Photo: CoinDesk
Bitcoin Value Stumbles By 7.9% To Clock $47,525
The market valuation of cryptocurrency spearhead 'Bitcoin' fell by 7.9% to clock $47,525 on April 23. Reportedly, the cryptocurrency soared at an all time high of $64,870 on April 14 before plunging below its 100-day moving average. Experts have warned of more future losses as US is eyeing to increase capital gain tax rate to 39.6%, thereby igniting negative investor sentiments. Notably, this is Bitcoin's worst performance since March 2020.… read-more
Tags: Bitcoin, Cryptocurrency, Wall Street, Stock market
Courtesy: The Indian Express
Photo: Scroll
S&P Index To Delist Adani Ports, Cites Firm's Ties With Myanmar Military
India-based Adani Ports and Special Economic Zone Ltd will be delisted from S&P Dow Jones's sustainability index before April 15. The decision has been taken because of the firm's association with the human rights violation-accused Myanmar military. Reportedly, a $290-million port is being constructed by the company on the military-backed corporation land. However, the company has not issued any comment on the delisting yet.
Tags: Adani Groups, Myanmar Military, Stock market, Gautam Adani
Courtesy: NDTV
Photo: UTI Mutual Fund
Equity Schemes Witness Net Inflow After 9 Months In March
Indian equity mutual funds have recorded an inflow of Rs 9,115 crore in March. Witnessing inflows for the first time in nine months, the Association of Mutual Funds in India data reported Rs 4,534-crore outflow from the equity and the equity-linked schemes in February. Reportedly, the overall outflow stood at Rs 29,745 crore for the period studied. Meanwhile, gold exchange-traded funds witnessed an inflow of Rs 662 crore in March.
Tags: Equity, Stock market, Funds, Companies
Courtesy: Business Standard
Photo: Bloombergquint
SEBI Encourages Startups' Listings By Easing Eligibility Rules
To bring more start-ups into stock market, SEBI has eased the eligibility rules by bringing necessary amendments. Easing the delisting process, the regulator has provisioned that promoters or acquirers will have to disclose intention of delisting by making public announcements. Besides, slashing the time period for pre-issue shareholders to 1 year from 2 year, SEBI increased the pre-issue shareholding of 'Innovators Growth Platform investors… read-more
Tags: SEBI, Stock market, start-up business, De listing
Courtesy: Money Control
Photo: The Economic Times
Kalyan Jewellers To Go For Rs 1,175 Cr IPO Launch From March 16-18
India's biggest jewellery group Kalyan Jewellers plans for an Initial Public Offering during March 16-18. Reportedly, the price cap of shares has been set at Rs 86-87, along with a total share sale of Rs 1,175 crore. While capping 50% and 35% of the total issues respectively for institutional buyers and retail investors, Rs 20 million have been reserved for eligible employees. Currently, Kalyan Jewellers has over global 100 showrooms clocking… read-more
Tags: Kalyan Jewellers, IPO, SEBI, Stock market, Indian Stock Market
Courtesy: Your Story.Com
Photo: Groww
Indigo Paints Bullish On Stock Market Debut With 85% Premium
Shares of Indigo Paints on February 2 soared by 85% to Rs 2,756.30 in the Bombay Stock Exchange from its issue price of Rs 1,490 on its stock exchange debut. The increase was credited to the optimism following the Union Budget. Reportedly, Indigo's Initial Public Offering (IPO) was subscribed 117 times by institutional and HNI investors, resulting in bids for the 64.58 crore shares. Indigo is ranked among top 5 paint companies in India.
Tags: BSE, Indigo Paints, IPO, Stock market, business
Courtesy: Times Now
Photo: Investing.com
US Market Dives After Donald Trump Tests Positive For COVID-19
The US stock market on October 2 faced a wave of market volatility after President Donald Trump and his wife tested positive for COVID-19. The market saw an initial drop but, eventually, investors gained confidence. While Dow Jones lost 1.4% in the beginning, Nasdaq index lost 2.2%. The European markets also showed a similar trend. Oil companies were one of the worst-hit with Brent crude facing a fall of 5%.
Tags: Donald Trump, Stock market, Coronavirus, US Elections
Courtesy: The Guardian
Photo: The Economic Times
Indian Private Banks to Gain Higher Market Shares; Predicts Fitch Ratings
Large and mid-sized private banks in India are predicted to gain higher market shares compared to the public banks in the medium term. A credit rating agency by the name "Fitch Ratings", predicted the statement on September 3. It stated that private banks witnessed an annual growth of 19.6%, compared to 8.5% of the public banks. It further stated that state banks were constrained by unpaid loans, larger losses, and weaker capitalization.
Tags: Indian Banks, PUBLIC SECTOR BANKS, Stock market
Courtesy: ANI News
Photo: Livemint
Indian Rupee Falls 21 Paise Against US Dollar
The Indian Rupee skids to 21 paise on August 20 to settle at 75.03 against the US Dollar. For the intra-day trading, Rupee value ranged from high of 74.93 to low 75.05. The Rupee has recovered by 2.44% against the US dollar since it hit an all-time low of 76.91 in the month of April. The domestic forex market, currently, operates from 10am to 2pm owing to the pandemic.
Tags: business, Stock market, FOREIGN DIRECT INVESTMENT, NATIONAL STOCK EXCHANGE, BSE SENSEX
Courtesy: NDTV
