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As the digital gold rush continues, Bitcoin remains at the forefront of the crypto landscape. Despite a recent hiccup where it struggled to breach the $28,000 threshold, dropping to $27,100 on Wednesday, enthusiasts remain optimistic. 

The key question facing the crypto industry is what the real utility of cryptocurrency is, according to Wall Street Journal columnist Jon Sindreu.

NEW DELHI : The Gujarat administration has kept communication channels open with Tesla Inc. to support the US company’s plans in India, Gujarat chief minister Bhupendra Patel said in an email interview. The chief minister said the state has set the goal of raising its contribution to the nation’s economic output from a little over 8% now to 10% by 2026-27, by which time it hopes to become a $500 billion economy.

The forces underlying the Treasury debt market are extremely adverse as the US is on an unsustainable fiscal path, a senior International Monetary Fund official said.

Emerging-market stocks just crossed another grim milestone: They’ve tumbled to the lowest level in 36 years relative to US equities.

undergraduate programmes will have to mandatorily do internships and they will be awarded credits for it, according to new draft guidelines of the University Grants Commission (UGC). The draft of the «Guidelines for internship and research internship for undergraduate students» was released on Tuesday in line with the National Education Policy (NEP) 2020 that emphasises the inclusion of research and internships in the undergraduate (UG) curriculum to provide opportunities to students for active engagement in on-site experiential learning.

₹26.78 billion and the latter at ₹20 billion, according to data released by the Association of Mutual Funds in India. These figures look robust despite a 37% and 20% decline, respectively. In contrast, large cap funds saw net outflows of ₹1.11 billion.

Moneycontrol reported Gill as saying. The good news, however, “basically ends there", he quipped.

Public Affairs, Public Policy and Advocacy have witnessed a gradual metamorphosis in the last few years. The corporate function which played its tiny part as a sapling in the corporate landscape has now grown into a sturdy tree branching into multitude dimensions. Today it not only holds a proud place in boardrooms but has also become an interface between Business, Governments & for enhancing external stakeholder engagement. With the spotlight on Public Policy and Advocacy, the last decade witnessed a steady evolution of this function. The spectrum of Public Affairs function has widened, encouraging inclusivity in decision making and embracing of diverse stakeholders. This has established a more transparent engagement of Industry and Government with focus on developing a more conducive business platform & building trust. The scope of public policy professionals has grown significantly over the past decade not only in India but across the globe. Public Affairs Forum of India — Pafi established on the four ethos — aligning with the Government, building trust, network and deepening a talent pool, has always been an advocate to this policy cause.

agrochemicals sector is likely to witness 3 per cent decline in revenue in this financial year due to falling prices, tepid demand and lower reservoir levels, a Crisil report said on Wednesday. For the first time in a decade, agrochemical makers will see a 3 per cent drop in revenue in 2023-24 due to falling prices globally following a supply deluge from China, muted demand for exports (53 per cent of revenues) owing to destocking by global manufacturers and the impact of lower reservoir levels on rabi sowing, the report said.

“This is going to be a game-changer policy for the entire startup ecosystem,” IT/BT Minister Priyank Kharge said, inaugurating an event to plan strategies to take Karnataka towards building a $ 1 trillion economy.

Labour Department reported on Wednesday that its producer price index — which measures inflation before it hits consumers — climbed 2.2 per cent from a year earlier. That was up from a 2 per cent uptick in August. On a month-to-month basis, producer prices rose 0.5 per cent from August to September, down from 0.7 per cent from July to August.

₹98,374 in 2022-23. This is equivalent to around $1,183. The economy is on the path to hit the $5 trillion mark in 2027, aided by financial sector development and strong demographic advantage, Reserve Bank of India (RBI) Deputy Governor Michael D Patra said last month.

wine producer, said revenue rose 11% helped by strong premiumisation during the September quarter. The company which controls over 50 per cent share in the domestic wine market, said its focus on premiumisation has paid off with its elite and premium wines clocking over 18% growth this quarter. “We are pleased to announce yet another quarter of double-digit growth, both in our all-important own brands and wine tourism businesses. Our focus on premiumization continues to pay off, with our Elite and Premium wines leading the way with 18% YoY growth in Q2 and 24% YoY growth in H1, bucking the slowing trend in discretionary spending in the overall economy during Q2,” said CEO Rajeev Samant said in its investor update. The company said it is anticipating a strong harvest once again despite the irregular monsoons, which bodes very well for meeting the increasing demand for premium wines.

hedge funds to produce higher returns with the prospect of interest rates staying higher for longer, a BNP Paribas investor survey showed on Wednesday. Interest rates in big developed economies have shot up since late 2021 to contain inflation, with resilience in the U.S. economy adding to a sense that rates will likely stay higher for longer than initially expected. Investors now expect hedge funds to return an average of 9.75% annually within an average of 19 months, up from 6.85%, according to the survey. However, hedge funds themselves think this will take longer, up to 29 months, the survey showed. «There is a lag for hedge funds to catch up in the rising rate environment,» said Marlin Naidoo, global head of capital introduction at BNP Paribas. «The question now is whether investors will be willing to wait — because that is where the gap is,» said Naidoo. BNP Paribas said historical evidence shows hedge funds tend to perform well in higher and stable interest rate environments and less so when rates are lower. When central banks are in a tightening or loosening cycle, hedge fund performance is not correlated to rising and falling rates, it added. Stripping away the general rise in the MSCI index of world stocks, hedge funds posted on average a 1.10% better performance than three-month Treasury bills from January 2022 to August 2023, BNP Paribas said. Only four of the central banks overseeing the 10 most heavily traded currencies held rate setting meetings in August.

LONDON (Reuters) — Global economic losses could reach $5 trillion under a «plausible increase» in extreme weather events linked to climate change that cause crop failures and food and water shortages, insurance marketplace Lloyd's of London said on Wednesday.

The recent resilience of the US economy, as demonstrated by the unexpected addition of 336,000 jobs in September, might hold positive implications for the growth of Bitcoin (BTC), Yield App chief investment officer Lucas Kiely has argued.

 Federal Reserve Bank of Chicago President Austan Goolsbee provides insight on the state of the U.S. economy on 'Making Money.'

₹100 crore, symbolizing the zenith of achievement. Yet, India's rich and mighty aren't the sole purveyors of such extravagance. A recent Gurgaon apartment sale, as per reports, touched the ₹100 crore mark.

WASHINGTON (Reuters) — U.S. producer prices increased more than expected in September amid higher costs for energy products, but underlying inflation pressures at the factory gate continued to moderate.

Indian Ocean region to effectively address the development challenges as it warned them to be clear of the dangers of «hidden agendas» in unviable projects or unsustainable debt, in an apparent reference to China which is accused by the West of «debt trap» diplomacy. Speaking at the 23rd Council of Ministers Meeting of the Indian Ocean Rim Association (IORA) in Sri Lanka, External Affairs Minister S Jaishankar said that it is important to maintain the Indian Ocean as a free, open and inclusive space based on the UN Convention on the Law of the Seas (UNCLOS), as the Constitution of the Seas.