Mon, Jul 1, 2024 2:10 PM
Blue Cloud Softech Solutions Ltd. Shares Hit Upper Circuit today!
A Flip by Avya Verma
The Pepsi-Coca-Cola rivalry is extending to the Indian stock market, marking a new frontier in their long-standing competition. This development may lead to increased market activity and potential shifts in market share, impacting investor portfolios and the financial performance of both companies in India.
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India's household savings have declined significantly, with net financial savings dropping by ₹9 lakh crore between 2020-21 and 2022-23, reaching a 5-year low of ₹14.2 lakh crore in 2022-23. This downward trend is attributed to increased spending on experiences, real estate, and gold, rather than savings. The pandemic years saw a surge in financial savings.
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Bitcoin's price has dropped 1.35% in 24 hours and 9.2% in 30 days, now 16% below its all-time high of $73,835. Analysts speculate if Bitcoin has reached its "cycle top" due to declines despite retests. On-chain metrics, such as the long-term holder inflation rate and Bitcoin Dormancy Flow, suggest weakness, with the former nearing a key 2.0 threshold and the latter surging in the past 3 months.
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