Market News Top 10 News HDFC Bank to Move Payments Out of Core Banking – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: HDFC Bank to move payments out of core banking to ensure minimal downtime HDFC Bank will soon move its payments platform out of its core banking module to enable minimal payments downtime, even if core banking is not available. The private lender […] Written by Cherian Varghese June 21, 2022June 21, 2022
Market News Top Crypto News ProShares to Launch First ETF For Shorting Bitcoin – Top Crypto Updates ProShares to launch ETF aimed at shorting Bitcoin ProShares has announced plans to launch an exchange-traded fund (ETF) aimed at shorting Bitcoin. The ProShares Short Bitcoin Strategy ETF will allow investors to potentially profit from a decline in the price of Bitcoin or hedge their crypto exposure. In October 2021, ProShares launched its Bitcoin Strategy […] Written by Cherian Varghese June 21, 2022June 21, 2022
Market News Top 10 News DoT Extends Telecom PLI Scheme by One Year – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: DoT extends telecom PLI scheme by one year The Department of Telecommunications (DoT) has extended the production-linked incentive (PLI) scheme for telecom networking products by one year. It has raised the incentive rate by an additional 1%. The DoT has also amended […] Written by Cherian Varghese June 20, 2022June 20, 2022
Market News Top Crypto News Do Kwon, Terra Labs Slapped with Class-Action Suit – Top Crypto Updates Do Kwon and Terra Labs slapped with class-action suit An Illinois resident sued Terraform Labs, its founder Do Kwon, and several venture capitalist (VC) firms that make up the Luna Foundation Guard (LFG). The lawsuit claims that the defendants violated federal securities laws and misled investors. LUNA and TerraUSD (UST) collapsed last month after the […] Written by Cherian Varghese June 20, 2022June 20, 2022
Market News Top 10 News Coal India Exploring Green Mining Tech – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: Coal India exploring green mining technologies Coal India Ltd is exploring the deployment of green mining technologies in its mines to minimise adverse environmental impact. The company aims to ramp up its underground (UG) production four-fold to 100 million tonnes (MTs) by […] Written by Cherian Varghese June 17, 2022June 17, 2022
Market News Top Crypto News Panama’s President Vetoes Crypto Bill – Top Crypto Updates Panama’s President vetoes crypto bill Panama’s President Laurentino Cortizo has partially vetoed a ‘crypto bill’, saying it requires more work to better fit the country’s financial regulations. Cortizo had previously warned that he would not sign the bill unless it included additional Anti-Money Laundering rules. If passed, the new law would allow Panamanians to buy […] Written by Cherian Varghese June 17, 2022June 20, 2022
Market News Top 10 News SpiceJet Calls for 10-15% Hike in Airfares – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: SpiceJet to hike airfares up to 15% on fuel, forex costs SpiceJet Ltd has called for a 10-15% hike in airfares to counter high fuel costs and a weak rupee. Operating costs have increased to unsustainable levels. The airline’s MD Ajay Singh […] Written by Cherian Varghese June 16, 2022June 16, 2022
Market News Top Crypto News Blockchain Security Firm Forta Launches Native Token – Top Crypto Updates Blockchain security firm Forta launches native token Blockchain security firm Forta introduced a native token, FORT, to provide an incentive to secure the network. Forta was born from blockchain security startup OpenZeppelin late last year. It takes a decentralized approach to security by working with researchers who deploy bots to patrol various corners of the […] Written by Cherian Varghese June 16, 2022June 16, 2022
Market News Top 10 News JSW Steel’s Crude Steel Output Rises 31% in May – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: JSW Steel crude steel production rises 31% in May JSW Steel Ltd’s crude steel production (standalone) increased by 31% year-on-year (YoY) to 17.89 lakh tonnes in May. The production of flat-rolled products also expanded by 29% YoY to 12.84 lakh tonnes. The […] Written by Cherian Varghese June 15, 2022June 15, 2022
Market News Top Crypto News Coinbase Cuts Workforce by 18% – Top Crypto Updates Coinbase to cut workforce by 18% U.S.-based crypto exchange Coinbase will cut its global workforce by 1,100 or ~18% to ensure it stays “healthy during this economic downturn.” It will take a restructuring charge of up to $45 million to cover the job cuts, mostly for employee severance and other termination benefits. Coinbase stock was […] Written by Cherian Varghese June 15, 2022June 15, 2022
Market News Top 10 News WPI Inflation Rises to Record-High of 15.88% in May – Top Indian Market Updates Here are some of the major updates that could move the markets tomorrow: WPI inflation rises to record-high of 15.88% in May Inflation based on the Wholesale Price Index (WPI) hit a record high of 15.88% in May 2022, compared to 15.08% in April. The surge is mainly driven by inflation in vegetable prices, which […] Written by Cherian Varghese June 14, 2022June 14, 2022
Editorial What’s Happening at Yes Bank? Scandal-ridden Yes Bank has been all over the news lately. It has initiated the process to form a new Board of Directors. The private sector bank seeks to exit from the reconstruction scheme devised for its rescue in 2020. It has reported a positive momentum in overall business and even claimed to regain the trust […] Written by Cherian Varghese June 14, 2022June 14, 2022
Major IT Stocks are Falling! Find Out Why! The stock markets have not been kind to investors over the past few months. Foreign institutional investors (FIIs) have pulled out nearly Rs 1.65 lakh crore so far from the Indian equity markets this year. Major IT stocks (mostly considered defensive stocks historically) have been under heavy selling pressure. The NIFTY IT Index has fallen […] Written by Cherian Varghese May 26, 2022May 26, 2022
Aether Industries Ltd IPO: All You Need to Know The IPO ‘may-hem’ continues in the Indian stock markets! Gujarat-based speciality chemical manufacturer Aether Industries Ltd has launched its three-day initial public offering (IPO) today— May 24. In this article, we analyse the company and its IPO. Company Profile – Aether Industries Ltd Established in 2013, Aether Industries Ltd (AIL) is one of the fastest-growing […] Written by Cherian Varghese May 24, 2022May 24, 2022
Is Elon Musk’s Acquisition of Twitter a Mistake? Twitter has been all over the news lately. It’s a widely popular platform for political leaders to address citizens and celebrities to update their fans. Twitter has even become the common man’s public grievance centre. You can simply share anything under the sun (well, sort of). A Tweet can start worldwide movements or stir up […] Written by Anand P M May 23, 2022May 23, 2022
