NEW DELHI: The Indian Embassy in Tehran has issued an advisory asking Indian nationals in Iran not to approach any of the country’s land border points for travel out of the country without prior coordination with the mission.In a statement, the embassy said any movement towards land border crossings must be undertaken only after obtaining…
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Apollo Global Management signage in New York on Dec. 5, 2023. Jeenah Moon | Bloomberg | Getty Images Apollo’s John Zito had a blunt assessment of how private equity firms are valuing their software holdings as shares of comparable public tech companies have plunged: They’re not, he said. Zito, co-president of the firm’s giant asset…
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Bitcoin BTC$75,037.84 has climbed nearly 10% this month, but the rally is running into resistance near $75,000. The pause is notable as U.S. stocks push to record highs. On-chain data shows holders are selling into strength, helping explain the slowdown. It is evident from an on-chain indicator called realized profit/loss, which tracks the total dollar…
NEW DELHI: Diesel sales jumped to six-month high in Nov as the cut in GST (goods and services tax) rates boosted festive season demand, leading to increased industrial and commercial activities, industry data showed on Monday.Diesel consumption, an indicator of economic activities, rose 4.7% to 8.5 million tonnes during the month, posting the highest gain…
MUMBAI: The weakness of the rupee and foreign fund selling due to geopolitical concerns weighed on investor sentiment on Dalal Street on Friday, and the resultant selling pulled the sensex down by 770 points (0.9%) to 81,538 points. On the NSE, the broader Nifty slid 241 points (1%) to close just above the 25K mark,…
The U.S. Federal Reserve took a first step toward establishing a more limited version of its so-called master accounts, welcoming input on how the central bank might formulate “payment accounts” that would grant access to its payment rails without firms having to jump through the considerable hoops that would grant fuller services. The Fed said…
