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Companies from the Gautam Adani Group were in the buzz during the week as the stocks hit new 52-week highs.

Today, India is the 3rd largest startup ecosystem after the US and China, with more than 60K startups, which is bound to attract global capital to India.

Income from operations was down by 2.15 per cent to Rs 1,531.92 crore in Q2FY22, as against Rs 1,565.58 crore in Q2FY21, it said.

The stock of Sigachi Industries, which raised Rs 125.43 crore via its initial stake sale, is exchanging hands in the grey market at a premium of Rs 220-230, or 145 per cent, over its issue price of Rs 163.

"The government is cognizant of the fact that this is an evolving technology, it will keep a close watch and take proactive steps. There was consensus also that the steps taken in this field by the government will be progressive and forward looking," a source said.

“The commodity super cycle is not going to play out. There was a sharp up move and now we could see a possible downturn on a prolonged basis over the next couple of years.”

After Morgan Stanley, Goldman Sachs, UBS and Nomura, it is CLSA now that has called for booking profits on Indian equities citing rich valuations, pressures on margins, and a high probability of earnings disappointment among other reasons.

As many as four companies are going to make their Dalal Street debut this week. This includes PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, Sigachi Industries and SJS Enterprises, which cumulatively raised as much as 6,550 crore via primary route. All three companies will be listed on Monday.

“Consolidating decade after decade and generating high amounts of cash flow is so tough that out of 5,000 listed companies, barely 50 are able to do this. That is what will happen to the new spate of IPOs as well.”

Like other cryptocurrencies, stablecoins move around on the same online ledger technology known as blockchains. The difference is that their value is pegged 1:1 to a financial asset outside the world of crypto, usually the US dollar.