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India’s decision to impose a 30 per cent tax on profits from cryptocurrency trading is turning out to be a boon for the country’s digital-asset exchanges.

“We are in a world where things are going to keep on changing quite dramatically in the next five, 10 years and that is why one has to be extremely careful how it plays out. The best thing is to buy companies where managements are willing to adapt and change. In fact, the other theme of disruption is not just technology, it is also ESG,” says Pratik Gupta.

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research, Kotak Securities said that gold has come off highs amid reports that US Secretary of State and Russian foreign officials may meet next week and amid the hawkish Fed comments.

Asian markets were trading marginally lower but S&P500 futures jumped half-a-per cent following an overnight 2.1 per cent drop in the index, offering some respite.

A total of 32,260 shares changed hands on the counter till 10:05AM (IST)

On the technical charts, the 200-day moving average of the stock stood at Rs 2192.33.

ET was the first to report, in July 2019, about Pawan Munjal’s nephew Naveen Munjal citing exclusive brand rights over green vehicles. Claims and counter-claims over brand use have begun to feature prominently in the media after Hero MotoCorp announced plans to launch an electric vehicle in the fourth quarter of the ongoing financial year. The Pawan Munjal-led Hero MotoCorp is the market leader in ICE (Internal Combustion Engine)-enabled motorcycles and scooters, and has recently announced its foray into the EV segment.

For some investors, anticipation of more wild swings in asset prices has heightened the appeal of credit swaps, which are used to ensure against the risk of corporate defaults.

As the Fed gets set to raise pandemic-era rates, here are the estimates from major global investment banks on how far and fast rates will rise:

Unlike Delhivery and Oyo Hotels & Homes, its IPO is fully through primary share sale and doesn’t have an OFS (offer for sale) component. It filed the draft IPO papers in November to raise Rs 6,250 crore by issuing only new shares.