Tue, Feb 6, 2024 12:36 PM
Suven Pharma tanks 10% on poor Q3 show, sharp margin erosion
A Flip by Avya Verma
Cedar-IBSi Capital on Saturday said it is looking to invest in 10-15 startups working in the banking and insurance technology segment to expand its footprint in the country. "The fund plans to build a portfolio of the companies, allocating a budget within the range of Rs 4-10 crore, with an intensified focus on financially strengthening 8 to 10 high-performing companies," it said.
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In 2024, new spot crypto ETFs officially launched, Bitcoin (CRYPTO: BTC) emerged as a political campaign issue for the first time. Bitcoin is up over 100% in 2024 and may reach $100,000, with 2025 potentially bringing a new regulatory environment, a "crypto arms race" among sovereign governments, and the emergence of a new cryptocurrency superstar.
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The Indian benchmark Nifty 50 extended its corrective decline. Over the past four sessions of a truncated week, the Nifty 50 index remained largely under selling pressure. Throughout the past week, the markets continued with their process of mean reversion. The volatility, though, did not show any major surge. The volatility gauge, IndiaVIX rose by a modest 2.11% to 14.77.
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