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The RBI has been vehemently opposed to cryptocurrencies like Bitcoin, saying there is no underlying value for such instruments which are essentially speculative in nature. It has gone public with the same, even as the government has yet to make its stance clear.

IIFL Securities has set a target price of Rs 442, meaning a potential downside of over 22 per cent for the stock. In comparison, Credit Suisse, which sees a strong moat in terms of scale, has a target price of Rs 675.

Microsoft, which gets about half its revenue from outside the United States, lowered its revenue forecast for all three segments, including Windows products, cloud and personal computing.

Though it stayed sideways during the last half hour of the session, but largely maintained the gains. The headline index closed with a net gain of 105.25 points (+0.64%).

The U.S. central bank has raised interest rates by three quarters of a percentage point this year, and most Fed policymakers back raising interest rates another half of a percentage point at each of their next two meetings.

Sandberg, 52, has been one of the most influential women in Silicon Valley and her departure comes as the social media juggernaut faces an uncertain future and fierce competition.

OPEC, whose de facto leader is Saudi Arabia, has resisted pleas from the White House to increase oil supply to make up for production lost due to sanctions against Russia after its invasion of Ukraine.

In an interaction on CNBC-TV18, the management said its sales growth to be at 80,000-90,000 tonnes in FY23. “Expect MM Forgings to get into EV business in the next couple of months,” said Vidyashankar Krishnan, the managing director of the company.

The Dow Jones Industrial Average fell 4.22 points, or 0.01%, at the open to 32,809.01.

After a consistent underperformance of the yellow metal, investors are looking at how they should allocate funds in gold and which form of the bullion would be an ideal approach for them.