The government on Wednesday has directed FASTag issuer banks to immediately verify vehicle registration numbers (VRNs) linked to tags to improve data accuracy in the tolling system.“In order to enhance the accuracy and reliability of data in the Electronic Toll Collection (ETC) system, National Highway Authority of India (NHAI) has issued directions to all FASTag…
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Check out the companies making the biggest moves midday: TreeHouse Foods — The food processor rallied 23% after announcing it’s being bought by European investment group Investindustrial for $22.50 per share in cash. That represents an 18% premium from Friday’s close. The deal values TreeHouse at nearly $3 billion. Tech stocks — Names tied to…
Budget to presented on February 1 (Image credit: IANS) State leaders met with finance minister Nirmala Sitharaman on Saturday for pre-budget discussions, where they reportedly asked for increased financial support for capital investments and compensation for GST revenue losses. The states also asked for more funding for urban and rural development, housing programs, and disaster…
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Crypto traders have had a tough time figuring out the market in the last 24 hours as bitcoin’s BTC$86,457.48 price swung wildly between $86,000 and $90,000. Things could get more exciting later Thursday with key U.S. inflation data for November coming up. This will give a fresh look at price pressures in the economy after…
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APT declined on heavy volume as the CoinDesk 20 index fell 2.8%. Source link
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Key takeaways: Over-leveraged Bitcoin short positions between $63,000 and $66,000 have created a potential $2.6 billion squeeze trap for bears. Negative perpetual funding rates indicate that bulls have fully deleveraged, significantly reducing downside risk. The Bitcoin (BTC) crash to $61,100 on Friday wiped out $335 million in leveraged long positions. However, after a 21% decline…
