THAKRAL
Protests, traffic curbs in Delhi hit hotel business
Protests in Delhi are causing significant disruptions, leading to a notable decline in hotel occupancies across the city. Companies have chosen to cancel events and meetings to avoid travel difficulties amid ongoing unrest. Many hotels report F&B sales dropping significantly because of reduced guest activity and restricted access. Some firms have advised their employees to work from home due to traffic curbs and security measures.
ET Business Growth Summit in Mumbai showcases ideas and innovations driving business growth
Key discussions focused on MSME growth, investment opportunities in Maharashtra, and innovative strategies for scaling businesses. Entrepreneurs and industry leaders shared insights on market adaptation, technological advancement, and overcoming traditional barriers, while recognizing outstanding contributions to the ecosystem.
Karnataka to woo Singapore majors; Sats plans expansion
Karnataka's industries minister MB Patil is engaging with several companies in Singapore for investment opportunities. The discussions included establishing operations in Karnataka for companies like ST Engineering and Sats. Japfa has shown interest in setting up a feed mill and food-processing plant in the state.
Nestle partners with Thakral Innovations as distribution partner for Nespresso
Nestle has partnered with Thakral Innovations to distribute Nespresso boutiques in India across various channels, including retail, online, and B2B. Nespresso plans to expand in metro cities, targeting young coffee enthusiasts. Nestle reported significant growth in its beverages sector, with Nescafe driving retail sales past Rs 2,000 crore over the past year.
Cryptocurrency prices on October 9: Bitcoin holds above $62,000; BNB, Shiba Inu rise up to 4%
Cryptocurrency prices exhibited mixed trends with Bitcoin trading above $62,000 despite minor volatility, and Ethereum gaining slightly. Solana and XRP faced small declines. Experts suggest easing geopolitical tensions and Binance's NFT marketplace launch are influencing the market, while Bitcoin remains range-bound with key support at $60,000 and resistance at $63,100.
Cryptocurrency Prices on September 25: Bitcoin rises above $63,800; Solana, Cardano surge up to 3%
Major cryptocurrencies saw modest gains on Wednesday, with Bitcoin, Solana, and Cardano leading the rise. Bitcoin touched Rs 64,800 earlier today. The global crypto market cap increased 0.45% to $2.24 trillion. Experts expect further gains in the crypto market due to the global shift towards monetary easing.
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Crypto Price Today: Bitcoin jumps 3%, retraces $60,000 mark. Altcoins Etherium, Dogecoin, others gain up to 1.5% on Fed outcome day
Major altcoins were trading mixed, with some like Ethereum (ETH), Tether, BNB, Dogecoin, Toncoin, Tron, Cardano, and Shiba Inu seeing gains up to 1.5% around 1:15 pm. Meanwhile, Solana, XRP, and Avalanche experienced declines of up to 1.4%.
Crypto Price Today: Bitcoin, Avalanche, Cardano and BNB fall up to 5% amid mixed trade ahead of Wednesday Fed outcome
Bitcoin traded at $58,638.79, down 0.5% ahead of the Federal Reserve's FOMC meeting outcome. Major altcoins showed mixed performance with Ethereum, Tether, Solana, XRP, and Tron gaining up to 1%, while Avalanche, Shiba Inu, Cardano, and BNB fell by up to 5%. Market volatility is expected with the anticipated interest rate cut.
Crypto Price Today: Bitcoin holds above $60k but down 1.5%. Ethereum, BNB, Solana, Dogecoin, others fall up to 4%
BlackRock's IBIT saw significant trading volume, while the market anticipated the expiry of multi-billion dollar Bitcoin and Ethereum options. Strong institutional interest and positive trading activity influenced the crypto market's momentum, underscoring ongoing market dynamics and investor sentiment.
Cryptocurrency prices on June 4: Bitcoin holds above $68K; Shiba Inu, Avalanche tank up to 5%
Cryptocurrency markets, led by Bitcoin, Ethereum and Shiba Inu, traded lower today. Bitcoin touched $70,230 on positive US inflation data, fueling speculation of a potential interest rate cut by the US Fed. The global market cap fell by 0.7% to $2.55 trillion, with stablecoins totaling $76.21 billion.
Cryptocurrency price on June 3: Bitcoin approaches $69k on renewed US rate cut hopes
Cryptocurrencies surge as U.S. inflation stabilizes, hinting at Fed rate cuts. BTC and ETH prices rise with a market cap at $2.56 trillion. CEOs anticipate positive momentum amid moderate growth and weak consumer spending.
