The Nifty reclaimed the 18,000 mark and ended the session at 18,014, a gain of 208 points or 1.1 per cent
Posts in category Business Standard
Crypto Exchange Bitget records 200% growth in India since launch in 2022 (26-12-2022)
/ — Leading cryptocurrency exchange Bitget has recorded over 200% growth for digital assets’ trading volumes in the India market since its launch in early May ’22. With over 8 million users worldwide, Bitget has managed to capture a significant share of the South Asian market resulting in increased registrations from retail users.
Bitget’s performance has accelerated its positioning amongst other derivatives exchanges, ranking from top #20 to its current position #5 on Coingecko. It has captured over 500% growth ($600M to $5 Billion) in its trading volumes globally.
Supporting the cause of social trading Bitget has onboarded professional Indian traders for copy-trading on the platform, trades can be ‘copied’ by new users entering the crypto space to gain better exposure. This feature has helped the organisation record one of the highest growth rates in 2022.
“Bitget is a great platform for novice and professional users. Its tremendous growth and increased security has driven it to
Sebi issues notice to attach bank accounts of Subrata Roy Sahara (26-12-2022)
Move follows non-payment of dues amounting to Rs 6.42 crore levied for flouting regulatory norms
Shares snap four-day losing streak; Sensex gains 1.2%, Nifty 50 up 1.17% (26-12-2022)
The Nifty 50 index closed 1.17% higher at 18,014.60, and the S&P BSE Sensex gained 1.20% to 60,566.42, marking their biggest daily gain since Nov. 24
Key reasons why Sensex bounced back on Monday to rally 1,000 pts intra-day (26-12-2022)
Friday’s correction saw a sharp short-covering on Monday as market put aside fears around the Covid-19 situation in China
Missed inflation target, digital currency pilot mark RBI’s 2022 map (26-12-2022)
The Reserve Bank of India failed to deliver on its contracted inflation target for the first time, started fiat digital currency pilot and finally saw its efforts to improve bank balance sheets see fruition in 2022, making it a mixed year for the central bank.
With inflation ebbing into the target band, focus is likely to shift to helping economic growth in the new year, especially given the lagged impact of 2.25 per cent in rate hikes since May 2022, is likely to hamper GDP expansion.
The big story of 2022 happened on October 12, when official data showed that headline inflation was above the 6 per cent mark — the upper end of the tolerance band set for the central bank — for nine consecutive months. It triggered a letter from RBI to the government enumerating the reasons for the miss and also when it sees the price rise coming to the 4 per cent mark.
A bulk of the blame for persistent inflation was placed on the deteriorating global situation following the Russian invasion of ..
Missed inflation target, digital currency pilot mark RBI’s 2022 map (26-12-2022)
The Reserve Bank of India failed to deliver on its contracted inflation target for the first time, started fiat digital currency pilot and finally saw its efforts to improve bank balance sheets see fruition in 2022, making it a mixed year for the central bank.
With inflation ebbing into the target band, focus is likely to shift to helping economic growth in the new year, especially given the lagged impact of 2.25 per cent in rate hikes since May 2022, is likely to hamper GDP expansion.
The big story of 2022 happened on October 12, when official data showed that headline inflation was above the 6 per cent mark — the upper end of the tolerance band set for the central bank — for nine consecutive months. It triggered a letter from RBI to the government enumerating the reasons for the miss and also when it sees the price rise coming to the 4 per cent mark.
A bulk of the blame for persistent inflation was placed on the deteriorating global situation following the Russian invasion of ..
eClerx Services slips 7% on turning ex-date for buyback via tender offer (26-12-2022)
The company has proposed to buy back 1.71 million equity shares at a price of Rs 1,750 apiece via tender offer route
Poonawala Fincorp surges 13% after a 15% decline in past four trading days (26-12-2022)
Motilal Oswal Financial Services recently initiated coverage on Poonawalla Fincorp with a ‘buy’ rating and a target price of Rs 350 per share
L&T gains 2% on ‘significant’ order wins for its water treatment business (26-12-2022)
The company did not disclose the exact value of the orders. The value of the project is between Rs 1,000 crore to Rs 2,500 crore, as per L&T