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US Treasury yields surge past 1.6%. Why stock market investors are worried Premium The rout comes as investors continue to reprice expectations for Fed hikes as the vaccine rollout and the prospect of additional stimulus foster a rosier outlook for the economy. (REUTERS) . Updated: 26 Feb 2021, 08:50 AM IST Bloomberg The surge in yields is hurting riskier assets. Emerging-market currencies such as the South African rand and Mexican peso sold off sharply against the dollar, and the S&P 500 Index dropped 2.5% Share Via Read Full Story Yields on U.S. government debt blew past another set of c...

Infra.Market turns unicorn with funds from Tiger Global, others The startup has been profitable since 2016 and in FY20 it posted a net profit of ₹8 crore. iStockphoto 1 min read Share Via Read Full Story Infra.Market, a B2B startup catering to the construction and infrastructure sector, has joined the coveted unicorn club after raising $100 million (approximately ₹724 crore) in a Series C round led by existing investor Tiger Global. The startup took less than 20 months to touch the $1 billion valuation since raising seed round from Accel Partners in 2019. Accel Partners also participate...

US unemployment claims fell sharply last week File Photo: The recent level of applications is well down from a peak of near seven million last spring (AFP)Premium Eric Morath , The Wall Street Journal Share Via Read Full Story The jobs market appears to be returning to growth, with new applications for unemployment benefits falling to the lowest level since November amid other signs hiring is picking up. Initial weekly unemployment claims decreased by 111,000 to a seasonally adjusted 730,000 last week, the Labor Department said Thursday. It was also the biggest drop in new applications for ...

Embassy Group aims to complete merger of certain projects with IBREL this year Premium Under the terms of the agreement, the IBREL's shares are being valued at Rs92.5 per share. 1 min read . Updated: 26 Feb 2021, 12:27 PM IST PTI CCI approves the proposed merger of Embassy group firms NAM Estates and Embassy One Commercial Property Developments with Indiabulls Real Estate Share Via Read Full Story NEW DELHI : Realty firm Embassy Group on Thursday said it expects to complete the process of merger of its certain housing and commercial projects with the Indiabulls Real Estate by the end of thi...

'Nickel is our biggest concern’: Elon Musk on Tesla now producing cars with iron batteries A file photo of Tesla CEO Elon Musk. (REUTERS)Premium The metal has rallied 16% this year on the London Metal Exchange Share Via Read Full Story Tesla is planning to shift some of its cars to a type of battery that uses iron instead of nickel, the company's chief executive officer Elon Musk said on Thursday. "Nickel is our biggest concern for scaling lithium-ion cell production. That’s why we are shifting standard range cars to an iron cathode. Plenty of iron (and lithium)!" Musk wrote on Twitter.