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At the Global Fintech Festival 2025 in Mumbai, Alt DRX’s leadership unpacked how tokenisation is transforming India’s most coveted asset class—real estate—into something accessible and liquid. The conversation with co-founders Anand Narayanan, Avinash Rao, and Sachin Joshi followed a glowing reference by Nandan Nilekani, linking their innovation to India’s digital public infrastructure and the country’s...
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Japan’s Nikkei index experienced its largest weekly fall since April. This decline was driven by tech stocks mirroring a drop in US markets. Investors are concerned about high valuations. Corporate results also played a role, with some companies reporting disappointing figures. However, Recruit Holdings and Nissan Motor saw gains following their financial updates.
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Pine Labs’ Rs 3,900 crore IPO opened with an 8% subscription on Day 1 and a 5% grey market premium. The company shows strong financial recovery and market potential, with analysts recommending it for long-term investment.
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Bitcoin traded steady between $101,000 and $102,000 on Friday amid a hawkish U.S. Fed stance and weak global cues. Ethereum slipped below $3,400, while altcoins saw mixed movement. Analysts said whale accumulation and ETF inflows could trigger a rebound if Bitcoin breaks above $102,500.
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Divi’s Laboratories reported a robust financial performance for the second quarter of FY26, with consolidated net profit soaring by 35% year-on-year to Rs 689 crore. The pharmaceutical major also witnessed a significant 16% increase in consolidated revenue from operations, reaching Rs 2,715 crore for the period.
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Smartworks Coworking Spaces Ltd has significantly reduced its net loss to Rs 3.13 crore in the second quarter. This improvement comes despite increased expenses. The company’s total income saw a healthy rise of 22 percent compared to the same period last year. Smartworks manages large office campuses across India and Singapore, sub-leasing them to various...
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Citi reiterates “BUY” rating on Vodafone Idea with a target price of Rs 14, suggesting a 51% upside. The Supreme Court’s order enables reassessment of Vodafone Idea’s AGR dues, providing potential government relief.
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Vietnam’s richest man, Pham Nhat Vuong, has launched VinSpace Joint Stock Company to produce planes and spacecraft, expanding Vingroup’s diverse portfolio. This new venture, with initial capital of $11.4 million, aims to complement existing Vingroup businesses and explore future growth in aerospace and related fields.
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Japanese government bond yields saw an uptick, particularly for longer-term debt, following Prime Minister Sanae Takaichi’s appointments of fiscal stimulus advocates to key economic roles. This shift has reignited concerns about government spending, impacting yields across various maturities. Market sentiment remains cautious, with fiscal developments and overseas interest rates now the primary drivers for JGBs.
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Japan’s Ministry of Finance is exploring mid-year reviews for government bond issuance. This move aims to boost market stability. Currently, plans are set annually. A recent cut in super-long bond sales eased market oversupply concerns. The proposed change would allow adjustments based on market conditions. This marks a significant shift in Japan’s bond issuance framework.
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