Bank of India is planning to raise Rs 5,000 crore via infrastructure bonds next week. The 10-year infrastructure bonds will have a base size of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore, according to sources. The bank board had given approval to raise Rs 10,000 crore through long-term infra bonds in 2024-25 to fund infrastructure projects.
Open FlipA federal jury in Marshall, Texas, on Friday awarded computer memory company Netlist $118 million in damages from Samsung Electronics in a patent lawsuit over technology for improving data processing in high-performance memory products. The verdict follows a $303 million verdict against Samsung for Irvine, California-based Netlist in a related case last year.
Open FlipAI cloud platform CoreWeave, is aiming for a valuation of more than $35 billion in its U.S. initial public offering that is expected to occur next year, people familiar with the matter told Reuters on Friday. Roseland, New Jersey-based CoreWeave is likely to target raising more than $3 billion from its share sale, which could launch during the second quarter of 2025, the sources added.
Open FlipPresident-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov. 5 election victory financial professionals had moved on from rising prices and begun worrying about rising U.S. debt, possible recession, and risks to global trade as among the top threats to the stability of the financial sector, according to a new Federal Reserve survey released on Friday.
Open FlipDonald Trump’s presidency is set to bring a fresh bout of volatility to markets, supercharging an options boom driven by retail traders. Tariffs, geopolitical tensions and uncertainty over government policies are poised to increase price swings, boosting the appeal of options. Retail investors have already flocked to the likes of Robinhood Markets Inc. and other trading apps.
Open FlipThe average ticket size of homes in India rose by 23% year-on-year to ₹1.23 crore during April-September, despite a 3% drop in units sold, totaling 2.27 lakh. According to Anarock, key housing markets, including Bengaluru and NCR, recorded significant increases in the average ticket size of homes sold in the April-September period this year compared to the same period in 2023.
Open FlipRail Vikas Nigam Ltd (RVNL) has received a ₹837.67 crore contract from Eastern Railway for an infrastructure project involving earthwork, bridge construction, and railway track laying, spanning 55.2 km between Kalipahari and Pradhankhuta. RVNL holds a 74% share in the joint venture with SCPL and expects to complete the project within 36 months.
Open Flip💰The stock market experienced notable fluctuations today, with the Nifty index closing at 23,349.9, reflecting an increase of 2.39%. 💰The top gainers in the Nifty index included SBI (up 4.52%), Tata Consultancy Services (up 4.22%), Titan Company (up 4.10%), Ultratech Cement (up 3.84%), and ITC (up 3.83%). 💰Conversely, the only notable loser was Bajaj Auto, which decreased by 0.25%.
Open FlipIndia's oldest stock exchange, BSE, has announced the introduction of futures and options (F&O) contracts for 43 stocks, set to be available for trading from December 13, 2024. The exchange disclosed the development in a circular issued after market hours on Friday. The list of stocks includes prominent names such as 📌Adani Enterprises, 📌Adani Ports, 📌Adani Power, 📌Paytm, 📌Zomato, and others.
Open FlipIndia's forex reserves dropped by $17.761 billion to $657.892 billion for the week ended November 15, the RBI said on Friday.In the previous reporting week ended November 8, the overall reserves dropped by $6.477 billion to $675.653 billion. The kitty, which had hit an all-time high of $704.885 billion in end-September, has been declining for multiple weeks now.
Open FlipCardano's native cryptocurrency ada (ADA) has surged 10% in the past 24 hours, trading at 90 cents early Friday on Coinbase and other exchanges. That's the highest price since May 2022, according to CoinDesk Indices data. The price has risen 22% this week, taking the month-to-date gain to 152%. That has raised the token's m-cap to $30.85 billion, making it the world's 10th-largest digital asset.
Open FlipBitcoin’s monthly all-time high comes over two weeks after Donald Trump won the 2024 US presidential election held on Nov. 5. Increasingly more analysts expect Bitcoin to breach the $100,000 mark. On Nov. 22, stablecoin flows to crypto exchanges reached a record monthly high of over $9.7 billion, flashing another optimistic signal for Bitcoin’s price trajectory leading up to 2025.
Open FlipThe U.K.'s long awaited crypto rules are coming. The U.K. plans to draft a regulatory framework for the crypto industry by early next year, Economic Secretary Tulip Siddiq said at a conference. The rules will apply to stablecoins and staking services and will end months of uncertainty for the industry. The announcement follows months of uncertainty about the government's plans for the industry.
Open FlipDogecoin is a novelty cryptocurrency that uses a Shiba Inu dog as its mascot. Dogecoin surged 324% this year, outperforming Bitcoin's 107% return, following Donald Trump's presidential election win, with Elon Musk's support. However, with little utility and no institutional investor support, Bitcoin remains a better long-term buy due to its potential as a store of value and growing adoption.
Open FlipDespite millions of selling pressure, Ether is staging a breakout to above $3,700 due to an emerging bull flag, according to market analysts. Some of the most popular industry analysts believe the Ether (ETH) market price is poised for a price breakout. Despite the selling pressure, Ether’s price rose by over 7.5% during the past week.
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