Why FTX Collapsed – And Why Coinbase Customers Don’t Need to Worry
What the heck is going on in the crypto world? By now, you’ve likely heard about the epic unwinding of the major exchange FTX. But how does the fourth-largest crypto exchange in the world go from a valuation of $40 billion to bankruptcy in a matter of days? Should crypto investors be wary of other […]
Aakash Healthcare forays into Uzbekistan
New Delhi-based multi-specialty hospital Aakash Healthcare on Wednesday announced its foray into international markets with the acquisition of a hospital in Tashkent in Uzbekistan. The 50-bed operational hospital was acquired through an affiliate unit for an “initial investment” of $4 million. Additional investments of $10 million is expected in the next three years as the […]
3 Roaring Stocks to Hold for the Next 20 Years
The market may be rallying right now, but this wave of bullishness isn’t necessarily built to last. Stocks are still more down than up over the past 11 months, and the broader market could easily slide back into bear territory (where the Nasdaq Composite still resides). A handful of tickers have been unusually strong of […]
PTC To Acquire ServiceMax For Around $1.46 Bln
(RTTNews) – PTC Inc. (PTC), a computer software and related services provider, said on Thursday that it has inked a definitive deal to buy privately held ServiceMax, for around $1.46 billion in cash on a debt-free, cash-free basis, from an entity majority owned by Silver Lake. ServiceMax, cloud-native, product-centric field service management or FSM software, […]
So You’re Ready to Buy Some Bitcoin. Which Method Should You Choose?
Bitcoin (CRYPTO: BTC) has lost 75% of its value over the last year. The crypto market may have raced too high, too fast in the fall of 2021, setting pretty much every digital coin up for a sharp correction. Raging inflation and the painful government measures designed to fight that problem have also weighed on […]
ReNew Energy Global’s net loss widens sequentially in Q2
ReNew Energy Global on Wednesday reported a net loss of ₹98.6 crore ($12 million) in July-September quarter this fiscal against a net loss of ₹10.4 crore in Q1 FY23. However, on a year-on-year (y-o-y) basis, the Nasdaq-listed firm’s net loss contracted. It had posted a net loss of ₹661 crore ($81 million) for Q2 FY22. […]
Maruti’s S-Press, Alto record 17% sales growth in April-Oct
Maruti Suzuki’s India (MSIL) small cars, Alto and S-Presso, continued to grow by more than 17 per cent y-o-y at 1,45,992 units between April and October this year, compared with 1,24,153 units in the year-ago period, even as there is an overall lower demand. For instance, in FY21, MSIL sold 2,26,159 units of both the […]
Two-wheeler exports hit a two year low
Even as the sales of two-wheelers saw an uptick in the domestic market, the exports of two-wheelers hit a two year low in October. According to data from the Society of Indian Automobile Manufactures (SIAM), October witnessed the biggest drop in two-wheeler exports since April 2020. In October, 2,87,319 two-wheelers were exported. The domestic sales […]
After ACs, CEAMA pitches for PLI scheme for refrigerators, LED TVs
The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has pitched to the government to extend the Production-Linked Incentive (PLI) scheme to strengthen the component ecosystem for refrigerators, washing machines, LED televisions and small appliances. The government rolled out the PLI scheme for components of air-conditioners and LED lights in 2021. Eric Braganza, President, CEAMA told […]
Expect GAIL-Gazprom gas supply issue to be resolved: Oil Minister
Oil Minister HS Puri on Wednesday said that he expects the liquefied natural gas (LNG) supply issue between state-run GAIL and a former unit of Russia’s Gazprom to be resolved. The supplies have been disrupted since June this year. It is a discussion between GAIL and Gazprom. We have a very time-tested relationship with the […]