Listen: Crypto Exchanges Strengthen Wallets With New Tokens


Hi hello. Welcome to ETMarkets Morning, the money, business and markets show. I am Nikhil Agarwal. Let’s start with the headlines first.

– Air India lenders offer 35,000 crore loan to Talace, promoted by Tata
– MFs Cannot Make Crypto Related Investments Before Law, Says Sebi Chief
– National pharmaceutical companies prepare to launch Merck’s Covid pill

Now let me give you a quick overview of the state of the markets.

Asian stocks fell on Wednesday, following a mixed session on Wall Street, with investors in the region positioning their portfolios for the new year and continuing to fight the rising global number of Omicron coronavirus cases. Global equities ended mixed after a record session.

Elsewhere, the yield on 10-year Treasuries fell one basis point to 1.47%. The dollar strengthened slightly on Wednesday at the start of Asian trading, as a recent rally in stocks showed signs of slowing, but thinned trading during the holidays meant markets showed little real direction. Bitcoin was around $ 48,000 after a drop that portended a decrease in ardor for more speculative assets.

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That said, here’s what’s in the news.

The board of directors of the Securities and Exchange Board of India (Sebi) has approved crucial changes to the initial public offerings (IPOs). These include restricting the amount a company can use for unidentified acquisitions, increasing the blocking period for key investors, and approving credit rating agencies (CRAs) to monitor credit rating products. the show.

Indian cryptocurrency exchanges are offering a larger portfolio of digital assets – tokens – to satiate a growing class of investors looking for higher returns. WazirX launched 12 tokens in December, while CoinSwitch Kuber added five, named Mana, Sand, Gala, Req and Coti. Unocoin recently integrated five new coins, while CoinDCX brought in a group like DappRadar, Highstreet, Convex Finance and ConstitutionDao.

The share of state-owned banks in credit fell further by a year, continuing a declining trend for a decade, while the remuneration of private banks appears to have increased in line with the pace of business expansion.

RECENTLY,

New restrictions on opening hours at stores, markets, malls and commercial establishments and nighttime curfews in various states are starting to impact businesses of consumer goods companies and chains. retail, business executives said. Maharashtra, Delhi, Karnataka, Haryana, Gujarat and West Bengal are among the states that have announced restrictions to curb the spread of Covid-19 amid growing cases of the worrying new variant, Omicron.

NOW Before you go, here’s a look at some of the stocks that are buzzing this morning …

Reliance Jio Infocomm plans to raise up to 8,000 crore by selling corporate bonds in the local market as early as next week.

Telecom operator Bharti Airtel and IT leader Tata Consultancy Services (TCS) have teamed up to create 5G-based remote working technology using robotics.

Diverse business conglomerate ITC Limited has commissioned its first off-site solar power plant in Tamil Nadu with an investment of Rs 76 crore, the company said on Tuesday.

Coupons offered by food delivery platforms including Zomato and Swiggy are set to come under scrutiny by the tax authorities under the Goods and Services Tax (GST) regime starting in January 2022.

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Also check out over two dozen stock recommendations for today’s trading from top analysts on ETMarkets.com.

That’s all for the moment. Stay with us for all the market news throughout the day. Good investment!


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