#Market

.Mumbai, Maharashtra, India
Chemicals manufacturer Clean Science debuted on the bourses on Monday (Photo credit: Representational/Pixabay)

  • Clean Science and Technology IPO debuted on the stock market on Monday
  • The stock got listed at a 98.26% premium to its issue price on BSE
  • Based out of Pune, Clean Science manufactures critical specialty chemicals

.Mumbai, Maharashtra, India
Zomato founder Deepinder Goyal. (Photo credit: Twitter/@deepigoyal)

  • Zomato founder Deepinder Goyal tweeted this morning that he ordered a triple breakfast because he was stress eating
  • Encouraging and congratulatory messages poured in for Goyal ahead of Zomato's IPO launch
  • Zomato has launched a Rs9,375 crore IPO

.USA
Broadcom was accused of abusing its clout. (Photo credit: Twitter/@Broadcom)

  • Us Federal filed a proposed order to settle antitrust charges against semiconductor maker Broadcom
  • The consent order requires Broadcom to stop demanding its customers buy components
  • The company reached a similar agreement with European Commission

.Pittsburgh, PA, USA
Duolingo was launched in November 2011 in Pittsburgh, Pennsylvania. (Photo Credit: Twitter/@duolingo)

  • Duolingo's last confirmed valuation was $2.4 billion in November 2020
  • Documents show that Duolingo advertised its revenue and growth to potential investors
  • The app had grown by 97% to $55.4 million in terms of revenue in the first quarter of 2021

.New Delhi, Delhi, India
The People's Bank of China said on Wednesday that they will not accept cryptocurrencies as a form of payment(Photo Credit: Unsplash)

  • Bitcoin plunged more than 30% to $30,066 and Ethereum fell over 40% at $1,850
  • The market was also impacted  after Tesla’s decision to not accept Bitcoin as payment 
  • Both the digital coins posted the largest single-day drop since March 2020

.New Delhi, Delhi, India
Bitcoin, the largest cryptocurrency in the world, earlier slipped to a significant drop of 13%. (Photo credit: Representational image/Unsplash)

  • Investors shied away from assets considered to be at risk of any removal of monetary stimulus
  • STOXX 600 index of Europe at a 1.3% drop, which is on course to its most significant drop in over a week
  • Bitcoins's slump brought its loss from a peak $64,895 hit to $37,104 in just over a month

.Ottawa, ON, Canada
Canada has a land area of 10 million square kilometres, which is almost 40 times the area of the UK. (Photo Credit: Representational Image/Unsplash)

  • For a long time, buying land was a certain way of attaining security for the middle class
  • The housing market in Canada, in recent times, has been high in demand in the major cities
  • "For future generations, homeownership is going to look a lot more European", said an economist

.New Delhi, Delhi, India
Bitcoin is the largest cryptocurrency in the world. (Photo credit: Representational image/Unsplash)

  • Bitcoin and Erthereum share prices dropped by 28.66% and 32.13% respectively over the last week
  • The market crash followed Tesla’s decision to not accept Bitcoin as payment for its vehicles
  • Crypto market was blown with another hit as China said that it would block initial coin offerings

.Tokyo, Japan
Japanese economy was hit hard by the COVID-19 pandemic (Photo Credit: Representational Image/Pixabay)

  • Tokyo data shows Japanese economy shrank more than expected in the first quarter
  • "It may take more time to reopen a $20 trillion economy than it did to shut it down", said Fed Vice Chair Richard Clarida
  • Tokyo was put into new state of emergency in January

.Washington D.C., DC, USA
US markets were hit by a bout of profit-taking. (Picture Credits: Representational Image/Unsplash)

  • Weaker-than-expected Chinese numbers also hit at sentiment
  • US growth had accelerated more than six percent in the first quarter
  • US indices have also been benefitting from outsized earnings