Nifty consolidated with a weak bias on Thursday, closing marginally lower. Analysts suggest the short-term trend remains choppy, with the 25,700 level appearing vulnerable. Foreign portfolio investors and domestic institutional investors showed net buying activity.Read More
Binance’s APAC head, SB Seker, believes regulatory certainty will drive institutional and retail adoption of digital assets in India. Currently, a lack of clear regulations hinders fund managers from recommending crypto and pushes peer-to-peer transactions to the fringes, creating risks. Consumer safeguards are linked to licensing frameworks beyond AML registration.Read More
Anupam Rasayan’s stock surged following its $150 million acquisition of US-based Jayhawk Fine Chemicals. This strategic move grants Anupam a US manufacturing presence, enhancing its global CDMO capabilities and polymer portfolio. The deal, funded through internal accruals and structured equity, is expected to be EPS accretive from day one and significantly boost US export share.Read More
Wall Street’s main indexes opened higher on Thursday after softer-than-expected inflation data boosted expectations for more interest rate cuts by the Federal Reserve, while chipmaker Micron’s blowout forecast briefly eased worries about tech-sector valuation.Read More
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