Bitcoin and other digital assets plunged on Friday following the release of key inflation data that spooked investors. The leading cryptocurrency fell by 3% in just 24 hours, currently trading at $23,070, according to CoinGecko. This comes after Bitcoin broke above $25,000 per coin for the first time in eight months just last week. Other major cryptocurrencies also saw significant drops, with Ethereum falling by 3.1% in the past day to trade at $1,593, and Dogecoin dropping 3.3% to reach $0.082.from IndiaTV Business: Google News Feed https://ift.tt/EJOpruG
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As banks' chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, and state-run banks led by Punjab & Sind Bank top the chart offering a cool 8-8.50 per cent per annum.
Market regulator Sebi has proposed changes to governance norms for listed entities that give more rights to shareholders, while increasing corporate disclosures on agreements binding them, a consultation paper showed on Tuesday.
Adani group firm Adani Ports & SEZ paid Rs 1,500 crore loan and promised to repay more as the embattled conglomerate mapped a comeback strategy after a sellout triggered by a damning report by US-based Hindenburg Research.
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
