Coinbase Ventures plans to shift from Centralized to Decentralized Finance
Mon, Jul 25, 2022 5:28 PM

Coinbase Ventures plans to shift from Centralized to Decentralized Finance

The investing arm of Coinbase, Coinbase Ventures, stated that it would increase its emphasis on decentralized finance (DeFi) and eventually move away from centralized finance. In the q2 of 2022, the company recorded a 34% drop in its deals. According to Coinbase Ventures, due to the high amount of market volatility, investor trust was low, ultimately impacting its deals in Q2 2022.

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Binance CEO: Tesla selling Bitcoin does not mean much
Mon, Jul 25, 2022 5:28 PM

Binance CEO: Tesla selling Bitcoin does not mean much

Tesla sold nearly $ 1 billion worth of Bitcoin, according to its Q2 2022 filings. Changpeng Zhao. Zhao has dismissed Tesla’s sale of most of its Bitcoin, saying it had little to no impact on the market. He claimed that the fundamentals of Bitcoin would not be harmed by this sale and added that he still had the majority of the coins he acquired while venturing into crypto.

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Jasch Industries' net profit drops to Rs. 5.33 crores in Q1
Mon, Jul 25, 2022 5:10 PM

Jasch Industries' net profit drops to Rs. 5.33 crores in Q1

The total income of Jasch Industries Ltd stood at Rs. 61.9901 crores during the period ended June 30, 2022, compared to Rs. 62.6597 crores during the period ended March 31, 2022. The company’s net profit / (loss) stood at Rs. 5.3326 crores for the period ended June 30, 2022, against a net profit / (loss) of Rs. 6.4231 crores for the period ended March 31, 2022.

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Leading metaverse platforms combine to create  DAO metaverse
Mon, Jul 25, 2022 5:03 PM

Leading metaverse platforms combine to create DAO metaverse

Leading companies in the blockchain gaming space have joined a coalition to create the DAO metaverse called the “Open Metaverse Alliance for Web3”.The group says it seeks to solve key challenges of the nascent metaverse, including preserving the freedom of information owned by users. Game developers joining alliance include Animoca Brands, Alien Worlds, Dapper Labs, Decentraland, Star Atlas, etc.

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City Union Bank, Royal Sundaram partners up for insurance products
Mon, Jul 25, 2022 5:01 PM

City Union Bank, Royal Sundaram partners up for insurance products

Royal Sundaram General Insurance Co. Ltd has announced the collaboration with City Union Bank to allow customers of the bank to have easy access to general insurance products across its 727 branches. Sreedhar, MD of Royal Sundaram General Insurance said, “the company will be singularly focussed on meeting the needs of our customers at a time when the value of insurance has never been greater."

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Kewal Kiran Clothing's net profit zooms by 152.81% in Q1
Mon, Jul 25, 2022 4:51 PM

Kewal Kiran Clothing's net profit zooms by 152.81% in Q1

Kewal Kiran Clothing is announcing its results for the quarter ending June 2022. Kewal Kiran Clothing posted a net profit of Rs 21.59 crore in the quarter ended June 2022, up 152.81%, against Rs 8.54 crore during the previous quarter ended June 2021. Its sales stood at Rs 154.54 crore in the quarter ended June 2022, up 68.80%, against Rs 91.55 crore during the previous quarter ended June 2021.

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Axis Bank's PAT jumps by 91% to ₹4,125 crore in Q1
Mon, Jul 25, 2022 4:50 PM

Axis Bank's PAT jumps by 91% to ₹4,125 crore in Q1

Axis Bank posted a 91% YoY growth in standalone profit of ₹4,125 crore in comparison to ₹2,160 crore in year-ago period. The leading private sector lender's Net interest income (NII) improved by by 21% YoY to ₹9,384 crore as compared to ₹7,760 crore in the corresponding quarter of last year. Notably, NII is the difference between interest earned and interest expended.

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After the new fiat restrictions, more Ukrainians may turn to crypto
Mon, Jul 25, 2022 4:50 PM

After the new fiat restrictions, more Ukrainians may turn to crypto

Ukraine’s National Bank depreciated the UAH by 25% against the US dollar. The bank also made new regulations on fiat currency, due to which banks could only offer non-cash foreign currency to their clients if they have deposited the funds for a minimum of 3 months. Founder of the Ukrainian crypto exch Kuna said that the latest NBU restrictions might drive crypto adoption in Ukraine.

