Friday, October 02
Since Bitcoin’s first public release, it has developed unprecedentedly to arguably become the world’s best-performing risk asset. Based on its capability for hedging against inflation, and the emergence of DeFi (Decentralised Finance), Bitcoin has witnessed increased adoption across levels, including retail, institutional and government participation. With increased activity by state players like the USA, Bhutan, El Salvador, Russia, Brazil, and many others, India is in a unique dilemma regarding Bitcoin: to be or not to be?If we take a close look at India’s economic policies over the last decade and compare them with pre-Bitcoin times, a stark difference can be seen. Pre-2009 India’s economic strategies were overtly reactionary to global cues, which have been transformed in the la
The combined market valuation of six of the top-10 most-valued firms jumped Rs 1,62,288.06 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers, in-line with an optimistic trend in equities. Last week, the BSE benchmark gauge jumped 1,289.57 points, or 1.58 per cent. Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India and Infosys were the gainers, while TCS, LIC, Bajaj Finance, and Hindustan Unilever faced erosion from their market valuation last week. The market valuation of Bharti Airtel surged Rs 54,055.96 crore to Rs 11,04,469.29 crore. Reliance Industries added Rs 50,070.14 crore, taking its valuation to Rs 19,82,033.60 crore. The valuation of HDFC Bank jumped Rs 38,503.91 crore to Rs 15,07,281.79 crore while that of In
