News

The project having carpet area for sale of 6 lakh sq. ft. is expected to generate approximately Rs 3,000 crore over next 4 to 5 years

Man Infraconstruction’s subsidiary — MICL Properties LLP is jointly developing an ultra-luxurious residential high rise tower at Tardeo, next to Bhatia Hospital, Mumbai under asset-light Development Management (DM) model. While MICL group has a very strong real estate portfolio in the western and central suburbs of Mumbai, this project addition will establish the group’s presence in South Mumbai.

The project having carpet area for sale of 6 lakh sq. ft. is expected to generate approximately Rs 3,000 crore over next 4 to 5 years. This landmark Project will be one of the tallest residential structures in India having proposed height of around 250 plus mtrs. Apart from managing the design, sales and marketing of the Project, the company will also execute the construction work leading to timely delivery of the project.

Man Infraconstruction (MICL) is an India-based company engaged in the business of civil construction. The Company’s operations consist of construction / project activities/real estate activities.

Source: https://www.sharesbazaar.com/news/view/877932

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  • Ethereum-Powered NFT-Based Game Axie Infinity ($AXS) Very Popular in Emergent Nations
  • Source: https://cryptoperks.net/en/archive-news/2021-11-07

    Here’s What Sumner Posted To Instagram After Being Traded From The Pacers

    Edmond Sumner was traded to the Brooklyn Nets earlier in the week, and after the trade he posted photos with a long caption to his Instagram page.

    A screenshot of the caption he put on is post next to his photos (his Instagram is private, so the actual post cannot be embedded) can be seen captured below.

    Screenshot captured from Edmond Sumner's Instagram post.

    Screenshot captured from Edmond Sumner’s Instagram post.

    The caption said: “Thank you @pacers for making my dream come true. That moment in life I’ll never forget. Last 5 years have been great here. The fans here are amazing. The amount of love I’ve been getting keeps the smile wide. I’ve grown so much on and off the court because of the Pacers and Indy, which makes this a bittersweet moment. But it’s God’s plan. Chin up always I been beat the odds 🙏🏾 been through too much to let any of it keep me down. Ready for the next chapter 💯🙌🏾”

    Sumner has been in the NBA for four seasons, and all four years have been in Indiana with the Pacers.

    Last year he averaged a career-high in both points (7.5 PPG) and rebounds (1.8 RPG).

    ESPN’s Adrian Wojnarowski was the first to report the trade on Tuesday, and he also added to his report (see Tweet below) that the Nets will waive Sumner who is out for the season with an Achilles injury.

    The official announcement from the Pacers about the trade can be seen in a post that is embedded below from the team’s Twitter account on Wednesday.

    Source: https://www.si.com/nba/pacers/news/nba-trade-news-check-out-what-this-player-wrote-on-instagram-after-being-traded-to-the-brooklyn-nets

    Here’s How Your Trade Nektar Therapeutics (NKTR) Aggressively Right Now

    Nektar Therapeutics (NASDAQ:NKTR) went down by -4.27% from its latest closing price compared to the recent 1-year high of $26.75. The company’s stock price has collected -8.13% of loss in the last five trading sessions. Press Release reported on 08/05/21 that Nektar Therapeutics Reports Second Quarter 2021 Financial Results

    Is It Worth Investing in Nektar Therapeutics (NASDAQ :NKTR) Right Now?

    Plus, the 36-month beta value for NKTR is at 1.45. Opinions of the stock are interesting as 6 analysts out of 15 who provided ratings for Nektar Therapeutics declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”

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    The average price from analysts is $29.83. NKTR currently public float of 180.73M and currently shorts hold a 9.94% ratio of that float. Today, the average trading volume of NKTR was 853.52K shares.

    NKTR’s Market Performance

    NKTR stocks went down by -8.13% for the week, with a monthly drop of -15.98% and a quarterly performance of -22.72%, while its annual performance rate touched -29.66%. The volatility ratio for the week stands at 4.10% while the volatility levels for the past 30 days are set at 3.59% for Nektar Therapeutics. The simple moving average for the period of the last 20 days is -10.77% for NKTR stocks with a simple moving average of -22.71% for the last 200 days.

    Analysts’ Opinion of NKTR

    Many brokerage firms have already submitted their reports for NKTR stocks, with Stifel repeating the rating for NKTR by listing it as a “Buy.” The predicted price for NKTR in the upcoming period, according to Stifel is $24 based on the research report published on June 28th of the current year 2021.

