Strategy Financial News

Samajwadi Party president Akhilesh Yadav has no plans to attend the INDIA bloc meeting scheduled in Delhi on December 6, Samajwadi Party spokesperson Rajendra Chaudhary said on Tuesday. When asked if the decision was taken after the declaration of assembly poll results in four states, the spokesperson said there was no information about the meeting earlier. «The Samajwadi party national president has no plans to attend the meeting of the INDIA bloc tomorrow.

Hamas attack on the kibbutz of Nir Oz started a little after 6:30 a.m. on October 7 and lasted long into the afternoon, with dozens of fighters rampaging unopposed through the community with an apparent mission: To capture as many civilians as possible. By the time the last fighter left, one in five residents of Nir Oz was a hostage.

Bitcoin shrugged off a slide in global markets during a rally to a more than 19-month high, a sign of its decoupling from other assets. The token jumped 5.8% to scale $42,000 on Monday and was just below that level in morning Asian trading on Tuesday. In contrast, gauges of global shares and bonds are nursing losses since the start of the week. “This divergence underscores the current low correlation of crypto with other traditional macro assets,” Sean Farrell, the head of digital-asset strategy at Fundstrat Global Advisors LLC, wrote in a note. Bitcoin’s correlations with the likes stocks and gold have ebbed in 2023 as crypto-specific factors helped to spur a 152% climb in the largest digital asset. A key driver of the gains is the expectation that the US will allow its first spot Bitcoin exchange-traded funds, potentially widening demand for the token.

In a remarkable milestone, Bitcoin has surged to a trading value of $41,740, marking a 2.75% increase on Tuesday. This notable upswing sees the cryptocurrency breaching the $42,000 threshold for the first time since April 2022, a significant moment that underscores the growing mainstream acceptance and resilience of Bitcoin.

Indian Space Research Organisation (ISRO) has executed a unique operation, relocating the Propulsion Module (PM) of Chandrayaan-3 from a lunar orbit to an orbit around Earth, for an extended run after it completed its original mission objectives. ISRO confirmed that the PM fulfilled its main goal, transporting the lander module from the Geostationary Transfer Orbit (GTO) to the final lunar polar circular orbit, and achieving successful separation as intended.

Indian equities, followed by Taiwanese and South Korean stocks. “Ultimately, India stands out as its own story, as it offers more attractive scale and demographic dividends than most emerging markets, and does so under a democracy," said Malcolm Dorson, the head of emerging-market strategy at Global X Management Co.

Explore Wall Street's expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This Cyber Monday, enjoy up to 60% off, plus an extra 10% off a 2-year subscription with the code research23 , reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro.

Propulsion Module (PM) of the Chandrayaan-3 spacecraft, which was initially intended for lunar operations, was successfully returned to Earth's orbit by ISRO after exceeding its lunar mission objectives, demonstrating India's ability to not only launch objects to the Moon but also bring them back. Following the lunar hop by Vikram (lander), this was another accomplishment that shows that ISRO can restart engines on the moon and operate equipment, both of which were not foreseen, the national space agency stated in a release. «In another unique experiment, like the hop experiment on the Vikram Lander, the Propulsion Module (PM) of Chandrayaan-3 was moved from an orbit around the Moon to an orbit around Earth,» the Indian Space Research Organisation (ISRO) stated in its official release. The primary objective of the Chandrayaan-3, the country's first successful lunar landing mission, was to demonstrate a soft landing near the lunar south polar region and perform experiments using the instruments onboard the lander 'Vikram' and rover 'Pragyaan'. The spacecraft was launched on July 14, 2023, on board the LVM3-M4 vehicle from SDSC, SHAR. On August 23, Vikram Lander made its historic touchdown on the Moon and subsequently, the Pragyan rover was deployed to survey the uncharted lunar south pole. The scientific instruments in the lander and rover were operated continuously for 1 lunar day as per the defined mission life, the ISRO stated in its release, adding that the mission objectives of Chandrayaan-3 have been completely met. 'With regard to the Propulsion Module, the main objective was to ferry the Lander module from GTO to the final lunar polar circular orbit and separate the Lander.

MicroStrategy’s executive chairman Michael Saylor believes that Bitcoin (BTC) can still be 1000x from its current price of $41,500 – if given enough time.

Congress may be relieved with its defeat in the Hindi heartland. Split of anti-BJP votes led to Congress' defeat, said Trinamool Congress chief Mamata Banerjee and SP chief Akhilesh Yadav in their first reaction to the poll results. «I think BJP will not return to power if seats sharing is finalised early after a proper consensus,» Banerjee said in Kolkata on Monday. BJP wins in MP, Rajasthan and Chhattisgarh were not impressive as margins were slim, she said.

Mastermind Toys will be rescued from the brink of bankruptcy less than two weeks after announcing it had filed for creditor protection.The prominent Canadian retailer announced Monday morning that it had entered into a deal with Unity Acquisitions Inc. that will see the majority of its 66 locations remain open and “a significant portion of employees” stay on.Eighteen locations will close, according to a release, which states all stores will remain open during the holiday season and seasonal promotions will continue.Liquidation sales began Dec.

Explore Wall Street's expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This Cyber Monday, enjoy up to 55% off, plus an extra 10% off a 2-year subscription with the code research23 , reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro.

Explore Wall Street's expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This Cyber Monday, enjoy up to 60% off, plus an extra 10% off a 2-year subscription with the code research23 , reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro.

Explore Wall Street's expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This Cyber Monday, enjoy up to 60% off, plus an extra 10% off a 2-year subscription with the code research23 , reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro.

Explore Wall Street's expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This Cyber Monday, enjoy up to 60% off, plus an extra 10% off a 2-year subscription with the code research23 , reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro.

Shares of public crypto companies listed in the US experienced a surge on Monday as Bitcoin (BTC) surpassed $42,000, reaching a new high for the year.

₹5.8 trillion overnight as Indian benchmark indices rose the most in 14 months on Monday, following the Bharatiya Janata Party’s (BJP) thumping victory in three heartland states. According to market veterans, the rally underscores investor belief in the ‘Modi premium’ that could see the government win comfortably at next year’s Lok Sabha election. However, in the first sign of caution in a blistering rally, retail and wealthy investors initiated cumulative short positions of 11,738 contracts on Nifty and Bank Nifty futures on Monday, after being net buyers for over two months.

By Ernest Scheyder

Explore Wall Street's expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This Cyber Monday, enjoy up to 55% off, plus an extra 10% off a 2-year subscription with the code research23 , reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro.

Arvind Fashion. “Currently, the prices are remaining benign. So, we are not expecting any major rise in the next [few] quarters." On the production front, though, India has witnessed a sharp decline in recent years.

CHENNAI : While the result of the state assembly elections in Madhya Pradesh, Rajasthan and Chhattisgarh has surprised many, it will calm the markets. Fears of fiscal profligacy or a rickety coalition government at the Centre in 2024 have eased. Mint explains: Not many expected the Bharatiya Janata Party (BJP) to do well in Madhya Pradesh and Chhattisgarh and pre-poll surveys showed a close fight in Rajasthan.