The Chief Executive Officer, Chairman, and President of Union Pacific, Lance Fritz is of the opinion that the unprecedented hike in the prices of Natural gas may lead to a run on coal. It is noteworthy that over the past few months, the price of natural gas has gone up exponentially and this price rise can be attributed to the ongoing war.

Foreign investors in a war-struck Russia have scrambled to look for legal avenues as concerns are mounting over a prospective default by Russia. It has been brought to the notice of the general populace that Russia is on the cusp of making a historic default. Numerous sanctions have been leveled against Russia after its invasion of Ukraine.

It has been a terrible day for the Mexican Peso as it witnessed a huge plunge today and stooped to its lowest level this month. The aforementioned plunge can be attributed to the fact that the State Oil Form of Mexico has come under unprecedented duress of repaying the debt it owes to various lenders. Peru's Sol also slumped after the declaration of a State of Emergency at a top copper mine.

ICICI Lombard General Insurance Company posted a 10% decline in the net profit at Rs 313 crore for the fourth quarter ended March 2022. Last year, the company reported a net profit of Rs 346 crore in the corresponding period of 2020-21. The gross direct premium income (GDPI) of the insurer stood at Rs 4,666 crore in the quarter under review as compared to Rs 3,478 crore in the year-ago period.

L&T Technology Services (LTTS) has reported a 34.7% year-on-year (YoY) growth in net profit at Rs 262 crore for the fourth quarter ended March 31, 2022. Last year, the company posted a net profit of Rs 194.5 crore for the corresponding quarter. Total revenues for the quarter surged 21.9% YoY to Rs 1,756.1 crore from Rs 1,446.6 crore in the year-ago quarter.

Today's forex trend was rather disappointing for the Sterling as it plunged big-time against the Euro and traded monotonously against the greenback Dollar. This development can be attributed to the Hawkish stance that maintained that the European Central Bank would levy a hike in its interest rates in the coming days.

County Group is building 1.1 million sq. ft of mixed-use commercial development, County Courtyard, in Delhi's Pitampura. The Noida-based group has panned Rs 850 crore investment in this project. The project comprises two towers with six floors of retail stores and 38 office floors each, along with dine-out and entertainment facilities, including a multiplex.

Mexico's football club Tigres has announced that it is now accepting bitcoin as payment for match tickets. The team supporters are already able to use cryptos to buy tickets for the club’s next match. The match is against America on April 23 via a collaboration established between Latin American cryptocurrency exchange Bitso and online Mexican ticketing platform Boletomovil.

A new growth-stage fund is set for a launch by Mumbai-based startup incubator Venture Catalysts. Discussions are going on between Venture Catalysts and its partners. According to the sources, the fund size would be around $100 Mn. The fund will be directed towards investment in growth-stage startups in sectors, including D2C, edtech, logistics, among others.

The shares of Alcoa Corp. witnessed their steepest plunge in eight months. This unsavory development came into existence after the aluminum producer brought to the notice of the general populace that its sales had waned owing to prolonged supply-chain disruptions that stopped its shipments from reaching their destinations.

Venture Catalysts, which is a Mumbai-based startup incubator announced that it plans to launch a new growth-stage fund. Venture Catalysts will be collecting $100 Mn for this fund. The firm will utilize that new capital to invest in growth-stage startups in sectors, including D2C, edtech, and logistics, among others. The average fund size is expected to be $5 Mn and above.

Melvin Capital Management intends to plunge to $5 billion from the $8.7 billion it managed at the end of March. According to a report, the hedge fund is planned to charge incentive fees, which will be ranging from 15% to 25% starting in June. This is down from its previous performance fee of 20% to 30%, before reverting to its original, higher fee structure on Jan. 1, 2025.

Carl Icahn, who is a billionaire activist investor highlighted that he had no interest in making a bid for Southwest Gas Holdings Inc. This came up days after the utility stated it would evaluate a sale following interest from an unnamed potential buyer. Further, he informed ff Icahn's slate of director nominees were elected, then they would continue pursuing strategic substitute for Southwest.

The largest association of wind turbine manufacturers in India, the Indian Wind Turbine Manufacturers Association (IWTMA) urged the government to halt reverse wind auctions to set up wind energy projects in India, in order to facilitate faster development of wind projects in the country. IWTMA president Tulsi Tanti said the centralised bidding has taken small investors out of the market.

EOS Network Foundation declared that it has finished the work required to deliver Ethereum Virtual Machine to the EOS network. The new virtual machine, which is a dubbed Trust EVM will run as a smart contract on the EOS blockchain. Furthermore, this EVM rolling out is a part of a “new revitalization plan” for the EOS network as well as this focuses to entice Ethereum developers.