Bitcoin is looking to reclaim $64,000 on possible short squeeze after earlier falling to as low as $63,000 following U.S. and Israeli strikes on Iran. At the same time, perpetual futures funding rates dropped to -6%, according to CoinGlass, marking the second lowest level in the past three months. The last time funding was this…
Jaira Ramesh (ANI file photo) NEW DELHI: Congress leader Jairam Ramesh on Saturday criticised Prime Minister Narendra Modi’s recent visit to Israel after Israel and the United States launched a joint military strike on Iran.In a post on X, Ramesh said, “Two days after Mr. Modi celebrated his visit to Israel, Israel and the US…
Deepinder Goyal (File photo) Zomato founder Deepinder Goyal on Friday announced that his new health tech venture, Temple, has secured $54 million in its first funding round from friends and family, and valued at approximately $190 million.“Temple has raised its first round. Friends and family. $54m. Post-money valuation of ~$190m,” said Goyal on X.Temple, which…
Rahul Gandhi at the rally (ANI photo) NEW DELHI: Congress leader Rahul Gandhi on Saturday questioned Prime Minister Narendra Modi over the timing of the Indo-US interim trade deal.Addressing the Mazdoor Kissan Maha Rally in Barnala, Punjab, Rahul said the deal had been stalled for four months due to disagreements over opening the agriculture sector….
India and the European Union are preparing to grant each other Most Favoured Nation (MFN) status once their landmark free trade agreement comes into force. The move, embedded within the draft text of the agreement, will bind both sides to World Trade Organization (WTO) disciplines and ensure they do not impose new import or export…
NEW DELHI: India’s economy is estimated to grow at 7.6% in 2025-26, led by manufacturing and services as the country’s statistics office released revised data series with a new base year of 2022-23.The message from the revised numbers is that the economy has remained resilient against the backdrop of trade and geopolitical tensions, and India…
Multinational bank Barclays (BARC) is exploring the creation of a blockchain platform for payments and other processes, Bloomberg reported on Friday. The London-based financial services giant is consulting with prospective technology providers on the development of such a platform that would see it rival JPMorgan (JPM) and others in using decentralized technology for banking services….
NEW DELHI: Congress leader and party’s deputy leader in Lok Sabha Gaurav Gogoi is likely to contest the upcoming Assam assembly election from Jorhat constituency, news agency ANI reported, citing party sources.This comes as the grand-old-party finalised candidates for as many as 40 seats during the Central Election Committee meeting held on Friday. “Congress will…
MUMBAI: Gold loans are booming. Lending against the yellow metal is expanding at triple-digit rates of 128% year-on-year, propelling personal loans, which in turn underpin the 14.4% overall growth in bank credit as of Jan 31.Data from RBI on the sectoral deployment of bank credit shows personal loans outpacing all other segments. At 34.5%, they…
MUMBAI: Across the board selling pulled the sensex down by 961 points (1.2%) on Friday, and the 30-share index closed at 81,287 points with banks leading the slide. Tariff uncertainty, foreign fund selling and no visible progress in Iran-US talks left investors jittery and pressing the sell button ahead of the weekend.Foreign funds led the…