    Goldman, on the other hand, stated in their research note that they expect to see NKTR reach a price target of $24. The rating they have provided for NKTR stocks is “Neutral” according to the report published on May 18th, 2021.

    NKTR Trading at -14.42% from the 50-Day Moving Average

    After a stumble in the market that brought NKTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.36% of loss for the given period.

    Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 4.10%, as shares sank -12.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.63% lower at present.

    During the last 5 trading sessions, NKTR fell by -8.13%, which changed the moving average for the period of 200-days by -18.19% in comparison to the 20-day moving average, which settled at $15.98. In addition, Nektar Therapeutics saw -15.59% in overturn over a single year, with a tendency to cut further losses.

    Insider Trading

    Reports are indicating that there were more than several insider trading activities at NKTR starting from CHESS ROBERT, who sale 91 shares at the price of $16.80 back on Jul 22. After this action, CHESS ROBERT now owns 280,573 shares of Nektar Therapeutics, valued at $1,529 using the latest closing price.

    CHESS ROBERT, the Director of Nektar Therapeutics, sale 3,524 shares at $16.81 during a trade that took place back on Jul 21, which means that CHESS ROBERT is holding 280,573 shares at $59,238 based on the most recent closing price.

    Stock Fundamentals for NKTR

    Current profitability levels for the company are sitting at:

    • -248.45 for the present operating margin
    • +81.21 for the gross margin

    The net margin for Nektar Therapeutics stands at -290.65. The total capital return value is set at -23.35, while invested capital returns managed to touch -29.84. Equity return is now at value -45.70, with -32.30 for asset returns.

    Based on Nektar Therapeutics (NKTR), the company’s capital structure generated 29.74 points at debt to equity in total, while total debt to capital is 22.92. Total debt to assets is 20.82, with long-term debt to equity ratio resting at 28.45. Finally, the long-term debt to capital ratio is 21.93.

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    When we switch over and look at the enterprise to sales, we see a ratio of 15.00, with the company’s debt to enterprise value settled at 0.14. The receivables turnover for the company is 3.79 and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.83.

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    Source: https://newsheater.com/2021/08/12/heres-how-your-trade-nektar-therapeutics-nktr-aggressively-right-now/

    Cryptocurrencies archive news by date

    Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer

    Source: https://www.crypto-follow.com/en/archive-news/2021-07-03

    Stock futures cautious; Jobs report, Virgin Galactic, Robinhood IPO, and more

    stock futures

    All eyes on June nonfarm payrolls

    U.S. stock futures were trading mostly cautiously in pre-market trading for Friday as trades wait for the most closely watched economic data of the month.

    As of 5:25 a.m. ET, the tech-heavy Nasdaq 100 futures indicated a gain of 17.25 points, or 0.12% to 14,565.75. Futures tied to the blue-chip Dow and the S&P 500 were flat.

    The main focus today will be the June jobs report from the U.S. Department of Labor. The report is an important indicator of the health of the U.S. economy and could influence the Federal Reserve’s policy tapering and rate-hike plans.

    Economists estimate the economy gained 700,000 new jobs in June compared with 559,000 jobs in May. The unemployment rate is expected to have dipped to 5.7% last month from 5.8% in May.

    Robinhood files for Nasdaq IPO

    Robinhood has filed an S-1 prospectus for an IPO with the U.S. Securities and Exchange Commission, and it plans to list its shares on the Nasdaq Stock Market under the ticker symbol “HOOD.”

    The popular stock trading appsaid in the filing that it intends to sell $100 million of stock through its IPO, although that figure is likely a placeholder and could change.

    According to the filing, Robinhood had a net income of $7.45 million and revenue of $959 million last year, up from a net loss of $107 million and revenue $278 million in 2019.

    The company, which has been accused of operational and regulatory lapses in recent months, is reportedly targeting an IPO valuation of over $40 billion.

    Virgin Galactic rockets 29% as Branson announces trip to space

    Meanwhile, shares of Virgin Galactic (NYSE: SPCE) in premarket trading Friday after founder Sir Richard Branson challenged rival Jeff Bezos yesterday, tweeting that he too will fly to Space as soon as July 11.

    “I’ve always been a dreamer. My mum taught me to never give up and to reach for the stars. On July 11, it’s time to turn that dream into a reality aboard the next @VirginGalatic spaceflight,” Branson tweeted.

