📰 Latest Economy & Stock Market News
Most used blockchain averts crisis after software flaw is fixed
Updated at : 2021-08-28 13:20:01

About half of the Ethereum ecosystem split into a separate chain after a bug in the Go Ethereum, or Geth, software effected users who hadn’t implemented an update meant to fix the mistake, said Maddie Kennedy, a spokesperson at the cryptocurrency research firm, Chainalysis.

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Stocks in Powell’s thrall can see a taper without much tantrum
Updated at : 2021-08-28 13:20:01

Powell did just enough to preserve the view that his goals align with investors’: growth that is fast enough to boost hiring and earnings but not inflation, and an approach to stimulus that avoids shocks and leaves actual interest rates alone. While other Fed speakers sowed angst with hawkish pronouncements in recent days, Powell’s messaging defused the tension.

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Polarisation under way on Dalal Street; tread with caution!
Updated at : 2021-08-28 12:20:01

The question doing the rounds since the past couple of weeks is ‘are the markets at the top of their cycle?’ The fact that people have turned weary and the broader indices have reacted accordingly imply that there are no indications of a top as of now.

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Debunking conventional wisdom: Are you really chasing ‘beta’ or ‘alpha’?
Updated at : 2021-08-28 12:20:01

Over any 12-month period, equities have historically, on an average, outperformed bonds 60-70% of the time. Therefore, it makes sense that the consensus is for equities to outperform in the coming 12 months – probabilistically this has been the most likely outcome.

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Tata Motors gets NCLT nod for hiving off passenger vehicles biz into separate entity
Updated at : 2021-08-28 11:20:02

Last year, Tata Motors had announced that it would turn its domestic PV business unit into a separate entity and seek a strategic partnership in order to help the unit secure its long-term viability.

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Grasim approves Rs 5,000-crore capex for paints business
Updated at : 2021-08-28 11:20:02

Asian Paints, Berger Paints and Kansai Nerolac are currently the top three players in the paints segment. Relative newcomer JSW Paints has announced plans to expand its footprint to the northern and eastern regions to become a pan-India player and has plans to make a public market debut by 2025. Competition from Grasim, according to analysts, is expected to disrupt the market share of the top three players.

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Bitcoin fever reaches Honduras with first cryptocurrency ATM
Updated at : 2021-08-28 11:20:02

The Congress of El Salvador approved in June https://www.reuters.com/technology/bitcoin-become-legal-tender-el-salvador-sept-7-2021-06-25 a proposal by President Nayib Bukele to make the country the first in the world to adopt Bitcoin as legal tender.

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Nazara Technologies acquires OpenPlay for Rs 186 crore
Updated at : 2021-08-28 10:20:01

The acquisition is expected to help Nazara make further inroads into the real-money gaming sector, a senior company executive said, adding that the listed entity is eyeing more acquisitions in the space to fill gaps in its product and distribution lineup.

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Gold bond issue price fixed at Rs 4,732/gm; subscription opens Monday
Updated at : 2021-08-28 01:20:01

The Sovereign Gold Bond Scheme 2021-22 - Series VI will be open for subscription for the period August 30 to September 3, 2021.

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Sebi exempts family trusts linked to 4 Vardhman cos from open offer obligations
Updated at : 2021-08-28 01:20:01

The proposed acquisition involves indirect acquisition of shares of the four companies by trusts from promoter and members of promoter group.

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