The Winklevoss twins, founders of Gemini crypto exchange, donated $4.9 million to Fairshake super PAC to support pro-crypto candidates in the US elections. Other notable donors include Kraken, Electric Capital, and Andreessen Horowitz. This funding will help Fairshake push for a crypto-friendly regulatory environment and secure the US as a hub for innovation.

Political pressure and a weak economy are pushing for the Bank of Thailand to cut interest rates sooner rather than later, according to money managers. The central bank may cut rates at its next meeting in April due to deflationary conditions, which could lead to more foreign investment in Thai stocks. Some worry about political interference in monetary policy.

Airbus has announced that Vietjet Air, a Vietnamese airline, will purchase 20 A330-900 planes to replace their current fleet of leased A330-300s. This will be Vietjet's largest-ever widebody purchase and will support their network expansion and goal of achieving net-zero emissions by 2050. The deal is expected to be finalized in the next few weeks, with the first delivery scheduled for 2026.

Graphite India and HEG stocks saw an increase of more than 6% in morning trading on Thursday and have risen by 68-78% in the past year, reaching a 52-week high this month. Despite volume growth in their quarterly performance, investors are looking for improved operating performance to boost earnings outlook. Jefferies analysts expect pricing and margin pressure to continue for 2-3 quarters due...

Smead Capital's CEO warns that there is a 50-50 chance stocks could lose up to 30% within the next two years. JPMorgan also warns that the current economic situation could lead to stagflation, with high inflation and low growth, causing investors to favor fixed-income assets over stocks. The firm notes parallels between today and the 1970s, citing geopolitical tensions, energy crises, and deficit.

Gold prices saw a slight decline on Thursday, with 24 carat gold decreasing by Rs.3.0 in Delhi. Silver prices increased by Rs.400 per kg, with the cost of silver in Delhi at Rs.75800.0 per kg. Gold and Silver prices in major cities also saw fluctuations. The June 2024 MCX futures for gold and March 2024 MCX futures for silver were trading higher at Rs.62508.0 per 10 gm

Shares of Brigade Enterprises Limited advanced 5 percent to Rs 1,055 in early trade on February 22 after the company signed a joint development agreement with PVP Ventures Limited to develop a 2.5 million square feet, high-rise residential project in Perambur, Chennai. The company believes that this project has a revenue potential of up to Rs 2,000 crore. "Bengaluru, Chennai, and Hyderabad

A block deal of 1.79 crore shares, worth Rs 975 crore, took place on February 22 in Eureka Forbes, a home appliances company. The deal was executed at a floor price of Rs 544, which is 6% higher than the previous closing price. It is likely that Lunolux Ltd, the promoter entity, was the seller. Share prices initially jumped over 2% but later decreased by 1%. Lunolux remains the majority share

The market ended the February 21 session lower as all sectoral indices, except realty, traded with losses. At least eight Nifty indices formed a bearish engulfing candlestick, which indicates that sellers dominated the buyers and also alerts traders and investors to negative price action. Losses in (%) According to Prashant Sawant, Founder Catalyst Wealth, the broader market bullish structure.

Indian equity indices opened slightly down on Thursday, led by HDFC Bank and Reliance Industries, reflecting mixed signals from international markets. Sensex was down by 185 points at 9:23 am, while Nifty was down by 60 points. IT stocks saw a surge due to the Fed's meeting minutes hinting at a possible rate cut in June, while midcap and smallcap indices fell.

Foreign Institutional Investors (FIIs) have been selling off financial services stocks due to concerns about slowing credit demand and deposit collection in the banking sector. Other sectors that saw net selling by FIIs include construction, telecom, fast-moving consumer goods, power, metal, and chemicals. However, healthcare, information technology, consumer services, and automobile/auto.

Motilal Oswal Alternates (MO Alts) raises over Rs 1,250 crore as first close of sixth real estate fund to invest in mid-income and affordable residential projects across top eight Indian cities. With strong track record and risk management, MO Alts is optimistic about real estate market and has a robust pipeline of investment opportunities.

India's demand for thermal coal from South Africa has increased due to discounted prices, as disruptions in the Red Sea have caused a drop in exports to Europe. Russian coal was previously preferred but it lost ground due to political tensions. However, there has been an uptick in domestic coal production by state-owned Coal India Ltd.

Hindalco's stocks saw a 5% increase after its subsidiary Novelis filed for an IPO with the US market regulator. The IPO details are confidential, but sources say Hindalco expects a valuation of $15 billion for Novelis. The company's stock has been rising consistently, hitting a 52-week high and outperforming the Nifty Metal index. Novelis is a producer of flat-rolled aluminum products.

ABB India Share Price Today: Shares of ABB India were locked at over 10 per cent upper circuit to hit a 52-week high of ₹5,019.00 apiece on the BSE on Wednesday, February 21, a day after reporting its Q4CY23 results. ABB India follows the calendar year for announcing its financial results and reported a net profit of ₹339 crore in the October-December period last year.