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Flipkart's valuation has taken a hit, dropping by $5 billion or around ₹41,000 crore since January 2022, PTI reported citing transactions by its United States-based parent company Walmart. As of January 31, 2024, Flipkart's valuation stands at $35 billion, down from $40 billion in FY22, reflecting changes in Walmart's equity structure, it added. The decline in Flipkart's value is attributed to the separation of fintech firm PhonePe into an independent entity, the report said, adding that sources suggest Flipkart's current valuation falls between $38-40 billion.

Bitcoin hitting all time highs and boasting a staggering 12-month return of 200% has made headlines all around the world. Has any other asset outperformed Bitcoin during the same time? Ladies and Gentlemen, let me present to you MicroStrategy (MSTR); its price has skyrocketed with a remarkable 12-month return of 600%. The financial world stands in awe of its CEO Michael Saylor and his audacious strategy, which is now heralded as «The Trade of the Century.» on crypto Twitter. So who is Michael Saylor? Born on February 4, 1965, Saylor rose to prominence as an American entrepreneur and business executive. Co-founder and executive chairman of MicroStrategy, a leading provider of business intelligence, mobile software, and cloud-based services, Saylor's entrepreneurial journey has been marked by both triumphs and setbacks. In the late 1990s, Saylor emerged as one of the poster boys of the Internet bubble, amassing immense wealth thanks to his stake in MicroStrategy. However, the dot-com bust and some questionable accounting practices led to a restatement of financial results, causing Saylor to fall from the billionaire ranks and fade from public memory.

Investing.com-- U.S. stock index futures moved little in evening deals on Sunday, with caution ahead of a Federal Reserve meeting dissuading big trades, while AI darling Nvidia Corp 's annual developer conference also came into focus.

Vladimir Putin warned the West on Monday, suggesting that a direct conflict between Russia and the US-led NATO military alliance would bring the world close to World War Three. As reported by Reuters, Putin emphasized that few desire such a catastrophic outcome.

ITC Ltd.'s investors have been a worried lot this year. The company's stock has fallen a little over 9% since the year began, which is substantially higher than the 5% drop witnessed by the sectoral index Nifty FMCG in the same period. This weakness in the company's stock comes after it had consecutively outperformed the sectoral index in the previous two calendar years.

Read here: Week Ahead: US Fed Policy, FPI inflows, crude oil prices, global cues among key market triggers this week Meanwhile, escalating global geopolitical risks can weigh on market sentiment after Ukraine attacked Russian oil refineries over the weekend, with drone strikes hitting multiple plants, some of them deep within the country’s territory. On Friday, the Indian stock market indices closed with significant losses as investors resorted to profit-taking as sentiment remained cautious amid persistent concerns over stretched valuations and froth in certain segments of the market. The Sensex slipped 453.85 points, or 0.62%, to close at 72,643.43, while the Nifty 50 ended 123.30 points, or 0.56%, lower at 22,023.35.

Edited excerpts: From the perspective of NRIs and foreign investors, there has been a consistent uptick in investments in India year on year, fuelled by the country’s stable and genuine long-term growth trajectory. With a projected growth rate of 6.5% this year, surpassing that of any other country, and an anticipated GDP of $5 trillion by FY25, India's market is garnering increasing attention.

Also Read: Indian stock market: 10 key things that changed for market over weekend - Gift Nifty, US factory output to oil prices On the weekly chart, Nifty 50 formed a long bear candle, which indicates the formation of a bearish engulfing type candle pattern. “Nifty as per the weekly chart placed at the edge of moving below the strong support of 20-week EMA around 21,915 levels. This is not a good sign.

Buy or sell stocks: On account of weak global cues, after the hotter-than-expected US PPI print, the Indian stock market ended lower on Friday. The Nifty 50 index lost 123 points but managed to close above 22,000 levels.

Russian Presidential Elections 2024: President Vladimir Putin won a record post-Soviet landslide with 87.8% of the vote in Russia's election on Sunday. He made it clear that the result should send a message to the West that its leaders will have to reckon with an emboldened Russia, whether in war or peace, for many more years to come.

Bitcoin and gold are zooming, which is not new, because the things people trade in go up and down. These two asset classes don’t interest me, and from time to time, I marvel why people invest in these. Is the current bull run in the two more or less the same? The answer is, mostly, yes. However, I’ll point out something that is different. Gold and Bitcoin are both useless asset classes that produce nothing. In origin and nature, these couldn’t be more different. Gold is the simplest form of wealth to understand; if it’s physical gold, it’s worth something. It has been used as a store of wealth and currency for millennia. Bitcoin is quite the opposite. In physical sense, it does not exist; it is entirely a technological construct. Fifteen years after its invention, relatively few people understand what it is and why it’s worth anything. I don’t know how many people genuinely understand what a blockchain, token, or NFT is, or what a crypto transaction actually does. Yet, in global finance, both are functionally the same. They are both functioning as currencies that are being used as havens from the rain of US dollars, which has now become a flood. Despite their fundamental differences, convergence in their function as safe havens reveals a broader narrative about diversifying assets in times of economic uncertainty. The deluge of US dollars can potentially safeguard their wealth against inflation and devaluation. At least, that’s the theory.

AP, in recent days, US Senate Majority Leader Chuck Schumer, the highest-ranking Jewish official in the country and a strong Israel supporter, called on Israel to hold a new election, saying Netanyahu had “lost his way." President Joe Biden expressed support for Schumer’s “good speech," and earlier accused Netanyahu of hurting Israel because of the huge civilian death toll in Gaza. Netanyahu told Fox News that Israel never would have called for a new U.S. election after the Sept.

₹11.1 trillion for FY25 in the interim budget in February. Virmani said expectations of growth beating estimates this year was really the capital expenditure multiplier of the budget working through the system, which will continue over the years and get better. Building infrastructure is helping not just the GDP growth, but has also added more employment for construction workers, he said.

By Wayne Cole

By Nidal al-Mughrabi and Ari Rabinovitch

Doctor Who enthusiasts, mark your calendars! The release date for Season 14, also known as Season 1, featuring Ncuti Gatwa as the Time Lord, has been unveiled, and it’s arriving sooner than anticipated.

By Sarah Marsh

India, which has been transformed from “an economy with promise” to being on the cusp of becoming the third largest one after the US and China, Satyan Gajwani, vice chairman, Times Internet, said in his welcome address at the ET Awards for Corporate Excellence 2023. “Today, we mark 25 years since the founding of the ET Awards,” he said. “Way back in 1998, when we launched this endeavour to celebrate the best of Indian business, the Sensex hovered around 4,000 points — it has grown 18 times and is about to touch 75,000.” Gajwani spoke about the remarkable growth of India’s stock markets, showcasing a news report from ET in 1998 quoting a survey result of 3,000 households that preferred selling their stocks rather than buying them.

There has been mounting pressure on the Biden administration to intervene and secure the release of the detained  Binance  executives.

One morning late last month, the financial futures of hundreds of medical students in the Bronx, New York, changed forever. A gift of $1 billion from Ruth Gottesman, a former professor at Albert Einstein College of Medicine and chair of its board of trustees, will make the school tuition-free in perpetuity. The donation, one of the largest in US higher education history, is an act of generosity that will undoubtedly improve life for Einstein’s students and potentially benefit the surrounding community, one of America’s poorest.

Frontier markets are back. Several African countries have recently returned to global financial markets, placing foreign-currency bonds with international investors. The question is whether they are back for good, or whether someone or something—namely, the US Federal Reserve—will throw a wrench in the works.