Sun, Nov 17, 2024 2:22 PM
Zepto’s cash burn crosses ₹250 crore a month on rising costs
A Flip by Shubhangi Gupta
Bitcoin has soared an eye-popping 22,000% over the past decade, so it's clear that many early adopters probably have become millionaires -- the world's biggest crypto launched back in 2009. And this top cryptocurrency continues to head higher these days, with a 100% increase so far this year, suggesting there may be a lot more to gain if you continue to hold on to Bitcoin for the long term.
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Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September and another 25 basis points in November. So deposit rates — including money market account rates — have started falling.
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State-owned NTPC Green Energy Limited’s initial public offering (IPO) is scheduled to open for public bidding on Tuesday, November 19 and close on Friday, November 22. The renewable energy firm’s IPO will have its anchor round of investing on Monday, November 18. NTPC Green Energy aims to raise nearly ₹10,000 crore through this book-built offer of a fresh issue of 92.59 crore shares.
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