Federal Reserve Chairman Jerome Powell took a bite out of Bitcoin’s historic price surge. In a press conference on Wednesday, he said the central bank is not currently looking to build a reserve of Bitcoin, and projected only two rate cuts for 2025. “We’re not allowed to own Bitcoin. The Federal Reserve Act says what…
If one fails to submit a belated return by December 31, 2024, specific consequences apply. ITR filing deadline: December 31, 2024, marks the final deadline for submitting belated and revised income tax returns for FY 2023-24 (AY 2024-25). Whilst various taxpayer categories have distinct ITR filing deadlines, the final date for belated and revised returns…
India has become one of the world’s leading markets for deals such as initial public offerings, smashing its record for money raised this year as investors snap up opportunities.Vishal Mega Mart Ltd.’s trading debut Wednesday underscored this insatiable appetite for IPOs — shares of the retailer surged more than 40%. The feeding frenzy is set…
Markets remain under pressure following Fed’s strict commentary. Support exists at 23,850, with resistance at 24,200, according to Rupak De of LKP Securities. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in trade for the fifth consecutive day on Friday. While BSE Sensex was just above 79,000, Nifty50…
Nuvama has a ‘hold’ recommendation on Ambuja Cements with a target price of Rs 667 (+19%). The company is merging Shanghi Industries and Penna Cement with itself for operational efficiencies and to improve efficiencies. Analysts feel this decision to streamline the structure of the company is a welcome move.Kotak Institutional Equities has given a ‘reduce’…
MUMBAI: Private equity giant KKR has invested in cloud kitchen startup Rebel Foods, which owns brands like Behrouz Biryani and Faasos. The deal amount was not disclosed but it is understood to be a secondary transaction conducted at a lower valuation of around $800 million. KKR said it will back the firm’s expansion. Source link
Have a question for ChatGPT but lack a Wi-Fi connection? OpenAI has introduced a new way to connect with its popular AI chatbot for U.S. users: Call 1-800-CHATGPT or 1-800-242-8478. OpenAI announced the feature on Wednesday and demonstrated how it works through a YouTube livestream. OpenAI researchers called the number with everything from an iPhone…
Kylie Kelce’s new podcast, “Not Gonna Lie,” is currently No. 1 on Apple’s podcast chart. It also hit the top spot on Spotify this month, though at press time, it is No. 2 below “The Joe Rogan Experience.” (Rogan’s podcast, meanwhile, took first place on Spotify for all of 2024.) Kelce’s podcast’s Instagram bio reads:…
While Amazon is delaying its January 2 return-to-office (RTO) mandate for thousands of employees because of a lack of office space, two other companies are following the tech giant’s lead and implementing strict back-to-the-office mandates. AT&T and Sweetgreen are telling non-frontline staff to come into the office more often in the new year, per Bloomberg….
MUMBAI: The rupee breached the 85 level for the first time on Thursday as the dollar gained ground across most currencies in the wake of the US Federal Reserve indicating that there would be fewer rate cuts in future than expected.In percentage terms, rupee decline was marginal, dipping from 84.95 on Wednesday. However, with the…
