Why rates are being hiked globally, and what it means & more

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LATEST   Why rates are being hiked globally, and what it means   Not only RBI and the US Federal Reserve, Hong Kong too increased its rates and UK is scheduled to increase it on Thursday.

MARKETS   LIC IPO fully subscribed on Day 2; Policyholders 3 times, employees 2.14 times, retail 0.91 times   It is the biggest-ever IPO with Paytm second in the league.

Crypto   Binance, Sequoia among many who funded Elon Musk’s Twitter buy-in   The latest SEC filing reveals 18 investors who have helped Elon Musk fund his Twitter buy-in. They include a16z, Qatar LLC, Honeywell, etc.

MARKETS   Sensex, Nifty close flat amid profit-booking; IT, capital goods lead gains   Tech Mahindra, Infosys, HCL Technologies, Tata Steel, Wipro, ITC, HDFC, TCS, Kotak Mahindra Bank and ICICI Bank were the top Sensex gainers, rising up to 4.07 per cent.

MARKETS   Delhivery IPO to open on May 11: Price band, issue size, all details here   The bidding for anchor investors will open on May 10, according to the company's RHP with SEBI.

MARKETS   Promoters pledging increased in March quarter; here is the list of companies   For the latest quarter ended March 31, 2022, promoters pledged shares worth Rs 2.1 lakh crore, which is about 0.86 per cent of the total market capitalisation of the BSE 500 stocks.

LATEST   Adani Power Q4 results: Net profit zooms to Rs 4,645 cr, EBIDTA rises 271%   The company's consolidated total revenue zoomed 93 per cent YoY to Rs 13,308 crore as against Rs 6,902 crore in the same quarter last fiscal.

LATEST   Arvind Kejriwal launches Delhi Start-up Policy, to provide relief to entrepreneurs   Students of state-run institutes can take off for 1-2 years to focus on business, he explained.

Magazine   BT’s Business Confidence Index on a 7-year high. Will the good times last?   BT's Business Confidence Index shows rising confidence in the quarter gone by, and even more confidence for the coming quarter. But with several challenges staring companies in the face, the assurance could crack.

News Reel   RBI launches its inflation-busters   What was really worrying in the RBI’s governor speech was the frequent warnings about food prices. They are clear indications that the situation could get much worse. In fact, the RBI Governor listed various reasons. RBI has identified its biggest challenge i.e food prices. Watch this report to know more.

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