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“One has to stay with the flow for the next five-seven-ten years and that is what insurance is Insurance, mutual funds, brokers or asset management companies are here to stay for the next 10-12-15 years as financialisation of savings is the new buzzword. We are seeing millennials across the board participating in this.”

The deal involves the no cash consideration. Larsen & Toubro Infotech said it would issue and allot 73 fully paid up equity shares of face value Re 1 each of the company for every 100 fully paid up equity shares of face value Rs 10 in the amalgamating company.

“The total value of a Bitcoin for example is less than the value of Microsoft and so when you think of different store holds of wealth, it is not very big. By the way, the gold market is not very big either! It is about five times the size if you take out central bank reserves and jewellery and they have issues.”

The pan-European STOXX 600 index declined 0.6% by 0709 GMT, with travel & leisure and technology stocks falling the most. Oil & gas stocks were the sole gainers as crude prices traded above $110 a barrel.

According to a report from Galaxy Digital Research, a New York-based financial services firm, venture capitalists (VCs) have invested more than $10 billion in crypto startups during the first quarter of 2022.

Markets are getting sold on every decent bounce. Furthermore, factors such as subdued Q4 corporate earnings, rising inflation, hawkish central banks, the resurgence of Covid cases in China, and high commodity prices are adding fuel to the fire.

Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 7928.27 Crore) operating in IT Enabled Services sector.

The stock, which has been on a downtrend for the last six sessions, has lost 26.4 per cent from its latest peak of Rs 878.35 on April 28 during this period. The market capitalization of Adani Wilmar has dropped below Rs 85,000 crore. On Friday, the scrip hit the lower circuit of 5 per cent at Rs 646.20.

“We have five different kinds of wars happening now – a trade war, a technology war, a geopolitical influence war, a capital war and a military war. That kind of confluence produces these difficult periods, the last one was 1930 to 1945 and that is what we are in the midst of. ”

Over the years, the metaverse has evolved and now this virtual theme is turned into a reality, thanks to a flood of themed applications based on the blockchain technology. However, the biggest question is can there be a metaverse without cryptocurrency. Market experts have a mixed opinion over it as some believe the cryptos have no mandate, whereas others see it as fuel for the metaverse economy.