Stocks

Bitcoin could hit $100,000 by end-2024, Standard Chartered says

Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called "crypto winter" is over.

Indonesia bans coal exports in January on domestic power worries

Indonesia has banned coal exports in January due to concerns that low supplies at domestic power plants could lead to widespread blackouts, a senior official at the energy ministry said on Saturday.

Indian rupee gains 12 paise to 74.88 against US dollar in early trade

At the interbank foreign exchange, the rupee opened strong at 74.95 against the American dollar, then inched higher to 74.88, registering a rise of 12 paise from the last close.

Year Ender 2021: Sensex beaten hands down by majority of the sectorial indices

The broader markets witnessed a real ‘boom’ and no sectoral index ended in the negative, indicating the underlying bullishness in the markets.

Oil climbs on weaker dollar, China, amid Omicron caution

U.S. West Texas Intermediate (WTI) crude futures rose 50 cents, or 0.7%, to $71.62 a barrel at 0235 GMT after jumping 3.7% on Tuesday.

RBI tells board it favours a complete ban on cryptos

The Reserve Bank of India (RBI) conveyed to its central board that it favours a complete ban on cryptocurrencies, The Economic Times reported.

Is cost of maintaining a strategic petroleum reserve justified?

Though strategic stockpiling of oil was promoted by policymakers as the best way of insuring against supply shocks, questions remain as to whether the high cost of maintaining these stocks justified the benefits, especially for developing economies.

India needs 'self-belief' to draw from its past success: Rajan

Former RBI Governor Raghuram Rajan said India needs "aatmavishwas (self-belief)" to draw from its past success.

Most existing cryptos will perish, Raghuram Rajan says

Synopsis
The former Reserve Bank of India (RBI) governor Raghuram Rajan believes most of the existing cryptocurrencies will soon perish. Around 6,000 cryptocurrencies are in existence and Rajan believes that only one or two, or at most a handful, would survive.

Go Colors IPO to open for bidding during November 17-22

Go Fashion IPO: The price band and the lot size will be disclosed by the company in coming days. The offer comprises a fresh issue of Rs 125 crore and an offer for sale by promoters and investors

Biden says inflation 'top priority' as US prices hit 30-year high

The 6.2 percent climb in CPI compared to October 2020 was the sharpest annual increase since November 1990, and came as costs for everything from automobiles to gasoline increased, the Labor Department said.

Currency in use at record 14.5% of GDP amid 'dash to cash'

Synopsis
The post-pandemic increase in currency in circulation has been a global phenomenon, described as a ‘dash to cash’ under extreme uncertainty. Meanwhile, digital payments are nearly three times what they were in FY18.

India unlikely to take a tough stance on cryptocurrencies

Synopsis
A high-level government panel had in July 2s019 mooted an outright ban on all forms of private cryptocurrencies. It had suggested a fine of up to Rs 25 crore and imprisonment of as much as 10 years for anyone dealing in them.

BlackRock looks to power Tata Power's green business

Synopsis

BlackRock chairman and CEO Larry Fink is closing in on an investment of $500-750 million (₹3,750-5,625 crore) in Tata Power Renewable Energy Ltd (TPREL), said people with knowledge of the matter.

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