cancelled at the last minute.
Despite the absence of local production, Tesla appears committed to growing its presence. It has started hiring in India, filling positions for showroom advisors, service engineers, vehicle testers for its Autopilot system, and other roles in cities like Mumbai and Delhi.
The Indian EV market is growing rapidly, with local player Tata Motors and Chinese firm BYD already established in the sector. Tesla’s entry is expected to increase competition and raise interest in premium electric vehicles, even as high costs remain a concern for most buyers.
(with inputs from agencies)
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UK-based Nanak Hotels acquired the 60-room Kings Court Hotel in Warwickshire for £2.75 million. (Photo: Colliers International UK)
UK-BASED Nanak Hotels recently acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for £2.75 million. This is the first regional acquisition by the privately held firm led by British Indians Harpreet Singh Saluja and Karamvir Singh.
Nanak Hotels, which operates a UK property portfolio, plans to invest in the property's refurbishment and repositioning, according to a statement from Colliers International UK, which brokered the transaction.
“We’re excited to bring Kings Court Hotel into our portfolio as our first Warwickshire acquisition,” said Saluja. “It has a solid foundation and loyal customer base. We see potential to develop the hotel while preserving its heritage.”
The West Midlands hotel, on a 4.2-acre site between Alcester and Redditch, began as a 17th-century farmhouse and now operates as a hospitality business with public areas, event and conference facilities and wedding capacity for up to 130 guests.
The hotel’s previous owner said Kings Court had been central to their work for over 30 years.
“It’s been a privilege to grow it into what it is today,” the owner said. “As we retire, we’re pleased to see it pass to a new owner who shares our commitment to hospitality and has a vision for its future.”
“The sale of Kings Court Hotel drew strong interest due to its size, location and trading performance,” said Josh Sullivan and Peter Brunt of Colliers International UK. “We’re pleased to have completed the transaction with Nanak Hotels and look forward to seeing how they develop the asset.”
In February, UK-based Shiva Hotels, led by founder and CEO Rishi Sachdev, secured $372m (£289m) to renovate The BoTree in Marylebone, London. Separately, Indian tech firm Oyo announced a $62m (£48m), three-year plan to expand its UK hotel portfolio by acquiring inventory and securing leasehold and management contracts, supporting 1,000 jobs.
PRIYA NAIR has been appointed as the CEO and managing director of Hindustan Unilever Ltd (HUL), effective from August 1. She will be the first woman to lead the company in its history.
The announcement was made by HUL on Thursday (10). Nair, who currently serves as president, Beauty & Wellbeing at Unilever, will take over the role from Rohit Jawa, who will step down on July 31 to pursue other interests.
She has been appointed for a five-year term and will also join the HUL board, subject to necessary approvals. She will continue to be a member of the Unilever Leadership Executive.
Nair began her career with HUL in 1995 and has held various roles across sales and marketing in the company’s Home Care, Beauty & Wellbeing, and Personal Care businesses.
Between 2014 and 2020, she served as executive director, Home Care and later as executive director, Beauty & Personal Care from 2020 to 2022. She then moved to a global role as the chief marketing officer for Beauty & Wellbeing at Unilever, and in 2023, was named president of the business.
Under her leadership, the Beauty & Wellbeing division has grown into a more than £10 billion global business covering hair care, skin care, prestige beauty, and health and wellbeing, including vitamins, minerals and supplements.
She has overseen brand building, innovation, revenue growth, digital transformation, and profit delivery.
Speaking on her appointment, HUL chairman Nitin Paranjpe said, “Priya has had an outstanding career in HUL and Unilever. I am certain that with her deep understanding of the Indian market and excellent track record, Priya will take HUL to the next level of performance.”
Nair’s appointment comes after Jawa’s two-year term, during which the company focused on volume-led growth. “On behalf of the Board of HUL, I would like to thank Rohit for leading the business through tough market conditions and strengthening its foundations for success,” Paranjpe added.
Over her 28-year career, Nair has built and managed several leading consumer brands. She is recognised for turning around underperforming businesses and leading cross-functional teams.
The Indian executive has also served as an independent director on the board of a publicly listed Indian company, a board member of the Advertising Standards Council of India (ASCI), and a member of several government-backed partnerships and industry bodies.
Nair currently lives in London with her husband and daughter.