Bruce Bentley

HIGH street banks are going 'to war' on cryptocurrencies such as Bitcoin after a spike in fraud, reports the Times One bank will use technology to ban several million customers from buying ANY digital currencies, it adds. Ashley Hart, head of fraud at TSB, said: "Platforms and exchanges are rife with fraudsters, and many do not have proper controls to prevent victims losing large sums of monty. "Crypto is a hotbed for fraud and urgently needs greater regulation and consumer protection. "Anyone approached to invest in crypto should be extremely wary." Despite the warning, Dubaicoin saw its value shoot up 1,000 per cent in just 24 hours despite the price of other cryptocurrencies continuing to fall. The city's government has denied any official link, with the authority even claiming it is part of an "elaborate scam". The dramatic price rise came as the value of Bitcoin and other cryptocurrencies such as Ethereum continue to struggle. Mean...

Market Watch: Aditya Agarwala of Yes Securities   - Muthoot Finance is a buy with a stop loss of Rs 1,250 and a target price of Rs 1,350. - Lupin is a buy with a stop loss of Rs 1,165 and a target of Rs 1,300. Divi's Labs shares jump 4% to hit new high on strong Q4 The share price of Divi's Laboratories jumped 4 percent to hit a new high on Monday after the drug maker reported robust results for the March quarter. The company's net profit rose 24.5 percent in Q4 to Rs 488 crore as compared to Rs 392 crore in the same quarter last year. Revenue from op...

JB Chemicals & Pharmaceuticals | The company has announced its foray into the area of Nephrology with a new dedicated division called “RENOVA” which will endeavour to serve patients who are under treatment for Chronic Kidney Disease. CLSA on Tata Steel Tata Steel’s 4Q adjusted consolidated Ebitda of Rs 139 billion was above estimates with a beat across all segments. Standalone Ebitda/t of Rs 27,800 was its highest ever and 1QFY22 looks even better. Europe profitability of USD 66/t was better (awaiting clarity on carbon cost impact) and the spot spread is USD 240/t higher than in ...

Stocks are expected to start the week on the front line in Asia after strong US earnings added to prove the pandemic recovery is picking up pace. The currencies remained stable early Monday. Futures were higher in Japan, Australia and Hong Kong. US futures changed little after most of the large groups in the S&P 500 advanced on Friday. US newbuild sales rebounded in March to their highest level since 2006, while production by manufacturers and service providers hit a record high in April. The 10-year yield on government bonds was below 1.6%. The dollar sustained losses against large competitors in early trading. Oil and gold were hardly changed. The focus is on this week's Federal Reserve meeting. Policy makers reiterate that they are in no hurry to withdraw support even if the US economy recovers. A number of earnings from mega-corporations like Tesla Inc., Facebook Inc., and Apple Inc. are analyzed as investors look...