STAKING REWARDS

As the $15m Dogeverse ICO enters its final stages, could it be the biggest meme coin of 2024?

In 2024, meme coins like Dogeverse flourished with high returns and innovative presales. Leading dog-themed coins are Dogecoin, Shiba Inu, and FLOKI, with Shiba Inu dominating. CoinGecko monitors dog-themed coins. Dogeverse introduces Cosmo the Doge and Wormhole technology for chain-hopping.

Meme coin with AI superpowers: WienerAI breaks past $1.5 million milestone in hot presale

WienerAI (WAI) is a meme coin with AI superpowers, offering an AI trading bot and staking protocol on the Ethereum blockchain. It has a growing Twitter community, a Telegram channel, and a strategic tokenomics structure. Coinsult audit confirmed no major vulnerabilities, and it ranks second on the 'Best Crypto ICOs - New Upcoming ICO Calendar for 2024' list, exceeding $1.

Premji Invest eyes Nainital Bank stake; Ranjan Pai may back Rupeek

Happy Friday! Azim Premji’s family office is eyeing a majority stake in Bank of Baroda-owned Nainital Bank. This and more in today’s packed edition of ETtech Morning Dispatch.

Solana meme coin casino: The high stakes world of crypto fun

Originating as internet jokes, meme coins are digital currencies inspired by memes. Unlike their traditional counterparts, these tokens gain traction through humour and virality rather than underlying technology or practical use.

Bitcoin halving driving crypto volatility: 5 tokens to monitor before the BTC rewards cut

Bitcoin halving spurs crypto volatility, driving the top cryptocurrency to new highs. Traders prepare by monitoring tokens like Green Bitcoin, Dogecoin20, Smog Token, Sponge Token, and Theta Network, each offering unique features for potential gains.

Navigating Cryptocurrency Volatility: Exploring the Risks and Rewards of Current Market Leaders

Despite risks like market manipulation and volatility, savvy investors can capitalize on altcoins like Luxveda, Paysenger, and COINCALL. Thorough research and diversification help navigate the crypto market's uncertainties while seizing promising investment opportunities.

Do SIPs in HDFC, Asian Paints and reap reward in next one year; up ante in metal/OMC space: Sanjiv Bhasin

Sanjiv Bhasin, Director of IIFL Securities, advises investing in PSUs, OMCs, insurance companies, and largecaps like Reliance and HDFC Bank. He also suggests considering stocks like Vedanta, Hindustan Copper, Devyani, HDFC Life, and Asian Paints for potential returns. Bhasin says: "We remain in a bull market but fundamentally and technically, we have reached a peak from where we can see some consolidation/correction. '

Rajiv Jain's GQG Partners picks 0.8% stake in Bharti Airtel for Rs 5,850 crore

GQG Partners, led by Rajiv Jain, bought 49 million shares of Bharti Airtel from Singtel's subsidiary Pastel Limited, reducing Singtel's stake to 29%. Singtel sold stake to fund growth of data center, IT services, and reduce net debt. Singtel raised S$0.95 billion, while adding a marquee name to Airtel's share base.

Understanding staking in cryptocurrency: A guide to passive income

Staking is a mechanism employed by many blockchain networks to secure and validate transactions on the network. Unlike traditional Proof-of-Work (PoW) consensus algorithms, which rely on miners solving complex mathematical puzzles to validate transactions, Proof-of-Stake (PoS) and other staking-based systems use a different approach.

In which sector is risk-reward looking attractive? Kunal Pawaskar answers

​You are right in saying that the top line growth is slightly moderated. I think this was not very far from expectations. Previous calendar year was a year when many companies bore the brunt of inflation after the Russia-Ukraine conflict started and commodities rose.

China raises stakes in cyberscam crackdown in Myanmar, though loopholes remain

The drive has been confined to a limited area and appears unlikely to root out the kingpins behind the human trafficking and other illicit activities aimed at cheating people of their savings via phone calls and online overtures, schemes that are thought to generate tens of billions of dollars in revenue a year.

SJVN OFS presents favourable risk-reward positioning, worth a bid

Retail investors are advised to consider participating in the government's share sale of SJVN, a hydroelectric power company, despite the stock's recent surge. Analysts believe that while the near-term upsides may be limited, but the company's growth plans and stable dividend payments make it an attractive investment. The government is selling a 4.92% stake in the company, with shares being sold to retail investors on Friday.

What's at stake as 13,000 workers go on strike at major US auto makers

Approximately 13,000 auto workers have gone on strike at three factories after failing to reach an agreement with Detroit's automakers. The United Auto Workers union is seeking higher wages and improved benefits from General Motors, Ford, and Stellantis. The union also wants concessions that were made by workers during the companies' financial difficulties to be reinstated.

Investcorp makes final exit from Safari Industries

Investcorp, the global investment manager, has sold its stake in luggage maker Safari Industries, realizing a total return of Rs 285 crore. The company made partial exits in three tranches, with the final one occurring recently. Investcorp had initially invested Rs 75 crore in Safari Industries in February 2021.

Underperformance notwithstanding, risk-reward in RIL stock attractive: JPMorgan

Reliance Industries stock has underperformed YTD compared to its peers across various segments. However, a 12-month risk-reward outlook for the stock is favourable, according to JPMorgan. The bank has retained an "overweight" rating on the stock with a price target of INR 2,960 ($39.5), representing a nearly 19% upside from current levels. JPMorgan believes that the stock's underperformance has been impacted by news flows and selling by foreign institutional investors, and not for any fundamental reasons. The bank also expects strong earnings for RIL in FY24, driven by the refining and petrochemical segments.

Moneymakers! 4 stocks reward FIIs' stake increase with double-digit returns in FY24 so far

Ganesh Housing buys out Monsoon Capital’s stake in subsidiary for Rs 321 crore

Realty developer Ganesh Housing Corporation Ltd (GHCL) has bought out 31% stake in its subsidiary, Gatil Properties, from the US-based fund Monsoon Capital for over Rs 321 crore. With this transaction, Gatil Properties has become a wholly-owned entity of the listed company.

SoftBank sells 2% stake in Paytm to meet SEBI takeover rules

The market value of the total sale was not declared in the regulatory filing but reports said that it could be worth around $120 million.

HDFC Capital to hike stake in proptech startup Reloy

In March last year, HDFC Capital had acquired a 7.2 per cent equity stake in Loyalie IT Solutions Pvt Ltd (Reloy) for Rs 1.1 crore.

Asda surprises thousands of customers with free cash ahead of Christmas

Shoppers at Asda received a free £5 gift as part of the store's loyalty programme when staff members noted a few customers were having technical difficulties.

Granules India rallies 6% as PI Industries looks to buy promoter stake

Granules is a large-scale vertically integrated company that manufactures API, intermediates and finished dosages and has seven manufacturing facilities along with B2B & B2C marketing and distribution.

Can TVS Motor's electrifying ride fuelled by acquisitions reward shareholders?

Several new businesses have entered the EV market, such as Ola, Ather, Okinawa, and Simple Energy. These companies are backed by venture capitalists and private equity investors. Traditional competitors such as TVS Motor Company, Bajaj Auto, and Hero have recognised the threat these startups pose in the electric two-wheeler industry. In FY22, traditional businesses had a much lower market share in electric two-wheelers than these new enterprises.