Cryptocurrency Price on May 27: Bitcoin falls below $68.7k level; Dogecoin, Chainlink decline up to 4%
On Monday, major cryptocurrency tokens experienced a downturn, with Bitcoin (BTC), XRP, and Dogecoin leading the decline. BTC saw a 0.9% drop to $68,678, while Ethereum surged by over 3.4% to reach $3,915. Ethereum, the leading altcoin, has seen impressive growth following the announcement of the SEC's approval for ETH ETFs.
Cryptocurrency market sees decline as Bitcoin and Ethereum slip
The global cryptocurrency market cap decreased by 2.94% to approximately $2.31 trillion over the last 24 hours.
The talent exodus: Are blockchain entrepreneurs moving to Dubai, other crypto-friendly nations?
After two years of historic growth, the crypto industry seems to have hit a rough patch.
Crypto exchanges hunker down as everything goes wrong in India
That a crypto marketplace should be in cost-cutting mode is hardly a surprise — Coinbase Global Inc. and Crypto.com have announced layoffs in the last two weeks alone — but Indian exchanges face the added burden of a new tax system that executives fear will wipe out what little trading is left. WazirX’s daily volume has slumped about 95% since October, data from CoinGecko shows.
Riverwalk Holdings launches Rs 150 crore fund to back early-stage companies
Riverwalk has a sector agnostic investment approach with preferred sectors such as enterprise SaaS, fintech and consumer-tech and consumer brands.
Metaverse tokens crash 90% from recent highs. Can they stage a turnaround?
Major metaverse tokens such as Decentraland (MANA), The Sandbox (SAND), Enjin Coin (ENJ) and Stacks (STX) have tumbled between 55 and 75 per cent from their recent peaks of one year.
Crypto industry aims for a dual licence regime
One of the biggest challenges to the adoption of cryptocurrency is the ease with which money can flow between traditional (fiat) and crypto ecosystems and the on-ramp and off-ramp (converting crypto to fiat) exchanges facilitate that transfer.
'Youngistaan' has a passion for cryptos, too
Crypto exchanges have recorded a spurt in students investing in cryptocurrencies as the disruptive asset class has found favour with the community as an investment option. Data from top exchanges indicate that about 15% to 20% of all the users are students and in the 18-20 year age group.
Global crypto market hits $2 tn, Bitcoin surges again
Bitcoin has crossed the $46,000 mark (more than Rs 34 lakh for single coin) once again. The most popular cryptocurrency has been trading in the green with a market cap of more than $848 billion, according to CoinMarketCap.
Jungle Ventures raises $65 million from Temasek, Singapore’s Thakral Family
The VC firm is now looking to step up its pace of investments, deploying the fund across 15-20 companies in the next 12-24 months.
NRI-owned Thakral Corporation to set up retirement villages in Australia
A Singapore-based NRI-owned company has set up a joint venture with an Australian firm to develop resort-style retirement villages in the country.
Singapore appoints Indian-origin businessman as ambassador to Denmark
Karan Singh Thakral has served as Singapore's High Commissioner to Sri Lanka. He is an Executive Director in the Thakral Group of Companies.
10 new additional secretaries appointed; Rajiv Kumar new EO
The home ministry has got a new additional secretary in 1984 batch IAS officer from Madhya Pradesh, Jaideep Govind.
MSTC plans to set up ship recycling yard at Gujarat
MSTC has proposed to set up an integrated ship recycling yard under the Public Private Partnership route at Alang in Gujarat.
Sunday ET: Delhi gang rape: Metro dwellers cancel new year eve's revelry, hotels hit
Five-star hotels in Delhi and Mumbai say bookings are down by at least 15-20% because the sentiment has been impacted by the horrific incident.
Encrypted endeavours: Advantal Services
Gurgaon-based Advantal’s secure VoIP offerings have caught the fancy of Israel’s security establishment.
Three Indian-origin people among Singapore's richest list
Indian origin Kartar Singh is ranked at the 30th position, while Mustaq Ahmad of the 24-hour Mustafa Centre is at 38th spot. Get your dream job | 10 Young Billionaires
Four NRIs among S'pore's Richie Rich
Murli Kewalram Chanrai, Mustaq Ahmad, Sudhir Gupta & Kartar Singh Thakral are in the latest Forbes list.
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