Stocks to buy today: Amid the escalation in the India-Pakistan conflict, the Indian stock market has shown strong resilience, while Pakistan has been under immense selling pressure. The frontline index KSE 100 tumbled over 7% on Thursday, while the Indian frontline index Nifty 50 remained above its crucial support at 24,050. According to stock market…
Q4 results today: As the earnings season enters the month of May, many companies have already announced their financial results for the quarter and year ended on March 31, 2025. On Friday, May 9, 2025, major companies such as Swiggy, Dr Reddy’s, Manappuram Finance and Bank of India are scheduled to announce financial results, according…
Buy or sell stocks: The Indian stock market closed lower on Thursday, May 8, as rising tensions between India and Pakistan dampened investor confidence. The Indian stock market began the day on a strong note but experienced a steep decline in the final hour of trading after the Indian government announced that its armed forces…
This triggered risk aversion among investors, weakening the rupee and pushing bond yields higher. The volatility index (India VIX) surged more than 10%, reflecting growing market uncertainty. Profit booking in banking, financials, energy, auto, pharma, and metal stocks contributed to the decline. Adding to the pressure, hawkish comments from the US Federal Reserve on rising…
By SinĂ©ad Carew and Marc Jones NEW YORK/LONDON (Reuters) -Global equities were slightly higher on Thursday, with Wall Street outperforming, while the dollar and Treasury yields also gained after the United States and United Kingdom outlined a trade deal, fueling hopes for compromises with other countries. Cryptocurrencies were also bolstered by the U.S.-UK trade agreement,…
(Bloomberg) — Alex Mashinsky, the founder of cryptocurrency lender Celsius Network, was ordered to spend 12 years in prison for defrauding hundreds of thousands of customers lured by his firm’s high interest rates on digital-asset deposits. Mashinsky, who pleaded guilty in December, was sentenced Thursday by US District Judge John Koeltl in Manhattan. Federal prosecutors…
Catching a flight from Adani Airports-managed Chatrapati Shivaji Maharaj Mumbai International Airport (Csmia) will become more expensive from 16 May. The Airports Economic Regulatory Authority of India (Aera) has approved Csmia’s proposal to increase the user development fee (Udf) for both domestic and international flights. Aera has issued the tariff order for four years, from…
Senate Democrats blocked stablecoin legislation backed by the digital assets industry amid a furor over President Donald Trump’s extensive and growing portfolio of crypto ventures. Backers of the bill failed to muster enough support to bring it up for consideration in a 49-48 vote Thursday, falling short of the 60 votes needed. Several Democrats, including…
Coinbase, the largest publicly traded cryptocurrency exchange, said on Thursday it will buy derivatives exchange Deribit in a $2.9 billion deal to expand into the crypto options markets. The move underscores a push by crypto firms to widen their institutional investor base, while also catering to retail traders who are becoming more sophisticated. The Deribit…
Vijay Shekhar Sharma, the founder and managing director of One97 Communications Ltd, has settled a regulatory probe initiated by the Securities and Exchange Board of India (Sebi) over alleged irregularities in the grant of employee stock options (Esops) ahead of the fintech’s 2021 initial public offering. Sebi accepted revised terms proposed by Sharma, his brother…
