Tag: coindcx

CoinDCX, Mesh Partner to Let Users Integrate DeFi Wallets from Within its App

CoinDCX, the Indian crypto exchange platform, has decided to let its users integrate DeFi wallets from within its platform. The aim is to ease the connectivity between centralised exchanges and DeFi wallets. To do so, the exchange has announced a partnership with a US-based fintech firm Mesh. With this, the exchange could be attempting to have app visitors spend more time on the platform. Indian investors have been flocking to Indian exchanges after the government levied compliance mandates on foreign investors.

CoinDCX claims to be catering to a userbase of 16 million users. The exchange recently declared its compliance with India’s Financial Intelligence Unit the (FIU) certifying its business safe to engage with in India.

Sumit Gupta, the co-founder of CoinDCX, commenting on this matter, called it a ‘game changer’ for CoinDCX. Mesh offers an advanced API integration that could simplify the process of digital asset management for the exchange’s users.

“Solutions like Mesh streamline the complexities of the crypto industry, significantly enhancing the usability factor for our platform,” Gupta said.

Meanwhile, as far as Mesh is concerned, the US-based platform is taking this opportunity to mark its entry into India’s crypto sector.

“We are thrilled about the impact this collaboration will have on one of the most dynamic and important markets. We are thrilled about the impact this collaboration will have on one of the most dynamic and important markets,” said Bam Azizi, co-founder and CEO of Mesh as commenting on the development.

CoinDCX has been taking several steps to establish itself as an investor-popular crypto exchange in India’s evolving landscape. In February, CoinDCX began allowing users of the now defunct KoinX, to access funds that were left locked on the exchange.

The exchange has also initiated its new crypto awareness campaign called KnowBitcoin that aims to provide a detailed overview about the world’s first and most expensive cryptocurrency.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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CoinDCX Seeks Advice to Grow India’s Web3 Sector, Experts Call for Early Test Beds and Education

The crypto scene in India is getting more sophisticated with the government gradually deploying regulations to oversee the industry’s safety. In a bid to get a better understanding of what the Indian crypto community really wishes for, CoinDCX crypto exchange has decided to do something simple and effective — ask the community members. The aim, as per the exchange, is to shape an inclusive Web3 industry in the country. Sumit Gupta, the co-founder and CEO at CoinDCX seems is spearheading this community initiative.

This week, Gupta opened a discussion on LinkedIn, seeking advice from India’s Web3 group.

“Now, six years into our journey, Neeraj and I are reaching out for your insights: beyond providing financial support, how can we meaningfully contribute to the growth of web3-based use cases in India? We aim to extend the kind of support we once deeply needed,” Gupta’s post on LinkedIn said.

Many blockchain and crypto enthusiasts were quick to jot down some steps that could help the Web3 ecosystem expand to its potential in India.

“The validation of use cases, MVPs, and the establishment of early test beds are vital components in the Blockchain ecosystem. Please look into these areas,” said blockchain architect Amit Saxena, commenting on Gupta’s post.

“You know how important education in this domain is. We are growing in quantity but not in quality. Sadly, the industry wants just to mint money. Not interested in backing an educational platform like ours is disappointing,” wrote Mirzad Makhdoom, founder and CEO of Kerala-based Web3 school, Tribe Academy. Makhdoom has also claimed that his Web3 school is on the verge to go bankrupt in the next three months.

Others, meanwhile, highlighted again that a revision in India’s crypto tax regime could be immediately beneficial for sector players as well as investors.

In the election-bound nation, the crypto sector stakeholders are hopeful that the finance ministry will listen to the woes and consider reducing the one percent TDS on each crypto transaction to 0.01 percent when it announces the final budget for the year. This TDS cut, when announced in 2022, was explained as a way to monitor crypto transactions being processed within India as crypto transactions are largely anonymous and could be misused for criminal activities.

The CoinDCX CEO, meanwhile, has asked crypto enthusiasts to keep reaching out with issue-solving ideas.

