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Why VCs are rushing back to crypto startups

Updated at : 2022-11-26 12:20:01

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Cryptocurrencies are just one use case of blockchain. Blockchain forms a big part of a wider used term called Web 3.0. Most experts predict the internet to evolve into a more decentralised structure that we call Web 3.0. Metaverse is another cog of Web 3.0. Many experts believe it is the future of the Web. Smart contracts based on blockchain will play a big role in the future.

Among the indices, the Nifty Bank has registered the biggest increase in its profitability. The buoyant loan growth, margin improvement, and lower provisions have aided the profits. With the macro environment in favour, the banks are expected to continue to perform effectively.

Most PSU banks had lost market share and were quoting at lower book values due to underperformance for the past few years. But these banks are now garnering high advances with rising system credit growth.

IT sector: Is it out of the doldrums?

Updated at : 2022-11-26 12:20:01

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It was feared that the economic slowdown in Europe and the US would affect the IT sector, but that has not happened. Contrarily, the majority of businesses have reported strong growth, even in Europe. While the situation is volatile, companies are confident of navigating the same successfully.

The bear markets are also a good time to invest in strong projects with good fundamentals due to lower prices. It is when investors have low confidence due to prolonged price dip, and as a result, the valuations are attractive.

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​​​Four days into World Cup, Nike teams have accumulated 15 points, while Adidas-clad teams have accumulated 11 points. So far during the tournament, shares of Nike have climbed over 1%, while Adidas and Puma are each down more than 3%.

"Being a contrarian investor helps me overcome my emotions. I see the market falls as an opportunity to invest at the lows. I also stagger the purchases/sales as my experience has taught me that markets tend to overdo on both sides."

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At Indus’s second quarter earnings call last month, CFO Vikas Poddar had said that the company is raising funds via issuance of NCDs as it’s classified as a large corporate, and is accordingly, required to comply with a provision of raising a minimum 25% of its incremental long-term borrowing by way of debt securities.

A framework to deal with tech glitches

Updated at : 2022-11-26 10:20:01

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Sebi has defined technical glitch as any malfunction in the systems of stockbrokers, including in its hardware, software, networks, processes or any products or services provided by the stockbroker in electronic form.

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Potential risks highlighted by Macquarie Capital Securities for Paytm’s business from the foray by Reliance Industries into financial, prompted investors to dump shares of One97 Communications, which has already been one of the worst performers in 2022 so far.

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