Ripple's lawyer: SEC wants to reopen the Ripple Case
Fri, Aug 5, 2022 3:42 PM

Ripple's lawyer: SEC wants to reopen the Ripple Case

The SEC wants to restart the case, according to a letter that Ripple's attorneys sent to Judge Sarah Netburn. The company’s lawyers do not want to grant the request to reopen the case. The defendants have requested permission from the court to serve non-party subpoenas to the agency in order to obtain copies of the videos they allege demonstrate the officials' improper remarks.

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5G should be priced at premium to 4G with said Vodafone's CEO
Fri, Aug 5, 2022 3:41 PM

5G should be priced at premium to 4G with said Vodafone's CEO

Vodafone Idea (VIL) Managing Director and Chief Executive Officer Ravinder Takkar said the 5G would be priced at a premium to 4G. He revealed that the company had spent a considerable portion in acquiring spectrum in the recently-held auctions, hence a need to charge a premium for 5G services. He expects overall tariff for mobile phone services to go up by the year-end.

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📢 Benchmark indices CLOSE on a positive note; Nifty around 17,300
Fri, Aug 5, 2022 3:37 PM

📢 Benchmark indices CLOSE on a positive note; Nifty around 17,300

📢 Benchmark indices CLOSED on a positive note after the volatile session on August 5. 📊 At 3:30 PM, the Sensex improved by 50.12 points or 0.086% at 58,348.92, and the Nifty was up 10.50 points or 0.060% at 17,392.50. 👉Among sectoral indices, buying was noticed in IT (🔼0.64%) and Bank (🔼0.44%). However, Media (🔻 0.52%), Metal (🔻 0.44%) and Pharma (🔻 0.33%) witnessed selling pressure.

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Adani group to acquire GRICL and STPL for Rs3,110 crore
Fri, Aug 5, 2022 3:35 PM

Adani group to acquire GRICL and STPL for Rs3,110 crore

The wholly-owned arm of Adani Enterprises Ltd, Adani Road Transport Ltd, has agreed to acquire Gujarat Road and Infrastructure Company Ltd and Swarna Tollway Private Ltd for Rs3,110 crore. Adani Road Transport Ltd will buy 56.8% in GRICL and 100% stake in STPL. At around 2:24 PM, Adani Enterprises was trading 0.71% down from its previous closing on the BSE.

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Binance Card now supports SHIB, XRP and AVAX
Fri, Aug 5, 2022 3:34 PM

Binance Card now supports SHIB, XRP and AVAX

Major crypto exchange Binance announced the addition of XRP, Shiba Inu (SHIB) and Avalanche (AVAX) as means of payment with the Binance Card. This move will allow holders to spend SHIB through over 60 million merchants. Meanwhile, BTC, BUSD and ETH, as well as tokens from SANTOS, PORTO and LAZIO soccer clubs, are actively supported by Binance.

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Computer Age Management logs a dip after board nods interim dividend
Fri, Aug 5, 2022 3:27 PM

Computer Age Management logs a dip after board nods interim dividend

The shares of Computer Age Management Services Limited logged a dip today. this dip came after the company informed that its board of directors had approved the payment of an Interim Dividend of Rs6.75 per equity share. The company also affirmed that the record date for the purposes of payment of dividends has been fixed as August 17, 2022.

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BOE rejects criticism that it responded to inflation too slowly
Fri, Aug 5, 2022 3:26 PM

BOE rejects criticism that it responded to inflation too slowly

Bank of England's governor has rebuffed accusations that he was too slow to take action to combat rising inflation. He pointed out that interest-rate inc a year ago would have damaged the recovery from the pandemic. "I would challenge anybody to have been sitting here a year, 2 years ago say there's going to be a war in Ukraine, and it's going to have this effect on inflation," he said.

