Silver continued its glittering rally on Monday, surging past the $80-an-ounce mark. The white metal’s momentum was lifted by tight supplies, rising industrial demand and expectations of further US interest rate cuts. Besides silver, platinum also touched a record high, briefly.Spot silver jumped 3.8% to $82.15 an ounce, after earlier hitting an all-time high of…
Adani Power Ltd. on Tuesday raised Rs 7,500 crore via bonds on a private placement basis. The board approved allotted 7,50,000 secured, listed, rated, taxable, non-cumulative, redeemable, non-convertible debentures each bearing a face value of Rs 1 lakh aggregating to Rs 7,500 crore for cash, in dematerialised form, on private placement basis to the identified…
Mumbai, VinFast-backed charging infrastructure firm V-GREEN on Tuesday said it has joined hands with Hindustan Petroleum Corporation Ltd (HPCL) to set up electric vehicle charging facilities at HPCL fuel stations across different markets. The agreement holds strategic significance as India accelerates its transition toward green transportation, the company said. The state-owned HPCL’s existing 24,400 retail…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1979.83, down 0.3% (-5.15) since 4 p.m. ET on Monday. Thirteen of the 20 assets are trading higher. Leaders: APT (+1.6%) and AAVE (+1.5%). Laggards: BCH (-2.2%) and XRP…
In today’s newsletter, Claudia Marcela Hernández analyzes how stablecoins have evolved past volatility-fixers to become the foundational settlement asset for global tokenized markets and cross-border payments, following the clarity provided by the GENIUS Act. Then, in Ask an Expert, Morva Rohani breaks down how stablecoin regulation serves as a foundation for tokenized capital markets, why…
Traders now see a December rate cut increasingly likely, following fresh comments from San Francisco Fed President Mary Daly. Source link
U.S. Commodity Futures Trading Commission Acting Chairman Caroline Pham has moved again to advance President Donald Trump’s crypto agenda by eliminating old guidance on “actual delivery” of crypto commodities that she suggested might get in the way of the next steps. “Eliminating outdated and overly complex guidance that penalizes the crypto industry and stifles innovation…
MUMBAI: After an uneven growth through the year, consumption is looking up but it is not galloping yet. India Inc is betting on demand to gather pace in 2026 but with a hint of caution – GST cuts alongside income tax benefits, monetary easing and low inflation is expected to leave more money in the…
Digital asset treasuries (DATs) were among the most visible corporate phenomena of the last bull cycle. Built on the premise that holding bitcoin BTC$85,846.82 on the balance sheet was itself a value-generating strategy, many attracted strong market premiums simply by accumulating BTC faster than competitors. But as valuations normalize and net asset values (NAVs) tighten,…
Mumbai: SBI plans to double its mobile banking customer base to 20 crore over the next two years from 9.4 crore with the launch of Yono 2.0, chairman C S Setty said on Tuesday. To help customers transition to the new digital platform, the bank will expand its in-branch digital support network to 10,000 floor…
