📰 Latest Economy & Stock Market News
The $5 billion hoard of aluminium the world wants but can’t have
Updated at : 2021-11-21 15:20:01

In the esoteric world of aluminum, those in the know say the stockpile in Vietnam is the biggest they have ever seen — and that’s in an industry that spends a lot of time building stockpiles while analysts spend a lot of time trying to locate them.

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Crypto week at a glance: Crypto market stumbles and stabilizes, Bitcoin Taproot goes live
Updated at : 2021-11-21 15:20:01

According to CoinMarketCap, the total crypto market capitalisation stood at $2.6 trillion this week. On the longer time frame, Bitcoin and Ethereum have gained in value two-fold and six-fold respectively this year, with both scaling records last week amid an intense demand for digital assets as inflation hedges.

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The week that was in 10 stocks: Auto, aviation back in limelight, steelmakers out of focus
Updated at : 2021-11-21 15:20:01

Amongst sectors, BSE IT was the biggest gainer with a gain of 1.6 per cent, followed by BSE Power with a gain of 1.35 per cent, BSE Auto with a gain of 1.3 per cent, and BSE FMCG with a gain of 0.5 per cent. While in losers, BSE Metal declined 5.3 per cent, BSE Oil & Gas declined 2.7 per cent, BSE Reality declined 2.3 per cent.

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Ola Electric delays deliveries of electric scooters further
Updated at : 2021-11-21 14:20:01

Ola had until recently maintained that it would begin deliveries of its electric scooters later in November. This was already a month behind the delivery schedule that it had indicated to buyers when bookings opened in mid-September.

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Make big bucks, not quick bucks: Sachin Shah on how to pick multibaggers
Updated at : 2021-11-21 14:20:01

Patience and discipline are the most under-rated virtues in wealth creation. Most people come to stock markets to make a quick buck, but the stock market is actually a place to make big bucks with patience and long-term horizons.

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Tata Technologies rebounds from pandemic lows, eyes about $500 mn revenue this fiscal
Updated at : 2021-11-21 13:20:01

The company, which had witnessed a "precipitous drop" in revenue at the beginning of the pandemic, had clocked a revenue of USD 119.3 million in the second quarter of the ongoing fiscal as compared to USD 80.1 million in the same period of FY21.

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Why index funds are best bets if you want to invest internationally
Updated at : 2021-11-21 13:20:01

To summarize, international investing helps in diversifying single country risk, provides correlation benefits, provides currency diversification, and the opportunity to invest in some of the leading global brands & themes.

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El Salvador plans $1 billion in tokenised Bitcoin bonds
Updated at : 2021-11-21 12:20:01

After a 5 year lockup period, the government will begin to sell its Bitcoins and pay an additional dividend to investors, Mow said. He told Bloomberg News on Thursday about his proposal.

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Coin worth $0.00004893 highlights crypto’s wild decimal frontier
Updated at : 2021-11-21 12:20:01

Shiba Inu cost just $0.00004893 or so each on Friday afternoon, while Dogecoin fetched less than 1 cent early this year. A Bitcoin can be sliced into a satoshi, which is this much of the coin: 0.00000001. Then there’s the weirdest of all: the wei. That’s one quintillionth of an Ether, or 0.000000000000000001.

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Non core asset monetisation: Six BSNL, MTNL properties put up for bidding
Updated at : 2021-11-21 11:20:01

The government is likely to auction more assets of PSUs after the current round. It will use the MSTC platform for selling non-core assets of PSUs, which will be coordinated by DIPAM.

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