A lot happened in policy tied to crypto this year. Congress passed — and the president signed — the first major piece of crypto legislation in U.S. history this year. Federal regulators have dramatically scaled back their enforcement actions against crypto companies while announcing more rulemaking efforts aimed at bolstering the industry. Companies themselves have…
US wholesale prices rose more than expected in February, reflecting mounting inflationary pressures even before the recent surge in global energy prices linked to the Iran conflict, according to data released by the Labor Department as reported news agency AP.The department reported on Wednesday that its producer price index (PPI), which measures inflation at the…
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market feels extra slippery after bitcoin BTC$87,943.89 fell 7% last week, its biggest loss in two months. Yet hope glimmers in bullish derivative bets, now at bargain prices. The drop pushed prices below the steady uphill path, a “bullish trendline” as technical analysts call…
Oil Above $100, Markets in Red: How the Iran War Triggered a $240 Billion Shock for Indian Investors India’s stock markets have suffered a sharp setback after geopolitical tensions in the Middle East triggered a wave of global financial uncertainty and according to market data compiled from the Bombay Stock Exchange and the National Stock…
NEW DELHI: Taking cognisance of a recent incident of three women sanitation workers of Maharshi Dayanand University in Haryana being compelled to send photographs of their sanitary pads to prove they were menstruating, Supreme Court on Friday decided to examine framing of guidelines to ensure that the right to health, dignity, bodily autonomy and privacy…
MUMBAI: Torrent Power is buying L&T’s coal-fired power plant in Punjab in a Rs 6,889-crore enterprise value deal, marking its entry into northern India’s fast-growing power market. The acquisition includes Rs 3,661 crore in upfront cash, while Torrent will also take on Rs 3,228 crore of Nabha Power’s debt.Nabha Power runs a 1,400MW thermal plant…
As fears mount that the artificial intelligence (AI) bubble has popped, Wall Street dealmaking is being kept alive by a fundamental problem: bitcoin BTC$87,650.10 miners and data center developers still require serious amounts of power. “M&A work is still ongoing as people still need power,” said Joe Nardini, head of investment banking at B. Riley…
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India is well placed to attract large-scale investments in data centres as the country faces no shortage of electricity and its national power grid is capable of meeting future demand surges, Union minister Piyush Goyal said on Monday, ANI reported.Addressing a press conference on the energy sector, Goyal said India’s integrated national grid of 500…
NEW DELHI: During the discussion on the resolution for removal of Om Birla from the Speaker’s post, Congress member Gaurav Gogoi on Tuesday said Kiren Rijiju would be remembered as the parliamentary affairs minister who interrupted the opposition the most. His remark drew a swift response, not from Rijiju, but home minister Amit Shah.Shah said…
