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Gartner predicts that 25% of consumers will spend at least one hour a day engaging with the metaverse for work, shopping, education, social or entertainment purposes by 2026.

Wockhardt Q4 Results: Loss widens to Rs 311 cr

Updated at : 2022-05-30 23:20:02

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Wockhardt had agreed to pay USD 36 million and interest over nine instalments between 2022 and 2025, the company said, adding its US subsidiary has already made provision of Rs 51 crore in the previous year ended March 31, 2021 and further provision of Rs 67 crore was made on September 30, 2021.

Perpetual bonds, known as Additional Tier 1 in market parlance, do not have any fixed maturities but generally have a five-year call option, an exit route for investors. These are quasi-equity instruments, billed as risker instruments that offer a higher-than-average rate of returns.

"Rupee continued to trade in a narrow range and volatility remained low despite gains in domestic equities. Dollar retraced against its major crosses after core PCE index number came in line with estimates," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services

According to the data from a Chainalysis report, the value and average transaction size increased in 2021, suggesting that NFTs as an asset category are gaining value as they attract new users.

Value investing mantra for inflationary times

Updated at : 2022-05-30 21:20:04

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As Warren Buffett has said: "The best thing that happens to us is when a great company gets into temporary trouble, a value investor should buy them when they are on the operating table."

This will be applicable for all categories of investors -- retail, qualified institutional buyers, non-institutional investors and other reserved categories and also for all modes through which the applications are processed.

L&T is already executing four packages of CMRL Phase II, of which one is underground and the other three are elevated packages. L&T had earlier executed Metro Rail Projects for CMRL in Phase I.

This means that the 16,400-16,500 zone is expected to lend strong support to Nifty in the immediate short term. The maximum Call OI is at 17,000; this also means that given the supportive global cues, the markets have got steam left in themselves, which can push them higher towards 17000 levels.

The stock has seen a steep fall so far in 2022, but on a one-year basis, the IT stock is still up 14 per cent compared to about 8 per cent rise seen in the Nifty50 in the same period.

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