Fittr lost INR 25.2 Cr in FY22, compared to a profit of INR 49.04 Lakh in FY21, despite increasing revenue from operations to INR 83.05 Cr from INR 52.7 Cr in FY21. According to sources close to the situation, the company has laid off nearly 60 employees, including coaches/trainers, since last year. However, according to the company, the number of laid-off employees is around 30.

Despite the volatility in the stock markets, FD investors appear to be in green, with almost all banks offering deposit rates that outperform inflation by increasing interest rates on FDs across all investment tenures as the RBI raised the repo rate six times in a row. According to the new deposit pricing, any depositor of a public sector bank can expect to earn 7 to 7.25% in 200 to 800 days' FDs.

The rupee rose 11 paise to 82.77 per dollar in early trade on Thursday, as the US currency retreated from recent highs. The domestic unit opened at 82.78 against the dollar on the interbank foreign exchange and rose narrowly to 82.77, representing an 11-paise increase over its previous close. The rupee closed at 82.88 against the US dollar on Wednesday.

Axis Bank was given a buy rating by brokerage firm BofA Securities with a target price of Rs 1150, while Macquarie gave the company a neutral rating with a target price of Rs 790. For UltraTech Cements and Shree Cements, Citigroup has initiated overweight and underweight calls, respectively.

Voyager, the bankrupt crypto lender, is reportedly sending significant amounts of cryptocurrency assets to Coinbase as part of its efforts to address its distressed balance sheet. The firm has been selling around $100 million worth of its assets every week, including significant holdings in Ethereum, USDC, and Shiba Inu.

The US airline industry started the year with a rally, but it has faced some challenges in recent weeks as a critical period approaches. While not all airline stocks may continue to rise, it is not advisable to completely abandon the sector due to the volatility in trading. Leisure, international, and business travel could be strong during the upcoming critical spring and summer months.

Asian stock markets were mixed on Thursday as predictions for higher interest rates going forward grew in response to signals that the rising pressure on American prices will continue. Wall Street fell on Wednesday after research revealed that prices paid by American manufacturers rose in Feb for the first time in 5 months, despite rate rises to tame inflation & soaring economic activity.

As businesses like RVNL, Titagarh Wagons, and BHEL emerged as the lowest bids for a tender to produce 200 Vande Bharat trains, railway stocks soared on March 2. With an offer of ₹139.8 Cr per train, BHEL and Titagarh Wagons were the second-lowest bidders. The lowest bidder, a group made up of RVNL and the Russian company CJSC Transmashholding, offered ₹120 Cr per train for the next 35 years.

Shares of the Life Insurance Company (LIC) of India, also known as LIC shares, have been rising since they reached a new all-time low of 566 rs per share on Feb 27, 2023, on the NSE. Today the price of LIC shares rose & reached an intraday high of 605.45 on the NSE. Since reaching this intraday high, LIC shares have increased by about 7% over the past three days.

Dogecoin whales transferred a total of 1,844,833,296 DOGE worth more than $154M in approximately 99 transactions of 5M DOGE or more last week, as per Whale Alert. In the past day, crypto whales executed several multimillion-dollar DOGE transactions, including one involving an unknown wallet sending 50M DOGE worth over $4M to another unknown wallet.

According to Microsoft President Brad Smith, the company has reached an agreement with Africa's largest independent fiber network to expand internet access on the continent. The deal with Liquid Intelligent Technologies aims to connect 20 million people in countries such as Zambia and the Democratic Republic of the Congo by 2025, exceeding Microsoft's previously announced target of 100 million.

Following subdued global cues, the Indian market is anticipated to experience some pressure during starting trade on Thursday. Check out these stocks by experts: 📌Varun Beverages | Target: ₹1400 📌L&T Technology | Target: ₹3900 📌ABB India | Target: ₹3460 📌ONGC | Target: ₹170 📌IEX | Target: ₹160 📌Coal India | Target: ₹235 📌ONGC | Target: ₹170

After concluding that Starbucks broke labor rules "hundreds of times" during a unionisation effort in Buffalo, New York, a federal labor judge ordered the business to reinstate 7 dismissed employees, reopen a closed outlet, & stop violating workers' rights. Starbucks must post a 13-page notice outlining its labor infractions and workers' rights in all of its outlets across the United States.

Binance has added Liquity (LQTY) to its "Innovation Zone", where newer and more volatile tokens are listed, causing explosive gains for the Ethereum-based lending protocol. Liquity is a borrowing and lending protocol that uses its stablecoin, LUSD, as well as ETH as collateral. LQTY experienced a significant surge in value after being listed on Binance, rising from $1.19 to reach a peak of $2.86.

Jim Cramer warned investors that interest rates have not reached their peak and may only start to fall once inflation subsides in three key areas. He highlighted that the increase in interest rates would not abate until inflation eases in food, housing, and wages, where there is currently no sign of a necessary slowdown. Fed Reserve officials' hawkish remarks contributed to the market's downturn.