“How can we enhance this initiative? Apart from funding, what are the most effective ways to genuinely support upcoming web3 developers in India? We are keen to hear your ideas and suggestions. Your input could help shape a more inclusive, innovative, and thriving web3 ecosystem in India. Share your thoughts, stories, or any testimonials on how we can make a bigger impact together,” Gupta’s post added.

In February, the CoinDCX team partnered with now defunct crypto exchange Koinex to help the latter’s distressed users access funds they might have lost access to in 2019.

In light of the escalating number of scams riddling the sector, the exchange also shared a list of dos and don’ts in February for the investor community to take into conscience.

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Solana Foundation, CoinDCX Announce Rs. 25-Crore Grant for India’s Web3 Developers

Ahead of India’s 75th Republic Day, Indian crypto exchange CoinDCX has announced a grant programme for Indian Web3 developers in partnership with the Solana Foundation. The grant, worth Rs. 25 crore, aims to help bootstrapped Indian Web3 developers designing products on the Solana blockchain. In an official announcement shared on Thursday, January 25, CoinDCX said this initiative comes along the sidelines of this year’s Republic Day theme of ‘Vikasit Bharat’ (Developed India).

In the coming months, the capital from this grant will be used towards initiating advanced blockchain education programmes as well as hackathon-like competitions within Web3 developers. CoinDCX Ventures has also decided to invest in the best teams emerging from these hackathons.

“We need to cultivate talent for sustained market share and leadership in blockchain software development. With India already contributing 11 percent of global web3 developers, I expect an encouraging ecosystem and government support to transform the country into a web3 powerhouse,” said Sumit Gupta, Co-Founder of CoinDCX.

Gupta said Web3 firms in India must draw parallels with India’s overall mammoth IT industry that currently has a valuation of $200 billion (roughly Rs. 16,62,210 crore) and is poised to reach $350 billion (roughly Rs. 29,09,292 crore) in revenues by 2030.

As part of the deal, Solana Foundation will work with CoinDCX to advance real-world use cases of public blockchains, such as loyalty programs and tokenisation of real-world assets like stocks, bonds, and real estate.

“There is huge potential for mass adoption of blockchain technology and real-world use cases. India having over a billion mobile users, the grant will strategically emphasise the development of Web3 apps on mobile,” said Neeraj Khandelwal, Co-Founder, CoinDCX as saying.

CoinDCX seems to be diving deeper into India’s Web3 market, intensifying the competition with contemporaries like CoinSwitch, Mudrex, and Giottus among others. This is also happening at a time when the government of India has directed all crypto firms to strictly adhere to registering with the Financial Intelligence Unit (FIU) while also meeting all KYC and AML guidelines.

As for the Solana Foundation, this marks a notable opportunity to engage with Indian Web3 developers. Its eco-friendly Solana blockchain was recently chosen by Dubai to provide the blockchain infrastructure for its free economic zone, called the Dubai Multi Commodities Centre (DMCC).

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CoinDCX Hatches a Million Dollar Plan to Reap Advantages of India’s Crackdown on Foreign Exchanges

Indian crypto exchanges are reaping the benefits of the government opening compliance investigations on foreign crypto exchanges like Binance and Kraken. Over the last week, Indian crypto exchanges recorded a massive inflow of deposits, that has now opened a competition amongst Indian exchanges. CoinDCX, that claims to have seen a 2,000 percent hike in crypto desposits in the last few days, has hatched a plan to lure-in more investors to transfer their crypto investments from foreign exchanges onto its platform.

In a legit million-dollar plan, CoinDCX has decided to offer one percent bonus to all investors who make deposits on the exchange between January 9 and January 18, 2024. In an announcement shared on Tuesday, the exchange said it has earmarked a fund pool of $1 million (roughly Rs. 7 crore) to reward investors looking to migrate their crypto from non-compliant offshore exchanges to those that are registered with India’s Financial Intelligence Unit (FIU).

