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A federal judge ruled that customers can sue Binance in court over unregistered token sales, rejecting the exchange’s arbitration request. The judge found Binance failed to adequately notify users about changes to its terms of use requiring arbitration and waiving class-action rights. The ruling allows customers who lost money on seven tokens to pursue their...
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Ola Electric shares have plummeted 84% from their peak, wiping out significant investor wealth and now trading below their issue price. The company faces intense competition, regulatory scrutiny, and declining market share, leading to downgrades from major brokerages. Analysts suggest a cautious approach due to persistent headwinds and a negative market structure.
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Silver and gold prices surged on MCX Friday. Investors watched US-Iran negotiations and tariff concerns. Gold futures for April 2026 and silver futures for March 2026 saw significant gains. Experts suggest buying gold and silver on dips. Physical gold rates varied across major Indian cities.
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Indian IT shares saw gains on Friday. This followed a tech rally on Wall Street that lost momentum. US-listed Infosys and Wipro ADRs also rose. Experts believe Indian IT can benefit from AI spending. They suggest accumulating select IT stocks on dips. The sector’s recent weakness may be nearing a bottom.
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Mayur Patel of 360 ONE Asset Management sees improving structural drivers in financials, telecom, commercial vehicles, and integrated solar manufacturing, which are not fully valued for their medium-long term earnings. He highlights easing liquidity, trade deal benefits, and potential for revived foreign flows, while cautioning on AI disruption in IT services and rich valuations in...
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Netweb Technologies India rose 3% after announcing a collaboration with Vertiv to jointly develop and validate GPU-based AI infrastructure solutions. The partnership integrates Netweb’s rack-scale GPU platforms with Vertiv’s cooling and power systems, targeting higher rack densities, faster deployment and stable performance for AI training and inference workloads across next-generation data centre environments.
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India’s Nifty IT index is experiencing a significant downturn, with investors fearing artificial intelligence could render the current IT model obsolete. While some analysts see an attractive entry point due to market overreaction, others warn of sustained underperformance and structural obsolescence, questioning the sector’s long-term trajectory and current valuations.
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Shriram Finance shows a strong bullish setup with a breakout near all-time highs and improving momentum indicators. Analysts suggest a Bull Call Spread strategy to capitalise on further upside. The trend remains positive above key support levels, with RSI indicating room for gains without entering overbought territory.
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China’s central bank is intervening to slow the yuan’s rapid climb. The People’s Bank of China is removing foreign exchange risk reserve requirements for certain forward contracts. This move encourages dollar buying and cools the currency’s surge. The yuan had reached a near three-year high against the US dollar. This policy adjustment signals policymakers’ concern...
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Acetech E-Commerce’s Rs 49 crore IPO opens February 27, priced at Rs 106-112, closing March 4. The company, involved in dropshipping and teleshopping, aims to use proceeds for marketing, working capital, and acquisitions. With a flat grey market premium, investor response will be key for its March 9 NSE SME debut.
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