BUSINESS
US likely to regulate cryptocurrency this week: Report
As per a memorandum by the US National Security Council (NSC) memorandum, government agencies, include the Departments of the Treasury, State, Justice, and Homeland Security, will be asked to assess the risks and opportunities that crypto poses, and delve into the details of a central bank digital currency, Bloomberg news cited an administration official as saying last month.
MediBuddy raises $125 mn in series C funding
It is the largest funding round in the digital healthcare services space, so far. With the new round of funding, the comprehensive healthcare platform will further invest in customer awareness, hiring, strengthening technology platforms including data science capabilities, clinical research, and product development.
62% financial services leaders expect Cloud to boost sales: Report
Nearly 62 per cent of financial services leaders expect their Cloud investments to increase revenue over the next two years, a new Capco-Wipro report said on Tuesday. Financial services leaders cite increased future revenues (62 per cent) and improved future profitability (52 per cent) as leading reasons to deploy cloud technologies, according to a new financial services study by Capco, a Wipro company.
Indian stocks plunge on geo-politics, realty shares down
Besides, high crude oil prices along with subdued global indices added weight to the downtrend. On Monday, Russian President Vladimir Putin ordered the deployment of troops into two separatist areas within Ukraine, after recognising their independence, a move that some fear puts Kyiv and Moscow one step closer to a military conflict.
War Premia: Geo-political tensions boil crude Oil prices
Accordingly, the Brent-indexed crude oil prices crossed $95 per barrel, the highest in several years. Crude oil prices inclined to a multi-year high level as Russian President Vladimir Putin ordered the deployment of troops into two separatist areas within Ukraine. On Monday, Russia recognised the two separatist regions' independence, a move that some fear puts Ukraine and Russia one step closer to a military conflict.
Goldman Sachs says Paytm's current share price is a compelling entry point, ICICI Securities issue Buy rating
Analysts believe Paytm's ESOP costs will gradually reduce and are currently at par with other listed tech cos in India as well as globally ICICI Securities report said that by FY26, Paytm's monthly transacting users are likely to double. Paytm, India's leading digital payments and financial services, continues to get 'Buy' calls from top brokerages.
Investors unnerved by lack of transparency in LPG pricing, under recoveries of OMCs
Rising LPG prices along with the ongoing elections in key states have tested the resolve of the government and the Oil Marketing Companies (IOCL, BPCL and HPCL), Motilal Oswal Institutional Equities said in a note. While prices of auto fuels have not been changed since early November'21, price of subsidized LPG cylinder has also been retained since November'21.
European tensions: Stocks plunge on geo-politics; realty shares down
Besides, high crude oil prices along with subdued global indices added weight to the downtrend. On Monday, Russian President Vladimir Putin ordered the deployment of troops into two separatist areas within Ukraine, after recognising their independence, a move that some fear puts Kiev and Moscow one step closer to a military conflict.
Apple now faces $28 mn fine from Dutch competition authority
The Dutch anti-trust regulator has fined Apple another 5 million euros ($5.6 million) for failing to comply with its order on dating-app providers. The Authority for Consumers and Markets (ACM) in the Netherlands has so far fined Apple a total of 25 million euros or $28.2 million (5 million euros every week). The total penalty by the ACM on Apple can go up to 50 million euros.
Indian equities extend losses; Sensex slips nearly 900 pts
India's key indices -- S&P BSE Sensex and NSE Nifty50 -- extended their losses from Monday and declined sharply in early trade on Tuesday due to continued selling by foreign institutional investors amid geo-strategic tensions between Ukraine and Russia, said analysts. At 10.04 a.m., Sensex traded at 56,786 points, down 1.6 per cent or 897 points, whereas Nifty traded 16,945 points, down 1.5 per cent or 262 points.
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