India’s New Crypto Bill Plans to Ban Private Players – Top Crypto News India’s new crypto bill plans to ban private players There is a concern in the market that India may go for a ban on private cryptocurrencies. The winter session will begin on 29th November. The government also plans to create a new digital currency that will be issued by RBI. Mixed messages on crypto tax […] Written by Amal M Prashanth November 24, 2021November 24, 2021
IMF advises El Salvador on Bitcoin – Top Crypto News IMF recommends El Salvador not use bitcoin as legal tender The International Monetary Fund (IMF) on Monday said El Salvador should not use bitcoin as legal tender, considering risks related to the cryptocurrency. The IMF statement came just after El Salvador announced that he was planning to build Bitcoin city. Cryptocurrencies fade on news that […] Written by Amal M Prashanth November 23, 2021November 23, 2021
Dogecoin is the Most Googled Cryptocurrency in the US – Top Crypto News Shiba Inu Slips in Coinbase Volume Rankings After Topping the List for 2 Weeks SHIB accounted for 6.72% of the total turnover on Coinbase, the Nasdaq-listed crypto exchange, slipping to the third position behind Bitcoin and Ether. SHIB is still ahead of prominent cryptocurrencies like programmable blockchains Solana and Polkadot’s SOL and DOT tokens. French […] Written by Amal M Prashanth November 22, 2021November 22, 2021
Digital Currencies Won’t Impact US sanctions – Top Crypto News Digital currencies won’t impact US sanctions, Treasury exec says Central bank digital currencies (CBDC) like Russia’s digital ruble do not pose any threat to United States sanctions, according to the U.S. Deputy Treasury Secretary Wally Adeyemo. In a CNBC interview on Wednesday, Adeyemo argued that the U.S. dollar “will remain the dominant currency in the […] Written by Amal M Prashanth November 20, 2021November 20, 2021
Crypto Ban Unlikely in India, but Govt to Discourage Trade – Top Crypto News Crypto Ban Unlikely in India, but Govt to Discourage Trade According to reports, the Indian government has indicated that it plans to regulate cryptocurrencies to prevent investors from holding them without any restriction. However, the Centre does not want to ban crypto coins entirely, as it had planned earlier. The Centre is likely to allow only […] Written by Amal M Prashanth November 19, 2021November 19, 2021
Manappuram Finance Posts 8% YoY Fall in Net Profit in Q2 – Top Indian Market News Manappuram Finance Q2 Results: Net profit falls 8.8%% YoY to Rs 369 crore Manappuram Finance Ltd reported an 8.8% YoY decline in consolidated net profit to Rs 369.88 crore for the quarter ended September (Q2 FY22). Its income from operations fell 2.15% YoY to Rs 1,531.92 crore during the same period. Assets under management (AUM) […] Written by Cherian Varghese November 13, 2021November 13, 2021
Bitcoin Crosses $50,000 Mark – Top International News Markets Bounce Back Up; Tech Stocks Rally Stocks in the U.S. market moved up in the first day of the week along with European peers, gaining back from the dips of last week. The S&P 500 and NASDAQ 100 moved up continuing momentum from Friday evening. The commodity market has started stabilising with crude back […] Written by marketfeed Team August 23, 2021August 23, 2021
MobiKwik Files DRHP For Rs 1,900 crore IPO – Top Indian Market News MobiKwik files DRHP for Rs 1,900 crore IPO Digital payments firm MobiKwik has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI to raise Rs 1,900 crore via an initial public offering (IPO). The IPO consists of a fresh issue of shares worth Rs 1,500 crore and an offer for sale (OFS) of […] Written by Cherian Varghese July 12, 2021July 12, 2021
Zomato Gains 20% in Grey Market Before IPO – Top Indian Market News Zomato grey market premium hits 20%, Info Edge slashes OFS by half Zomato, a food delivery aggregator, has reportedly hit 20% in the grey market according to sources trading in unlisted shares. This comes in light of investor excitement after SEBI approved Zomato’s IPO plans to raise Rs 8,250 crores. Info Edge, a key shareholder, […] Written by Maarg Vaidya July 6, 2021July 6, 2021
Ashok Leyland to Set Up ‘Mother EV’ Plant in India – Top Indian Market News Ashok Leyland to set up ‘mother EV’ plant in India Ashok Leyland Ltd has announced plans to set up a ‘mother plant’ in India under its UK-based subsidiary Switch for its electric vehicle (EV) business. Switch UK will set up an Indian entity, which in turn will establish the plant. Ashok Leyland’s entire EV business […] Written by Cherian Varghese June 26, 2021June 26, 2021
HDFC Bank to Acquire 4.99% Stake in HDFC ERGO – Top Indian Market News HDFC Bank to acquire 4.99% stake in HDFC ERGO HDFC Bank Ltd will acquire a 4.99% stake (or 3.56 crore shares) in HDFC ERGO General Insurance Co. from its parent company Housing Development Finance Corp. Ltd (HDFC). The Board of Directors of HDFC Limited has approved the sale of these shares at Rs 536 per […] Written by Cherian Varghese June 19, 2021June 19, 2021
Jubilant Foodworks Reports 395% YoY Jump in Net Profit in Q4 – Top Indian Market News Jubilant Foodworks Q4 Results: Net profit jumps 395% YoY to Rs 104.3 crore Jubilant Foodworks Ltd reported a 395.5% YoY jump in net profit to Rs 104.3 crore for the quarter ended March (Q4). Its revenue from operations rose 14.3% YoY to Rs 1025.9 crore during the same period. Earnings before Interest, Tax, Depreciation & […] Written by Cherian Varghese June 15, 2021June 16, 2021
