MicroStrategy should lend Bitcoin to boost yield — analyst
Source: Coin Tegraph The proliferation of institutional Bitcoin custodians creates opportunities for MicroStrategy, according to a Benchmark analyst. Read Full Article
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LIC reduces entry age on new endowment plan to 50 years from 55 years
Source: Business Standard 3 min read Last Updated : Oct 13 2024 | 6:22 PM IST State-owned Life Insurance Corporation of India (LIC) has reduced the entry age on its New Endowment Plan to 50 years from 55 years, sources said. The revision is effective from October 1, 2024. “The entry age in…
Muhurat Trading 2024: M&M climbs over 3% on record SUV sales in October | Stock Market News
Source: Live Mint Shares of Mahindra & Mahindra (M&M) surged over 3 percent during the special Muhurat trading session on Friday, following the company’s record-breaking SUV sales in October 2024. M&M achieved its highest-ever domestic SUV sales, delivering 54,504 vehicles, marking a robust 25 percent year-on-year growth in the SUV segment. The company’s total sales…
Bata India Q2 Results: Net profit rises 52.89% to ₹51.97 crore, revenue up 2.2% YoY | Stock Market News
Source: Live Mint Bata India Limited announced its July to September quarter results on Monday, November 4. The company recorded a 52.89 per cent rise in net profits in the second quarter to ₹51.97 crore, compared to ₹33.99 crore in the same quarter the previous year, according to the company’s BSE filing on Monday. Bata…
SBI Mutual Fund average AUM surges to record ₹11 lakh crore in Q2, surpassing competitors ICICI and HDFC | Stock Market News
Source: Live Mint SBI Mutual Fund, the country’s largest asset management company (AMC), has achieved a record average asset under management (AAUM) of ₹10.99 lakh crore in the September quarter (Q2 FY25), according to data from the Association of Mutual Funds in India (AMFI). The fund house concluded FY24 with an AAUM of ₹9.14 lakh…
Rotation out of ETH into SOL causes another surge in bearishness
Source: Coin Tegraph The Ethereum FUD fires are burning hotter than ever as Ether has fallen against Bitcoin and Solana while developers are fighting the flames. Read Full Article
US diplomats pressure Nigeria to release detained Binance exec
Source: Coin Tegraph Tigran Gambaryan, a United States citizen and former Internal Revenue Service agent, has been detained in Nigeria since February 2024. Read Full Article
Fetch.ai, Imperial College partner to launch AI lab
Source: Coin Tegraph Fetch.ai partners with Imperial College London’s I-X Hub and launches a $10 million fund for AI startups and innovative tech development. Read Full Article
Bitget wallet on Telegram hits 6 million users 3 days after launch
Source: Coin Tegraph Bitget Wallet’s Telegram Mini App, Bitget Wallet Lite mini, has attracted more than six million users in just three days after its soft launch. Read Full Article
Explained: How non-resident status is determined under FEMA regulations | Mint
Source: Live Mint For non-residents, two sets of legal frameworks apply to them. The first legal framework is provided under the Income Tax Act of 1961, which deals with taxing Non-Residents’ income. The other legal framework is provided under the FEMA (Foreign Exchange Management Act) 1999, which deals with investment avenues available to non-residents and…