India is accelerating efforts to deploy legal requirements to regulate the crypto sector. After levying taxes on crypto incomes last year, India has brought the digital assets service providers into the ambit of the Anti-Money Laundering and Counter-Financing of Terrorism (AML-CFT) framework under the provisions of the Prevention of Money Laundering Act (PML) Act in March 2023 as well.

As part of its ongoing efforts, India has ordered multiple foreign exchanges to show the status of their compliance with India’s Web3 sector laws. The nine offshore Virtual Digital Assets Service Providers are Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex.

“As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued compliance Show Cause Notices to the following nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act, 2002 (PMLA),” the Ministry of Finance had disclosed in an official announcement last week.

CoinDCX, as part of its plan, will present one percent worth of Tether tokens on the total amount of deposit to the users.

“Example: If a user deposited 10 USDT worth of BTC on January 8 and 20 USDT worth of CELO on 17th Jan, you will receive 30*1 percent = 3 USDT worth of INR on the Payout Date, i.e., Feb 16, 2024- Maximum bonus is capped at Rs. 10,000 per user,” the official statement noted.

The exchange has also confirmed that its operations are registered with India’s FIU and have further vouched to comply with India’s crypto rules.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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India’s WazirX Sees 90 Percent Dip in Crypto Trading Volume Amid Regulatory Delays

WazirX disclosed the trajectory of its business this year only to give an insight into the slump spell that the crypto market is under as India awaits to complete regulatory deployments to oversee the sector. The Indian crypto trading platform, in 2023, managed to generate around $1 billion (roughly Rs. 8,315 crore) in terms of trading volume. This is a sharp 90 percent decline from its previous year’s trading volume of $10 billion (roughly Rs. 83,151 crore) and 2021’s figure of $43 billion (roughly Rs. 3,57,534 crore).

In terms of addressing the potential reasons why trading volumes may have sunk this year, WazirX decided to keep its lips sealed. Interestingly, its competitor CoinDCX crypto exchange fired 12 percent of its workforce earlier this year, clearly pinning the blame for pushing investors away on India’s tax regime.

The exchange, did however, give other insights that it observed in-terms of trading patterns in India for the year of 2023. Bitcoin (BTC), Shiba Inu (SHIB), Ripple (XRP), Ethereum (ETH), and Polygon (MATIC) emerged as the most traded cryptocurrencies among members of the Indian crypto community on WazirX.

Women constituted 22 percent of the total trading volume on the platform, and women aged between 21-40 years made up 83 percent of the total volume traded by all women users. In the case of men, the age bracket of 21-40 years constituted 76 percent of all men users on the platform.

Uttar Pradesh, Maharashtra, Tamil Nadu, Gujarat and Haryana house the bigger shares of traders, whereas the states with the highest trading volumes are Tamil Nadu, Uttar Pradesh, Maharashtra, West Bengal, and Haryana.

The Vice President of the trading platform, Rajagopal Menon, has projected a bright future for blockchain-related sectors in the days to come.

“With the advent of maturing blockchain technologies, cryptocurrencies are set to evolve beyond speculative assets, becoming integrated within supply chain management, healthcare, and digital identity verification. Asset tokenisation is positioned to become a prominent trend. User experiences across Web3 technologies will witness a revolution in 2024, and the Bitcoin halving signals a bull market in coming times,” Menon said, in a rather optimistic forecast for the crypto sector.

Along with CoinDCX, CoinSwitch recently accepted that crypto trading volumes and user queries have indeed taken a hit in India, which have had clear impact on the business.

As far as India’s crypto laws are concerned, it could take another eighteen months leading up to mid-2025 for all crypto regulations to see light of the day in the nation. India is accessing all possible impacts of involving crypto with its existing financial systems.

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CoinDCX’s Okto Self Custody Wallet Expands Internationally: Details

CoinDCX has announced that it is expanding its self-custody wallet service named Okto outside of India to other international locations. To do so, the Indian crypto exchange has stitched its operations with Transak, which is a developer integration toolkit to let users buy/sell crypto in any app, website or web plugin. As per the exchange, the Okto digital wallet will now work across 60 countries and 155 jurisdictions. Digital wallet services that allow people to store their private keys with themselves are classified as self-custody wallets.

