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Binance has scrapped its letter of intent to buy rival crypto exchange FTX after due diligence. Furthermore, there are several reports that FTX mishandled customer funds.

“My view is simple that the broader index is going to trade within a range of 4-5% either on the upside or on the downside for next six months. As of now, the market can fall 10% from here or can move up more than 10%. I think it is a range-bound market and whatever levels come in, should be within those levels.”

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Revenue from the healthcare services business grew 5% YoY to Rs 2,277 crore, while the digital health and pharmacy business registered a growth of 43% to Rs 1,668 crore.

Under the proposed framework, the existing public equity shareholders of the corporate debtor should be provided an opportunity to acquire equity of the fully diluted capital structure of new entity to the extent of up to the minimum public shareholding percentage (currently 25 per cent). The pricing terms should be the same as agreed upon by the resolution applicant.

“Trend in SIP contribution and folios are positive reflecting faith of the investors in the Indian economy and markets. It also re-affirms the trend of financialisation of household savings even in the face of persistent concerns on the global macro front. The Indian economy’s resilience during these troubled times globally is also helping,” Akhil Chaturvedi, Chief Business Officer of Motilal Oswal AMC, said.

"We are happy to share that the second quarter and H1 results have validated despite huge raw material price hikes, our pass through remains healthy. Our strong alignment with the India growth story provides positive tailwinds to demand growth for our products.

"In addition, SALIC will acquire a 1.33 per cent equity stake through a secondary share purchase from the Promoters Group. Post completion of this transaction, SALIC will hold a 9.22 per cent equity stake in LT Foods. The Promoters of the company will continue to hold the majority equity stake of 51%," LT Foods said in a stock exchange filing.

FTT, the utility token of the FTX exchange, collapsed by more than 40% Wednesday following a tumble of more than 70% Tuesday. But just about every digital coin is struggling. Bitcoin fell as much as 15% to $15,987 on Wednesday, the least since November 2020, which leaves a lot of holders under water.

“A finished product is always much much more in demand and that is the time we get the full realisation. We have to strike a balance. It is far better than doing residential projects relying on debt because since we do pre-sales we must get the cash flows to sustain the development.”