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Equity indices tripped in the last half-an-hour of trade on Tuesday to notch up losses for the fifth consecutive session as finance and IT counters continued to bear the brunt of heavy selling amid negative global cues. Russia ramping up its offensive in Ukraine, coupled with unabated foreign fund outflows, a depreciating rupee and inflationary concerns sapped investor confidence, traders said. The 30-share BSE Sensex opened modestly higher and weathered bouts of volatility to trade in the positive territory, but succumbed to a sudden burst of selling towards the fag-end…

Finance Minister Nirmala Sitharaman on Tuesday made a strong case for regulating cryprocurrencies at a global level to mitigate the risk of money laundering and terror funding. Participating at a high-level panel discussion organised by the IMF, the Finance Minister said that as long as the non-governmental activity of the crypto assets was through unhosted wallets, the regulation was going to be very difficult. However, she said, cross border payments between countries will become very effective through Central Bank-driven digital currencies. “The risk which worries me more on the non-governmental…

Equity benchmark indices, which resumed trading after a long holiday, faced heavy drubbing on Monday, with the Sensex plunging over 1,186 points in early trade. The key index was dragged down by heavyweights Infosys and HDFC Bank amid weak trend in Asian markets. Stock markets were closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti, as well as on Friday on account of Good Friday. The Sensex was trading 1,186.18 points lower at 57,152.75 in early trade. The Nifty tumbled 314.95 points to 17,160.70. From the 30-share pack,…

 Bike taxi platform Rapido on Friday said it has raised USD 180 million (over Rs 1,370 crore) in a Series D round of funding led by new investor Swiggy. The round also saw investment from TVS Motor Company, along with existing investors Westbridge, Shell Ventures and Nexus Ventures, the company said in a statement. The funds would be used to bolster technology, amplify and strengthen teams across diverse sets of capabilities, and increase overall supply to create an enhanced consumer experience across a larger audience base in metros, tier I,…