Market News Top 10 News CPI Inflation Falls to 6.71% in July – Top Indian Market Updates Here are some of the major updates that could move the markets on Monday: CPI inflation falls to 5-month low of 6.71% in July India’s retail inflation (measured by the Consumer Price Index) fell to a five-month low of 6.71% in July. CPI stood at 7.01% in June. Inflation in the food basket also showed […] Written by Cherian Varghese August 12, 2022August 13, 2022
Editorial Syrma SGS Technology Ltd IPO: All You Need to Know An IPO has arrived at Dalal Street after nearly three months! Chennai-based Syrma SGS Technology has launched its initial public offering (IPO) today— August 12. In this article, we take a closer look into the company and its IPO. Company Profile – Syrma SGS Technology Ltd Syrma SGS Technologies Ltd (SSTL) is an engineering and […] Written by Cherian Varghese August 12, 2022August 12, 2022
Market News Top Crypto News BlackRock Launches Spot Bitcoin Private Trust – Top Crypto Updates BlackRock launches Spot Bitcoin Private Trust BlackRock has launched a Spot Bitcoin Private Trust to offer its U.S.-based institutional clients direct exposure to the most popular cryptocurrency. The company said it is seeing “substantial interest” from some of its institutional clients in accessing crypto markets through its technology. The asset manager is also exploring permissioned blockchains, stablecoins, crypto-assets, […] Written by Cherian Varghese August 12, 2022August 12, 2022
Market News Top 10 News Bharti Airtel Launches Wynk Studio – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Bharti Airtel launches Wynk Studio to support independent artists Bharti Airtel Ltd has launched Wynk Studio, a music distribution ecosystem for independent artists. The studio enables artists to launch and monetise their music. The company has earmarked Rs 100 crore to promote […] Written by Cherian Varghese August 11, 2022August 11, 2022
Market News Top Crypto News ED Probing Crypto Exchanges for Alleged Laundering – Top Crypto Updates ED probing crypto exchanges for alleged laundering of over Rs 1,000 crore The Enforcement Directorate (ED) is probing at least ten crypto exchanges for allegedly laundering more than Rs 1,000 crore as crime proceeds of the accused companies in an instant loan app case. Several loan apps had reportedly approached these exchanges to buy crypto worth […] Written by Cherian Varghese August 11, 2022August 11, 2022
Market News Top 10 News Hindalco Posts 48% YoY Rise in Net Profit in Q1 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Hindalco Industries Q1 Results: Net profit rises 48% YoY to Rs 4,119 crore Hindalco Industries reported a 48% YoY increase in consolidated net profit to Rs 4,119 crore for the quarter ended June (Q1 FY23). This is the highest-ever quarterly profit figure […] Written by Cherian Varghese August 10, 2022August 10, 2022
Market News Top Crypto News DeFi Exchange Curve Finance Gets Hacked – Top Crypto Updates DeFi exchange Curve suffers frontend hack Decentralized trading platform Curve Finance confirmed reports that its website had suffered a frontend attack on Tuesday. Hackers compromised a Curve website or domain name to redirect users or their transactions to a malicious destination. According to blockchain detective Zachxbt, hackers stole $570,000 in ETH and sent it to […] Written by Cherian Varghese August 10, 2022August 10, 2022
Market News Top 10 News Bharti Airtel Posts 466% YoY Jump in Net Profit in Q1 – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Bharti Airtel Q1 Results: Net profit jumps 466% to Rs 1,606 crore Bharti Airtel Ltd reported a 465.81% YoY jump in consolidated net profit to Rs 1,606.9 crore for the quarter ended June (Q1 FY23). However, net profit fell 20% when compared […] Written by Cherian Varghese August 8, 2022August 8, 2022
Market News Top Crypto News CFTC May Become Primary Regulator of Crypto Markets – Top Crypto Updates CFTC may become primary regulator of crypto spot markets Three different bills have been introduced in the U.S. to empower the Commodity Futures Trading Commission (CFTC) to be the primary regulator of the crypto spot markets. It will lead to more safeguards for consumers, market integrity, and innovation in the digital commodities space. The bill […] Written by Cherian Varghese August 8, 2022August 8, 2022
Market News Top 10 News RBI Raises Repo Rate by 50 bps to 5.4% – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: RBI raises repo rate by 50 bps to 5.4% The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has raised the repo rate by 50 basis points to 5.4% to bring down inflation in the country. “The MPC also […] Written by Cherian Varghese August 5, 2022August 5, 2022
Market News Top Crypto News BlackRock Partners With Coinbase in Crypto Market Expansion – Top Crypto Updates BlackRock partners with Coinbase in crypto market expansion The world’s largest asset manager, BlackRock Inc., is partnering with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin. Top BlackRock clients will be able to use its “Aladdin” investment-management system to oversee their exposure to Bitcoin, stocks, and bonds. The system will also facilitate financing […] Written by Cherian Varghese August 5, 2022August 5, 2022
Market News Top 10 News Yes Bank Plans Growth Roadmap After $1B Capital Raising – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Yes Bank plans growth roadmap after $1 billion capital raising Yes Bank is aiming to expand its loan book by 15% in FY23 and acquire smaller rivals to revive its business, said CEO Prashant Kumar. The bank’s expansion plan comes after it […] Written by Cherian Varghese August 4, 2022August 4, 2022
Paytm Shares Are Up 32% From 52-Week Low. What Next? Shares of One97 Communications Ltd, the parent company of digital payments platform Paytm, have recovered ~32% from its 52-week low. Unfortunately, the stock is still down by Rs 1,280 or 65% compared to its IPO listing price of Rs 1,955! In today’s article, we analyze the recent developments surrounding Paytm and its financial performance. What […] Written by Cherian Varghese July 6, 2022July 7, 2022
An Analysis of India’s Green Hydrogen Industry India has announced plans to de-carbonize within the next 30 years. The government has taken strategic decisions to reduce the reliance on fossil fuels and cut down costly imports. Our country’s target of achieving 175 gigawatts (GW) of renewable energy capacity by 2022 has received a significant boost through new policies. As part of these […] Written by Cherian Varghese July 1, 2022July 2, 2022
Why RBL Bank’s Share Price is Down 60% this Year? RBL Bank’s share price has tanked by nearly 60% in a year and ~30% in the second week of June! The bank’s top-level management, financials, and asset quality are being questioned. In this piece, we figure out what led to the price crash and if India’s central bank could possibly recover RBL Bank’s damaged share […] Written by Maarg Vaidya June 28, 2022June 28, 2022
