Latest Updates Around The World
Walmart-backed Indian fintech company PhonePe, the country’s most widely used payments platform, is targeting a valuation between $9 billion and $10.5 billion, two people with direct knowledge of the matter said.That suggests the IPO will raise about $900 million to $1.05 billion. But even at the high end, the deal would mark a cut from […]
Shares of Paras Defense rose as much as 11% to a daily high of Rs 750 on the BSE on Wednesday after the company announced that it had signed a Memorandum of Understanding (MoU) with Green Optics Co., Ltd., South Korea, to collaborate in optics and optical systems.Green Optics is engaged in the design and […]
Most analysts blame Bitcoin’s poor performance on a lack of liquidity, but there’s more to it than just that. Bitcoin’s 50% decline from all-time highs in just four months comes at a time when global liquidity has increased, contradicting the general premise that price follows liquidity. “The difference is striking and requires explanation,” said Chris […]
Towing metal supplies | Photo credit: koto_feja Metal stocks came under sharp selling pressure on Wednesday, reflecting weakness in global markets and broad-based risk-off sentiment caused by escalating geopolitical tensions in West Asia. The Nifty Metal index fell nearly 5 percent to an intraday low of 11,690.30, lower than the previous close of 12,269.80, due […]
Representative AI image NEW DELHI: Godrej Properties (GPL) has acquired 11.36 hectares of land for residential development in Sector 63A, Gurugram, through an outright purchase.This project will offer residential development with an estimated revenue potential of over ₹4,500 crore, comprising a mix of high-quality low-rise and high-rise residential properties. Gaurav Pandey, Managing Director and CEO […]
I woke up this morning to prepare breakfast and saw this interview with Derek Pilecki long/short financial investments, regional banks, non-banks and insurance by Value after office hours: Derek runs Gator Capital and he focuses on value investing in banking, insurance and finance-related companies, so it’s interesting to hear his comments on different things. A […]
Kansas City Federal Reserve President Jeffrey Schmid reiterated his opposition Tuesday to further rate cuts, arguing that inflation remains too high and the U.S. labor market is largely in equilibrium.In remarks to the Metro Denver Executive Club, Schmid said inflation has been above the Federal Reserve’s 2% target for nearly five years. He warned that […]
Markets experienced a second straight session of sharp and erratic price swings after US and Israeli attacks on Iran last weekend heightened geopolitical tensions. A key concern for investors is the risk of disruption to the Strait of Hormuz, a vital chokepoint that carries about a fifth of the world’s oil supply. Any sustained disruption […]
A Coinbase delegation, led by CEO Brian Armstrong, was at the White House on Tuesday, according to Crypto in American Eleanor Terrett. The visit was reported hours after President Donald Trump issued a statement on Truth Social, urging banks to strike a deal with crypto companies on the Major Crypto Market Structure Act. It was […]
Some houses work quietly with you. Others seem to require constant effort. One person feels calm, functional and forgiving, while the other needs constant attention in the form of surfaces to be tidied, light fixtures to be repaired, furniture to be rearranged or clutter to be cleared. The difference is usually not in size or […]
