Crypto-currencies beating gold as top asset this year

A cryptocurrency mania known as decentralized finance has helped to turn digital currencies into this year’s best-performing asset by far. The Bloomberg Galaxy Crypto Index of digital coins is up about 66% in 2020, exceeding gold’s jump of more than 20% as well as returns from global stocks, bonds and …

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Stocks to Watch: DHFL, Tata Group, Indian Oil Corp, HCC, Sequent Scientific

NEW DELHI : Here’s a list of top ten stocks that may be in news on Wednesday: DHFL: The Securities and Exchange Board of India (Sebi) has barred promoters of Dewan Housing Finance Corp. Ltd (DHFL) from the securities market, accusing them of indulging in fraudulent transactions and misleading investors …

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Tesla’s value drops $50 billion as Musk’s promised cheaper battery 3 years away

Tesla’s market cap dropped $20 billion in just two hours after trading closed Tuesday, as Musk and other Tesla executives presented their new battery and manufacturing strategies. Shares closed down 5.6% and dropped another 6.9% after hours. “Nothing Musk discussed about batteries is a done deal,” said Roth Capital Partners …

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FTSE 100 rises as PM Johnson introduces restrictions to curb Covid resurgence

London’s FTSE 100 broke a four-session losing run on Tuesday after Prime Minister Boris Johnson introduced restrictions to curb a resurgence in COVID-19 cases in Britain without resorting to another full-blown lockdown. Johnson urged citizens to work from home where possible and ordered bars and restaurants to close early, with …

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Encouraging signs of demand recovery for Colgate Palmolive

Shares of Colgate Palmolive (India) Ltd have been fairly resilient during these pandemic times. The shares are about 11% away from its pre-covid high of ₹1,514.35 apiece seen on 24 January on NSE. The Colgate stock currently trades at about 38 times estimated earnings for financial year 2022, based on …

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Berger’s  outlook  is  brighter  on hopes of better urban repainting demand

Paints being a discretionary product was among the worst hit by the coronavirus pandemic. The June quarter earnings of key paint makers showed that demand in urban areas was impacted more than rural. However, research house JPMorgan’s recent consumer survey provides a glimmer of hope for revival of urban paint …

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New acquisition strengthens HCL Technologies in APAC but lacks zing

“Be bold, be right”. The famous parting advice of Steve Ballmer to the current chief executive officer of Microsoft Corp Satya Nadella works to an extent for HCL Technologies Ltd now. HCL Technologies Ltd’s acquisition of Australia-based IT services company DWS Ltd ticks the “be right” box. The consideration of …

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Forward dollar premia rise as RBI balances liquidity and intervention

MUMBAI: The Indian rupee may be gaining in the spot market but it is losing its premium against the dollar in the forward segment. To buy dollars one year ahead, market participants would have to pay not less than 4.35% premium on the dollar/rupee rate. This premium was 4.15% a …

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Chemcon Speciality Chemicals IPO sees strong response. Key things to know

The IPO of Chemcon Speciality Chemicals, which opened on Monday, has seen a strong investor response despite the market volatility. Chemcon IPO was subscribed 7.5 times as of 12:15 pm today. The manufacturer of speciality chemicals is offering shares in the price band of ₹338-340 in the initial share sale. …

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