financial news
-
Cyber Security-Cyber Crime
Bitcoin Breaks $50,000 Barrier on Anticipation of Interest Rate Cuts
Bitcoin surged past the $50,000 mark for the first time in over two years on Monday, propelled by investor optimism about potential interest rate cuts and the recent approval of U.S. exchange-traded funds (ETFs) tracking Bitcoin’s price. Currently trading at $50,196, Bitcoin has seen a 5.58% increase for the day and a 16.3% gain year-to-date. This milestone follows a failed…
Read More » -
Money
Axis Mutual Fund Introduces Manufacturing Fund
Axis Mutual Fund unveiled its latest offering on Wednesday – the ‘Axis India Manufacturing Fund.’ Scheduled to kick off on December 1, 2023, and run until December 15, 2023, the open-ended equity scheme is set to be benchmarked against the Nifty India Manufacturing TRI. The fund’s primary objective is to achieve long-term capital appreciation by strategically investing in companies operating…
Read More » -
World News
Charlie Munger, business ally of renowned U.S. investor Warren Buffett, dies
New York- USA: Charlie Munger, the longtime companion and business ally of renowned U.S. investor Warren Buffett, passed away on Tuesday at the age of 99, as confirmed by his employer. Berkshire Hathaway, where Munger held the position of vice chairman under Buffett for decades, released a statement stating they were informed by Munger’s family members of his peaceful demise…
Read More » -
Finance
Gandhar Oil IPO Shatters Records: 64x Subscription Sparks Investor Frenzy
Exciting news in the financial arena! The Gandhar Oil’s IPO bidding closed on November 24 with an incredible response from investors. The three-day bidding process witnessed a remarkable 64 times subscription, reflecting the immense interest in the company’s public offering. Particularly noteworthy is the retail portion, which saw a subscription rate of 28.95 times. Non-institutional investors (NII) were equally enthusiastic,…
Read More » -
Finance
Tata Technologies IPO Released, Things All You Need to Know
Tata Group is making a comeback in the market after almost two decades with the initial public offering (IPO) of Tata Technologies Limited. The IPO, open for bidding until November 24, 2023, has set a price band of ₹475 to ₹500 per equity share. The company aims to raise ₹3,042.51 crore through this 100% offer for sale (OFS) on BSE…
Read More »