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The rupee depreciated 4 paise to settle at 83.52 (provisional) against the U.S. dollar on Wednesday, weighed down by elevated crude oil prices. Forex traders said the Indian rupee depreciated on strength in crude oil prices, which touched a two-week high on Tuesday. However, a firm tone in domestic markets and favourable macroeconomic data cushioned…
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Image for representation | Photo Credit: Reuters India’s services sector growth quickened in June from May’s five-month low, amid a stronger rise in new orders and an unprecedented expansion in international sales, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services Business Activity Index rose from 60.2 in May to 60.5 in…
The rupee depreciated 5 paise to 83.53 against the US dollar in early trade on Wednesday, July 3, 2024, weighed down by the strong American currency and elevated crude oil prices. Forex traders said the rupee is trading in a narrow range as US dollar buying by oil companies and Foreign Portfolio Investors (FPIs) further…
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Brokers react after the Sensex surge in early morning trade. File photo | Photo Credit: ANI Equity benchmark indices started the trade on an optimistic note on Wednesday, July 3, 2024, with the Sensex breaching the historic 80,000-mark for the first time ever and the Nifty hitting its fresh lifetime high, amid heavy buying in…
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The Securities and Exchange Board of India (SEBI) has directed stock exchanges and other MIIs to implement a uniform and equal charge structure for all members. File | Photo Credit: Reuters Shares of stock broking firms declined on July 2, a day after markets regulator Sebi directed stock exchanges and other market infrastructure institutions (MIIs)…
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The coal stock held by coal companies witnessed a surge by June 30, reaching 95.02 MT. File | Photo Credit: G N RAO The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last fiscal, according to provisional figures of the government….
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Patanjali Ayurved Ltd (PAL) is one of the promoters of Patanjali Foods. File | Photo Credit: Reuters Edible oil major Patanjali Foods Ltd on July 1 said it will acquire Baba Ramdev-led Patanjali Ayurved’s home and personal care business for ₹1,100 crore, as part of its efforts to become a leading FMCG company. Patanjali Ayurved Ltd…
Photo used for representation purpose only. | Photo Credit: Reuters The RBI on July 2 proposed rationalising regulations that cover export and import transactions with an aim to promote ease of doing business and empower banks to provide more efficient service to their foreign exchange customers. The central bank has issued ‘Regulation of Foreign Trade…
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The rupee depreciated 6 paise to settle at 83.50 (provisional) against the U.S. dollar on Tuesday, weighed down by a strong greenback in the overseas market and elevated global crude oil prices. Besides, a muted trend in domestic equities and foreign fund outflows dented investor sentiments, forex traders said. At the interbank foreign exchange market,…
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A man walks past the logo of the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: REUTERS Equity benchmark indices Sensex and Nifty hit fresh lifetime high levels before closing flat due to profit-taking in select banking and telecom shares amid concerns over rich valuations on Tuesday. The 30-share BSE Sensex declined…
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