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This Jhunjhunwala stock declines 2% despite its Q1 PAT surging 72%
Mon, Jul 25, 2022 4:43 PM

This Jhunjhunwala stock declines 2% despite its Q1 PAT surging 72%

Rakesh Jhunjhunwala's portfolio stock Canara Bank ended Monday's session with a 2.20% decline despite the PSU lender posting a 72% YoY jump in net profit for the June quarter. According to Canara Bank's shareholding pattern, the Big Bull Rakesh Jhunjhunwala owns a 1.96 per cent stake or 35,597,400 shares of the company as of June 30, the same as the March quarter.

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Maral Finance's standalone net sales stands at Rs 21.27 crore in Q1
Mon, Jul 25, 2022 4:43 PM

Maral Finance's standalone net sales stands at Rs 21.27 crore in Q1

Maral Finance announcing its results for the quarter ending June 2022. The company’s net sales stood at Rs 21.27 crore in June 2022 up 59.56% from Rs. 13.33 crore in June 2021. Its quarterly net profit stood at Rs. 0.40 crore in June 2022 up 13.21% from Rs. 0.35 crore in June 2021. EBITDA stood at Rs. 0.40 crore in June 2022 up 14.29% from Rs. 0.35 crore in June 2021.

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Nahar Poly Films' consolidated profit stands at Rs. 24.33 cr in Q1FY23
Mon, Jul 25, 2022 4:37 PM

Nahar Poly Films' consolidated profit stands at Rs. 24.33 cr in Q1FY23

The total income of Nahar Poly Films Limited stood at Rs. 224.9298 crores during the period ended June 30, 2022, compared to Rs. 175.6461 crores during the period ended March 31, 2022. The company’s net profit / (loss) stood at Rs. 24.3355 crores for the period ended June 30, 2022, against net profit / (loss) of Rs. 32.2114 crores for the period ended March 31, 2022.

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SHIB is currently trading at $0.00001133, 24h trading vol down by 11.86%
Mon, Jul 25, 2022 4:34 PM

SHIB is currently trading at $0.00001133, 24h trading vol down by 11.86%

Shiba Inu currently trades at $0.00001133. In the last 24 hours, the coin moved 3.62% to the downside and declined by 0.19% in the past 7 days. The 15th largest cryptocurrency by market cap is moving in tandem with the rest of the market. The 24-hour trading volume is at $321 Million, which is an 11.86% decrease in the last 24 hours.

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Aurionpro Solutions zooms today on announcing exceptional Q1FY23 results
Mon, Jul 25, 2022 4:32 PM

Aurionpro Solutions zooms today on announcing exceptional Q1FY23 results

Aurionpro Solutions' share price ended with an 8.66% gain on Monday's session at Rs 314.20 after the company's revenue grew by 26% on a YoY basis and 7% sequentially to Rs146 crore and meeting the company’s estimates for FY23. Aurionpro Solutions' PAT zoomed by 60% YoY to Rs24 crore in Q1FY23. On a sequential basis, the PAT grew by 9%.

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Successful IPO Hattrick coming? This founder's third IPO on the way 🎯
Mon, Jul 25, 2022 4:30 PM

Successful IPO Hattrick coming? This founder's third IPO on the way 🎯

After the successful listing of Mindtree and Happiest Minds, the 79-year-old pioneering leader of the Indian IT industry, Ashok Soota, is gearing up for the next initial public offering with his newest venture Happiest Health. The company could go for its initial public offering in the next five years. Happiest Health, a knowledge enterprise focusing on health & wellness, was created in 2022.

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Central Bank of India's net profit zoom by 14.2% to Rs 234.78 crore in Q1
Mon, Jul 25, 2022 4:26 PM

Central Bank of India's net profit zoom by 14.2% to Rs 234.78 crore in Q1

The standalone net profit of Central Bank of India stood at Rs 234.78 crore in first quarter ended June this fiscal, a surge of 14.2 against a net profit of Rs 205.58 crore in the same quarter a year ago. Sequentially, the profit was down by 24.3 per cent from Rs 310.31 crore in the quarter ended March 2022. Total income during April-June period of 2022-23 increased slightly to Rs 6,357.48 crore.

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