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Top headlines: Bitcoin plunges to $30,066; IOC returns to profit in Q4FY21

Business Standard brings you the top headlines this evening

Bitcoin
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Bitcoin. Photo: Bloomberg

BS Web Team
Crypto market cap losses nearly $1 trn
 
Bitcoin and ethereum posted their largest one-day drop since March last year on Wednesday, with losses in the market capitalisation for the entire cryptocurrency sector approaching $1 trillion.
 
The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services. Read more
 
IOC net rises to Rs 8,781 cr in Jan-Mar quarter
 
Indian Oil Corporation (IOC), the nation's biggest oil firm, on Wednesday reported a better-than-expected net profit of Rs 8,781.30 crore in the March quarter, helped by a surge in refining margins as higher crude prices boosted the