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ET was the first to report, in July 2019, about Pawan Munjal’s nephew Naveen Munjal citing exclusive brand rights over green vehicles. Claims and counter-claims over brand use have begun to feature prominently in the media after Hero MotoCorp announced plans to launch an electric vehicle in the fourth quarter of the ongoing financial year. The Pawan Munjal-led Hero MotoCorp is the market leader in ICE (Internal Combustion Engine)-enabled motorcycles and scooters, and has recently announced its foray into the EV segment.

For some investors, anticipation of more wild swings in asset prices has heightened the appeal of credit swaps, which are used to ensure against the risk of corporate defaults.

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As the Fed gets set to raise pandemic-era rates, here are the estimates from major global investment banks on how far and fast rates will rise:

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Unlike Delhivery and Oyo Hotels & Homes, its IPO is fully through primary share sale and doesn’t have an OFS (offer for sale) component. It filed the draft IPO papers in November to raise Rs 6,250 crore by issuing only new shares.

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Cryptocurrencies rely on blockchain technology, a database shared across a network of computers, in which records are difficult to change once added.

Non-fungible tokens (NFTs) surged in popularity last year and this growth shows no signs of slowing, with sales on the largest marketplace, OpenSea, hitting a record $5 billion in January even as the tech-heavy Nasdaq posted its biggest monthly drop since 2018.

Crypto bourses eye products based on Indian index

Updated at : 2022-02-18 08:40:04

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In a first for an Indian entity, several domestic as well as foreign crypto exchanges are in talks with CryptoWire, a Financial Technologies Group entity, to launch products based on its IC15 index. IC15, which tracks the top cryptocurrencies around the world in terms of their market capitalisation, is the first crypto index to come out of India.

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The safe-haven yen gained more ground on the dollar on Friday as U.S. President Joe Biden said Moscow is preparing a pretext to justify a possible attack on Ukraine, also supporting the Swiss franc and hurting bitcoin.

Oil falls on prospect of Iran oil sanctions easing

Updated at : 2022-02-18 08:40:04

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Oil prices retreated on Friday after wild swings during the week, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible Russian invasion of Ukraine, which could disrupt supply. Brent crude futures fell 68 cents, or 0.7%, to $92.29 a barrel at 0124 GMT, extending a 1.9% drop from the previous session.

Stocks drop as investors cut risk on Ukraine tension

Updated at : 2022-02-18 08:40:04

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Asian markets slipped on Friday and gold stood at an eight-month high after an exchange of fire in eastern Ukraine and renewed U.S. warnings of an imminent Russian invasion had investors looking for safety ahead of the weekend.

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