File. | Photo Credit: C. Venkatachalapathy The rupee showed a recovery from its lower level and gained marginally by 1 paisa to 84.06 against the U.S. dollar in early trade on Monday (October 21, 2024), tracking positive cues from domestic equity markets and a soft American currency. However, sustained outflow of foreign funds and an…
The Hyundai Motor India IPO which was a 100% offer for sale by its parents opened for subscription on Tuesday in the price band of ₹1,865 and ₹1,960 per share. File. | Photo Credit: Reuters India’s biggest ever Initial Public Offering (IPO) of Hyundai Motor India Ltd., the bidding for which ended on Thursday. received lukewarm…
Jindal Group is in talks with Vitkovice Steel to acquire a 100% stake in the Czech-based company | Photo Credit: Reuters To strengthen its global presence, homegrown Jindal Group is in talks with Vitkovice Steel to acquire a 100% stake in the Czech-based company. “The group is expected to complete the acquisition by the end…
From the 30 Sensex firms, Titan, Infosys, Maruti, Nestle, ITC, Adani Ports, HDFC Bank and Hindustan Unilever were the biggest laggards | Photo Credit: Reuters Equity benchmark indices slumped in early trade on Friday (October 18, 2024), falling for the fourth day running, amid relentless foreign fund outflows and selling in Infosys shares after its…
The rupee slipped 1 paisa to 84.07 against the U.S. dollar in early trade on Friday, as the weakening American currency failed to support the local unit amid negative domestic equity markets and higher crude oil prices. Forex traders said the unabated outflow of foreign funds also weighed on the domestic unit. At the interbank…
Market benchmark indices Sensex and Nifty slumped on Thursday (October 17, 2024), taking their downward trend to the third day | Photo Credit: Getty Images Market benchmark indices Sensex and Nifty slumped on Thursday (October 17, 2024), taking their downward trend to the third day running amid unabated foreign fund outflows. Intense selling in realty,…
This is the largest IPO in the country, surpassing LIC’s initial share sale of ₹21,000 crore. | Photo Credit: Reuters The Initial Public Offering (IPO) of Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai, got fully subscribed on the third day of the bidding on Thursday (October 17, 2024). The ₹27,870…
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 103.59. | Photo Credit: The Hindu The rupee witnessed range-bound trade and appreciated 3 paise to 83.99 against the U.S. dollar in initial deals on Thursday (October 17, 2024), as suspected RBI intervention coupled with softer oil prices…
The BSE Sensex climbed 280.04 points to 81,781.40 in early trade and the NSE Nifty went up by 58.2 points to 25,029.50. | Photo Credit: PTI Market benchmark indices climbed in opening trade on Thursday (October 17, 2024) but later gave up all the initial gains and were trading lower amid unabated foreign fund outflows….
The rupee witnessed a range-bound trade and strengthened marginally by 4 paise to 84 (provisional) against the U.S. dollar on Wednesday (October 16, 2024) as easing crude oil prices supported investor sentiments. | Photo Credit: Reuters The rupee witnessed a range-bound trade and strengthened marginally by 4 paise to 84 (provisional) against the U.S. dollar…
