Wed, May 1, 2024 12:00 PM
Bitcoin tumbles 5%, tests key $60,000 price level as sell signal looms
A Flip by Shubhangi Gupta
India's market regulator, SEBI, has uncovered a plot to generate millions of dollars in illegal gains through the trades of Capital Group, a Los Angeles-based fund manager with $2.6 trillion in equity stakes. Ketan Parekh, a former stockbroker, allegedly orchestrated the scheme, using nonpublic information to enrich himself and others.
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GMR Power and Urban Infra Ltd on Wednesday, January 8, said it has secured approval from the Indian Renewable Energy Development Agency Limited (‘IREDA’) to part finance the project to install and maintain 75.69 lakh smart meters across various zones in Uttar Pradesh. Shares of GMR Power and Urban Infra were trading 1.24% lower at ₹127.10 on the BSE around 10:10 am.
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Shares of Dr. Reddy's Laboratories jumped as much as 4% on Wednesday to Rs 1,404.60 on the BSE after brokerage firm Nuvama Institutional Equities upgraded its rating on the stock to 'buy,' expressing confidence in the drugmaker's proactive measures to offset the anticipated financial impact from the patent expiry of its blockbuster cancer drug Revlimid in 2026.
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