Fri, Nov 15, 2024 9:19 AM
Oil dips on oversupply concerns, heads for weekly loss
A Flip by Avya Verma
Whale pump spotted as Bitcoin breaks $90,000 on institutional demand and optimism This week, Bitcoin set a new record high trading above $90 000 majorly due to continued institutional demand and optimism in the market. MicroStrategy led by its CEO Michael Saylor made a $2bn acquisition that saw the company acquire closer to 25,000 BTC.
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Gold prices saw a 4% decline on November 15, its worst week in three years, driven by a strong US dollar and Federal Reserve comments hinting at a pause in rate cuts due to higher-than-expected inflation data. Spot gold rose 0.1% to $2,569.69 per ounce, but investors are seeking alternatives to safe-haven assets.
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Mankind Pharma Limited has pledged 39.68 per cent of its equity stake in its fully-owned subsidiary Bharat Serums and Vaccines Limited (BSV) to secure non-convertible debentures (NCDs) totalling ₹5,000 crores. This decision comes under SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, with Catalyst Trusteeship Limited assigned as the common security trust.
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