Big bettors are questioning WazirX, the cryptocurrency exchange facing insolvency in Singapore after a major crypto heist. Two large investors, Bitcipher Labs and NextGenDev, are uncertain why they are listed as creditors of Zettai, a Singapore company, when their dealings were with Indian entity Zanmai.
Is Nifty expensive? Why judge today’s valuations through yesterday’s lens, asks Pankaj Pandey
ICICI Direct’s Pankaj Pandey believes India’s Nifty has structurally transformed, making historical valuation comparisons obsolete. He suggests current valuations, though seemingly rich at 20x FY27