Since the US election on Nov 5, traders have been betting that President-elect Trump's promised support for digital assets will result in a less stringent regulatory environment and give bitcoin a boost after a lagging few months.
Chief Executive Officer IndiGo Pieter Elbers in a statement recently said starting at about ₹ 18,000, the airline aims to expand its business-class service to all flights on India’s busiest route between New Delhi and Mumbai by early January next year.
The government is launching a term-loan facility for MSMEs to buy modern plant and machinery, following the success of the Emergency Credit Line Guarantee Scheme (ECLGS), a working capital loan facility that prevented millions of MSMEs from going bankrupt by giving them liquidity during the COVID period.
A three-judge bench headed by Chief Justice of India D Y Chandrachud said the National Company Law Appellate Tribunal order allowing Jalan KalRock Consortium to adjust the first tranche of payment of ₹ 350 crore against the Performance Bank Guarantee was “perverse” and in “flagrant disregard” of its January 18 order.
Forex traders said the Indian rupee touched new all-time lows weighed down by negative domestic markets which fell nearly 1.18%. A recovery in crude oil prices and FII outflows also dented investor sentiments. However, the softening of the US dollar prevented a sharp fall.
A recent viral post on X by management consultant Gurjot Ahluwalia which drew comparison between Gurgaon and New York while citing online listings of two luxury apartments led many social media users, including him, to conclude that real estate prices in India are ‘scamming’ customers.
While public issues raised a total of ₹ 17,109 crore in August, it was followed by ₹ 11,058 crore in September and an all-time monthly record of around ₹ 38,700 crore in October. Previously, November 2021 held the record for the maximum IPO fundraising at ₹ 35,664 crore.
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