The Dow Jones reached 40,000 but closed just below it. Meanwhile, two brothers face charges for a $25 million cryptocurrency heist. Amidst this, concerns over rising US government debt intensified as industry leaders Jamie Dimon and Ray Dalio emphasized the need for US debt reduction and flagged waning investor interest in Treasuries. All this and more, on the May 17 edition of World Street.Dow Jo...

Reliance Industries Ltd surpassed market expectations in the fiscal fourth quarter, posting a net profit of Rs 21,243 crore, fueled by a rebound in its core oil-to-chemicals (O2C) business. Strong performances in the O2C, oil & gas, retail, and Jio segments also impressed analysts.Moreover, the reduction in RIL’s net debt resulting from capital raises and asset divestitures has boosted investors...

Shares of Tejas Networks zoomed 20 percent on April 23 to hit a 52-week high of Rs 1,088.25 on the NSE, a day after the company reported robust earnings for the quarter ended March 2024 with margins and revenue beating the Street estimates.At 10:11 am, shares of Tejas Networks locked at the 20 percent upper circuit There were pending buy orders of 25,679 shares, with no sellers available. In the l...

Shares of Bajaj Auto Ltd fell 3.5 percent to Rs 8,702 on April 19 as brokerages worried over the stock price outpacing their target prices and shared their concern over expensive valuations.Despite delivering a robust financial performance for Q4 FY24 and surpassing the Street estimates, the company faced downward pressure on its shares.As of 11 am, Bajaj Auto shares were trading 3 percent lower a...

Shares of Creative Graphics Solutions are listed at Rs 175 on the NSE SME platform, a premium of 106 percent over the issue price of Rs 85.The debut, however, fell short of expectations, as the stock was trading at a premium of 77.65 percent in the grey market which refers to unofficial, over-the-counter (OTC) transactions in a security before listing on the exchanges.The Rs 54.40-crore IPO was su...

Adani Group eyes $1 billion in foreign currency bonds for expansion, It Was reported on February 28 that the Adani group has embarked on a series of overseas roadshows for bondholders to bolster investor confidence around its businesses before fresh bond sales.Adani Group is in advanced talks with investors to raise as much as $1 billion through foreign currency bonds for three group entities: gro...

Volatile Bitcoin falls from record high as crypto frenzy hits pause, Bitcoin fell more than 5% in the Asian session to bottom at $66,629.96, before paring some of its losses to last trade 3.5% lower.Bitcoin eased to a one-week low in volatile trade on Friday, as investors took profit from its run to a record high and as another upside surprise on U.S. inflation dimmed prospects of early rate cuts ...

Bitcoin market cap crosses $1 trillion as buyers flood in, Bitcoin's price reached as high as $52,079 on Wednesday, its latest 25-month high. It was last up 4.29% at $51,690, taking the token's market cap to $1.013 trillion according to price platform Coingecko.The total value invested in bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021 as inflows to U.S. spot bitc...

With 2022 headed towards its end, investors seem to wonder what lies in the 2023 version of cryptocurrency market. It is believed that market analysts expect 2023 to drive global adoption of Web3.0, cryptocurrencies, and other underlying technologies. According to Shufti Pro, a software company, major events which impacted the cryptocurrency market in 2022 include Bitcoin and Ethereum losing over...

As we transit towards digital economy, it is expected that the international monetary system will go through a transformation through the concept of Central Bank Digital Currency (CBDC). Market analysts believe that CBDCs can pave the way for global financial inclusion. Further it can also support payment mechanisms at the the time of global emergencies.According to the Reserve Bank of India (RBI)...