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Indian investors unsure after international crypto exchanges collapse

Indian investors unsure after international crypto exchanges collapse

As the crypto world remains surrounded by mostly negative news, there has been a global meltdown in investment in the once-bright sector. Indian investors, too, seem wary, some of them reassessing their exposure and others completely withdrawing until they could make sense of the volatile situation.

Already on shaky ground, after several digital coins began losing their value a few months ago, the collapse started earlier this month when Binance CEO Changpeng Zhao announced his exchange was liquidating all FTX tokens.

MCD polls: Hold padyatras, door-to-door campaigns, AAP tells candidates

MCD polls: Hold padyatras, door-to-door campaigns, AAP tells candidates

The AAP on Monday instructed its MCD poll candidates to hold padyatras and door-to-door campaigns to reach out to voters ahead of the elections, party officials said.

The directions were issued at a meeting of the party's 250 candidates that was presided over by Delhi Deputy Chief Minister Manish Sisodia. Delhi Environment Minister Gopal Rai and AAP leaders Atishi and Durgesh Pathak also attended the meeting.

Tesla CEO Elon Musk to face two tough trials this week amid Twitter mess

Tesla CEO Elon Musk to face two tough trials this week amid Twitter mess

Amid chaos at Twitter, Elon Musk will face two court cases in the US this week, one defending his $56 billion pay package from allegations by Tesla shareholders and the other is a manslaughter trial set to begin in Los Angeles state for a fatal crash.

Taken together, the twin trials represent a critical test for Musk's multitasking skills, reports The Verge.

Apollo Tyres surges 6% post Sept quarter result; stock nears record high

Apollo Tyres surges 6% post Sept quarter result; stock nears record high

Shares of Apollo Tyres hit a multi-year high of Rs 303.40 as it surged 6 per cent on the BSE in Tuesday's intra-day trade, in an otherwise subdued market, after the company reported a double digit growth in revenue, and earnings before interest, taxes, depreciation, and amortization (Ebitda) in the September quarter (Q2FY23) despite challenging environment.

At 12:11 pm, the stock was trading 4 per cent higher at Rs 297.65, as compared to 0.21 per cent decline in the S&P BSE Sensex.

EPFO set to hire 35 legal experts to deal with litigation: Report

EPFO set to hire 35 legal experts to deal with litigation: Report

The Employees' Provident Fund Organisation (EPFO) is set to induct 35 young legal professionals to assist it in managing litigation and quick resolution of disputes, a report in The Economic Times said.

These professionals, who will work as researchers, will be initially hired for 11 months. Following an assessment of their performance, their services may be extended.

Piramal-Bain's IndiaRF invests Rs 550 cr for majority stake in Impresario

Piramal-Bain's IndiaRF invests Rs 550 cr for majority stake in Impresario

India Resurgence Fund (IndiaRF), an India-focused investment platform backed by Piramal Enterprises Limited and Bain Capital, has invested Rs 550 crores in food and beverage (F&B) company Impresario Entertainment and Hospitality Private Limited. With this, IndiaRF has become the majority shareholder of Impresario.

Funds will be used by the company to fuel the further expansion of Impresario’s business.

Congress MP Rahul Gandhi's Bharat Jodo Yatra to enter Maharashtra today

Congress MP Rahul Gandhi's Bharat Jodo Yatra to enter Maharashtra today

After completion of the foot march in southern states, Congress' Bharat Jodo Yatra led by party leader Rahul Gandhi will enter Maharashtra on Monday.

The yatra has already covered parts of Kerala, Karnataka, Andhra Pradesh, Tamil Nadu and Telangana.

Now, Rahul Gandhi will enter Maharashtra on Monday evening at Madnur Naka in Degloor of Nanded district.

Vodafone may have to raise tariffs to meet a Rs 6,400 cr shortfall by Sept

Vodafone may have to raise tariffs to meet a Rs 6,400 cr shortfall by Sept

Vodafone Idea may have to raise tariffs or finalise its fundraising quickly to avoid a cash shortfall to the tune of Rs 6,400 crore by September 2023, according to a report by The Economic Times.

The report, citing analysts, said if the loss-making telecom service provider fails to raise fresh capital soon, it may have to boost its average revenue per user significantly, or ARPU, to service a debt repayment of Rs 9,600 crore in the next 12 months.

EvolutionX Debt Capital makes maiden investment in PharmEasy parent firm

EvolutionX Debt Capital makes maiden investment in PharmEasy parent firm

EvolutionX Debt Capital, a growth-stage debt financing platform, has made its maiden investment in API Holdings, the parent company of PharmEasy, India’s largest online pharmacy.

The investment, of an undisclosed amount, is part of a sequence of planned capital raises and it will be followed by equity infusion in the company in the near-term, said Siddharth Shah, chief executive officer and co-founder of API Holdings.

Britannia Industries' shares jump nearly 10% after Q2 profit beat

Britannia Industries' shares jump nearly 10% after Q2 profit beat

Shares of India's Britannia Industries Ltd rose as much as 10% on Monday, after the Good Day and Tiger biscuits maker reported late Friday a 28.4% jump in second-quarter consolidated net profit.

The company's profit was 4.93 billion rupees ($59.97 million) for the three months ended on Sept. 30, beating analysts' expectations for a profit of 4.12 billion rupees, according to Refinitiv IBES data.

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