Bitcoin continues to fall on Wednesday, April 17, by declining over 3.84 per cent to $61,309. The world’s largest cryptocurrency has fallen over 8.81 per cent in past five days and over 10.31 per cent in the last one month. The Commerce Department’s Census Bureau reported a 0.7% increase in retail sales last month....

Binance, the world’s largest cryptocurrency exchange that was banned by the government in January, is poised to return to India by paying a penalty of about $2 million, people aware of the developments told ET. The crypto exchange will come back as an entity registered with the Financial Intelligence Unit (FIU) of the finance ministry,...

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $85.00 on Friday. The black gold gains traction on the day amid the escalating tension between Israel and Iran after a US official confirmed that Israeli missiles had hit a site in Iran. On Friday, ABC News reported that explosions were heard at an...

The Australian Dollar (AUD) remains in the negative territory after paring losses on Friday. The AUD/USD pair dropped as riskier assets faced pressure due to heightened risk aversion across financial markets. This sentiment intensified following confirmation from ABC News that Israeli missiles had struck a site in Iran, exacerbating...

The fourth quarter earnings season is underway and it has been a mixed one for the IT sector. While TCS’ fourth-quarter numbers were better than expectations, Infosys missed estimates on revenue and FY25 guidance. On Friday, as many as 15 companies will announce their quarterly numbers with some of the major ones in the mix,...

Benchmark equity indices opened lower for the fifth straight session on Friday, mirroring the trend seen in Asian markets, on reports of an escalation in geopolitical tensions in the Middle East. The S&P BSE Sensex was trading 598 points or 0.83% lower at 71,890. Nifty50 was trading at 21,814, down 181 points or 0.82% at around...

Jefferies has recently initiated coverage on ONGC with a ‘buy’ rating, driven by favourable crude and gas reforms as well as improved profitability Shares of Oil and Natural Gas Corporation (ONGC) gained on April 18 as Morgan Stanley has issued an ‘overweight’ call on the PSU stock with a target of Rs 304 per...

HDFC Life is set to release its Q4 earnings report later in the day. The life insurer’s profit after tax is projected to rise 22.5% on year, with gross premium income expected to grow 6.5%. HDFC Life Insurance Company bagged an upgrade from foreign brokerage Citi, ahead of the company’s quarterly earnings, due for a …...

Shares of Jubilant Pharmova touched a 52-week high of 699.15 in early trade on April 18 after the company’s arm received a ‘voluntary action indicated’ (VAI) status from the US Food and Drug Administration (US FDA). At 9:21am, Jubilant Pharmova was quoting Rs 682.00, up Rs 10.40, or 1.55 percent, on the BSE....

The US markets continued to fall for a fourth consecutive day on April 17, despite strong corporate earnings. At 9:15 pm IST, the S&P 500 fell 0.38 percent to 5,032.03 and the Nasdaq Composite declined 0.67 percent to 15,770.01. The Dow Jones Industrial Average also declined 0.29 percent to 37,688.48. On Tuesday, the US Federal...