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A movie based on Ethereum NFT collection Reactor Motors is in the works. Pierre Morel, renowned for directing action hits such as “Taken” and “Transporter 2,” will direct the inaugural feature film derived from an NFT collection.

Bitcoin has surged by 8.08%, marking a 50.42% increase in the last month and an impressive 250% growth over the past year. Bitcoin has surpassed its previous all-time high, rising by 1% in the past 24 hours. Currently, it trades near $73,000.

broader Indian market, which is now an underperformer in Asia Pacific after a multi-year rally. An index of small-cap stocks has lost more than $80 billion in market value in less than two weeks after authorities flagged risks of overheating and guided funds to limit purchases. The selloff deepened on Wednesday, with gauges of small- and mid-cap stocks plunging more than 4% each.

₹4,595.06 crore, while domestic institutional investors (DIIs) purchased ₹9,093.72 crore worth of stocks on March 13, provisional data from the NSE showed. The rupee declined by 5 paise to settle at 82.85 (provisional) against the US dollar on Wednesday, tracking a broad-based selloff in domestic markets.

Stock market today: On account of broad-based selling across segments, the Indian stock market ended lower on Wednesday. The Nifty 50 index witnessed a sharp correction on the previous session and ended 338 points or 1.51 percent lower at 21,997 level.

The Indian stock market is undergoing some turbulence. Its benchmark index fell 1.2% on Wednesday. The drop was steeper in the prices of mid- and small-cap stocks, whose indices went down by 4% and 5%, respectively.

The Financial Industry Regulatory Authority Inc. went back to carrying a big stick last year as the fines it imposed on brokerage firms reached $89 million, a 63 percent increase compared to $54.5 million in 2022, according to a new report by the law firm Eversheds Sutherland.

Crisil Ratings has said that the Reserve Bank of India's regulatory measures will directly impact JM Financial Products' business in IPO financing and lending against shares, while restrictions placed on IIFL Finance will reduce its overall assets under management. CareEdge, Crisil, and ICRA Ratings have placed IIFL Finance under rating watch following the RBI ban on giving new gold loans. Neither of the rating companies has revised the ratings of both finance companies.

«FMCG and contrarian plays like gold are offering some refuge. Other than the premium valuation no fundamental issue is noticed to drawback the long-term growth image of domestic midcaps,» said Vinod Nair, Head of Research, Geojit Financial Services.

Income Tax Appellate Tribunal unfreezes Congress' bank accounts, Kharge says 'power drunk Modi Govt…' Taking up the issue of electoral bonds, which got scrapped by the Supreme Court of India last month, said, " They (Bharatiya Janata party) are not disclosing about electoral bonds they got because their theft will come out, their wrong deeds will come out, so they asked for time till July". In February this year, Congress announced that its bank accounts had been frozen by the Income Tax department in connection with a dispute over a tax demand of ₹210 crore.

By Joanna Plucinska and Tim Hepher

The Financial Services Authority (OJK), Indonesia’s financial services watchdog, released new rules on March 13 that will cover cryptocurrencies and will come into force in January 2025.

By Brendan Pierson

To passersby, the construction site at Yonge and Bloor in downtown Toronto where The One, an 85-storey mixed-use development is slowly taking shape, looks just like any other, albeit on a grander scale. Workers are making progress, pushing up past the 50th storey as the building’s facade begins to take shape.

protests in Kerala against implementation of the Citizenship Amendment Act, the state cabinet, chaired by Chief Minister Pinarayi Vijayan, on Wednesday decided to pursue legal measures aligned with the state government's stance against the contentious law. According to an official statement issued by the Chief Minister's Office (CMO), the Advocate General has been tasked with initiating legal proceedings in the matter, further to the original suit that is before the Supreme court. «The state government has already filed an original suit before the Supreme Court under Article 131 of the Constitution. As the central government has proceeded with the notification of rules under the CAA, the state is preparing for additional legal action through the Supreme Court,» it said.

gross negligence on the part of the auditors" of the now-crippled edutech firm Byju's, said its president Ranjeet Kumar Agarwal on Wednesday. Besides, the top official also said the accounting body is also planning to inspect the books of payments major Paytm. «Our inspection has found gross negligence on accounting practices by individual auditors of Byju's and accordingly we have recommended to the Financial Reporting Review Board (FRRB) to take punitive actions on auditors concerned,» Ranjeet Kumar Agarwal, the president of the Institute of Chartered Accountants of India (ICAI), told PTI here. When asked whether the ICAI will inspect the books of the payments major Paytm group now, he said, «As we have taken a suo moto decision to look into the role of the auditors of Byju's, we are now thinking about looking to the role of the auditors of the payments major Paytm now».

Apollo Tyres Ltd, Ceat Ltd, JK Tyres & Industries Ltd and MRF Ltd have declined 5-15% in the last five trading sessions. Considering an average selling price of ₹40,000 per pair, a price reduction of around 1.5-2% has been taken by companies like Apollo Tyres and JK Tyres, showed a recent dealers’ channel check by Nomura Financial Advisory and Securities (India). This move was in response to a similar price-cut action taken by the truck segment leader, MRF on 5 March, Nomura said in its report dated 7 March.

Frothy U.S. Stock Market Just Isn’t Crazy Enough to Be a Bubble Conversely, the Indian stock market suffered strong losses the following day, with Sensex and Nifty 50 falling over a per cent each and the overall market capitalisation of BSE-listed firms plunging by as much as about ₹13.5 lakh crore in a single session. Also Read: Sensex, Nifty 50 fall over 1% each; why did the Indian stock market fall today? The domestic market appeared concerned that a delay in rate cuts could deter foreign capital inflows into it.

The Bear Traps Report founder Larry McDonald reacts to January’s PCE report and its impact on the Federal Reserve’s highly monitored rate decision. 

Meta, the parent company of Facebook, has filed a lawsuit against its former Vice President of Infrastructure, Dipinder Singh Khurana, also known as T S Khurana, for allegedly stealing confidential documents before joining a «stealth» AI cloud computing startup, as reported by Bloomberg. The lawsuit, filed on February 29 in a California state court, accuses Khurana of violating his contract and engaging in «brazenly disloyal» conduct, according to Bloomberg. Khurana, who worked at Meta for 12 years, allegedly uploaded a «trove of proprietary, susceptible, confidential, and non-public documents about Meta's business and employees» to his personal Google Drive and Dropbox accounts just before leaving the company, the lawsuit claims. These documents reportedly include information related to employee pay and performance and non-public business contracts.

market remained under pressure due to apprehensions regarding inflated valuations. In today's trade, markets will likely react to India's retail inflation data, which eased marginally to 5.09% on an annual basis in February.