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Rupee rises 28 paise to close at 82.71 against U.S. dollar

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Rupee rises 28 paise to close at 82.71 against U.S. dollar

The rupee strengthened for the second consecutive session and appreciated by 28 paise, registering the highest single-day gain in nearly two months, to close at 82.71 (provisional) against the U.S. dollar on Wednesday. Forex traders said IPO-driven inflows and positive tone in the domestic markets supported the upward move. Softening of crude oil prices also…

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Business

QIA to invest $1 billion in India’s Reliance Retail Ventures

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QIA to invest billion in India’s Reliance Retail Ventures

Representational file image | Photo Credit: Reuters Qatar Investment Authority will invest ₹82.78 billion ($1 billion) in Reliance Retail Ventures, the retail arm of India’s Reliance Industries , at a pre-money equity value of ₹8.28 trillion, the companies said on August 23. Reliance Retail Ventures has previously raised about ₹472.65 billion from various global investors,…

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Business

Stock markets close higher on buying in banks, firm trends in European indices

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Stock markets close higher on buying in banks, firm trends in European indices

File. | Photo Credit: Arunangsu Roy Chowdhury Benchmark Sensex rose by 213 points while Nifty settled above the 19,400 level on August 23 following buying in banking counters and early gains in European stocks. The BSE Sensex climbed 213.27 points or 0.33% to settle at 65,433.30. During the day, it jumped 284.68 points or 0.43%…

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Business

Spicejet moves Delhi HC challenging order upholding arbitral award in favour of Kalanithi Maran

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Spicejet moves Delhi HC challenging order upholding arbitral award in favour of Kalanithi Maran

File image. | Photo Credit: Reuters Spicejet and its promoter Ajay Singh on August 23 approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund ₹579 crore plus interest to media baron Kalanithi Maran. The appeals came up before a division bench of Justices Yashwant Varma and Dharmesh…

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Business

Adani Group Posts Record Quarterly Profit In Boost To Liquidity

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Adani Group Posts Record Quarterly Profit In Boost To Liquidity

The profitability also buoyed the company’s liquidity. Adani Group posted record profit in the quarter that ended June on the back of its infrastructure and renewable energy businesses. The ports-to-power conglomerate said June quarterly earnings before interest, tax, depreciation and amortization jumped 42% from the same period a year ago to Rs 235 billion ($2.8…

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Business

Chandrayaan-3 live updates | Vikram lander successfully lands on Moon; India becomes 4th country to make soft landing on lunar surface

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Chandrayaan-3 live updates | Vikram lander successfully lands on Moon; India becomes 4th country to make soft landing on lunar surface

July 14: LVM3 M4 vehicle successfully launches Chandrayaan-3 into orbit from Sriharikota in Andhra Pradesh. Chandrayaan-3 starts its journey into precise orbit. July 15: First orbit-raising manoeuvre (Earthbound firing-1) successfully performed from ISTRAC/ISRO, Bengaluru. The spacecraft is in 41762 km x 173 km orbit. July 17: Second orbit-raising manoeuvre performed. Spacecraft is in 41603 km…

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Science

SpiceJet Goes To Court Over Rs 579 Crore Refund To Kalanithi Maran Order

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SpiceJet Goes To Court Over Rs 579 Crore Refund To Kalanithi Maran Order

SpiceJet’s counsel mentioned the matter before the bench which then listed it for hearing on Thursday. New Delhi: SpiceJet and its promoter Ajay Singh Wednesday approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund Rs 579 crore plus interest to media baron Kalanithi Maran. The appeals came…

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Business

What Are The Most Important Gold IRA Pros And Cons?

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What Are The Most Important Gold IRA Pros And Cons?

You’ve probably heard about gold IRAs if you’re planning your retirement strategy. These special retirement accounts act as an excellent alternative to diversify your portfolio and even build your wealth in the long term. However, many inexperienced investors jump right into these accounts without knowing everything about them. Not knowing what you’re dealing with can…

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Business

Chandrayaan-3 | Centre asks universities to organise special assemblies to watch Moon landing

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Chandrayaan-3 | Centre asks universities to organise special assemblies to watch Moon landing

Students in Surat hold a banner wishing successful landing of Chandrayaan-3’s on Moon’s surface | Photo Credit: PTI The Centre has asked all universities and higher education institutions, including IITs and IIMs, to organise special assemblies to watch the live-streaming of Chandrayaan-3’s landing on Moon. “The landing of India’s Chandrayaan-3 is a monumental occasion that…

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Science