Shares Life Insurance Corporation of India will list next week dated Tuesday, May 17, 2022. 🔔The scrip is expected to see a discounted debut, as the grey market has dropped to discount in the last few days. 🔔The scrip is trading at a discount of ₹8 today down from the ₹85 premium. Further, the grey market discount signals that LIC shares may have a moderate to discounted listing.

Former Deputy US Attorney in the Northern District of California, Joshua Eaton, is now the deputy general counsel of Binance. The company stated that Binance's legal affairs, leading the support for global compliance, investigations, and law enforcement coordination activities would all be handled by Eaton.

A few days after Coinbase launched in India, the company had to halt its services due to informal pressure from country’s central bank, the Reserve Bank of India (RBI). Coinbase CEO Brian Armstrong put forward this statement. Brian said due to informal pressure from the RBI, the company had to disable UPI payment services on the app. Armstrong noted that what the RBI is doing is a “shadow ban”.

Trishakti Electronics & Industries' standalone net profit plunged by 93.62% YoY to Rs 0.03 crore in Q4FY22 in comparison to Rs 0.47 crore during the previous quarter ended March 2021. The Company's sales stood at Rs 7.64 crore in the quarter ended March 2022. However, there were no Sales reported during the previous quarter ended March 2021.

Punjab National Bank (PNB) rolled out its Q4 results. It was revealed that the Bank logged a massive 66 percent plunge in standalone net profit which stood at Rs 202 crore in the fourth quarter of financial year 2021-22. These underwhelming numbers were logged despite a considerable decline in the NPAs.

Tiger Logistics' standalone net profit zooms by a whopping 201.43% to Rs 10.52 crore in Q4FY22 in comparison to Rs 3.49 crore during the previous quarter ended March 2021. The Company's sales also improved significantly by 166.18% to Rs 170.65 crore in the quarter ended March 2022 as against Rs 64.11 crore during the previous quarter ended March 2021.

Gate Institutional, an institutional services arm that focuses on servicing Market Makers (MM) and Brokers, was launched by Gate.io, a major cryptocurrency exchange based in the US. This service aims to increase cryptocurrency exposure for institutions. Gate.io will offer a crypto trading solution to large companies seeking to trade cryptocurrencies.

Cathie Wood’s ARK Investment Management successfully completed a purchase of 546,579 shares of Coinbase Global (COIN). This huge buy was made by 3 funds of Cathie Wood’s ARK Investment Management. The Investment firm bought the shares after the shares of Coinbase witnessed a plunge of 26.4% to $52.35.

Didi Global, a Chinese ride-hailing giant could commence its operation normally once authorities get over with a cybersecurity probe of the company. The company reported the aforementioned development in a filing on Thursday. The company has been grappling with business issues since the beginning of this probe.

Though Life Insurance Corp's share allocation is scheduled to take place today (12th May 2022), the grey market sentiment concerning the insurance behemoth's IPO has further gone southward. After nosediving in the negative zone on Wednesday, LIC IPO GMP further declined today. Market observers quoted that LIC shares are available at a discounted price of ₹26 today.

Vivriti Capital garnered an additional $30 million as part of its Series C round from TVS Capital Funds. The Chennai-based firm's fundraising is part of its $85 million Series C round thus inching it closer to the uniform tag. Notably, Vivriti Capital had secured $55 million of the total amount in March this year from existing investors Lightrock India and Creation Investments.

A realty business owned by the Lodha brand, Macrotech Developers has announced a tie-up with Bain Capital and Ivanhoe Cambridge to build a green digital infrastructure platform. These three firms will show their presence in the digital infrastructure segment that includes logistics, light industrial parks, and in-city fulfillment centres. They will combine invest $1 billion.

AutoStore, on Thursday, registered a better-than-expected growth in Q1 revenue and core earnings. The Norwegian robotics Company's revenue for January-March improved to $123.1 million from $64.1 million in the same period of 2021. the earnings have surpassed the average expectation of $112 million in a company-provided poll of analysts.

Imagicaaworld Entertainment Board during the Wednesday meeting nodded to the preferential issue as part of the resolution plan agreed by the lenders under the RBI Prudential Framework. Following this, Malpani Parks submitted its resolution plan for the resolution of debt obligations to the Lenders of Imagicaaworld and change its management and control as part of the move.

The international subsidiaries and Kalpataru Power Transmission Limited have acquired new orders worth ₹2,126 cr, which includes orders of ₹500 cr already received in March. As per Manish Mohnot, MD & CEO of the company, the order secured in its T&D and Oil & Gas business will boost the company's position in the market. Also to diversify their clients and penetrate into newer markets.