Okto was launched in 2022 and was later integrated with the Transak platform earlier this month. The company did the wallet’s integration with Transak aiming to scale the wallet’s functionality to operate smoothly in other nations.

“The vision is to offer easier access to a wide range of tokens across multiple chains, enabling users to trade seamlessly, pay gas fees in any token, and enjoy convenient and efficient transactions through a single wallet. Integrating Transak into Okto will bring seamless fiat-to-crypto conversions right within the app,” explained Neeraj Khandelwal, Co-founder, Okto and CoinDCX while commenting on the development.

Back in May this year, CoinDCX claimed that Okto has been integrated with an advanced cognitive AI technology, making it the first ever self-custody wallet infused with AI. In addition, the wallet also got the machine learning (ML) capability to analyse and monitor patterns in usual and unusual crypto transactions.

At the time, Vivek Gupta, the Chief Technology Officer (CTO) of CoinDCX said this update to Okto will provide an ‘unparalleled protection’ against phishing scams, account takeovers, and malware attacks.

This new development, meanwhile, has opened the Okto wallet service in countries within Europe, North America, USA, Asia, South America, and Africa. As of October 2023, Okto’s userbase has amassed over 150,000, the company claimed.

The frenzy around self-custodial crypto wallets rose in 2022, when wallet providers and exchanges like FTX collapsed, putting people’s finances at risk. Crypto industry leaders like Binance CEO Changpeng Zhao and Michael Saylor have also previously hailed self-custodial wallets for storing valuable digital assets.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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CoinSwitch Cites Drop in User Queries for Trimming Customer Support Team: Details

The global crypto market, that is currently undergoing a slump, could be losing community members who do not have an appetite for risky investments at the time. This impact of the slowdown has been highlighted by crypto exchange CoinSwitch after it laid off 44 employees earlier this month from its customer support team due a drop in customer queries. The company is now among many facing the brunt of dealing with volatile assets such as cryptocurrencies, especially in the lack of rules and regulations dedicated to overseeing the sector.

Founded in 2017, CoinSwitch is a Bengaluru-based crypto exchange that claims to be catering to over 18 million users. “Queries from our users have dropped to just ten percent of what they used to be around a year ago. People who have been reaching out to us, usually tend to have questions regarding their KYC verifications,” a company official told Gadgets 360.

“We continuously evaluate our business to stay competitive, prioritizing innovation, value, and service for our customers. To that end, we right-sized our customer support team to align with the present volume of customer queries on our platform. This impacted the roles of 44 members of our customer support team, who voluntarily resigned from their roles after a detailed discussion with their managers earlier this month,” a company spokesperson said on Tuesday.

“Over the last year, many support team members have been absorbed into other functions based on the suitability of their skills for the other roles. We are extending all our support to the impacted employees. As and when volumes grow and we open new roles, we will be happy to welcome back those impacted.”

Back-to-back interest rate hikes in the US as well as the consecutive targeting of crypto players like Binance and Coinbase by the SEC in the US, have also acted as factors that slowed down the market momentum for cryptocurrencies in recent months. Currently, the overall cap of the crypto market stands at $1.05 trillion (roughly Rs. 86,80,402 crore), hanging by a thread to the psychologically significant trillion-dollar mark.

Earlier this month, India’s CoinDCX crypto exchange announced the layoff of 12 percent of its workforce, blaming the country’s tax regime for pushing investors away.

The crypto exchange, in its official statement, said that India’s TDS (Tax Deducted at Source) deductions on each crypto transaction has slowed down its business, especially during the ongoing bear market. A total of 71 people lost their jobs at CoinDCX during the recent round of layoffs.

On an international level, KuCoin, Binance, Genesis, and Huobi also laid off staff members between January and August this year succumbing to market pressure.

