Did US institutions prevail over Asian retail traders?

Bitcoin experienced the second-strongest January in its history — and the best since 2013 — rising nearly 40% amid wide reports that institutional investors were back on board. Zhong Yang Chan, head of research at CoinGecko, told Cointelegraph that there were “net institutional inflows into digital asset funds in January 2023, particularly in the last … Read more

ITC Q3 net profit rises 23% to Rs 5,070cr; revenue up 3.5% to Rs 19,020.65cr

NEW DELHI: ITC Ltd on Friday reported a 23.09 per cent increase in its consolidated net profit at Rs 5,070.09 crore for the third quarter ended December 31, 2022.The diversified company had posted a net profit of Rs 4,118.80 crore during the October-December quarter of the previous fiscal, ITC said in a regulatory filing.Its revenue … Read more

‘Banks stable’: RBI amid concerns of exposure to Adani rout

Amid heightened uncertainties regarding Adani Group in the aftermath of a jarring Hindenburg report, the Reserve Bank of India on Thursday dismissed concerns about the “exposure” of Indian banks to the Gautam Adani-led conglomerate and said that the banking sector was “resilient and stable”. “There’ve been media reports expressing concern about exposures of Indian banks … Read more

SEBI Tweaks Its Operational Circular On Credit Rating Agencies

CRAs will have to follow a uniform practice of three consecutive months of non-submission of NDS. New Delhi: The Securities and Exchange Board of India (SEBI) on Friday tweaked its operational circular on credit rating agencies (CRAs), asking them to have a detailed policy by March-end in respect of non-submission of crucial information, including quarterly … Read more

S.Africans Furious Over Water Crisis

Citizens protest for an uninterrupted supply of electricity a plan to eradicate loadshedding. Johannesburg, South Africa: Already struggling without electricity for hours a day, many South Africans are now having to do also without water, as power outages batter the supply system. A power failure at a pump station feeding reservoirs and water towers caused … Read more

Pakistan economic crisis: IMF bailout conditions ‘beyond imagination’ – Pak PM

Pakistan’s prime minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions that are “beyond imagination”, as it battles a spiralling economic crisis. An International Monetary Fund (IMF) delegation landed in Pakistan on Tuesday for last-ditch talks to revive vital financial aid that has stalled for months. The government has … Read more