Business Brief:Dubai crypto exchange loses $1.5bn in largest cyber heist ever; Zomato, Jio Financial to enter Nifty; Silver becomes cheaper – CarbonMedia
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Business Brief:Dubai crypto exchange loses $1.5bn in largest cyber heist ever; Zomato, Jio Financial to enter Nifty; Silver becomes cheaper

Here's a brief outlook on today’s key events and a recap of Saturday’s major business news highlights. Key Events to Watch Today Here’s a summary of the major developments on Saturday: 1. Dubai crypto exchange loses $1.5bn in largest cyber heist ever: Hackers followed Bangladesh's cyber theft pattern and exploited Ethereum wallet Dubai-based cryptocurrency exchange Bybit has reported a massive security breach, with hackers stealing 1.5 billion dollars worth of digital assets which could be the biggest cryptocurrency theft in history. Read full news here 2. Zomato, Jio Financial to enter Nifty: JM Financials pegs $1,106 million inflows; BPCL, Britannia Industries to make way Zomato and Jio Financial Services will become a constituent of the benchmark indices of the National Stock Exchange (NSE). In the upcoming semi-annual rejig, Zomato and Jio Financial will enter the Nifty-50 index. These changes will be effective from March 28, 2025. Both companies will replace Bharat Petroleum Corporation Limited (BPCL) and FMCG company Britannia Industries. Read full news here 3. Gautam Adani's net worth falls by ₹1 lakh crore: Slips to 23rd rank in Bloomberg Billionaires Index; Musk too becomes poorer The net worth of Adani Group, chairman, Gautam Adani has decreased by ₹1.03 lakh crore this year from January 1, 2025 until now. In the list of the world's richest people, Gautam Adani's net worth has fallen the most after Elon Musk. According to the Bloomberg Billionaires Index, Adani is ranked 23rd with a wealth of ₹5.8 lakh crore. Read full news here 4. Gold prices surge ₹94 in a week, silver down ₹806: Yellow metal rallies 13% YTD; analysts predict further upside Last week saw a rise in gold prices. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold was ₹85,998 on February 15, which climbed to ₹86,092 as of February 22—an increase of ₹94 in one week. On the contrary, silver prices skidded by ₹806, reaching ₹97,147 per kilogram, up from ₹97,953 per kg last Saturday. Read full news here 5. Reliance to set up 10 Bio-CNG plants in MP: 5 plants launching this year, ₹35,000 crore investment; govt incentives to boost green energy Mukesh Ambani’s Reliance Industries is set to make a significant investment in bio-CNG production in Madhya Pradesh, constructing 10 Compressed Bio Gas (CBG) plants across the state. Read full news here