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Winner or the Startup of the Year category at the ET Startup Awards 2022, Razorpay has already surpassed its annual gross transaction value (GTV) target of $90 billion for this year, hitting the $100 billion mark even as online businesses are starting to see a slowdown.

The group will have a low-cost carrier and a full-service airline under Air India, which will be the only airline brand in the group following the merger, said executives with knowledge of the matter. An official announcement is expected within a week, they said.

Gold prices ease as U.S. dollar, yields gain

Updated at : 2022-11-14 09:20:01

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Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced. The dollar index rose 0.4% against its rivals after falling to a near three-month low on Friday, making gold more expensive for other currency holders.

Dollar steadies as Fed cautions on inflation

Updated at : 2022-11-14 09:20:01

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"I think the market got a little bit ahead of itself," said Carol Kong, a currency strategist at Commonwealth Bank of Australia, adding the market will likely get a reality check from Fed officials, helping the dollar to recoup some of its recent losses.

Spending is a worry for some investors because they believe it could buoy inflation and potentially force the Fed to ramp up their market-punishing monetary tightening policies. Softer-than-expected inflation data last week spurred hopes the Fed could temper its rate hikes, sparking a sharp rally in stocks and bonds.

The amalgamation scheme remains subject to various statutory and regulatory approvals, including from the NCLT and the respective shareholders of the companies involved, it said.In a separate filing, HDFC Life informed exchanges about the approval granted to the company by Pension Fund Regulatory and Development Authority (PFRDA) on the merger scheme shareholding changes.

ONGC, Grasim, IRCTC, Bharat Forge, Biocon, Abbott India, Balkrishna Industries, NMDC, Aarti Industries, AIA Engineering, GMR Infra, Godrej Industries and Radico Khaitan are among the companies that will announce their results for September 2022 quarter today.

VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, believes that FPIs are likely to buy more in the coming days as inflation in the US is showing a moderating trend, and dollar and US bond yields are declining.Also, India has the best earnings growth outlook among large economies. However, valuations are getting stretched, he added.

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As we are keeping our view bullish hence we advise traders to go for Bullish Call spread option strategy. It is a 2 leg option strategy and consists of buying one ATM strike of Call option and selling one higher strike of Call option. Keeping the target of 18600, we feel traders can go for bullish Call Spread strategy where maximum profit will be made at 18600.

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The implosions and scandals of the past few months have laid waste to the key arguments of crypto boosters, and all but obliterated the notion of Bitcoin as safe haven in turbulent times. But none of those events -- from the TerraUSD collapse to the Celsius bankruptcy -- were as damning as the revelation that even FTX, until recently considered one of the most blue-chip names in crypto, was unsound.

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