Bitcoin slumps more than 5% in volatile trade
The world’s most popular cryptocurrency was last down 4.1% at $18,880 in a volatile trading session.
By Reuters| Posted by Mallika Soni | Reuters
PUBLISHED ON DEC 01, 2020 07:15 PM IST
Bitcoin fell 5.6% against the dollar on Tuesday, after hitting a record high earlier in the day.
The world’s most popular cryptocurrency was last down 4.1% at $18,880 as of 1241 GMT in a volatile trading session.
Bitcoin has gained 165% this year, fuelled by demand for riskier assets amid unprecedented fiscal and monetary stimulus, hunger for assets perceived as resistant to inflation, and expectations that cryptocurrencies will win mainstream acceptance.
Topics
Global stocks soured by Wall Street sell-off and 'vaccine nationalism'
Reuters
PUBLISHED ON JAN 28, 2021 03:10 PM IST
Wall Street on Wednesday suffered its biggest one-day percentage drop in three months as the S&P500 index and Nasdaq Composite fell 2.6%.
Toyota unseats Volkswagen to become the world’s top-selling automaker
Bloomberg
PUBLISHED ON JAN 28, 2021 02:42 PM IST
Toyota’s group sales, which include those of its subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., for the year were 9.53 million units, the company said Thursday.
Boeing gets US government approval to offer F-15EX to India
Reuters
PUBLISHED ON JAN 28, 2021 02:01 PM IST
Ankur Kanaglekar, director, India Fighters Lead, Boeing Defense, Space & Security, said discussions on the F-15EX had taken place earlier between the two governments.
Apple logs record quarterly smartphone shipments, Huawei in freefall
Reuters
PUBLISHED ON JAN 28, 2021 02:01 PM IST
Huawei Technologies Co Ltd, unsurprisingly, suffered the most pain, with shipments tumbling a record 42.4% to 32.3 million.
India's gold demand down 35% in 2020; rebound in 2021 likely
PTI
PUBLISHED ON JAN 28, 2021 01:21 PM IST
India's gold demand fell by 35.34% to 446.4 tonne in 2020. In 2019, the total gold demand was 690.4 tonne, according to the WGC's 2020 Gold Demand Trends report.
Auto sector going through long-term structural slowdown: SIAM
PTI
PUBLISHED ON JAN 28, 2021 01:15 PM IST
The auto industry has been facing headwinds even before the Covid-19 pandemic derailed the entire sector last year, a research conducted by the Society of Indian Automobile Manufacturers (SIAM) has revealed.
What is GameStop? All you need to know about Reddit-driven stock market play
By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON JAN 28, 2021 12:02 PM IST
Amateur or small retail investors with their 'dumb money' are playing the real game on Reddit under a community named wallstreetbets.
Chinese app TikTok cuts jobs in India following ban
AP, New Delhi
PUBLISHED ON JAN 28, 2021 11:33 AM IST
- China says New Delhi has been using national security as an excuse to prohibit Chinese mobile apps.
Rupee falls 21 paise to 73.13 against US dollar in early trade
PTI, Mumbai
PUBLISHED ON JAN 28, 2021 10:45 AM IST
At the interbank forex market, the domestic unit opened at 73.13 against the US dollar, registering a fall of 21 paise over its previous close.
Shares slump to over one-month low as banks slid
Reuters, Bengaluru
PUBLISHED ON JAN 28, 2021 10:05 AM IST
Shares of Axis Bank dropped as much as 2.6% after its third-quarter profit slumped due to a surge in provisions for bad loans
Delhi HC to hear Amazon plea to detain Future Group founders today
By HT Correspondent | Edited by Zara Khan
UPDATED ON JAN 28, 2021 11:53 AM IST
In its plea, Amazon has sought enforcement of the Singapore arbitrator’s ruling in October against its partner Future’s ₹24,713 crore deal with Reliance
Indian shares slump to over one-month low as banks slide
By hindustantimes.com
UPDATED ON JAN 28, 2021 09:58 AM IST
The blue-chip Nifty was down 0.82% at 13,853.25 by 0347 GMT, after falling as much as 1.2% to its lowest level since Dec. 24. The benchmark Sensex slid 0.92% to 46,973.28.
Tesla’s Model S Plaid is fastest-accelerating production car
Bloomberg
PUBLISHED ON JAN 28, 2021 06:22 AM IST
Tesla says Model S Plaid is capable of 0-60 in less than 2 seconds, claiming in the earnings presentation that it’s the fastest-accelerating production car in the world.
Cabinet clears hike in MSP for Copra
By HT Correspondent, Hindustan Times, New Delhi
PUBLISHED ON JAN 28, 2021 06:16 AM IST
- Copra is the dried coconut kernel from which coconut oil is pressed.
Federal Reserve stresses its commitment to low rates as US economy stumbles
AP, Washington
PUBLISHED ON JAN 28, 2021 05:58 AM IST
The Fed said in a statement after its latest policy meeting that hiring and economic growth had slowed, particularly in industries affected by the raging pandemic, notably restaurants, bars, hotels and others involving face-to-face public contact.