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While bitcoin and ether both posted gains last week - up 2.9% to $43,107 and up 6.3% to $3,350, respectively - they are still some way off their 2021 highs of $69,000 and $4,868.

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Brent crude is trading at around $87 a barrel, a seven-year high, after a 50% gain in 2021 as demand recovered and OPEC and its allies, known as OPEC+, only cautiously eased their supply curbs.

Oil prices rose for a fourth day to a seven-year high as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates.

Reliance Jio added 2.01 million wireless customers in November, taking its gross mobile user base to 428.61 million, while Bharti Airtel’s rose by 1.31 million to 355.29 million, according to latest subscriber data issued by the Telecom Regulatory Authority of India (Trai) on Tuesday.

Crude above $87 stokes inflation, growth worries

Updated at : 2022-01-19 08:30:03

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"If oil prices keep moving up or remain at these levels, inflation pressures will be alive and kicking, which could ultimately transfer into interest rates and bond deals. That might start having an impact on growth," said Abheek Barua, chief economist at HDFC Bank.

2021 sees a dip in launch of online-only firms

Updated at : 2022-01-19 08:30:03

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About 215 D2C firms were founded in 2019 and 2020 each, according to the latest numbers by Tracxn, a market intelligence provider for private company data.

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Denying all the contentions of Axis Finance, ZEE has said in its response that neither the company nor its MD and CEO Punit Goenka are party to any of the loan documents.

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Sony has strengthened its network of in-house games studios in recent year and delivered a string of exclusive hits including in its "Spider-man" franchise, with Microsoft left playing catch-up.

Gold ETF assets surge 27% in 2021

Updated at : 2022-01-19 08:30:03

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Digital gold investments are in exchange-traded funds (ETFs), where the units represent physical gold which may be in paper or dematerialised form. One gold ETF unit is equal to 1gm of the yellow metal. It is backed by physical gold of high purity. Gold ETFs combine the flexibility of stock investments and the simplicity of purchasing the yellow metal.

Gold flat near one-week low as US rate hike looms

Updated at : 2022-01-19 08:30:03

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Gold prices were flat on Wednesday, steadying near a one-week low hit in the previous session, as the U.S. Treasury yields strengthened to two-year highs on expectations of quicker interest rate hikes by the Federal Reserve. Spot gold was little changed at $1,813.04 per ounce by 0118 GMT, after falling to a one-week low of $1,805 an ounce on Tuesday. U.S. gold futures were steady at $1,813.30.

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