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CoinDCX Lays Off 71 Employees, Blames India’s Crypto Tax Impact on Business in Bear Market

India’s CoinDCX crypto exchange announced the layoff of 12 percent of its workforce on Tuesday. A total of 71 staff members have been impacted by the decision. The crypto exchange, in its official statement, said that India’s TDS (Tax Deducted at Source) deductions on each crypto transaction has slowed down its business, especially during the ongoing bear market. CoinDCX has said that India’s tax policy governing crypto transactions is leaving a lasting impact on domestic exchanges.

“Today we are making the difficult decision to reduce the size of our team by about 12 percent,” CoinDCX said in its statement. “As you all know, startups and businesses globally are going through challenging times due to tough macro conditions, more so in crypto because of the prolonged bear market and impact of TDS on domestic exchanges. These factors had a significant impact on our volumes and thus revenues.”

India’s finance ministry, last year, enforced one percent TDS on each crypto transaction including crypto buying, selling, as well as transferring crypto to a digital wallet. This rule aims to maintain a trace of crypto transactions, that are largely unregulated and anonymous in nature.

Since India is still in the process of formulating rules to monitor the crypto sector, finance minister Nirmala Sitharaman deemed it necessary to bring this rule so that cryptocurrencies are not exploited for unlawful transactions like money laundering or terror financing.

Despite outcries from members of the crypto community to revise this TDS rule and reduce the 30 percent taxation on crypto incomes, the Indian government remained firm on its policy making.

Reeling under market pressure, CoinDCX is now determined to focus on keeping its finances as well as operations afloat, amid the ongoing slump in the crypto market. In the backdrop of back-to-back interest rate hikes in the US as well other macro-economic factors, Bitcoin is currently trading at its two-month low price point of $26,000 (roughly Rs. 21 lakh).

“We continue to remain bullish on the India opportunity and committed to our mission of driving crypto and web3 adoption to 50 million people by 2025. We also want to assure you that no further team reduction is planned,” the company noted in its statement.

The exchange said that it will provide affected employees severance pay equivalent to the full notice period, additional one month of salary, and other benefits, along with access to counselling support.

Gadgets 360 also reached out to CoinDCX with a set of queries about the layoffs. The story will be updated with the firm’s response.

Meanwhile, members of India’s crypto fraternity are posting encouraging words to the staff members impacted by CoinDCX’s decision.

Headquartered in Mumbai, Maharashtra, CoinDCX was co-founded in 2018 by Sumit Gupta and Neeraj Khandelwal.

In April last year, CoinDCX’s valuation touched $2.15 billion (roughly Rs. 17,829 crore) after it bagged $135 million (roughly Rs. 1,119 crore) in a Series D funding from companies like Pantera, Coinbase Ventures, Kingsway, DraperDragon, Republic Capital, and Kindred Ventures.

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CoinDCX Adds AI, Machine Learning Upgrades to Its Self-Custody Wallet Okto; Says Will Boost Security

CoinDCX, which claims to cater to 1.3 crore crypto users in India, expanded its services portfolio last year to include a self-custody crypto wallet named Okto. The Indian crypto exchange, after having accessed the recently highlighted security loopholes in the crypto ecosystem, is now deploying safety updates to its Okto platform. CoinDCX has loaded up its new safety features with artificial intelligence (AI) technology. The company felt that existing security measures must be finetuned, especially after 2022 being the worst year on record for cryptocurrency heists, with hackers managing to steal as much as $3.8 billion (nearly Rs. 31,100 crore) despite safeguards.

CoinDCX on Tuesday, May 23, claimed that Okto has been integrated with an advanced cognitive AI technology, making it the first ever self-custody wallet infused with AI. In addition, the Okto team has also deployed machine learning (ML) to analyse and monitor patterns in usual and unusual crypto transactions.

This layering will enable continuous login authentication as well as real-time monitoring of all transactions. In addition, the AI will play a vital role in detecting and identifying any suspicious transactions being facilitated to or via the Okto wallet.

In conversation with Gadgets 360, Vivek Gupta, the Chief Technology Officer (CTO) of CoinDCX, said this update to Okto will provide “unparalleled protection” against phishing scams, account takeovers, and malware attacks.

