Crypto Price Today: Bitcoin holds above $23,000; BNB & Uniswap add up to 8%
Markets digested US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan on August 2, 2022, which caused many investors to stay away from risky assets amid potential US-China tensions.
Creditors to Smaaash optimistic about recovery of dues
Smaaash Entertainment Pvt Ltd (SEPL) was admitted by the Mumbai National Company Law Tribunal (NCLT) following a default of ₹292.4 crore to Edelweiss Asset Reconstruction Company. The company suffered losses since it was shut for 18 months during the Covid-19 pandemic, but revenues improved after the Covid-related restrictions were lifted.
Uber sells 7.8% stake in Zomato via block deals
The American mobility service provider raised around ₹3,088 crore or $390 million at nearly 100% profit. In January 2020, Zomato had acquired Uber Eats’ India operations in a non-cash deal, following which Uber received a 9.19% stake in the restaurant discovery platform for around $200 million.
IRDAI eases norms of bank bonds, InvITs/REITs
“The aggregate value of AT1 (additional tier one) bonds held in a particular bank, at any point of time, shall not excess 10% of the total outstanding AT1 bonds of that particular bank,” Insurance Regulatory Development Authority of India (IRDAI) said late Wednesday. Earlier, the cap was meant for any particular primary issuance of those […]
I am suspicious of the rally in US, India: Christopher Wood
My view is that it is a bear market rally in the US. The reason to be sceptical about the rally in America is that you have a double whammy – tightening of higher rates and shrinking balance sheets – which is negative for liquidity.
Domestic funds’ July equity bets show sharp fall
The gross buy-to-sales ratio for these funds also moderated to 1.1 in July compared with the one-year average of 1.2. The ratio depicts the strength of investment. The gross purchase of local funds at Rs 80,131 crore was the lowest in fourteen months.
Sebi mulls cap on PMS investments in related entities
The current thinking within Sebi is to cap PMS firms’ investments in all equity and debt securities of related entities put together at 30%. The regulator might also ask portfolio managers to obtain the consent of clients if the money manager wants to invest in related parties, said the people cited above.