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Hike lays off around 55 people after GST hike on online gaming
Kavin Bharti Mittal-founded Hike, which owns Rush Gaming Universe, has laid off about 55 people - m…
PTI
Bank of Japan ends decades-long negative interest policy
The Bank of Japan (BoJ) decided to end its negative short-term policy rate, which started in Januar…
Rush Gaming Universe announces whitepaper with a roadmap to create new economic opportunities for Indians
It’s the first mobile-only blockchain gaming platform to come out of India and its key challenge…
ESAF Small Finance Bank IPO subscribed 73x as QIBs rush in
The ₹463 crore ESAF Small Finance Bank’s initial public offer (IPO) was subscribed 8.3 times at the…
Kavin Bharti Mittal's Hike partners with Polygon to bring the Rush Gaming Universe onto web3
Kavin Bharti Mittal’s Rush by Hike has partnered with the layer-2 blockchain platform, Polygon. The…
EXCLUSIVE: Kavin Bharti Mittal dives into what Hike’s version of the metaverse is going to look like
Hike’s whitepaper for going web3 is set to go live next month. The process of taking Rush by Hike o…
EXCLUSIVE: Hike’s RGU hits $100 million in annualised gross revenue with eyes on $200 million by the end of the year
Hike’s mobile-only gaming platform, The Rush Gaming Universe (RGU), has hit $100 million in annuali…
Kavin Bharti Mittal’s Hike raises fresh funds for its web3 play-to-earn blockchain gaming project
The company has not disclosed the funds raised by the three investors. However, it plans to use…
Investors rush into junk bonds as corporate debt sees the biggest inflow in 3 years amid risk-on bets
Corporate bond funds saw inflows of more than $16 billion in the month to November 20, with junk bo…
Filip De Mott
FPIs rush to sell EM equities in August after US downgrade, flows positive for India
FPIs have continued to invest in high beta stocks and sectors in India despite US sovereign rating …
2 TikTokers are encouraging people to go 'soft hiking' as an alternative to extra competitive, overly difficult hiking
The coiners of the phrase told Insider they ultimately want to cultivate a community of fellow soft…
Kieran Press-Reynolds
Treasury-bond rout eases as more Fed officials hint further rate hikes may not be necessary
"I actually don't think we need to increase rates any more," Atlanta Fed President Raphael Bostic s…
Aruni Soni
A candid Kavin Mittal admits his mistakes as he reinvents Hike and plans fresh fundraising this year
Kavin Mittal, son of one of India’s richest business tycoons, is a man who has waged his own battle…
Why homeowners are rushing to turn their record amounts of equity into fast cash
They're applying for home equity lines of credit, or HELOCs, at the fastest rate in more than a dec…
Alcynna Lloyd
Wary of churn, telcos want to get users hooked onto 5G before hiking tariffs
There is a broad consensus amongst both telecom companies’ management and analysts that the sector …
The 'AI gold rush' makes today's stock market look more like the early days of the internet boom than the peak of the dot-com bubble
"The AI gold rush is a '1995 moment' akin to the start of the internet and NOT a 1999/2000 bubble m…
Matthew Fox
The housing market is seeing its worst inventory shortage in over a decade as high rates trap homeowners and slow the spring homebuying rush
Home listings dropped 7% in May to 1.4 million, the lowest number of available homes in Redfin's re…
Jennifer Sor
The Fed ramping up its intense fight against inflation this week probably won't help Americans facing skyrocketing gas and food prices
Rate hikes are the Fed's go-to tool for cooling inflation, but they have little effect on food and …
Ben Winck
Expectations for the Fed's next rate hike this month have posted the biggest swings since the start of the pandemic
Pricing in Fed fund futures went "on a wild ride" before the Fed's March meeting, said Bespoke Inve…
Carla Mozée
The Fed will be forced to surrender on rate hikes after SVB's failure, says top economist Mohamed El-Erian
A plunge in the 2-year Treasury yield following SVB's meltdown suggests market expectations that th…