Bitcoin’s BTC$68,159.47 Feb. 5 collapse will go down as one of the most historic selloffs on record. Below are the key statistics that help define the event and indicate how much further there may be to fall. The bitcoin price started the day near $73,000 and fell to a low around $62,000, a drop —…
For years, planning a holiday in India meant choosing between two familiar choices: beach or hills. Goa or Manali. Sand or snow.Not anymore.Today, the most searched destinations on travel apps are just as likely to be Ayodhya as Alibaug, Varanasi as Vagator, Ujjain as Udaipur. A generation that grew up posting sunsets from shacks and…
Goldman Sachs has been working with the artificial intelligence startup Anthropic to create AI agents to automate a growing number of roles within the bank, the firm’s tech chief told CNBC exclusively. The bank has, for the past six months, been working with embedded Anthropic engineers to co-develop autonomous agents in at least two specific…
MUMBAI: The Reserve Bank of India on Thursday kept the policy repo rate unchanged at 5.25%, with the Monetary Policy Committee (MPC) voting unanimously to maintain status quo while modestly revising up its near-term growth and inflation forecasts.Following the decision, the standing deposit facility rate remains at 5%, while the marginal standing facility rate and…
MUMBAI: The RBI is proposing to compensate customers for losses arising from small-value digital frauds, with payouts of up to Rs 25,000, as part of a broader overhaul of consumer protection rules amid rising risks from mis-selling, cyber fraud and aggressive loan recovery practices. The e-fraud compensation will be for 85% of the loss amount…
Wall Street bank Citigroup is dialing back expectations for Coinbase (COIN) amid a risk-off mood gripping markets. In a Friday note to clients, the bank’s analysts lowered their price target on the crypto exchange to $400 from $505, citing weaker trading volumes, softer institutional activity and ongoing uncertainty around the timing of U.S. crypto legislation….
Market regulator Sebi has put forward proposals to widen the investment possibilities for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in liquid mutual fund schemes on Thursday.Currently, these trusts can only invest in liquid funds with the highest credit risk rating, limiting their options.These measures are part of Sebi’s push to make…
At least 31 people were killed and over 160 injured after a suicide blast struck a crowded Shia Imambargah in Islamabad during Friday prayers. Congress MLC Yathindra Siddaramaiah said there would be no change in Karnataka’s leadership and that chief minister Siddaramaiah would complete his full five-year term. India got an early breakthrough in the…
These are the stocks posting the largest moves in premarket trading. Source link
Equity markets ended slightly higher on Friday after the Reserve Bank of India left interest rates unchanged, a move that was widely expected, and announced a proposal to allow banks to lend to Real Estate Investment Trusts (REITs) under prudential safeguards.The 30-share BSE Sensex rose 266.47 points, or 0.32 per cent, to close at 83,580.40….
