TRM Labs, a blockchain analytics startup used by global law enforcement and financial firms, has raised $70 million in a new funding round that pushed its valuation to $1 billion. The Series C round, Fortune reports, was led by Blockchain Capital with participation from Goldman Sachs, Citi Ventures, Bessemer, Thoma Bravo and Brevan Howard. The…
NEW DELHI: The Supreme Court on Wednesday asked the Centre whether there was any possibility of it rethinking or relooking at the detention of climate activist Sonam Wangchuk, saying that “his medical condition is not that good”.The top court also asked the Centre to brief it on the government’s stand on the next date of…
Look to the Caribbean for an unsung bank play that offers a combination of upside potential and income, according to Bank of America. The firm upgraded shares of Puerto Rico-based Popular Inc. on Tuesday, lifting its rating to buy from hold. Analyst Brandon Berman also raised his price target to $156 from $141, implying upside…
MUMBAI: Bajaj Finserv reported consolidated profit after tax of Rs 2,229 crore for the December quarter, flat compared with Rs 2,231 crore a year earlier, as higher provisions and one-time charges offset underlying growth across its businesses. Excluding these exceptional items, consolidated profit after tax rose 32% year-on-year to Rs 2,936 crore .Bajaj Finance, the…
The hype around cryptocurrency companies going public is waning because markets are still viewed as insufficiently large for the traditional finance (TradFi) firms that are taking an increased interest in the industry. Fewer investors feel as confident as they did last year, according to a report from the influential CfC St. Moritz, Switzerland crypto conference,…
NEW DELHI: Three minor sisters, who died after jumping from the balcony of their ninth-floor flat in Ghaziabad on Wednesday, had not attended school for the past two to three years.The sisters—Nishika (16), Prachi (14), and Pakhi (12)—were after failing academically, which made them feel embarrassed and increasingly withdrawn. The eldest sister was reportedly a…
Check out the companies making headlines before the bell: Palantir — The stock jumped 11% following the AI-powered software provider’s fourth-quarter earnings beat . Palantir reported adjusted earnings of 25 cents per share, versus the 23 cents expected from analysts polled by LSEG. Revenue was $1.41 billion, topping the $1.33 billion consensus estimate. Merck —…
NEW DELHI: Union commerce and industry minister Piyush Goyal on Wednesday defended the India-US bilateral trade agreement in the Lok Sabha, saying India had “successfully safeguarded” its sensitive sectors, particularly agriculture and dairy, after nearly a year of negotiations between the two sides. “As the Members of the House are aware, since Prime Minister Narendra…
Savvy traders use a bunch of tools to analyze markets. The relative strength index (RSI) is one of the most popular ones, sniffing out trend strength and momentum extremes. Right now, the RSI is signaling that bitcoin is oversold, suggesting the recent sell-off has been too intense, and prices could see a relief bounce. But…
NEW DELHI: A sharp exchange between leader of opposition Rahul Gandhi and union minister Ravneet Singh Bittu inside the Parliament complex on Wednesday escalated into a political war of words, even as the Lok Sabha was adjourned amid Opposition protests over the suspension of eight MPs.The confrontation unfolded on the steps of Parliament when Rahul…
