Business News Live: Bulls and bears both sitting on the sidelines as the war wages on. Big downgrade for Maruti but big bets on bitcoin, get the top business news headlines from EJ Biz:
Wait and watch mode as Sensex and Nifty remain rangebound with banks holding up the charts. Fuel prices hikes continue, prices up Rs 2.4/lt.
Maruti under pressure as CLSA downgrades stock to a SELL and cuts target price to Rs 6430/share. Brokerage firm says spike in commodity costs & loss in market share are major challenges.
US President Joe Biden called for Russia’s removal from the G-20 group and European Union countries rejected Putin’s demand that they pay in rubles for natural gas imports.
Also Watch: Petrol, diesel price hike for 3rd time this week; how costly could fuel be?
Crypto Corner
Bit bets on Bitcon as Russia indicates they will be willing to accept Bitcoin as payment for oil and gas as the Kremlin gears to reject dollars and euros.
Did Bhavish Agarwal get Ola to rescue his brother's firm? Money control reports Ola to buy founder Bhavish Aggarwal brother's firm Avail Finance for $50 million in a share swap deal