Posts in category Economic Times
Bitcoin ‘halving’ cuts supply of new tokens in threat to miners (22-04-2024)
The once-every-four-years event cut in half the so-called mining reward, which is the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions.
Follow-up buying could take Nifty higher: Analysts (22-04-2024)
US Markets are in oversold territory, and European indices have taken support near crucial moving averages, which mean a meaningful recovery can be expected from global equity markets.
FPIs mount bearish bets as risk aversion grows (22-04-2024)
The long-short ratio of foreign portfolio investors (or FPIs') Nifty futures bets fell to 35.4% on Friday, from about 56% a week ago. The long-short ratio in index futures is a measure of the number of bullish positions versus bearish. A low reading means foreign investors are bearish. The reading was 12.4% on February 28, 2020, when concerns over the spread of Covid had erupted.
Lavasa creditors invoke DPIL’s guarantee (21-04-2024)
Creditors invoked a guarantee due to CIRP non-compliance, halting the Lavasa project. Legal battles continue as lenders lose confidence in the resolution applicant. NCLT and NCLAT petitions are pending, with DPIL seeking more time.
Inflation sustainably moving towards RBI target enough for a rate cut: Ashima Goyal (21-04-2024)
Ashima Goyal emphasized India's resilience to supply shocks and anchoring of inflation expectations. Bhide expects food inflation to ease in 2024. Both acknowledged inflation risks from geopolitical tensions.
HDFC Bank to keep margins at current levels (21-04-2024)
HDFC Bank MD emphasizes stability over growth, positive outlook for next 2-3 years post-merger. Focus on quality, slow growth strategy. Plans to raise ₹60,000 crore in infrastructure bonds for cost reduction.
AdaniConneX in talks with banks to raise $900-950 million (21-04-2024)
AdaniConneX secures $900-950 million loan from MUFG Bank for 1 GW data centre expansion in multiple Indian cities. The loan, with an interest rate above SOFR, aims to support Adani Group's venture into the data centre business.
Ahead of Market: 10 things that will decide stock action on Monday (21-04-2024)
Indian benchmark equity indices defied global weakness to close higher on Friday, boosted by HDFC Bank, although the gains were not enough to prevent their first weekly loss in five on worries over the Middle East conflict and U.S. rates.
Meme Coins – whether to invest or not? (21-04-2024)
Amidst the ongoing bullish sentiment in the crypto market, with Bitcoin reaching all-time highs, altcoins and meme coins are also experiencing a surge in popularity. It is important to educate investors about meme coins as more people are engaging in regular buying and investing activities.