Sensex, Nifty snap 6-day losing streak in volatile trade
Sensex and Nifty settled at higher prices today. New Delhi: India’s stock market benchmark closed in the green on Monday, pausing a six-day losing streak amid volatile trading. On Friday,…
Bitcoin falls below $30,000, regulators wary of crypto risks
The cryptocurrency resumed its slide on Monday, giving up the weekend’s grudging gains as regulators continued to circle. European officials reiterated their warnings about the risks of cryptocurrencies. Bitcoin fell…
High inflation from Ukraine war; RBI likely to raise rates by 75bps by August: SBI economists
War impact leads to higher inflation: SBI economists Mumbai: Economists at SBI said on Monday that at least 59% of the acceleration in inflation was due to the impact of…
Gautam Adani’s public offering priced at $6.5 billion after $10.5 billion deal
Adani offers to acquire 26% of Ambuja Cement and ACC from open market A day after announcing its $10.5 billion takeover of Holcim’s Indian business, the Adani family made a…
How to invest in the market today
Investors fear bear markets. “I’ll show you how to get rich. Shut the door. When others are greedy, I’ll be afraid. When others are fearful, I’ll be greedy.” – Warren…
Gasoline, diesel sales rebound in May as demand picks up
Gasoline sales rose 14% in the first half of May. New Delhi: Consumption of gasoline and diesel in India rose sharply in May as economic activity picked up and the…
Ambuja Cements, ACC shares up on Adani takeover news: Highlights
Adani wins bid for Holicm’s stake in Ambuja Cement and ACC; shares rise Adani Group has won a $10.5 billion (approximately Rs 81,361 crore) acquisition of Swiss cement giant Holcim’s…
Cryptos worst may be over after Rocky Week shakes up stablecoins
Crypto world stabilizes after turbulent week rocking stablecoins Cryptocurrencies steadied on Friday, with bitcoin recovering from 16-month lows after a volatile week led by a slump in the value of…
India faces constraints on domestic coal supply, needs to import: Govt
State limited in domestic coal supply: Govt New Delhi: According to the Coal Ministry, the country faces constraints on domestic coal supply, with the rest of the dry fuel demand…
Fraud at public sector banks down 51%; but not fast enough: RBI
Fraud in PSB drops 51% to Rs 40,295 crore: RBI New Delhi: The amount of fraud reported by public sector banks fell by more than 51% to Rs 40,295.25 crore…