BUSINESS
Nearly 30K Bitcoin millionaires wiped in last 3 months
According to data acquired by financial news portal Finbold, between October and January, the number of Bitcoin addresses holding over $1 million has reduced by 28,186 or 24.26 per cent. According to data acquired by financial news portal Finbold, between October and January, the number of Bitcoin addresses holding over $1 million has reduced by 28,186 or 24.26 per cent.
Equities fall sharply on US Fed's rate hike guidance; Titan top loser
The Indian equities fell well over one per cent in early trade on Thursday after the US Fed's Federal Open Market Committee said that it was ready to tighten monetary policy through rate hike. In its latest meeting on Wednesday, the Federal Open Market Committee kept its policy interest rate "near zero" and stated its expectation that an increase in this rate would "soon be appropriate."
Tesla saw a breakthrough 2021 with $5.5 bn net income: Musk
Elon Musk has said that 2021 was a breakthrough year for Tesla and for electric vehicles in general, as the EV maker ended last year with $5.5 billion in net income, compared to $721 million in 2020. Tesla produced 305,840 vehicles in the fourth quarter, a 70 per cent increase over the previous year. For the full year 2021, the company delivered 936,172 vehicles, just short of the promised 1 million vehicles but still an increase of 87 per cent over the previous year.
Essar's JV to set up UK's largest hydrogen hub
Led by Essar as the majority shareholder, Vertex Hydrogen has been formed to provide the catalyst for development of a hydrogen economy across northwest England and north Wales.
India's 'Buy Now, Pay Later' segment poised to reach $56 bn by FY26
The segment provides short-term financing to make immediate purchases and the credit can be paid back at a later date. "India's BNPL is at an inflexion point with rising ecommerce and digital P2M payments fuelling deferred payments. BNPL GMV is poised to exhibit 74 per cent CAGR and account for 5 per cent of digital P2M payments by FY26E," HDFC Securities said. "The proliferation of BNPL as a mode of credit-based payment is gaining significant traction, particularly amongst the millennials and Gen-Z population within a short span of time."
Nadella ranked No 1 among CEOs in Brand Finance list, women CEOs lose, tech, TikTok and China surge
Nadella, a first-generation Indian immigrant to the US, "has been credited with overhauling Microsoft's fortunes by changing its culture towards one of teamwork, innovation, and inclusivity, and instilling a growth mindset throughout the business". Three other Indian-origin expat CEOs rank high: Sundar Pichai of Google is at 5, Shantanu Narayan of Adobe at 6, and Puneet Renjen of Deloitte at 14.
Specialty chemicals maker Neogen's shares double in 1 year guided by PLIs
The 30-year-old company, founded by Haridas T. Kanani, specialises in bromine based compounds, grignard reagents and inorganic lithium salts. Neogen operates out of three manufacturing facilities located at Navi Mumbai, Vadodara and Dahej SEZ (Special Economic Zones) in Gujarat. In the past one-year period, the shares of the firm rose 131 per cent to Rs 1,639 per share.
US stock market having worst ever start to a year
It's been a decidedly ugly start to the year for the US stock market, with particular pain in the tech trade.The 8.6 percent decline for the month edges out the 8.57 per cent drop experienced in January 2009. The S&P 500 data goes back to 1929, the report said. The sell-off has been even worse for the tech-heavy Nasdaq composite index.
Centrum Broking gives 'buy' call for Container Corp, Polycab India, Axis Bank
For Container Corporation of India, it has kept the target price at Rs 737 per share by FY23-FY24, against the current price of Rs 620. "Concor's domestic business is on a strong growth trajectory led by incremental cargo in commodities like cement, foodgrains, industrial salts, etc.," it said. The company's robust cash flows continue to support its elevated capital expenditure spending, leading to a debt-free balance sheet.
NYMEX crude oil seen at $66-96 per bbl in Jan-Mar, says Kotak Securities
Investors are advised to wait for a "corrective dip" before creating fresh long positions, it said. For crude oil on the Multi Commodity Exchange of India, prices are seen in a window of Rs 4,700-7,200. "While volatility may continue, general bias still remains positive with expectations of a tighter market," the brokerage said. Demand for crude oil is expected to grow, said the brokerage, adding that, however, challenges still persist in the form of risks from the virus, slower global economic growth and withdrawal of stimulus measures.
Don't Miss
Advertisement