The largest US cryptocurrency exchange’s shares rose as Coinbase Global Inc. reported a profit for the first time in two years as a result of a fourth-quarter surge in digital asset markets that increased trading revenue. Revenue surged by 51% to $953.8 million, exceeding the $826 million average estimate provided by Bloomberg’s panel of analysts….
Prime Minister Narendra Modi signed ten agreements to strengthen cooperation between India and the United Arab Emirates in important areas such as energy, infrastructure, investments, and archive management while he was in Abu Dhabi. According to Foreign Secretary Vinay Kwatra, the UAE is the fourth-largest investor in the Indian economy, with bilateral trade between the…
Germany now has the third-largest economy in the world, surpassing Japan, as the Asian superpower unexpectedly entered a recession. Japan, which was once the second-biggest economy in the world, announced two quarters of contraction on Thursday: the third quarter’s revised contraction of 3.3% was followed by the fourth quarter’s contraction of 0.4% on an annualized…
Reliance Industries, the company owned by India’s richest man, Mukesh Ambani, surpassed the Rs 20 lakh crore market cap on Tuesday, setting a new record high for the company as its share price skyrocketed. However, there’s still more to speed up because Reliance’s next expansion wave is about to arrive! Having said that, the massive…
Macquarie, a foreign broking firm, has reduced the target price of One 97 Communications, the parent company of Paytm, from Rs 650 to Rs 275 and downgraded the company to a “underperform” rating. Following restrictions on its payments bank by the Reserve Bank of India, Paytm faces a significant risk of customer exodus, according to…
A major milestone was reached last week when Berkshire Hathaway’s stock shot to an all-time high, putting the company in a strong position to become the first non-technology U.S. company to reach a remarkable $1 trillion market value. The Omaha-based powerhouse saw a 2% increase over the previous week and hit an all-time high of…
The Maldives are at a high risk of experiencing “debt distress,” according to the International Monetary Fund (IMF), given their growing proximity to China. A pro-China administration currently rules the strategically significant country. Beijing has promised to provide more funding for the island nation since Mohamed Muizzu took office as president of the Maldives in…
Airbus To Build A220 Doors In India: Airbus has given Bengaluru-based Dynamatic Technologies a contract for the production and assembly of its A220 Family aircraft doors, significantly advancing the central government’s “Make in India” initiative. One of the biggest contracts for aerospace export to India is this one. By adding to the current source’s capacity,…
Gautam Adani, the chairman of the Adani Group, has rejoined the $100 billion club after regaining most of his fortune after the 2023 attack by US-based short-seller Hindenburg Research. Adani is now the 12th richest person in the world with a net worth of $100.7 billion, according to the Bloomberg news agency. According to the…
Tata Technologies, a global provider of digital services and product engineering, is one of the Indian businesses that posted impressive Q3 FY2024 results. The total operating revenue for the September–December 2023 quarter was Rs 1,289 crore, up 1.6% QoQ and 14.7% YoY. In terms of new business, Q3 FY2024 proved to be successful; the company…
