Fidelity Investments is launching commission-free crypto trading for its retail investors. With Fidelity Crypto, users will be able to buy, sell, and secure Bitcoin and Ethereum, when maintaining an account balance of at least $1. Currently, Fidelity Investment handles over $9.9 trillion in assets and in 2021, the firm also recorded a revenue of $24 billion.
Open FlipEuropean Union lawmakers won’t vote on the Markets in Crypto Assets regulation (MiCA) until February. An earlier preliminary plan that intended for the vote to happen during the parliament's plenary session in December has been discarded because of the document's length and complexity.
Open FlipNicco Parks & Resorts Ltd. is a small-cap company in the consumer discretionary category with a market worth of Rs. 530.95 crores. The company reported in a stock exchange filing that its Board of Directors approved a “Second Interim Dividend at the rate of 40% per share on the face value of the equity shares (Rs.1/- face value) of the company for the quarter and six months ended 30 September 2022
Open FlipOn Friday, Stocks rose, but all the major standards headed for a week of losses as investors outlined the October jobs report and what it means for the pace of future Federal Reserve rate hikes. The Dow Jones Industrial Average earned 345 points, or 1.1%. The S&P 500 and Nasdaq Composite rose 1.4% and 1.6%, respectively.
Open FlipAs per reports, Do Kwon, the founder of Terralabs, is seeking refuge in Europe. Recently, Kwon made some mocking tweets saying, “Alright I’ll throw a meetup/conference soon to get over this in hiding bs … Cops from world over welcome to attend ” & "For those of you that have been spreading falsehood on the taxpayers dime, you are invited with VIP honors - will even pay for your plane ticket."
Open FlipOn Friday, Reliance Industries reported the appointment of K V Kamath as an independent director on its board for a period of five years. Kamath has also been selected as an independent director and non-executive Chairman of Reliance Strategic Investments, the commodity that will house the financial services business of the partnership and be renamed Jio Financial Services.
Open FlipShiba Inu currently trades at $0.00001256. In the last 24 hours, the coin moved 5.39% to the upside and went up by 15.17% in the past 7 days. The 13th largest cryptocurrency by market cap is moving in tandem with the rest of the market. The 24-hour trading volume is at $644 Million, which is a 16.57% increase in the last 24 hours.
Open FlipOn Friday, Hitachi Energy India registered an over 8% rise in its net profit to ₹37.2 crore for the September quarter, primarily due to higher revenues. The net profit stood at ₹34.3 crores in the corresponding quarter last fiscal, as per the company's BSE filing. The total income increased by 31% to ₹1,115 crores in the quarter from ₹850.60 crores in the same period a year ago.
Open FlipApple, the iPhone maker, has gone far ahead of its competitors. As per financial data reported by the search engine Yahoo, Apple has a market capitalization of $ 2.31 trillion. At the same time, Google's parent company Alphabet, Facebook's parent company Meta, which also includes Instagram and WhatsApp, and e-commerce company Amazon had a total market capital of around $ 23 trillion.
Open FlipIndia is trying to gain wider market access for its pharmaceutical products under the proposed Free Trade Agreement (FTA) with the UK. According to an official, “The best thing about the proposed agreement is that both the parties have conveyed their feelings and objectionable points. Manufacturing of generics of life-saving drugs is a point on which no compromise can be made.
Open FlipThe Supreme Court on Friday termed the Employees' Pension (Amendment) Scheme for the year 2014 as "legal and valid". The court has done away with the monthly salary limit of Rs 15,000 to join the pension fund. In the amendment of the year 2014, the limit of maximum pensionable salary (inclusive of basic pay and dearness allowance) was fixed at Rs 15,000 per month.
Open FlipFamily Care Hospitals and Inditrade Capital Ltd. has announced a rights issue. Family Care Hospitals is raising Rs 42.50 crore through a rights issue. On the other hand, Inditrade Capital Ltd. Has brought a rights issue of Rs 40.42 crore. Shareholders will get entitlement of rights based on the number of shares held by them as on the record date.
Open FlipThe country's second richest person, Mukesh Ambani's company Reliance, is preparing to open its salon. According to the news, India's largest retail chain, Reliance Retail, is now going to enter the salon business as well. To enter this new segment, Reliance Retail is in talks to buy 49% stake in Naturals Salon & Spa in Chennai.
Open FlipOn Friday, the Richest Indian Gautam Adani-led group declared the opening of its Chennai hyper-scale data center as it examines to capture a share of one of the world's fastest-growing data center markets. AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, opened the Chennai 1' hyperscale data center campus powered by renewable energy, as per the company's statement.
Open FlipOn Thursday, The Bhagiradha Chemicals & Industries Ltd reported, "We wish to inform you that the Board of Directors of the Company, at its meeting held today i.e November 04, announced 1st Interim Dividend of Re. 1.00/- per equity share (10%) on the fully paid-up equity shares of the face value of Rs. 10/- per share for the financial year 2022-23.
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