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JPMorgan Chase & Co. has a lounge in the metaverse: Visitors are greeted by a digital portrait of Jamie Dimon and a roaming tiger. Walk upstairs and you’ll see an executive’s presentation on the crypto economy. The lounge is located at the Metajuku mall in Decentraland, a browser-based metaverse backed by the Digital Currency Group. Onyx, JPMorgan’s blockchain unit formed in 2020, set up the lounge as it released a paper on how businesses can Read More

Commodity prices traded higher with most of the commodities in Non-Agro segment witnessed buying during the week despite of stronger dollar. Bullion prices rallied on inflation hedge and Russia-Ukraine tensions. Crude oil prices traded higher on tighter supply and higher demand. Base metals ended in green on strong demand recovery and lower supply fears. Gold prices traded higher with spot gold prices at COMEX rose by 2.79% to $1859 per ounce for the week. Gold Read More

Cloudnine, a super-specialty mother and babycare chain of hospitals has filed its draft IPO papers with capital markets regulator SEBI today. The company is looking to raise around Rs 1,200 crore from the public issue of equity shares, news agency PTI reported. The IPO of Cloudnine will be a mix of a fresh issue of equity shares and an offer for sale (OFS) by existing shareholders of the company, the DRHP highlighted. Cloudnine is backed Read More

IRCTC share price surged over 3.5 per cent to Rs 868.10 apiece on BSE, after the company posted a consolidated net profit of Rs 208 crore during the third quarter of FY22. Indian Railway Catering and Tourism Corporation stock is still 47 per cent down from its 52-week high touched in October last year. IRCTC’s board has also declared an interim dividend of Rs 2 per share each for the financial year 2021-22. It has Read More

To further simplify and provide greater clarity, markets regulator Sebi has come out with a new format for disclosures in abridged prospectus, whereby critical information will be provided in the front page of the offer document. Under the rules, every application form for the purchase of any securities of a company needs to be accompanied by an abridged prospectus. After reviewing the disclosure requirement, it was felt that due to the multitude of information which Read More