GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here is all you need to know before the market opens.
GIFT Nifty traded up by 21 points or 0.10% at 21,715. indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 gained 28.50 points or 0.13% to settle at 21,647.20, while the BSE Sensex ended higher by 63.47 points or 0.09% to 71,721.18.
“Markets traded dull and settled almost unchanged, in continuation to the prevailing consolidation phase. After the initial uptick, Nifty slipped gradually lower however recovery in the select index majors pared the losses in the final hour. Consequently, Nifty closed at 21647.20 …
US short-seller Hindenburg Research has levelled new accusations against Securities and Exchange Board of India (SEBI) Chairperson Madhabi Buch and her husband, Dhaval Buch. In a recent blog post, Hindenburg claimed that the Buchs had stakes in obscure offshore funds linked to the Adani money siphoning scandal. It said 18 months since its damning report on Adani, “SEBI has shown a surprising lack of interest in Adani’s alleged undisclosed web of Mauritius and offshore shell entities.”
Obscure offshore Bermuda and Mauritius funds, allegedly controlled by Vinod Adani — elder brother of group…
For three weeks, Sam Bankman-Fried sat silently in the third row of a Manhattan federal courthouse as his former closest colleagues and ex-girlfriend tore him apart.
All three members of his inner circle—Caroline Ellison, Gary Wang, and Nishad Singh—testified that the former FTX CEO directed them to commit fraud, lie to investors, and create special exceptions to allow his trading firm Alameda Research to borrow billions of dollars from FTX customers. They said that he knowingly deceived the public about the way his business worked. Bankman-Fried has been charged with eight counts, including wire fraud and conspiracy to commit money laundering.
Throughout the trio’s testimonies, it was yet unclear as to whether Bankman-Fried would respond to their allegations by…
Greg Wasson worked for Walgreens for more than three decades, starting as an intern and serving as chief executive officer of the pharmacy giant from 2009 to 2014.
Now, Wasson is suing his former employer in a contract dispute with a technology startup he helped found in 2017. He claims current Walgreens CEO Roz Brewer reneged on an agreement to replace glass doors on store refrigerator displays with high-tech digital screens that would flash product information and advertisements at consumers while they were shopping for cold beverages.
Brewer’s decision to end a roll-out of the “Smart Doors” that Wasson and his partners at Cooler Screens had committed to installing at 2,500 Walgreens Boots Alliance Inc. stores across the US cost their business more than $…
I’m a global macro investor who has been betting on what’s going to happen for over 50 years. I’ve been through all sorts of events and cycles in all sorts of places over a long time which led me to study how these events and cycles work. In the process, I learned that I needed to study history to understand what’s going on and what’s likely to happen.
Early in my career, I learned though a couple of painful mistakes that the biggest things that surprised me did so because they never happened in my lifetime but had happened many times in history. The first time that happened was on August 15, 1971 when I was clerking on the floor of the New York Stock exchange and the U.S. defaulted on its debt promise to allow people to turn in their paper dollars fo…