Foreign direct investment in India surges 73%, fueled by Alphabet’s massive data center bet

The post India: Gradual firming CPI supports RBI patience – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale strategist Kunal Kundu expects India’s June 2026 headline Consumer Price Index (CPI) inflation to print around 4.1% year-on-year, slightly above May’s 3.9% but still within the RBI’s tolerance band. Kundu highlights food, fuel and services as key drivers, while noting partial and delayed pass-through from wholesale prices. It argues that competitive conditions, policy buffers and moderate demand should prevent a sustained inflation acceleration. Food, fuel and core inflation dynamics “India’s June 2026 headline CPI inflation is likely to print at around 4.1% yoy, marking a modest acceleration from 3.9% in May while remaining comfortably within the RBI’s inflation tolerance band. The expected increase is less a reflection of broad-based inflationary pressures and more a consequence of a gradual firming in food, fuel and select services categories over recent

The post India Crypto Tax Filings Lagged Trading Activity: Reuters appeared on BitcoinEthereumNews.com. India’s tax department reportedly found widespread gaps in crypto tax reporting, warning that offshore exchanges, private wallets and peer-to-peer (P2P) trades are making crypto activity harder to track.  Reuters on Wednesday reported government documents showed that fewer than a quarter of 645,000 individuals who made crypto transactions in the year ending in March 2023 reported the trades on their tax returns. The department also reportedly estimated that India had about 39 million crypto traders holding over $2.1 billion in crypto at the end of May.  The findings add a tax-enforcement factor to the country’s long-running digital asset policy debate, moving the issue beyond the central bank’s financial-stability concerns and into questions on offshore trading and recoverable tax revenue. India was ranked first in Chainalysis’ 2025 Global Crypto Adoption Index. The report comes days

The post India’s tax office backs RBI’s lean toward crypto prohibition appeared on BitcoinEthereumNews.com. India’s Income Tax Department has thrown its weight behind the Reserve Bank of India’s push to restrict cryptocurrencies, citing widespread underreporting and the difficulty of tracing offshore trades, according to government documents reviewed by Reuters. The documents, dated May and June, show the central bank restating a position it has held for years. The RBI wants India’s policy on digital assets to be “leaning towards prohibition.” It also wants banks and other financial institutions barred from holding, trading, or taking any exposure to crypto or privately issued stablecoins, stating that such links could spread trouble across the country’s financial system. What is new is the tax department’s public backing. Officials told the government that trades routed through overseas exchanges are hard to monitor, which raises the risk of evasion. In the financial year that ended i

The dynamic shifts in market cap among tech giants and digital assets underscore the volatility and rapid capital rotation in modern markets. The post Meta surpasses Tesla’s market cap as tech giants jostle for dominance appeared first on Crypto Briefing.

The post RBI Leans Toward Crypto Ban Despite India Boasting 39 Million Traders & $2.1B Holdings appeared on BitcoinEthereumNews.com. The central bank of India continues its quest for an Indian crypto ban, increasing the pressure. The central bank of India is upping the ante on the crypto ban for India. The Reserve Bank of India (RBI) is advocating for a policy that “leans toward prohibition,” despite nearly 39 million Indian investors possessing approximately $2.1 billion in digital assets, internal government documents reveal on July 8, 2026. RBI Warns of Contagion Risks and Stablecoin Threats The RBI’s stance is more than just about the ban on cryptocurrencies in India. Both foreign-backed and rupee-pegged stablecoins have raised individual concerns for the central bank. The documents reviewed by Reuters suggest that the dollar-backed stablecoins could pose a threat to India’s monetary sovereignty. Rupee-backed tokens, the RBI cautioned, could also lead to a loss of seigniorage, or t

AI's growth reshapes economies, driving resource demand and labor shortages, impacting valuations and investments in tech infrastructure. The post AI surge reshapes global economy, doubles data center demand by 2030: BlackRock appeared first on Crypto Briefing.

The post Is India moving back towards a crypto ban? appeared on BitcoinEthereumNews.com. India’s crypto policy appears to be moving backwards. This is an interestingly glum turn, especially as global markets push for better regulations. According to internal government documents, the Reserve Bank of India (RBI) is now actively for a policy that is “leaning towards (the) prohibition” of crypto. RBI’s push for a crypto ban The RBI has reportedly stated that banks and financial institutions should be barred from gaining exposure to cryptocurrencies and privately issued stablecoins. As per Reuters, the concern is that allowing regulated lenders to interact with crypto could bring chaos to the formal financial system. Another concern is that it would allegedly increase contagion risks. The RBI also believes that foreign currency-backed stablecoins are a threat to monetary sovereignty. Even the idea of rupee-backed tokens doesn’t have much support since there might be the risk of reducing th

The post Amazon (AMZN) Stock: Why AWS Is Poised to Dominate the AI Infrastructure Race appeared on BitcoinEthereumNews.com. Key Takeaways Bank of America maintains its Buy recommendation on Amazon with a $310 price objective AWS plans to deploy approximately 15GW of AI infrastructure capacity between 2026–2027, surpassing both Alphabet and Meta BofA calculates AWS can deploy capacity at roughly $25B per GW, significantly below Alphabet’s $37B and Meta’s $45B Needham maintains its Buy stance with a $300 price objective, highlighting robust AWS computing demand Amazon secured $25 billion through debt issuance to accelerate AI infrastructure investments Bank of America’s Justin Post believes Amazon is positioned to emerge victorious in the artificial intelligence infrastructure competition. Post maintained his Buy recommendation on Amazon shares Tuesday, setting a $310 price objective. Amazon.com, Inc., AMZN The analyst’s thesis revolves around AWS’s capacity to deploy greater AI data cen