    Virgin Galactic said Branson will be part of a “remarkable crew of mission specialists” that will fly to space aboard the company’s suborbital rocket-powered spacecraft, VSS Unity. The trip is scheduled to take place take as early as July 11, “pending weather and technical checks.”

    Last month, Blue Origin founder Bezos announced he would go to space on July 20.

    As of this writing, Virgin Galactic stock was up $12.71, or 29.43% to $55.90 per share.

    The main focus today will be the June jobs report from the U.S. Department of Labor. The report is an important indicator of the health of the U.S. economy and could influence the Federal Reserve’s policy tapering and rate-hike plans.

    Source: https://warriortradingnews.com/2021/07/02/stock-futures-cautious-jobs-report-virgin-galactic-robinhood-ipo-and-more/

    China to Limit Daily Price Swings in National Emissions Trading to 10% -Media

    BEIJING (Reuters) – China’s national emission trading scheme (ETS) will initially set daily trading limits at 10% of prices when it comes on line late in June, according to a report in the Securities Times citing the chairman of the exchange that will host the trading.

    In its first phase, China’s long-awaited national ETS, seen as a key Beijing policy lever to achieve the country’s net-zero emission pledge, will cover some 2,225 power plants across China, responsible for about 4 billion tonnes of carbon emission each year.

    The Securities Times cited Lai Xiaoming, the Chairman of the Shanghai Environment and Energy Exchange, in its report. Lai also said limits for block deals in national ETS will be set at 30% of price moves at the beginning, and adjusted in accordance to market movements.

    While Lai’s exchange will host trading, the Wuhan exchange will manage the ETS registry platform.

    Financial institutions or individual investors will not be allowed to participate in trading in the early stage of the national ETS, restricted to carbon-emitting utilities, but as soon as the trading mechanism matures, institution investors would be included, said Lai.

    At a conference last Saturday, Lai said China is looking to bring two more sectors into carbon emission verification this year and include them into the national ETS next year.

    China had aimed to cover eight high-emission industries, including petrochemicals, chemicals, building materials, non-ferrous, papermaking, steel, power generation and aviation, into the national trading scheme.

    (Reporting by Muyu Xu and David Stanway; Editing by Kenneth Maxwell)

    Copyright 2021 Thomson Reuters.

    Financial institutions or individual investors will not be allowed to participate in trading in the early stage of the national ETS, restricted to carbon-emitting utilities, but as soon as the trading mechanism matures, institution investors would be included, said Lai.

    Source: https://money.usnews.com/investing/news/articles/2021-05-28/china-to-limit-daily-price-swings-in-national-emissions-trading-to-10-media

    Why Mark Cuban Sees Cryptocurrencies, Including Dogecoin, As ‘Evolving In Real Time’

    Dallas Mavericks proprietor Mark Cuban believes that cryptocurrencies, together with Dogecoin (DOGE), are “evolving in actual time” and their costs at the moment are extra a mirrored image of actual demand than a guess on the long run.

    What Occurred: Cuban, an enormous advocate of Dogecoin and different cryptocurrencies, stated on Twitter that crypto is within the part the place customers must be educated, whereas merchandise must be offered and ship on their preliminary guarantees.

    See Additionally: How to Buy Dogecoin (DOGE)

    Crypto is a product pushed enterprise. Every platform has to create demand for it is merchandise/functions that outperform the non crypto equivalents. Like several enterprise, it wants prospects, gross sales and income.

    — Mark Cuban (@mcuban) May 15, 2021

    The NBA proprietor famous that cryptocurrencies should have a present community impact and vital consumer development to make an affect. Simply having extra transactions per second (TPS) and decrease gasoline charges shouldn’t be sufficient, the billionaire investor added.

    Nevertheless, advertising within the crypto universe is “past terrible” with little being achieved to emphasize the affect governance can have on platforms, in keeping with the “Shark Tank” fame investor.

    See Additionally: Bitcoin Still Has Upper Hand Over Tesla Shares, Says Analyst Who Predicted Rise To $50K

    Why It Issues: Cuban has supported Dogecoin whereas additionally acknowledging the cryptocurrency’s joke origin. In March, the Dallas Mavericks started to just accept the meme cryptocurrency as a method of funds for Mavs tickets and merchandise. Cuban revealed in April that Maverick’s sales in Dogecoin jumped up over 550% in comparison with the prior month.

