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It also formed a bearish candle on the daily chart with a long upper shadow, indicating that the sell-on-rise trend may continue.

listing gains snagged by SoftBank’s India portfolio firms Ola Electric, FirstCry and Unicommerce are the result of sensible initial public offering (IPO) pricing, favourable macroeconomic conditions and the growing acceptance of technology firms by the capital markets, said Sumer Juneja, managing partner for India and EMEA at SoftBank. In an interview to ET on Tuesday, he said that the active participation of domestic mutual funds has helped shore up demand for these public offerings. It’s not true that these new-age IPO are gaining only because of the continuing bull run in the stock markets, he added. The Masayoshi Son-led Japanese group’s cumulative holdings across the three recently listed companies stand at about $2 billion following their market debut. SoftBank had pumped $400 million into FirstCry, which listed at a premium of 40% to its issue price of Rs 465 per share.

Grayscale unveiled a new fund—Grayscale MakerDAO Trust—offering investors exposure to Maker (MKR), the utility and governance token for MakerDAO.

Bitcoin’s recent price action has sparked interest among investors, especially as El Salvador’s ambitious $1.6 billion investment in “Bitcoin City” gains momentum.

currency exports. It has also said that Russia has received $2.3 billion worth of dollar and euro notes since March 2022, after its army crossed the border and entered Ukraine.

Peloton Interactive to give its premium users access to the exercise equipment maker's fitness content, starting early September, the companies said on Tuesday. As part of the deal, Fitbit premium members based in the U.S., UK, Canada and Australia would have access to Peloton's classes across categories, including pilates, running, boxing and cycling. Peloton members, on the other hand, would receive offers on Google Pixel watches and Fitbit Charge 6 devices.

Life Insurance Corporation of India is preparing for a second legal battle over trading in insurance policies, something the insurance behemoth says is illegal, arguing that such transactions threaten to hit at the root of the industry and expose policy buyers to losses. India's biggest insurer is seeking to challenge legally the campaign by ACESO, a company that claims to be an asset monetiser and focused on buying up LIC policies, said officials aware of the plans. It is luring policyholders to transfer their rights to it for a consideration instead of surrendering them. ACESO, founded by two chartered accountants — Ketan Mehta and Himanshu Ashar — is offering ALIP or Assign Your Life Insurance Policy. This it says is based on a legal contract which is permissible under the law. It brings double benefits to those involved in the insurance policy — the agents and the policyholder. When assigned, ACESO is said to be paying more than what LIC would have paid and the continuity of commissions for agents.

Narendra Modi is planning to visit Poland and Ukraine between August 21 and 23 with a message of dialogue and diplomacy amid intensification of Russia-Ukraine conflict. It comes just over a month after Modi visited Russia and Austria. This will be an Indian PM's first visit to Warsaw in over four decades despite Poland being India's largest trading and investment partner in central and eastern Europe. From Warsaw, Modi is expected to go to Kyiv on a half-day visit, ET has learnt.

Consumers spent more at small businesses in July, a rebound fueled by strong sales of general merchandise and health and personal care products

U.S. stocks are rising, and Wall Street is relaxing a bit after the first of several highly anticipated reports on the economy this week came in better than expected

Starbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Wall Street is closing mixed after drifting through a quiet day of trading, as markets around the world stabilize following a wild week

Prateek Arora is a content specialist from West Delhi with a passion for crafting compelling narratives. He has a knack for deciphering and communicating complex crypto concepts to readers all around...

equity indices Sensex and Nifty closed in the red on Tuesday, dragged by HDFC Bank, which will likely see lower-than-expected inflows because of a staggered adjustment of its weight on a key MSCI emerging market index. Broad-based selling pressure also contributed to the market's downturn. The NSE Nifty 50 index shed 0.85% to 24,139, while the S&P BSE Sensex lost 0.87% to 78,956.

Prateek Arora is a content specialist from West Delhi with a passion for crafting compelling narratives. He has a knack for deciphering and communicating complex crypto concepts to readers all around...

The price of XRP has remained mostly stable in the past 24 hours, with its move to $0.5684 coming as the crypto market gains by 1% today.

Commonwealth Financial Network has made a hefty addition to its rapidly growing advisory network as a family-led ensemble from Arizona joins from Osaic.

Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

B. Riley Financial Inc., the embattled investment firm, is struggling to value its assets after months of concern about flawed accounting and a federal investigation culminated in a 52% one-day plunge.

Stocks rose and bond yields fell after the latest US inflation data reinforced speculation the Federal Reserve will be able to deploy its widely anticipated interest-rate cut in September.