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“Crypto Market Stabilizes Following SEC Lawsuits Against Coinbase and Binance”-thumnail

“Crypto Market Stabilizes Following SEC Lawsuits Against Coinbase and Binance”

“Crypto market shows signs of stabilization after a sharp sell-off triggered by SEC lawsuits against Coinbase and Binance. While some tokens continue to drop, the pace has slowed down, with

Finance

Jun 12, 2023

Reserve Bank of India (RBI) Targets One Million CBDC Users by June-End-thumnail

Reserve Bank of India (RBI) Targets One Million CBDC Users by June-End

The Reserve Bank of India (RBI) is aiming to onboard one million users for its central bank-backed digital currency (CBDC) by the end of June, according to T Rabi Shankar, Deputy Governor of RBI. He made this announcement during a press conference following the monetary policy announcement on Thursday.

Finance

Jun 9, 2023

Wall Street Closes With Historically Low Volatility Before A Busy Week-thumnail

Wall Street Closes With Historically Low Volatility Before A Busy Week

The bounce in technology companies helped U.S. markets close higher on Thursday, recovering some of their previous momentum. Volatility also decreased to record lows ahead of a busy economic and policy schedule the following week.

A new post-pandemic record low was reached for the CBOE Volatility index, also referred to as Wall Street’s fear barometer.

Business

Jun 9, 2023

Inflation Rate Expected to Ease-thumnail

Inflation Rate Expected to Ease

The Monetary Policy Committee (MPC) has maintained its economic growth projections for the 2023-24 financial year at 6.5%. While the first two quarters are expected to deliver slightly more growth,

Business

Jun 8, 2023

IKIO Lighting IPO Receives Substantial Investor Interest, Oversubscribed 3.61 Times-thumnail

IKIO Lighting IPO Receives Substantial Investor Interest, Oversubscribed 3.61 Times

IKIO Lighting’s IPO generates buzz, oversubscribed 3.61 times, with strong investor demand. LED solutions provider seeks to raise Rs 350 crore for debt repayment, new facility setup, and corporate purposes. A diverse customer base and integrated manufacturing infrastructure contribute to investor enthusiasm.

Finance

Jun 7, 2023

Euro Zone Faces Persistent Price Pressures, but Monetary Policy Shows Effectiveness-thumnail

Euro Zone Faces Persistent Price Pressures, but Monetary Policy Shows Effectiveness

The President of the Dutch central bank, Klaas Knot, has stated that underlying price pressures in the euro zone may pose challenges, although monetary policy is exhibiting signs of effectiveness.

Finance

Jun 6, 2023

RBI Announces VRRR Auction to Tackle Liquidity Surplus-thumnail

RBI Announces VRRR Auction to Tackle Liquidity Surplus

RBI

Finance

Jun 6, 2023

El Salvador is collaborating to develop a $1 billion Bitcoin mining facility-thumnail

El Salvador is collaborating to develop a $1 billion Bitcoin mining facility

Volcano Energy stated that the funds would be used to build a 241 MW solar and wind energy power generation park in the northern town of Metapan, which will eventually

Finance

Jun 6, 2023

Bank of Korea (BOK) Prioritizes Dollar Liquidity Over Gold Holdings for Foreign Exchange Reserves-thumnail

Bank of Korea (BOK) Prioritizes Dollar Liquidity Over Gold Holdings for Foreign Exchange Reserves

In a recent statement, the Bank of Korea (BOK) expressed its preference for maintaining dollar liquidity rather than increasing its gold holdings for foreign exchange reserves. The BOK’s Reserve Management Group highlighted the need for a cautious approach in determining the gold-to-reserves ratio, citing various factors influencing their decision.

Finance

Jun 6, 2023

WestBridge Capital purchases majority stake in Kovai Pazhamudhir Nilayam of Tamil Nadu-thumnail

WestBridge Capital purchases majority stake in Kovai Pazhamudhir Nilayam of Tamil Nadu

According to sources, private equity firm WestBridge Capital has acquired a majority investment in Tamil Nadu-based fruits and vegetable retailer KPN Farm Fresh in an effort to increase its bets

Finance

Jun 6, 2023

The Japanese yen is weakening again, prompting another billion-dollar intervention-thumnail

The Japanese yen is weakening again, prompting another billion-dollar intervention

Because of recent currency weakening, some market observers believe that the central bank of Japan will continue to pursue its ultra-dovish monetary policy in an environment of high rates and

Finance

Jun 6, 2023

Embassy Office Parks REIT Secures Interest Savings Through NCDs-thumnail

Embassy Office Parks REIT Secures Interest Savings Through NCDs

Embassy Office Parks REIT, India’s first listed Real Estate Investment Trust (REIT), recently announced its successful debt raise of Rs 1,050 crore through non-convertible debentures (NCDs). This campaign is being held in order to refinance bank loans whose interest rates are about to reset.

Finance

Jun 5, 2023


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