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Trading in so-called meme stocks took off this week, with chatter building on WallStreetBets and other social media platforms on the potential for short squeezes as investors in the forums rallying against short sellers.
RBI could pay govt more despite fall in interest and forex incomeThe Reserve Bank of India may have accumulated a record high foreign exchange reserves, but it is a losing proposition given that a nearly 25 percent jump in fact led to a fall in returns by nearly a fifth. Returns on reserve… Read MoreRIL plans global payments play via NUEThe NUE will be jointly promoted by an RIL unit and Infibeam Avenue subsidiary So Hum Bharat along with two global giants - Facebook and Google. RIL is likely to hold 40 percent. Other three players are expected to own about … Read MoreRBI policy, earnings, macro data likely to set market tone this weekMarket participants expect the gains of the previous week to sustain this week helped by the recovery in risk appetite of investors globally.
from Stocks-Markets-Economic Times https://ift.tt/39EYlKZ
… Read MoreCrypto firms got more funding last quarter than in all of 2020The funding surge is happening as Bitcoin hits record highs, and with companies such as Tesla diving into the currency.
from Stocks-Markets-Economic Times https://ift.tt/2QYxDq5
… Read MoreYear-end system work delays UPI, IMPS transactionsBank systems were clogged due to year-end system maintenance. Transactions were delayed for more than 24 hours, which otherwise would have been possible in a few seconds. Customers of top banks with large retail interfaces ar… Read More
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