Oil prices rose about 1% in volatile trade on Tuesday, bouncing off multi-month lows hit in the previous session, as investor attention turned to supply tightness and financial markets recovered from their recent slump. Brent crude futures were up 58 cents, or 0.8%, to $76.88 a barrel at 11.38 a.m. […]
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The Ministry of Finance recently made it clear in a written reply in the Lok Sabha that the government is not considering a law to regulate the transaction of cryptocurrencies. “Currently, there is no proposal to bring legislation for regulating the sales and purchase of virtual digital assets in the […]
Indian Crypto exchange WazirX filed a first information report (FIR) based on the previous police complaint connected to the cybersecurity attack, which cost the company $230 million in the form of crypto assets. The FIR was filed at PS Special Cell, PS Lodhi Colony in New Delhi, according to WazirX’s […]
Uber Technologies Inc. stock surged more than 9 per cent on Tuesday after the company reported better than expected results in the second quarter. At 12:47 p.m. EDT, Uber Technologies stock was at $64.15, higher $5.66 or 9.69 per cent. Uber’s second quarter results beat Wall Street estimates on the […]
India’s financial services landscape may see the entry of more professionals offering credible investment advice and researching on stocks, with the market regulator proposing to relax some of the severe restrictions which have stunted the sector so far. Lower eligibility criteria, zero networth requirement and easier fee regulations are among […]
The Reserve Bank of India’s Monetary Policy Committee started its three-day conference on Tuesday to review the economic situation and discuss interest rates. The six-member RBI MPC, responsible for setting India’s benchmark interest rates, began its discussions on August 6 and will conclude on August 8. Changes to the repo […]
Wall Street today: US stocks crashed in the previous session due to a global selloff fueled by mounting recession fears among investors in the world’s largest economy. On Monday, more than $1.93 trillion was wiped out of the US stock market as the tech-heavy Nasdaq composite dropped over 1,000 points. […]
Indian stock market: On Tuesday, Indian stock market benchmarks—the Sensex and Nifty 50—continued to decline for the third consecutive session as investors stayed cautious due to ongoing worries about a potential economic slowdown in the US, geopolitical tensions in the Middle East, and high market valuations. The Sensex began the […]
Stock market today: Indian stock market benchmarks —Nifty 50 and Sensex—extended their losses into the third consecutive session on Tuesday, August 6, as investors remained cautious amid prevailing concerns over an economic slowdown in the US, geopolitical tensions in the Middle East, and the markets’ rich valuations. The frontline indices […]
US stock indices opened higher on Tuesday after Monday’s rout in global markets. At the opening bell, the Dow Jones Industrial Average rose 1.16 points to 38,704.43. The S&P 500 was higher by 17.73 points, or 0.34%, at 5,204.06, while the Nasdaq Composite was up 63.7 points, or 0.39%, to […]