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Oil prices hit a 10-month high of nearly USD 90 per barrel New Delhi: Oil prices hit a 10-month high of nearly USD 90 per barrel as Saudi Arabia and Russia extended their voluntary production and export cuts until the end of the year. For a nation that is more than 85 per cent dependent…
Read More “Oil Nears $90 For First Time In 2023, Fuel Price Unlikely To Change In India” »
SpiceJet stock rallied amid reports that nearly 3 per cent equity changed hands at the BSE. New Delhi: Shares of SpiceJet were in heavy demand today and jumped 20 per cent to hit the upper circuit limit. The stock rallied amid reports that nearly 3 per cent equity changed hands at the BSE. On Monday,…
Read More “SpiceJet Shares Rally 20%, Hit Upper Circuit Limit” »
The government on Wednesday approved ₹3,760 crore for viability gap funding of up to 40% of total capital cost to set up 4,000 MWh battery energy storage system in the country, Union minister Anurag Thakur said. The entire ₹3,760 crore viability gap funding (VGF) will be borne by the central government, the Information & Broadcasting…
The market capitalisation of BSE-listed firms reached a new lifetime peak of Rs 317.33 lakh crore New Delhi: The market capitalisation of BSE-listed firms reached a new lifetime peak of Rs 317.33 lakh crore on Wednesday as the benchmark Sensex maintained its winning run for the fourth day running. Fag-end buying helped the BSE Sensex…
Read More “Market Capitalisation Of BSE-Listed Firms Reach Lifetime High Of Rs 317 Lakh Crore” »
Pedestrians walk past the Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Equity benchmark indices ended in the positive territory on Wednesday on buying in HDFC Bank and a largely firm trend in Asian markets. Fag-end buying helped the BSE Sensex climb 100.26 points or 0.15% to settle at 65,880.52. During…
Read More “Markets log 4th day of rally on buying in HDFC Bank” »
The rupee settled at 83.14 (provisional) against the U.S. dollar, down 10 paise from its previous close. | Photo Credit: REUTERS The rupee depreciated by 10 paise and settled for the day at an all-time low of 83.14 (provisional) against the U.S. dollar on Wednesday, weighed down by a surge in crude oil prices and…
Read More “Rupee falls 10 paise to close at all-time low of 83.14 against U.S. dollar” »
Rupee settled at 83.14 (provisional) against the US dollar, down 10 paise from its previous close. New Delhi: The rupee depreciated by 10 paise and settled for the day at an all-time low of 83.14 (provisional) against the US dollar today, weighed down by a surge in crude oil prices and strong American currency. Forex…
Read More “Rupee Falls 10 Paise To Close At All-Time Low Of 83.14 Against US Dollar” »
Tata Group’s consumer unit is in talks to buy at least 51% of popular snack food maker Haldiram’s New Delhi: Tata Group’s consumer unit is in talks to buy at least 51% of popular snack food maker Haldiram’s but is not comfortable with the $10 billion valuation sought, two people briefed on the matter said….
Read More “Tata Seeks Control Of Haldiram’s, Snack Maker Wants $10 Billion Valuation: Report” »
File photo of the SEBI headquarters in Mumbai | Photo Credit: Reuters Markets regulator SEBI will introduce one-hour trade settlements by the end of this fiscal, in the run up to making such processes instantaneous, a top official said on Tuesday. Amid concerns raised by certain foreign portfolio investors on the shortening of the settlement…
Vivek Joshi. File. | Photo Credit: KAMAL NARANG Financial Services Secretary Vivek Joshi on September 5 said the credit market, led by the digital lending segment, is on course to grow to $350 billion (around ₹3 lakh crore) by the end of the year. The digital lending segment stood at $270 billion at the end…
Read More “Credit market on course to grow to $350 billion by year-end: Vivek Joshi” »