Cryptocurrency traders faced huge losses. Bullish bets worth over $1.5 billion got liquidated on Monday. This triggered a sharp selloff, impacting smaller tokens severely. Ether fell significantly. Bitcoin also saw a decline. Demand from digital-asset treasury companies seems to be fading. Over 407,000 traders were liquidated in a day. The digital-asset market capitalization fell below $4 trillion.Read More
The volume of Indian initial public offerings is poised to grow as companies and private equity firms monetize their investments, according Anu Aiyengar, global head of advisory and M&A at JPMorgan Chase & Co.Read More
India’s IT sector faces challenges due to a steep H-1B visa fee hike, potentially impacting margins by 50-100 basis points and EPS by 2-4%. However, the industry’s shift towards local hiring, offshore delivery, and the rise of Global Capability Centers (GCCs) are expected to mitigate the long-term effects. Larger firms like TCS and Infosys are better positioned to adapt.Read More
Trualt Bioenergy, a major Indian ethanol producer, is launching its IPO with a price band of Rs 472–496 per share, aiming to raise Rs 839 crore. The IPO opens on September 25 and closes on September 29, with listing on October 3.Read More
Trump’s $100,000 H-1B fee will make sending Indian IT engineers to the US costly, hitting firms like Infosys, TCS, and Hexaware, which rely heavily on H-1B employees for US revenue.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
