A sharp sell-off in equities last week led to a significant erosion in the market value of the country’s most valuable companies, with the top 10 firms together losing Rs 4.48 lakh crore. Banking heavyweights State Bank of India and HDFC Bank saw the steepest decline in their valuations during the period. The fall in…
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Indian Navy warships deployed in the Gulf region as part of the continuing Operation Sankalp are keeping a constant vigil on India-bound cargo vessels in the Strait of Hormuz area.“A warship deployed in that region (off the Oman coast) is still monitoring the situation and keeping a close watch on India-bound cargo ships,” a source…
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The Ethereum Foundation has finalized an over-the-counter (OTC) sale of 5,000 Ether to BitMine Immersion Technologies, a transaction worth about $10.2 million based on the agreed price of $2,042.96 per ETH. In a Saturday post on X, the foundation said proceeds from the sale will support core operations, including protocol research and development, ecosystem growth…
MUMBAI: The director general of shipping, in coordination with MEA and the Indian embassy in Baghdad, has initiated the process to repatriate the body of 54-year-old Mumbai resident Deonandan Prasad Singh, an additional chief engineer (superintendent), who was aboard the Marshall Islands-flagged oil tanker, MT Safesea Vishnu, which was hit by an Iranian attack on…
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India’s exports of solar panels, electronics and garments may come under closer scrutiny after the United States launched a fresh trade investigation into the presence of forced labour in global supply chains, a report by the Global Trade Research Initiative (GTRI) has said.Earlier on March 12, the United States Trade Representative (USTR) announced the probe…
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Bitcoin was the first asset to price the Iran war because it was the only liquid market open when U.S. and Israel first launched their attack on a Saturday, a few weeks ago. It dropped 8.5% that day. Two weeks later, it has outperformed gold, the S&P 500, Asian equities, and the Korean stock market….
