Bitcoin consolidates at $50,000 with investors booking profits
In a noteworthy development, Reddit has divulged its strategic investment in Bitcoin (BTC), aligning itself with the likes of MicroStrategy and Tesla in acquiring digital assets.
S&P, Dow eke out another record closing high as Nvidia momentum endures
Carvana surged 32.1% on Friday after reporting its first-ever annual profit, helped by its pact with bondholders to cut its outstanding debt by $1 billion.
India’s best equity story on a 10-year view: Chris Wood
According to the report, Indian equities outperformed the world in dollar returns in the 11-year period between FY02 and FY12 when the country witnessed a private capex cycle.
Goldilocks period for financial sector over: Goldman
The brokerage has downgraded its ratings on SBI and ICICI Bank, while upgrading Bajaj Finance. It reiterated its buy rating on HDFC Bank.
Indiabulls Housing Finance rights issue lists at Rs 92/share
The intrinsic value of the partly paid shares is calculated by subtracting the pending instalment payment from the Thursday closing price of Indiabulls Housing Finance, resulting in the value of ₹88.75. The closing price of Indiabulls Housing on Thursday was ₹188.75, and the instalment to be paid is ₹100 per share.
What Nvidia’s historic rally means
Thursday’s M-Cap rally by Nividia was Wall Street’s largest one-day gain for a single company in history after the heavyweight chipmaker’s quarterly report beat expectations and reignited a rally fuelled by optimism about artificial intelligence.
SBI fails to draw buyers for Hindusthan National Glass’ Rs 1,703-cr bad debt
The bank had set a Rs 821 crore reserve price on the HNGIL debt, implying a 48% recovery on the total outstanding amount. Nearly half a dozen asset reconstruction companies (ARCs), including Edelweiss ARC and Phoenix ARC, submitted expressions of interest, as reported by ET on February 4. But none of them submitted a bid […]