“This proactive security check process acts as a formidable barrier against fraudulent activities. This state-of-the-art security solution leverages artificial intelligence and machine learning techniques to verify a user’s identity based on their behavioural and cognitive patterns,” Gupta explained.

It is, however, noteworthy, that AI and ML on Okto will analyse how users interact with their devices, applications, and websites, which could raise privacy concerns. A response on the same remains awaited from the company.

The frenzy around self-custodial crypto wallets heightened last year, when wallet providers and exchanges like FTX collapsed, putting people’s finances at risk.

With self-custodial wallets, users are not reliant on any crypto exchange or wallet provider to save their private keys in their systems, making them vulnerable target for hackers or victims of liquidity crunches.

In November last year, crypto leaders and whales like Binance CEO Changpeng Zhao and Michael Saylor hailed self-custodial wallets for storing valuable digital assets.

CoinDCX grabbed the opportunity to launch a self-custodial wallet last year in August. At the time, the company had released Okto as a mobile app that would offer a keyless, self-custodial wallet service backed by several layers of security, as well as native access to more than a hundred decentralised apps ranging across DeFi, NFTs, synthetics, and cross-chain bridges, among others.

The new AI and ML features on Okto, Gupta says, is a step towards evolving the wallet, along with other upcoming technologies.

“Conventionally, hardware wallets were considered as a safe option. But with technology evolving, we would see enhanced and innovative security features. On Okto, we have added the multi-party computation (MPC) technology to ensure that private keys used to access and control funds are never fully exposed, removing the risk of single point of failure,” he noted.

In 2021, CoinDCX had emerged as the first Indian unicorn (valued over a billion dollars) in the cryptocurrency space. It recently closed $135 million (roughly Rs. 1,044 crore) Series D funding round led by Pantera and Steadview. Previously, the company has bagged investments of over $100 million (roughly Rs. 760 crore) with Coinbase Ventures and Facebook co-founder Eduardo Saverin as its investors.

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CoinDCX Taps Sridhar Govardhan to Oversee Cybersecurity Readiness as CISO

CoinDCX crypto exchange has appointed Sridhar Govardhan as the Chief Information Security Officer (CISO) to monitor its cybersecurity readiness. Govardhan previously served as the vice president and head of information security at Flipkart. The firm is looking to drive engagement with a focus on providing advanced security measures. Govardhan has previously overseen security cybersecurity measures for Wipro and Infosys. The crypto industry recently witnessed the exit of several investors after promising projects fell prey to hack attacks and dramatically collapsed.

As part of his key responsibilities, Govardhan will serve as the Information Security Liaisons’ leader and head the Information Security Advisory Committee to promote information security throughout the exchange’s ecosystem. “I am thrilled to be a part of this dynamic sector and strengthen CoinDCX’s security posture to contribute to the industry’s growing information security landscape, especially as crypto paves the way for the future of the Internet. By developing and implementing the best-in-class safety solutions, aimed at giving CoinDCX the first-mover advantage, we will be enhancing the security credentials of the entire ecosystem,” said the new CISO of CoinDCX in a prepared statement.

The exchange says it aims to cater to its users’ demands of ensuring top notch security against hack attacks and vulnerabilities that can expose them to financial risks and losses. “We are building, and this demands greater transparency and security. Sridhar will lead our efforts in designing and maintaining an efficient corporate information security framework and build a multi-tiered security architecture at par with global standards,” said Neeraj Khandelwal, Co-founder, CoinDCX.

In a recent report, Chainalysis said that last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion (nearly Rs. 31,100 crore). Under the circumstances, CoinDCX is looking to ensure its customers that they could experiment with crypto, while being safe in terms of online transactions.

The exchange also recently launched a crypto awareness initiative named ‘Namaste Web3′ for Indian industries and investors.

Samsung’s Galaxy S23 series of smartphones was launched earlier this week and the South Korean firm’s high-end handsets have seen a few upgrades across all three models. What about the increase in pricing? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

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