Bitcoin’s 50% plunge from its October peak has done more than just erase $2 trillion in market value — it has reignited a fierce debate over the fiduciary math of the American retirement system. As investors scramble to parse the drivers of the latest crash, industry observers are asking if volatile digital assets have any…
NHAI (Representative image) NEW DELHI: Over half a crore highway car users have bought FASTag Annual Pass in past six months since this scheme was launched and there have been 26.5 crore toll payments using the pass @ Rs 15 each at plazas. Data show that there has been a 50% increase in trips of…
Check out the companies making headlines in midday trading. Centene — Shares of the health insurance provider slid 5%. Guidance for full-year revenue came in at $186.5 billion to $190.5 billion, missing the FactSet consensus call for $194.1 billion. The outlook for premium and service revenue for the year was also shy of Wall Street…
Rupee opened in green on Friday, climbing 9 paise to 90.25 against the US dollar, as currency markets reacted to optimism around the India-US trade deal but remained cautious ahead of the Reserve Bank of India’s monetary policy announcement.The early gains came after the currency ended Thursday’s session higher by 13 paise at 90.34 against…
Asian markets fell sharply on Friday as an extended sell-off in US technology stocks continued to weigh on investor sentiment. The losses came amid growing concern over heavy spending on artificial intelligence and uncertainty about when those investments will deliver returns. In Hong Kong, HSI was down 304 points or 1.13% as on 10:20 am…
Russia’s largest bank, Sberbank, is moving toward offering loans secured by cryptocurrency and said Friday it is prepared to coordinate with the country’s central bank on shaping the necessary regulatory framework, according to Reuters. The lender has already tested the model in January. The bank issued the country’s first bitcoin-backed loan to one of its…
File photo: AAP leader Saurabh Bhardwaj NEW DELHI: Aam Aadmi Party (AAP) Delhi President Saurabh Bhardwaj on Friday strongly criticised the Delhi Police and the Bharatiya Janata Party (BJP)-led Delhi government following the tragic death of 25-year-old Kamal Dhyin Janakpuri, alleging police negligence and deliberate attempts to withhold crucial information.Speaking to ANI, Bhardwaj described the…
Bitcoin tumbled toward $60,000 this week as investors reassessed its utility. And while there isn’t one clear catalyst driving the bloodbath, one thing is clear: the crypto market is in crisis. “There’s nothing going on in the marketplace that should have necessitated this type of a crash,” Anthony Scaramucci, founder and managing partner of alternative…
File photo: Traders work on the floor of the New York Stock Exchange (Picture credit: AP) US stock markets moved higher on Friday, clawing back part of the heavy losses seen earlier in the week, as technology shares recovered and bitcoin halted its recent slide. The rebound came after several volatile sessions driven by worries…
The 7 high-speed rail corridors have been identified with an aim to provide high-speed connectivity across key economic centres. (AI image) Indian Railways is looking to move to a passenger train services model that offers faster, more comfortable, and premium travel experience. In that context Finance Minister Nirmala Sitharaman’s Union Budget announcement of seven new…
