Saturday, August 29
Standard Chartered, one of the staunchest bitcoin advocates, has cut its price forecasts for 2025 and 2026 in half, underscoring the severity of the selloff in crypto markets.Geoff Kendrick, the global head of digital assets research at the bank, said on Tuesday he now expects bitcoin prices around $100,000 by the end of 2025 and $150,000 by the end of next year, both half of his previous estimates.The rethink reflects a shift in expected demand, with future buying likely to be driven mainly by exchange-traded funds rather than by companies adding bitcoin to their balance sheets, he said. Many bitcoin holding companies now trade at a discount to the value of their crypto assets.Kendrick still believes bitcoin can reach $500,000, but only by 2030, marking a two‑year delay from his earlier
Truck drivers are encountering a new risk on the highway: Law enforcement officers are empowered by the Trump administration to pull them off the road if they fail an English test.The government argues the rules are critical to safety. For Vadym Shpak, they’re a costly and frustrating disruption.Shpak, the owner of an Illinois-based trucking company, has had to book planes and car rentals for drivers who’ve had to abandon their rigs while on the road. Some of his employees, who are mostly Eastern European, refuse to go to southern states for fear of being targeted. He says his insurance premiums are climbing because of an increased number of violations.“These are good drivers, experienced drivers, but they get pulled over and the officer says their English isn’t good enough,” he
ET Intelligence Group: Park Medi World, a private hospital chain, plans to raise ₹770 crore through a fresh issue to repay debt and fund capital expenditure. It will also raise ₹150 crore through an offer for sale. The promoter group's stake will fall to 82.9% after the IPO from 95.6%. It has continued to increase bed capacity over the past three years. Its operating margin before depreciation and amortisation (Ebitda margin) and average length of stay (ALOS) has declined marginally over FY23-25, but it is still above that of peers. It primarily operates in North India with over 70% revenue coming from Haryana, signalling geographic concentration. In addition, average revenue per occupied bed (ARPOB) remains below that of peers. Given these factors, investors with high-risk appetite ma
Mumbai: The Securities and Exchange Board of India (Sebi) has approved the IPO proposals of Molbio Diagnostics, LEAP India, Foodlink F&B Holdings (India), Technocraft Ventures and Eldorado Agritech, issuing final observations on their draft papers. Molbio Diagnostics is planning ₹200 crore fresh issue and an OFS of up to 1.25 crore shares, while LEAP India targets raising ₹2,400 crore through an IPO, comprising ₹400 crore fresh issue and ₹2,000 crore OFS. Foodlink F&B Holdings (India) proposes ₹160 crore fresh issue and an OFS of up to 1.19 crore shares. Technocraft Ventures plans an IPO of 1.19 crore shares, including 95.05 lakh fresh shares and an OFS of 23.76 lakh shares. Eldorado Agritech aims to raise ₹1,000 crore, consisting of a ₹340 crore fresh issue and ₹6
