Bitcoin rose more than 4% in the last 24 hours to $111,489, with trading volume surged 77% over the same period. It touched a high of $111,862.98—3.3% above its May 21 close—taking its overall market cap to $2.21 trillion. Jim Reid, Deutsche Bank's global head of macro and thematic research, said that Bitcoin is close to $112,000, a new record, as investor sentiment increases around the possibility...
2025
The department wants drugmakers to match U.S. prices for brand-name drugs—those without generic or biosimilar competition—with the lowest prices offered in certain developed countries. This development came as good news for generic and biosimilar drugmakers, as the pricing push appears to target only branded drugs. Analysts told Reuters that generics likely won't be affected. As a result, Indian...
In a stock exchange filing, the company said it had taken part in the bidding process for the project, which involved overhauling the PAN system — including its design, development, implementation, operation, and maintenance — but was informed that it would not move forward to the next stage. Despite the setback, Protean stated that its current PAN-related operations remain largely unaffected. “At...
On May 14, the Indian government approved a joint venture between HCL and Foxconn to build a semiconductor manufacturing plant in Jewar, Uttar Pradesh. The project will cost around ₹3,706 crore and focus on producing display driver chips used in devices like smartphones, laptops, cars, and more, according to Union IT Minister Ashwini Vaishnaw. The plant will be capable of processing 20,000 wafers and...
Pakistan’s “Islamic Bloc” Strategy Falls Apart as India Strengthens Global Ties For years, Pakistan projected itself as a key leader in the Muslim world, relying on religious solidarity to rally support—especially during conflicts with India. But recent events, particularly after India’s retaliatory strikes following the Pahalgam terror attack, have exposed the weakening of this...
Defence stocks rose on Wednesday after the Indian Army and Air Force launched precision strikes on nine terror camps across the Line of Control under Operation Sindoor. The operation, targeting groups like Jaish-e-Mohammed and Lashkar-e-Taiba, boosted investor sentiment on expectations of higher defence spending. Shares of Mazagon Dock, HAL, and BEL saw modest gains, while the Nifty Defence index...
Japanese banking behemoth Sumitomo Mitsui Banking Corporation (SMBC) is back in negotiations to buy a controlling stake in Yes Bank, with the State Bank of India (SBI) reopening negotiations. Negotiations between the two parties had initially started in 2024 but have now resumed with new terms. SBI, which now owns 23.97% in Yes Bank, is said to be mulling selling as much as 20% of its holding to SMBC....
Parameswaran Iyer, currently Executive Director at the World Bank, has been temporarily appointed as India’s representative at the International Monetary Fund (IMF) ahead of a crucial board meeting on May 9, according to sources. This move comes after the sudden termination of K V Subramanian, who was serving as India’s Executive Director at the IMF. His exit, six months before the end of his...
Ahead of Akshaya Tritiya, Swiggy Instamart made headlines by announcing it would deliver gold along with regular groceries and essentials. The unique offering, backed by tight security, quickly caught the attention of social media users. Several viral videos showed Swiggy delivery partners navigating traffic with a security guard riding along. One clip showed a guard holding a secure locker and a stick...
Q4 Results 2025 Updates: With the start of April, the earnings season kicks off, with around 52 companies set to announce their financial results for the January–March quarter of FY25. Key names include Vedanta, Varun Beverages, Adani Power, Ajanta Pharma, Bandhan Bank, Exide Industries, Federal Bank, Godrej Agrovet, Indus Towers, Indian Oil, Jindal Steel & Power, JSW Infra, Paras Defence, The...