Author: Srushti Vilas Gharat

The first bigwig trading case involving cryptocurrencies was Ishan Wahi, the product director of the cryptocurrency exchange, and his family Nikhil Wahi, who were both arrested last week in Seattle. They had been charged in Manhattan by US authorities with wire fraud. Highlights – Digital assets that should have been registered as securities are traded by American traders. The bitcoin platform has submitted a preliminary request to the SEC for rules that apply to digital asset securities. US authorities in Manhattan this week charged a former product director at Coinbase and two other individuals with line fraud. The commemoratives…

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His departure from HDFC Mutual Fund, the third-largest fund house with assets under management of over 4 lakh crores, didn’t come as a shock to many on Dalal Street as rumours of his departure from the fund house had been building for a few weeks.   Highlights –   The company’s board of directors has appointed Shobhit Mehrotra as the head of fixed income trading and Chirag Setalvad as the head of equities trading, according to a news release.  Jain now retains Anthony Bolton’s record for overseeing the legendary Special Situations Fund for 28 straight years.  An era in the collective…

Reliance Industries is anticipated to announce strong financial results in the first quarter of FY23, led by strong oil profits, according to analysts. Highlights – On the BSE, Reliance Diligence shares rose more than 1% to Rs. 517 per share. 3.4 percent QoQ rise in digital EBITDA and 9.0 percent QoQ growth in retail EBITDA will only partly support this, according to JM Financial experts. Singapore GRMs fell from $30 per barrel to around $4 per barrel in a matter of weeks. Exercise for the Reliance Diligence Q1 result Ahead of the company’s April–June quarter report (Q1FY23) later this moment, Reliance…

The percentage of unhedged foreign loans has increased as a result of the RBI’s intervention, which guaranteed the rupee was less unpredictable than its arising-request counterparts and tranquilized businesses into complacency regarding their bone exposure. Still, in recent months, stock exoduses and broad bone strength have caused the currency’s losses to quicken and sent it to a string of record lows.   Highlights –  The Reserve Bank of India reported that the country’s firms had unhedged coastal loans worth $79 billion.  Foreign investors have sold Indian shares worth $29.5 billion, on track to set a record annual outflow this year.  Samiran…

The survey discovered that during the second quarter of the calendar year 2022, the financing amount was approximately USD 3.1 billion, invested in fintech and software as a service (SaaS) Companies.   Highlights –   Early-stage transactions took up more than 60% of the total volume, with an average ticket value of USD 5 million, according to a PwC India report.   Four companies in Mumbai raised more than $100 million in total. These are Turtlemint, upGrad, Zepto, and CoinDCX, respectively.  The number of decacorns increased by four during the April to June 2022 quarter.  According to a PwC India analysis, geopolitical uncertainty…

On Tuesday, the rupee reached 80 per bone for the first time as traders focused on this week’s central bank meetings.  Highlights –  In central bank meetings this week, the rupee touched 80 per bone for the first time on Tuesday.  A record-breaking $29 billion in foreign capital left Indian financial institutions, outpacing inflows.  The rupee is claimed to have fallen to new lows practically every day, and traders believe this trend will continue.  The rupee reached 80 per bone for the first time on Tuesday as traders concentrated on central bank meetings this week, particularly those of the US…

Companies with big abroad arrears fear perimeter pressure will affect their early reanimation following the epidemic, as the rupee has now breached the cerebral 80 against the US bone for the first time and the spot request USD-INR hand is moving towards that level.   Highlights –   Foreign debtors and importers are frantically trying to cover their currency risk.  Anindya Banerjee said that several importers had expressed a little degree of concern as a result of the rupee’s recent surge amid weak circumstances.  If the cerebral 80 mark is breached, importers and others with unhedged bone arrears will undoubtedly get…

Vladimir Putin, the president of Russia, adopts a measure that essentially outlaws cryptocurrency payments there. Meanwhile, further details surrounding Celsius emerged (CEL). Ethereum has a 2 percent market cap, whereas Bitcoin is above 1%. Highlights: Equities First is now paying back $5 million per month on a loan made up of $765 Bitcoin and $361 million in cash (BTC). Celsius (CEL) is owed $439 million by a private lending platform under the name Equities First. The aggregate capitalization of cryptocurrency markets increased by 0.44 percent to $929.36 billion. Vladimir Putin, the president of Russia, has issued an order effectively banning…

By merging with IDBI Mutual Fund and launching new funds, LIC Mutual Fund anticipates making money would help it reach its goal of controlling Rs 30,000 crore in assets by the end of March. Highlights – The LIC Mutual Fund is anticipated to produce income, raising its operating resources to Rs. 30,000 crores by March. The intersection will get 3 lakh more retail visits from LIC Mutual Fund, boosting its retail base by 5.5 lakh. According to the CEOs, a 50/50 capital mix is ideal for debt and equity financing. The IDBI NSE-0.15 Mutual Fund Junction and the introduction…