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As Saylor leaves as CEO, MicroStrategy (MSTR) surges to 3-month high
Fri, Aug 5, 2022 3:26 PM

As Saylor leaves as CEO, MicroStrategy (MSTR) surges to 3-month high

The company's MSTR stock rose by 14 per cent following the announcement that Michael Saylor had resigned formally as the CEO. This is the biggest growth the stock has seen in three months. On the daily chart, MSTR's price surged by nearly 14.5% to $324.55 per share, the highest level since May 6.

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SVISH secures INR 10 Cr in pre-series A funding led by Wami Capital
Fri, Aug 5, 2022 3:25 PM

SVISH secures INR 10 Cr in pre-series A funding led by Wami Capital

SVISH On-The-Go, a personal hygiene D2C brand has secured INR 10 Cr in a pre-Series A funding round led by Wami Capital. Existing investor LC Nueva AIF also participated in the fundraising round. The freshly infused funding will be used to expand its product portfolio in the body and oral categories, raise awareness about personal and intimate hygiene and strengthen customer engagement strategies.

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Cryptos that made big moves to the upside in last 24h
Fri, Aug 5, 2022 3:18 PM

Cryptos that made big moves to the upside in last 24h

In the last 24h, the cryptocurrencies that made significant moves to the upside are Flow (FLOW) 55.19%, Waves (WAVES) 12.43%, Trust Wallet Token (TWT) 10.92%, Zcash (ZEC)8.16%, and Fantom (FTM) 8.03%. On Friday, the overall market was in green with a 24-h trading volume of $63.7 Billion.

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Venky’s India shares plunge after muted Q1FY23 financial performance
Fri, Aug 5, 2022 3:13 PM

Venky’s India shares plunge after muted Q1FY23 financial performance

Venky’s India Limited announced its results for April-June quarter. Its Profit before tax stood at Rs66.09 crore in Q1FY23 against Rs74.79 crore in Q1FY22, down by 11.63% on a y-o-y basis. Company’s Revenue for Q1FY23 stood at Rs1,229.35 crore, reflecting a sequential decline of 2.68% QoQ. Owing to this, the company’s shares plunge in Friday’s trading session.

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Flow jumps by 60% in the last 24h after Insta expands their NFT initiative
Fri, Aug 5, 2022 3:05 PM

Flow jumps by 60% in the last 24h after Insta expands their NFT initiative

Flow (FLOW) logged its best daily performance on Aug.4 as it surged 60% in the last 24 hours. FLOW's latest price rally has turned it into an "overbought" asset, which could amount to an imminent correction. This move came straight after Meta announced that they are expanding their NFT initiatives to 100 countries. Flow currently trades at $2.97.

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Multibagger stock spikes after Q1 results announcement
Fri, Aug 5, 2022 3:05 PM

Multibagger stock spikes after Q1 results announcement

The shares of Orissa Bengal Carrier spiked after the company announced its results for Q1FY23 on Thursday. This multibagger logistics stock has been able to grab investors’ attention on Friday. The shares of the company went on to hit an intraday high of ₹130.40 apiece levels on BSE, logging around 16 per cent from its Thursday close of ₹108.70 apiece levels.

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Betterplace raises $12 Mn from Jungle Ventures
Fri, Aug 5, 2022 3:05 PM

Betterplace raises $12 Mn from Jungle Ventures

Betterplace, a blue-collar workforce management startup, has secured $12 Mn (INR 96 Cr) led by its existing investor Singapore-based Jungle Ventures. The company intends to deploy the freshly infused funding expansion and meet general corporate purposes. Almost a year after raising had raised $24 Mn in its Series C round, Betterplace has come up with this fundraising.

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S.Korea’s Bithumb links system with Samsung Securities, mobile apps
Fri, Aug 5, 2022 2:53 PM

S.Korea’s Bithumb links system with Samsung Securities, mobile apps

Leading South Korean digital asset exchange Bithumb is linking its system with mobile applications from three major domestic financial institutions : Samsung Securities, NH Nonghyup, and KB Kookmin Bank. “As digital assets move closer to traditional finance, we are thinking about ways for customers to manage their portfolios at ease,” Bithumb said.

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