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In a major move, U.S. President Joe Biden has issued an order to establish a Strategic Bitcoin Reserve, using 200,000 confiscated bitcoins to fund the initiative. This decision marks a significant shift in the government’s approach to cryptocurrency, signaling its growing importance in the financial ecosystem. As part of the directive, authorities have been prohibited from selling these confiscated bitcoins, reinforcing the government’s long-term vision for digital assets. This development has sparked intense discussions in the crypto community, with experts debating the potential impact on Bitcoin’s supply and price stability.
The Federal Reserve remains divided over potential interest rate cuts, with officials expressing mixed views on the economic outlook. While some policymakers believe rate cuts may be necessary to support growth, others argue for maintaining the current stance to combat inflationary pressures. Market analysts anticipate that the first rate cut could arrive later this year, but the timing will largely depend on economic data, inflation trends, and global financial stability. Investors are closely watching the upcoming Federal Open Market Committee (FOMC) meeting on March 18-19, where officials will release their Summary of Economic Projections, offering more clarity on the central bank’s policy direction.
The U.S. dollar has taken a hit, sliding below the 105 mark on the dollar index, as risk aversion grips global markets. Fears of an extended global trade war and uncertainty surrounding U.S. economic policies have weakened investor confidence, pushing traders towards safer assets like gold and the Swiss franc. In fact, the dollar recently fell to a three-month low against the Swiss franc, reflecting growing concerns over the future of global trade. Adding to the pressure, tariff exemptions for automakers have further impacted the greenback’s position as the world’s reserve currency, leading to its lowest level in four months, at 104.01.
The Employees’ State Insurance Corporation (ESIC) is awaiting regulatory approval from SEBI to lift the ₹25 crore per transaction cap on stock market investments. ESIC aims to channel its surplus funds into equities and improve returns for its beneficiaries. If approved, this move could significantly boost stock market liquidity, as ESIC manages thousands of crores in surplus funds. Market participants are eagerly watching for SEBI’s decision, which could set a precedent for other government bodies looking to expand their investment portfolios.
With the financial year-end approaching, the Reserve Bank of India (RBI) has stepped in to address potential liquidity shortages in the banking sector. The central bank has injected ₹1.87 lakh crore into the system to ensure smooth financial operations and prevent any disruptions in the interbank market. The move is expected to provide relief to commercial banks facing short-term funding pressures, ensuring adequate liquidity as businesses and financial institutions prepare for year-end settlements.
U.S. stock markets have been rattled by former President Donald Trump’s tariff policies, causing a significant 3% drop in major equity indices this week. Investors are worried that new trade barriers could disrupt global supply chains, impacting corporate earnings and economic growth. Sectors such as automobiles, technology, and manufacturing have been hit the hardest, with concerns mounting over escalating trade tensions. Analysts predict continued market volatility as investors digest the implications of these tariffs on international trade.
Pharmaceutical company Laurus Labs has announced a ₹833 crore investment in a joint venture with KRKA Pharma, aimed at setting up a new manufacturing facility. The partnership will help Laurus Labs expand its footprint into emerging markets, leveraging KRKA’s expertise in generic drug production. This investment aligns with India’s goal of strengthening its pharmaceutical exports, ensuring a steady supply of affordable medicines to global markets.
Business services firm Quess Corp has secured approval from the National Company Law Tribunal (NCLT) for a three-way demerger, leading to the creation of three publicly listed entities. This restructuring is aimed at unlocking shareholder value, streamlining operations, and allowing each business unit to focus on its core strengths. Investors and industry analysts are optimistic about the demerger, expecting it to enhance operational efficiency and attract fresh investment.
Power Grid Corporation of India has been declared the successful bidder for a large-scale inter-state transmission system project in Andhra Pradesh. The company has officially received a Letter of Intent, marking another milestone in its efforts to strengthen India’s power infrastructure. This project is expected to enhance electricity transmission capacity across the region, improving energy access and supporting economic growth.
Infrastructure giant Larsen & Toubro (L&T) has booked ₹2.67 trillion worth of new projects for FY25, reinforcing its dominance in the engineering and construction sector. A significant portion of these orders—one-third—originates from the Middle East, underscoring L&T’s growing presence in international markets. With robust demand for infrastructure, energy, and industrial projects, the company is well-positioned to sustain strong growth in the coming years.
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