The cryptocurrency market was broadly trading in the green on Thursday. Bitcoin, the world’s largest cryptocurrency by market cap, jumped 13 percent after El Salvador voted to adopt Bitcoin as a legal tender. Alternative digital coins, or altcoins, were also trading higher. The price rise comes despite the rising…
GameStop, the video-game retailer whose manic stock movements captivated Wall Street this year, said Wednesday that it brought on a pair of Amazon veterans as its new chief executive and chief financial officer to aid in its much anticipated digital turnaround. Matt Furlong, who most recently oversaw Amazon’s…
India’s top gas importer Petronet LNG (PLNG.NS) will invest $2.6 billion over five years to expand local infrastructure as investing in overseas projects is ‘not lucrative’ in the current liquefied natural gas (LNG) surplus market, its head of finance said. “Right now, investment in…
Indian Railways intends to provide LTE or long-term evolution, based mobile train radio communication on its route, with the allotment of the 5MHz 4G spectrum system. Bringing a strategic shift to Indian Railway operations, the central government today approved the allotment of 5 MHz spectrum in 700 MHz frequency band…
According to Department of Economic Affairs, the higher economic growth during the fourth quarter may be linked to the unlocking phase and revival in business that was underway during the period. After the country’s gross domestic product (GDP) grew by 1.6 per cent in the January-March quarter of fiscal 2021,…
The Sensex ended 334 points lower at 51,941 while the Nifty lost 105 points to settle at 15,635. Indian indices pared gains to ended lower on Wednesday as all key sectors witnessed broad-based selling with auto, banking and metals dragging the most. The Sensex ended 334 points lower at 51,941 while the Nifty lost 105…
El Salvador became the first country in the world to adopt bitcoin as a legal tender after Congress approved President Nayib Bukele’s proposal to embrace cryptocurrency. Bitcoin’s use as a legal tender will become law within three months. Lawmakers in the South American country voted by a…
The Indian market is likely to open higher on Monday following gains in global markets. At 7:10 am, the SGX Nifty was trading 68.00 points or 0.43 percent higher at 15,777.00, indicating a positive start for the broader index in India. Maruti Suzuki | The company’s total production in May 2021 jumped to 40,924…
The Indian market may start Monday’s trading session at a fresh record high as the trend on SGX Nifty indicates a gap-up opening for the broader index in India. The Nifty futures were trading 26.00 points or 0.17 percent higher at the 15,735.00 level on the Singaporean Exchange at 7:45 am. 1. Wall Street | US…
Government has capped the trade margin on price of oxygen concentrators to up to 70 per cent. Looking at the volatility in the price of oxygen concentrators, especially during the past one month when the second wave of the Coronavirus pandemic was at its peak and demand for it had reached sky high, the Government has…