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rupee settled at 83.28 against the dollar. However, outflow of foreign funds and increased volatility in crude oil prices triggered by geopolitical situation put pressure on the Indian currency, forex traders said. “Dollar is moving south as fresh economic data from US signaled that economy is feeling the heat of aggressive rate hikes, which may prompt US Fed to start cutting rates in early 2024.

₹8,600 crore, that are disrupting various sectors and attracting global investors. In 2022, India added 14 new unicorns, taking the total count to 100, ranking third globally behind the US and China. However, unlike their counterparts in other countries, most of these unicorns have not gone public yet, preferring to raise funds from private sources.

Since the inception of the cryptocurrency market on May 22, 2010, marked by the purchase of two pizzas with 10,000 bitcoins in Florida, USA, the sector has seen remarkable growth. What began as a nascent market has ballooned into a colossal industry with an estimated value of around $1.4 trillion. By early 2023, this figure had soared to a staggering $2.5 trillion. The crypto world now encompasses over 11,000 varied cryptocurrencies, emerging as a center of groundbreaking applications and services.

Beaming at every turn, North Korean dictator Kim Jong Un toured the jewels of Russia’s military industries in September. A guest of President Vladimir Putin, he gawked at the plant making Su-35 jet fighters, inspected a Russian Navy frigate and examined the Kinzhal missiles at the Vostochny spaceport. Soon thereafter, trainloads of North Korean artillery shells started rolling to Russian troops in Ukraine—by American calculations, as many as one million munitions, or roughly three times what European nations had been able to supply in a whole year.

Covid-19 LIVE updates However, 16 states and union territories including West Bengal, Odisha, and Himachal Pradesh among others have not reported any Covid cases this time. JN.1 Covid variant: Delhi, Kerala, and other states review coronavirus situation According to the health ministry's data, Kerala accounts for 2,606 active cases of the total of 2,997 cases as of Friday 9 am data. Covid cases in Karnataka stand at 105 and in Maharashtra at 53.

Elon Musk has lashed out at the state of the US financial markets, citing the intense regulatory pressure faced by public companies such as Tesla. He also noted how shareholder pressure is limiting efficiency and how passive investing is leading to only 4-5 major stock pickers influencing market movements.

US SEC chair Gary Gensler earlier posted a video message on X warning crypto firms against non-compliance and calling the space “wild west.” Elon Musk-owned X, formerly Twitter, was quick to add community notes to Gensler’s post.

UN Security Council on Thursday again delayed a vote on a watered-down resolution to deliver desperately needed aid to Gaza — a revision backed by the United States, while other countries support a stronger text that would include the now eliminated call for the urgent suspension of hostilities between Israel and Hamas. The revised draft resolution was discussed behind closed doors for over an hour by council members not long after it was circulated. Because there were significant changes, many said they needed to consult their capitals before a vote, which is now expected Friday. US Ambassador Linda Thomas-Greenfield told reporters after the consultations that the United States backs the new text, and if it is put to a vote the U.S. will support it.

Catch Live Market Updates here The domestic equity market ended higher on Thursday amid across-the-board buying as investors remained upbeat on India’s growth prospects. The Sensex ended 358.79 points, or 0.51%, higher at 70,865.10, while the Nifty 50 gained 104.90 points, or 0.50%, to settle at 21,255.05. “Market is likely to move in a range as investor participation is expected to gradually decline globally ahead of the Christmas and New Year holiday," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

A number of upset travellers have traded in their swimsuits for snow gear after their sunny Bahamas-bound cruise was rerouted to more frigid temperatures in New England and Canada.

Catch Live Market Updates here On December 21, the domestic equity market witnessed a healthy bounce back and ended higher amid across-the-board buying. The Sensex ended 358.79 points higher at 70,865.10, while the Nifty 50 gained 104.90 points, or 0.50%, to settle at 21,255.05. Nifty 50 formed a bullish piercing candlestick pattern on the daily chart, indicating potential bullish momentum.

In a setback this week for Donald Trump, the Supreme Court of Colorado ordered his name struck off the ballot in the American state’s primary polls for his Republican party to pick its candidate for next year’s presidential election. This has cast a shadow on the candidacy of the former White House occupant, who was held ineligible for federal office under the US Constitution’s 14th Amendment. Brought in after the US Civil War, its Section 3 bars from such positions people who took an oath to uphold the Constitution but “engaged in insurrection or rebellion" against the country or gave “aid or comfort" to its enemies.

United Nations Security Council once again pushed back a vote for a much-delayed resolution on the war between Hamas and Israel, diplomatic sources said Thursday. The postponement to Friday came even as the United States, which has opposed a number of proposals during the resolution's drafting, said it was ready to support it in its current form.

virtual meeting with his Chinese counterpart on Thursday, the Pentagon said, in the first such conversation in over a year amid hopes by U.S. officials that it could lead to a broader restoration of ties between the two militaries. The video teleconference followed an agreement between U.S. President Joe Biden and Chinese President Xi Jinping last month to resume military-to-military ties severed by Beijing after then-House of Representatives Speaker Nancy Pelosi visited self-ruled Taiwan in August 2022. U.S.

RBI) foreign exchange reserves has dropped into negative territory after three years while the central bank seeks to balance the need for headline external buffers with liquidity drainage in a cash-strapped banking system. The RBI's net outstanding forward book — it represents proprietary dollar sales or purchases for a future date — turned negative in October. Mint Road is obligated to sell $14.6 billion dollars, latest data showed.

«Though the market saw profit booking of late, the underlying sentiments remain positive given robust micro and macro domestic factors. Further the market is likely to move in a range as investor participation is expected to gradually decline globally ahead of the Christmas and New Year holiday,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS

companies could spill over into the New Year as the US Federal Reserve's signal to cut interest rates in 2024 has partly eased concerns over higher-than-average stock valuations. While Accenture's latest growth guidance is indicating a subdued near-term outlook for the sector, fund managers and analysts said the US central bank's dovish tilt has reduced the risk of earnings downgrades. The next big trigger for the sector would be signs of deal wins by IT firms, they said. Since the Fed's latest meeting on December 13, the Nifty IT index has jumped 5.4%; the Nifty 50 gained 1.6% during this period. Investors have been cautious about the IT sector's prospects on account of the uncertainty over the US economy's outlook.

The time-honoured 60/40 asset allocation debate is alive and kicking as we head for the turn of the year.

The insurance industry wants to be carved out of a Massachusetts proposal that targets “junk fees” in product sales, a stance that echoes their opposition to a Department of Labor investment-advice proposal that also has been promoted as a way to combat “junk fees” related to retirement-savings recommendations.

Hyperloop One, the futuristic transportation company building tube-encased lines to zip passengers and freight from city to city at airplane-like speeds, is shutting down, according to people familiar with the situation.

America’s automakers have staked their futures on the notion that electric vehicles will dominate sales in the coming years, spurred by buyers determined to reduce carbon emissions and save on fuel