    Cuban stated earlier this month that he believes Dogecoin has the potential to change into a useful currency if extra corporations undertake the Shiba Inu-themed cryptocurrency for his or her services.

    Apparently, Cuban’s newest feedback come after Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk stated final week that the electrical automobile maker will no longer accept Bitcoin (BTC) for automobile purchases as a consequence of issues in regards to the cryptocurrency’s environmental affect. Musk additionally stated Tesla “was other cryptocurrencies that use <1% of Bitcoin’s vitality/transaction.”

    Bitcoin has misplaced 8.6% through the previous 24 hours and is buying and selling at $44,003.78 at press time, whereas Dogecoin is down 10.3% and is buying and selling at $0.4825 at press time.

    Learn Subsequent: Ethereum Co-Founder Vitalik Buterin Burns 410 Trillion Shiba Inu Tokens. Is The Dogecoin Clone Set For Another Bull Run?

    Source: https://cryptoinnews.com/2021/05/17/why-mark-cuban-sees-cryptocurrencies-including-dogecoin-as-evolving-in-real-time/

    Here’s How Your Trade Alliant Energy Corporation (LNT) Aggressively Right Now

    Alliant Energy Corporation (NASDAQ:LNT) went up by 1.73% from its latest closing price compared to the recent 1-year high of $58.10. The company’s stock price has collected 2.15% of gains in the last five trading sessions. Press Release reported 5 hours ago that Alliant Energy Announces First Quarter 2021 Results

    Get the hottest stocks to trade every day before the market opens 100% free. Click here now. Is It Worth Investing in Alliant Energy Corporation (NASDAQ :LNT) Right Now?

    Alliant Energy Corporation (NASDAQ:LNT) scored a price-to-earnings ratio above its average ratio, recording 22.88 x from its present earnings ratio. Plus, the 36-month beta value for LNT is at 0.33. Opinions of the stock are interesting as 6 analysts out of 10 who provided ratings for Alliant Energy Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”

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    The average price from analysts is $58.00, which is $0.99 above the current price. LNT currently public float of 249.43M and currently shorts hold a 1.60% ratio of that float. Today, the average trading volume of LNT was 1.45M shares.

    LNT’s Market Performance

    LNT stocks went up by 2.15% for the week, with a monthly jump of 4.01% and a quarterly performance of 14.39%, while its annual performance rate touched 22.53%. The volatility ratio for the week stands at 1.86% while the volatility levels for the past 30 days are set at 1.48% for Alliant Energy Corporation. The simple moving average for the period of the last 20 days is 1.52% for LNT stocks with a simple moving average of 7.63% for the last 200 days.

    Analysts’ Opinion of LNT

    Many brokerage firms have already submitted their reports for LNT stocks, with Wolfe Research repeating the rating for LNT by listing it as a “Outperform.” The predicted price for LNT in the upcoming period, according to Wolfe Research is $56 based on the research report published on February 03rd of the current year 2021.

    BMO Capital Markets, on the other hand, stated in their research note that they expect to see LNT reach a price target of $54. The rating they have provided for LNT stocks is “Market Perform” according to the report published on December 22nd, 2020.

    Barclays gave a rating of “Equal Weight” to LNT, setting the target price at $56 in the report published on September 21st of the previous year.

    LNT Trading at 6.70% from the 50-Day Moving Average

    After a stumble in the market that brought LNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.63% of loss for the given period.

    Volatility was left at 1.48%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares surge +4.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.02% upper at present.

    During the last 5 trading sessions, LNT rose by +2.15%, which changed the moving average for the period of 200-days by +11.51% in comparison to the 20-day moving average, which settled at $55.85. In addition, Alliant Energy Corporation saw 9.78% in overturn over a single year, with a tendency to cut further gains.

    Stock Fundamentals for LNT

    Current profitability levels for the company are sitting at:

    • +21.66 for the present operating margin
    • +24.82 for the gross margin

    The net margin for Alliant Energy Corporation stands at +18.27. The total capital return value is set at 5.90, while invested capital returns managed to touch 5.27. Equity return is now at value 10.90, with 3.50 for asset returns.

    Based on Alliant Energy Corporation (LNT), the company’s capital structure generated 122.83 points at debt to equity in total, while total debt to capital is 55.12. Total debt to assets is 39.42, with long-term debt to equity ratio resting at 119.97. Finally, the long-term debt to capital ratio is 52.01.

