Speculation that Bitcoin whales are engaged in a massive reaccumulation phase has been significantly overstated, suggesting the digital asset market structure has not materially changed, according to onchain data from CryptoQuant. The popular narrative that large holders are aggressively buying Bitcoin (BTC) is misleading, said Julio Moreno, head of research at CryptoQuant. Much of the…
Foreign investors started December on a sharply negative note, pulling out Rs 11,820 crore from the Indian equities in the first week. This offloading by the foreign portfolio investors was majorly driven by the steep decline of the rupee. This comes after the FPIs had briefly returned to buying in October, bringing in Rs 14,610…
NEW DELHI: A bomb threat was reported on an IndiGo flight operating from Dibrugarh to Kolkata on Saturday evening after a suspicious message was found inside the aircraft.The threat, reportedly written with lipstick inside the aircraft’s toilet, was discovered onboard IndiGo flight 6E6894 (Airbus A-320) bound for Netaji Subhas Chandra Bose International Airport. The aircraft…
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Check out the companies making headlines in midday trading. Biogen — The biotech’s stock tumbled more than 4% after the company warned it would need to take a $222 million pretax charge in the fourth quarter. The company said the charge, which includes research-and-development expenses and milestone payments, will lower its net income by about…
NEW DELHI: Prime Minister Narendra Modi pitched for a “double engine” growth approach amid “turmoil in global environment” as India and the European Union signed the “historic” free trade agreement on Tuesday.“There is turmoil in global environment; India-EU will provide stability to world order,” PM Modi said at the India-EU Business Forum.Terming it the “biggest…
NEW DELHI: Assam Congress MP and former state unit chief Bhupen Borah on Monday withdrew his resignation after holding long discussions with the party’s central leadership, including Rahul Gandhi. Congress’s Assam in-charge Bhanwar Jitendra Singh, sharing about the resignation withdrawal by the Congress leader said that internal differences had been resolved through dialogue.Congress’s Assam in-charge…
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NEW DELHI: Foreign minister S Jaishankar discussed the situation in the Strait of Hormuz with his Iranian counterpart Seyed Abbas Araghchi in a phone conversation on Tuesday evening. While Jaishankar stressed the need for safe merchant shipping, an Iranian readout said that they discussed the “consequences of the US and Israeli regime’s military aggression on…
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