After reaching record highs of over $120,000 in July, Bitcoin has now fallen below $85,000 as institutional investors have started to lose interest in the most prominent cryptocurrency. Currently, Bitcoin accounts for over 65% of the total cryptocurrency market cap of $3.2 trillion, with many institutional investors- hedge funds, private equity funds and even central banks- have been hoarding Bitcoin from miners with the hope of gaining consistently high returns. Of late, that hope has been fading, with record redemptions in September and October marking the start of the cryptocurrency’s decline. The reasons for Bitcoin’s current decline Investors have been…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
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Chennai: Tamil Nadu BJP leader K. Annamalai has accused Chief Minister MK Stalin and his Industries Minister TRB Raja of negligence as a leading investment , that could have created around 20,000 direct jobs in the state has moved to neighbouring Andhra Pradesh. “While TN CM Thiru @mkstalin avl and his Industries Minister are in deep slumber, the investments that they proudly announced are moving to neighbouring states. The TN Industries Minister announced that the South Korean company Hwaseung has committed an investment of ₹1720 crore to establish a large-scale non-leather footwear manufacturing facility, which will generate 20,000 direct jobs,”…
Luxury goods offer a sentimental, status upgrade, especially for fixed assets like homes, cars or yachts. Once you have the money to afford this, you also end up upgrading your daily need items- luxury food, experiences and cosmetics. But what happens when there’s a sudden downfall in incomes? That’s when luxury brands like L’Oréal have more reasons to worry. The brand has been one of the most recognised symbols of luxury for quite some time now. It is known for its innovative take on cosmetics, with its products being highly sought after not only for their quality but also for…
Vizag: Mukesh Ambani’s Reliance Industries is all set to set up a 1GW data centre in Andhra Pradesh, after the company signed a series of Memoranda of Understanding (MoU) with the state government during the CII Partnership Summit 2025 in Vizag. The facility will be the second one after the company’s Jamnagar AI data centre, creating one of Asia’s largest AI infrastructure networks. To ensure clean and sustainable energy for the centre, Reliance is also setting up a 6GWp solar power project. This development comes at a time when interest in setting up AI infrastructure is at an all-time high,…
New Delhi: The Ministry of Electronics and Information Technology (MeiTY) has notified major rules under the Digital Personal Data Protection (DPDP) Act, 2023, which affirms the right to privacy and the need for a law to protect against data misuse. This act now requires companies, especially e-commerce, SaaS or government organizations, to seek your consent for using your data, with certain exemptions. According to this law, all e-commerce, SaaS, social media or government organizations having more than 50 lakh users will have to follow certain rules and regulations when it comes to using the data you share with these platforms. …
New Delhi: The Union Cabinet has approved an outlay of ₹25,060 crore for six years with the aim of strengthening India’s export competitiveness, particularly for Micro Small and Medium Enterprises (MSMEs) which account for more than 45% of the total exports from India. Under the government’s Export Promotion Mission (EPM), the government aims to address structural challenges faced by MSMEs, including fragmented market access, high costs associated with compliance for international export standards, limited and expensive trade finance and logistical disadvantages for exporters. The EPM will consist of two sub-schemes- Niryat Protsahan: Aimed to improve access to affordable trade finance,…
Mumbai: The Rupee declined by around 10 paise against the US dollar on Thursday, November 13 as crude price volatility and increased demand for the greenback by domestic companies have added pressure on the currency. Strong domestic demand for commodities and capital goods have reinforced the need for dollars, weakening the rupee for the near term. Foreign Institutional Investors (FIIs) have sold over $850 million of Indian stocks in November so far, adding to the pressure on the local currency. “We expect the rupee to trade with a slight negative bias on dollar demand from importers. However, a positive tone…
Mumbai: The latest startup to IPO, online test prep company PhysicsWallah, has seen a blockbuster response, with the final day of bidding seeing the IPO get oversubscribed 2 times even as interest was thin on the first two days. The issue, worth ₹3,480 crore consists of a fresh shares worth ₹3,100 crore and an Offer For Sale (OFS) of upto ₹380 crore. According to Investorgain, the company’s GMP, the metric used to measure investor confidence, is currently zero, while then highest was ₹9 a week ago. The company, built around the YouTube tutor Alakh Pandey’s teaching charisma, is being seen…
Mumbai: Mahindra and Mahindra Ltd (M&M), has announced its entry in India’s $20 billion life insurance market with a 50:50 Joint Venture with Canada-based Manulife Financial Corporation, one of the world’s leading life insurance and wealth management companies. This announcement extends the collaborations between the two companies, following its earlier JV for wealth management named Mahindra Manulife Investment Management Company in 2020. This JV aims to help the automotive company expand into financial services, where it is already managing assets worth ₹19,000 crore. This collaboration will involve both partners investing about Rs.7,200 crores over the next decade, with the JV…
Mumbai: Thomas Cook (India) Limited (TCIL) has reported a 9% growth in revenues to Rs. 44,818 million in H1 FY26, from Rs. 41,097 million in the same period last year. Profits Before Tax (PBT) has remained flat at Rs.2,211 million, a slight increase from Rs. 2,187 million from the same period last year, as weather disruptions and global headwinds have hampered demand in key tourism markets. Despite this, the company’s financial services and travel services have recorded 9% and 12% year-on-year increases in revenues respectively, mainly due to strong demand for overseas education and holidays. Its Corporate travel segment has…
