Bitcoin rose as much as 4.5% on Thursday to trade around $18,356, its highest since early November, when the first signs of trouble at the FTX exchange began a tale of bankruptcy and criminal charges that has decimated the crypto industry. The cryptocurrency is on pace for its longest winning Continue Reading
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Bullard favours getting rates above 5% ‘as soon as possible’
Fed officials are mulling a further moderation in the pace of rate hikes following a slowing in US inflation. Consumer prices rose 6.5% in the 12 months through December, marking the slowest inflation rate in more than a year, Labor Department data showed. Excluding food and energy, the so-called core Continue Reading
Furniture Retailer Stanley Lifestyles plans Rs 700-cr IPO
The company, ICICI Securities and JM Financial, did not respond to ET’s queries. In 2018, Oman India Joint Investment Fund invested $24 million or ₹170 crore in the company for a 26% stake.
India, Guyana to join forces in oil and gas
“The leaders agreed on direct government-to-government cooperation across the entire spectrum of the oil and gas sector including increased long-term offtake, participation in exploration and production activities in Guyana, technical cooperation in the midstream and downstream sector and capacity building,” the oil ministry said in a statement.
Maharashtra sugar output set to decline 6-7%
Maharashtra had produced 138 lakh tonnes of sugar in the 2021-22 season, a record in the state’s history. The state, which accounts for more than one third of the country’s sugar production, was looking to break this record in the current season due to equally high planting of sugarcane. However, Continue Reading
Apax Partners likely to sell its entire stake in Shriram Fin via block deal
Dynasty Acquisition (FPI), a company linked to Apax Partners, is expected to sell up to 173 lakh shares, representing 4.63% stake in the company
Golden Crossovers: These 5 stocks signal further bullishness
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Tech View: Nifty forms bearish candles for 3 days in a row. What traders should do on Friday
The hourly momentum indicator triggered a positive crossover and is also showing divergence indicating that the momentum on the downside is weakening and the index is likely to start a fresh leg of up move in the next few trading sessions.
Alibaba Group sells 3% stake in Paytm parent for Rs 1,031 crore
The group, through its entity Alibaba.com Singapore E-Commerce, sold 1,92,00,000 shares of the company at Rs 536.95 a share, bulk deals data showed
Indices drop for 3rd straight day ahead of inflation data, key IT earnings
The BSE Sensex index ended 147 points or 0.25% lower at 59,958, while Nifty50 fell 37 points or 0.21% to settle at 17,858.