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    When we switch over and look at the enterprise to sales, we see a ratio of 5.91, with the company’s debt to enterprise value settled at 0.36. The receivables turnover for the company is 8.39 and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.68.

    Click here to get the full story

    Source: https://newsheater.com/2021/05/07/heres-how-your-trade-alliant-energy-corporation-lnt-aggressively-right-now-2/

    This crypto claims to solve bitcoin’s biggest problem

    New York (CNN Business)Bitcoin may be the king of cryptocurrencies, but it’s facing an environmental backlash over the energy-intensive technology underpinning it.

    A new crypto called chia says it’s the eco-friendly alternative.

    Like most digital currencies, chia runs on a decentralized ledger system known as blockchain. But unlike bitcoin, chia, which was founded by the inventor of BitTorrent, claims it has a much smaller carbon footprint with its mining process of verifying and recording transactions.

      Chia logged its first trades this week, joining a crowded crypto scene at a time of frenzied investor interest in alternative digital assets.

        What is chia?

        The Chia Network created the coin in 2017 with a focus on the environmental implications of digital currency “mining” — the highly specialized, energy-intensive computing process that creates new coins by solving complex equations.

        The key difference between chia and other cryptos, according to its founders, is its “proofs of space and time” method of verifying transactions that utilizes unused disk space on users’ hard drives and is more energy-efficient than bitcoin’s “proof of work” model.

        The Chia Network was founded by Bram Cohen, who also invented the peer-to-peer file-sharing system BitTorrent, and has already won backing from prominent investors such as Andreessen Horowitz and Naval Ravikant.

        How does the process work?

        Every cryptocurrency has its own method for verifying transactions, typically by using the collective computer power of miners, who are paid for their help in cryptocurrency. The chia mining process, which the Chia Network calls “farming,” relies on using empty computer storage space instead.

        Chia’s “proof of space and time” process allows network participants to show that they have been physically storing data over a certain period of time, according to Coin Market Cap.

        This doesn’t resemble the mining process of cryptocurrencies like ethereum, for example. In its current iteration, ethereum uses proof-of-work, which requires a massive amount of computer power to harvest and mine the decentralized coin. The proposed ethereum 2.0, however, would use a proof-of-stake model, which is allegedly more energy-efficient.

        Part of the appeal of cryptocurrencies is that people can send or receive money without the involvement of traditional banks or government bodies, unlike a fiat currency controlled by a central bank. All transactions are verified and recorded by huge networks of computers, using a database called blockchain. Typically that process requires a huge amount of electricity to power those computers — some estimates put bitcoin mining’s carbon dioxide output as equivalent to New Zealand’s.

        Cohen told CNN Business he hopes to have chia listed on crypto exchanges soon, including Coinbase, the digital currency exchange that went public in April.

        Ready to ‘farm’?

        Chia is meant to be accessible.

        “We’ve designed our software with the intention of it being usable by anyone who can use the internet,” Cohen told CNN Business. Since “farming” doesn’t require massive amounts of power, Cohen said “it can be done in a normal apartment.”

        The Chia Network has a blockchain transaction platform called Mainnet, which can be downloaded on the network’s website, chia.net. To start farming, you have to download the program to your computer and allocate a certain amount of space to the network through the user interface.

        “It involves completely normal hardware rather than super custom and expensive stuff,” Cohen said. “Most people have some amount of unused storage space they can do it with already.”

        And since “farming” doesn’t use a ton of energy, you can fire up your laptop and get to work. Some other cryptocurrency mining processes, however, require complex machinery and will send your electricity bill through the roof.

        Bitcoin miners typically have to have their machines running 24/7 “to have the best odds of getting a return on the investment and maximize profitability,” digital currency economist Alex de Vries told CNN Business.

        Will it save energy?

        The chia “farming” process is a greener mining alternative, but it does still require electricity.

          When it comes to cryptos, “environmentally friendly” is a “relative term,” said Nick Spanos, CEO of Blockchain Technologies Corp, a software company. Computers need power to run, and natural resources are used to build hard drives, “much in the same way that electric vehicles and windmills still require too much resources to truly be environmentally friendly.”

          “Plotting,” the process of creating files that are later harvested as part of the farming process, still uses computer hard drive space and CPU power, but it requires significantly less energy than what is required for the mining process for other proof-of-work cryptocurrencies.

          Source: https://www.cnn.com/2021/05/06/investing/green-cryptocurrency-chia/index.html