Zomato Shares: Shares of food-delivery platform made its stock market debut on Friday by listing at ₹116 per share on the National Stock Exchange (NSE), nearly 53% premium as against the issue price of ₹79 per share.
Cryptocurrencies remained under pressure on Tuesday as the price of Bitcoin, the world’s most popular virtual coin, fell below $30,000 for the first time since June 22. Most virtual coins are struggling for more than a week to register gains due to higher outflow and bearish market momentum.
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Bitcoin has been in the news lately due to its wild price swings. However, this has not deterred investors with the cryptocurrency market seeing a boom in trading participation.
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The RBI on Wednesday allowed banks to recover part of gold metal loan advances in physical gold. The banking regulator came out with a notification on Wednesday evening that says gold (metal) loans can be repaid in physical gold as well.
Indian internet company Info Edge is not planning to sell its entire stake in Zomato when the food delivery start-up is publicly listed, a senior executive said. Zomato in April filed for an initial public offering of up to 82.5 billion rupees ($1.1 billion), where the company will issue fresh shares worth up to 75 billion rupees.
Crude oil prices have been on a rise. Brent crude is now inching towards USD 75 per barrel mark. In June itself, there’s been 8 percent rise in crude. This year, there has been a gain of 45 percent.
Bitcoin, Ethereum, Dogecoin are the most popular ones, other cryptocurrencies like Tether are secretly growing. While cryptocurrency is booming, a fact we are breathing daily. If you wish to invest in cryptocurrency, there are different options to invest in this year.
Bitcoin price managed to get below the key support level at $35,000 and is testing the next support at $32,000. Other cryptocurrencies are also moving lower. Ethereum gained material downside momentum after it managed to settle below the 50 EMA at $2645.