Raging fuel prices to mixed signals from global markets Editorji brings you the latest in business and market news on March 30:
Fuel On Fire
Fuel prices up for the eighth time in nine days with prices rising over 80 paise across the country. Diesel prices in Mumbai cross the 100 mark, while Petrol in the city of joy soars past Rs 110/lt.
Market Mood & Russia War
Russia: To 'drastically reduce military activity' in Kyiv & Chernihiv. The statement put the global markets at ease as US markets rallied overnight, crude prices hover above the $105/bbl mark.
Mega Crypto Heist
Hackers stole about $600 million from a blockchain network connected to the popular Axie Infinity online game in one of the biggest crypto attacks to date.
Biyani Defaults on Loan
Future Enterprises Ltd (FEL) said it has defaulted on payment of Rs 19.16 crore to Punjab National Bank, Canara Bank and Union Bank of India under the one-time restructuring plan. The group's leading company Future Retail Ltd defaulted on payment of Rs 3,494.56 crore to banks in January.
Ambani vs Amazon
The BCCI has issued media rights tender for the 2023-27 IPL seasons and an e-auction will take place from June 12. There is likely to be a bidding war between Star, Sony-Zee, Ambani backed TV18/Viacom18 and Amazon with the digital space putting up aggressive bids.