Latest Updates Around The World
Demand for household products and groceries recovered in the second quarter even before the cut in goods and services tax rates on key staples came into effect on September 22, as shown by the latest data from Numerator (formerly Kantar) and growth rates of leading fast-moving consumer goods (FMCG) companies.FMCG sales volume rose 4.7% year-on-year […]
Gaming companies reported significant writedowns on India-linked assets for the September quarter, underscoring the sharp impact of India’s ban on real-money gaming on corporate profits.Although the ban has been in place since August, the latest earnings cycle marks the first significant impact on the balance sheet after the immediate shutdown of cash gaming operations. US-based […]
Renowned author of Rich Dad Poor Dad, Robert Kiyosaki, has spoken out about recent volatility in global markets, including Bitcoin’s sharp decline, and says he is not selling his assets despite the recession. He argued that the current sell-off is driven by a global rush for cash rather than a collapse in fundamental value. In […]
Gold prices in India have fallen from recent highs, but the decline is seen as a technical correction rather than a sign of weakening momentum. After rising steadily over the past few months, MCX gold slid towards the crucial support zone of Rs 1,21,800, raising questions on whether the broader rally was losing steam.However, analysts […]
Foreign institutional investors (FIIs) sold Rs 13,925 crore worth of Indian equities between November 1 and 14, marking a sharp increase in selling pressure in the first half of the month. The pace of outflows has accelerated in recent sessions, reflecting shifting global investment flows and a rotation to other major markets.Even as long-term interest […]
Markets traded with positive undertones all week, recovering smartly from lower levels. After reacting positively to strong election results in Bihar and hopes of a possible US-India trade deal, Nifty posted steady gains throughout the week.The index fluctuated within a range between 25,449 and 26,010, marking a trading band of 561 points. India’s VIX fell […]
Next week’s IPO calendar is relatively light, with only two offerings opening on November 19. The motherboard spotlight is firmly on Excelsoft Technologies, while the SMB segment will see the launch of Gallard Steel. Activity has waned after a series of issues, leaving Excelsoft as the only motherboard list investors can closely monitor.As many as […]
As companies focused on stockpiling bitcoin and other major cryptocurrencies come under pressure from market saturation and deteriorating sentiment, new entrants are pushing into less popular tokens, fueling concerns about increased volatility.Buoyed by US President Donald Trump’s crypto-friendly stance and inspired by the rapid success of Michael Saylor’s strategy, the number of publicly traded companies […]
Yield-bearing assets in the cryptocurrency market are expected to grow rapidly as institutional adoption accelerates following the passage of the GENIUS Act, blockchain company RedStone said in a report on Wednesday.The US has passed the GENIUS Act, a stablecoin law that creates a regulatory framework for dollar-pegged cryptocurrencies, creating a wave of interest-bearing stablecoins. However, […]
