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At the interbank foreign exchange market, the local unit opened at 83.29, registering a gain of two paise from its previous close. | Photo Credit: The Hindu The Rupee was trading in a narrow range against the U.S. dollar in early trade on April 24, as the support from positive domestic equities was negated by…
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Mahindra Finance on April 23 said it had in March detected about ₹150 crore fraud in its loan portfolio at one of its branches and has postponed finalisation of results for the fourth quarter and also for the financial year till May 30. Mahindra & Mahindra Financial Services board was scheduled to meet on Tuesday…
Technology veteran C.P. Gurnani. File. | Photo Credit: NAGARA GOPAL Rahul Bhatia-led diversified InterGlobe Enterprises has partnered with technology veteran C.P. Gurnani’s Assago to launch an artificial intelligence business venture AIonONS that will provide various solutions as well as look to partner with startups. InterGlobe has a significant presence in the Travel, Transportation, Logistics, and…
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Dr. Reddy’s Laboratories Ltd on Tuesday announced that it is voluntarily recalling six lots of Sapropterin Dihydrochloride Powder for Oral Solution 100 mg in the U.S. due to powder discoloration in some packets, leading to decreased potency. The issue was discovered during an accelerated stability test in addition to customer complaints. As per a release…
Representational file image. | Photo Credit: B. Jothi Ramalingam Extreme weather conditions may pose a risk to inflation, along with prolonged geopolitical tensions that could keep crude oil prices volatile, the Reserve Bank’s April Bulletin said on April 23. The retail based on the Consumer Price Index (CPI) has eased to 4.9% in March after…
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Debt-laden telecom operator Vodafone Idea Ltd. has raised ₹18,000 crore. | Photo Credit: Reuters Telecom operator Vodafone Idea’s (VIL) board has fixed the follow-on public offering (FPO) offer price at ₹11 per equity share, according to a regulatory filing. The anchor investor offer price of ₹11 per equity share has also been greenlit by the…
Read More “Vodafone Idea approves offer price of ₹11 per equity share for ₹18,000 cr-FPO” »
Boxes of Everest fish curry masala are stacked on the shelf of a shop at a market in Srinagar | Photo Credit: Reuters India, the world’s largest producer, consumer and exporter of spices, has sought details from food safety regulators of Singapore and Hong Kong, which has banned certain spices of Indian brands MDH and…
File. | Photo Credit: C. Venkatachalapathy The rupee appreciated by 3 paise to close at 83.33 (provisional) against the U.S. dollar on April 23 on positive domestic markets and a soft American currency. At the interbank foreign exchange market, the local unit opened at 83.37 against the greenback. The unit hit an intra-day high of…
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File. | Photo Credit: PTI Equity benchmark indices Sensex and Nifty closed higher for the third session in a row on April 23, following gains in telecom, tech and consumer durable shares amid a firm trend in the global markets. After rallying over 400 points, the 30-share BSE Sensex ended 89.83 points or 0.12% higher…
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A logo of the Adani Group | Photo Credit: Reuters India’s markets regulator found a dozen offshore funds invested in Adani Group companies were in violation of disclosure rules and in breach of investment limits, two people with direct knowledge of the matter said on April 22. They declined to be named as they not…
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