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₹ 6,000 crore. The initial allocation is specifically aimed at supporting 1 GW of offshore wind capacity, and the ministry of new and renewable energy (MNRE) has sent the proposal to the finance ministry, two people familiar with the developments told Mint. Queries sent to MNRE and finance ministry remained unanswered till press time.

It has been revealed that Bitfarms, a Bitcoin mining company that is vertically integrated and works on a global scale, has released its financial report for the month of December 2023. During the course of this month, the company produced 446 BTC, which is a generation that is 13.8% more than the output that was produced in November. This jump was attributed to strong uptime and a significant increase in transaction costs, despite the fact that there was an increase in the number of problems with the network. There was a correlation between the spike and both of these elements.

₹1,800 crore (through the IPO) to grow rapidly. Of this, ₹1,500 crore will be a capital raise to deleverage and future growth. We will use the remaining ₹300 crore for general corporate purposes and will deploy that later.

Bob Doll, the market strategist who’s known for his annual predictions on the markets, has been named president and chief executive of Crossmark Global Investments, a faith-based investment management firm headquartered in Houston, where he has served as chief investment officer since 2021.

Uber is shutting down alcohol delivery app Drizly, the company confirmed this week, just under three years after acquiring the platform for $1.1 billion

Game software development company Animoca Brands has begun the phased launch of its decentralized chess strategy video game, Anichess, in partnership with Norwegian chess grandmaster, Magnus Carlsen, the company announced today.

Investing.com — Goldman Sachs (NYSE:GS) reported its Q4/23 results today, with EPS of $5.48 coming in better than the consensus estimate of $3.80. Following the results, Goldman Sachs’ shares rose more than 1% pre-market today.

After becoming the first new addition to a prestigious club of United Kingdom bond dealers since 2011, Bank of Montreal is looking to use the role as a springboard into European debt markets.

Some people may want to fast-track their savings because they have early retirement goals or want to catch up after a period of not saving as much as desired

This will be another year of transition at the four wirehouses – Merrill Lynch, Morgan Stanley, Wells Fargo Advisors, and UBS – as each seeks to find stability after last year’s significant changes.  

U.S. importers are rediscovering the lure of Southern California ports. Trade is swinging back to the ports of Los Angeles and Long Beach after a period in which pandemic-driven shipping disruptions and broader shifts in manufacturing pushed supply chains more heavily toward Gulf Coast and East Coast ports.

Arun Sundaresan, Head-ETF, Nippon Life India Asset Management, says “generally, most of these ETFs anyway tend to be low on expense and they may be comparable but the moot point here is that you should not be guided only by the expense ratio. If the liquidity is poor and if the impact cost is very high, that may defeat the entire purpose of low-cost investing through ETFs.” ETFs are seeing substantial numbers as far as the performance across the board are concerned, especially the volumes. I really want to understand the trigger behind these significant volume numbers. Arun Sundaresan: Obviously ETFs and index funds, passive funds as they are called, have been picking up significant traction over a period of time in the mutual fund industry. Already the total assets under management in these types of funds is around Rs 8 lakh crore. Particularly talking about ETFs, the exchange traded funds they have been around for quite some time now. The topic for today's discussion, what we wanted to talk to you about is the liquidity in an ETF, how critical that is when it comes to your investment.

The last BOJ meeting of 2023 took place before the holidays in December, and as expected, it brought no changes to the dovish BOJ monetary policy that has been in place for many years.

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By Ankur Banerjee

National Startup Day on January 16, key figures in the startup ecosystem shared insights on the challenges and opportunities for entrepreneurs in India. Startups in India grapple with several challenges, including the critical issues of talent acquisition and retention as they strive to build and scale their teams, said Mahankali Srinivas Rao, CEO of T-Hub, India's leading startup incubator and Startup Odisha, Odisha government's startup vertical.

As the leading global policy makers and thought leaders gather in Davos for the World Economic Forum (WEF) 2024, there is heightened anticipation about the scheduled discussions on critical global issues dealing with the economic, technological and environmental trajectory for the coming years. The WEF’s recent report on the ‘10 Global Risks’ provides a guide for the conversations that will take place at Davos this year. I can see a few key themes that will take centre stage in WEF 2024.

Wipro Ltd hit 52-week highs, and HCL Technologies Ltd surged to a record high. FPIs net purchased shares worth ₹1,085.72 crore while domestic institutional investors (DIIs) sold shares worth ₹820.69 crore.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since Friday: upgrades at Qualcomm, Twilio, International Flavors & Fragrances, and CIENA.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Shopify, Snowflake, Nutrien , and Illumina.

At the start of 2024, investors are focused on identifying headwinds and tailwinds for individual countries as well as assessing global propositions, in what promises to be another eventful year as central banks continue their battle with inflation and elections loom in the US and the UK.