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“Consolidating decade after decade and generating high amounts of cash flow is so tough that out of 5,000 listed companies, barely 50 are able to do this. That is what will happen to the new spate of IPOs as well.”

Like other cryptocurrencies, stablecoins move around on the same online ledger technology known as blockchains. The difference is that their value is pegged 1:1 to a financial asset outside the world of crypto, usually the US dollar.

While Reliance Industries Limited, Tata Consultancy Services, Infosys, HDFC, Bajaj Finance and Kotak Mahindra Bank were the gainers, HDFC Bank, Hindustan Unilever Limited, ICICI Bank and State Bank of India emerged as laggards.

The blockbuster IPOs of new-age tech companies show the valuation game has changed, as focus shifts from earnings to growth potential.

Its total income during July-September 2021 fell slightly to Rs 1,224.94 crore, compared with Rs 1,230.27 crore in the year-ago period, City Union Bank said in a regulatory filing.

Himalaya Coin only appears to trade on the Himalaya Exchange. It’s not included in CoinMarketCap’s long list of global cryptocurrencies, which has become the de facto source for digital token valuations.

National Fertilizers net income rose on a consolidated basis to Rs 3,701.19 crore during July-September 2021, compared with Rs 3,183.64 crore in the year-ago period.

Consolidated revenue for the quarter stood at Rs 351.32 crore. It was Rs 141.80 crore for the same period a year ago, it added.

Overnight funds primarily invest in debt instruments with a residual maturity of one day. In simpler terms, the entire asset holding of the funds can be classified as “cash and cash equivalents”.

The board has "approved subdivision of every 1 equity share of the nominal/face value of Rs 2/ each into 2 equity shares of the nominal/face value of Re 1/- each, subject to the approval of the shareholders at the extraordinary general meeting scheduled to be held on December 16, 2021," the company said.