Category: Business

Business

Markets snap record-breaking rally as profit-booking hammers banking, finance stocks

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In the past four trading days, the BSE benchmark jumped 2,033.28 points or 2.63%. File. | Photo Credit: ANI Market benchmarks Sensex and Nifty halted their three-day record-hitting rally to close with losses on June 28 as investors booked profit in banking, finance and tech stocks despite a positive trend in global equities. Snapping a…

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Rupee rises seven paise to close at 83.38 against U.S. dollar

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On June 27, the Rupee appreciated 12 paise to settle at 83.45 against the U.S. dollar. | Photo Credit: The Hindu The Rupee appreciated seven paise to settle at 83.38 (provisional) against the U.S. dollar on June 28 backed by renewed foreign fund inflows. Forex traders said the strength of the American currency in the…

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Rupee rises 8 paise to 83.37 against U.S. dollar in early trade

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Image used for representational purpose. | Photo Credit: Reuters The rupee appreciated 8 paise to 83.37 against the U.S. dollar in early trade on June 28, supported by a positive trend in domestic equities and foreign fund inflows. Forex traders said the strength of the American currency in the overseas market and elevated crude oil…

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Bharti Airtel announces 10-21% hike in mobile tariffs from July 3

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A Bharti Airtel building is pictured in Gurugram on the outskirts of New Delhi. | Photo Credit: REUTERS Bharti Airtel on Friday, June 28, 2024, announced between 10-21 per cent hike in mobile tariffs, a day after larger rival Reliance Jio announced an increase in rates. Airtel, in a release, said that the revision in…

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Sensex, Nifty hit new all-time high levels in early trade

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Bombay Stock Exchange (BSE). | Photo Credit: REUTERS Benchmark indices Sensex and Nifty hit their new all-time high levels in early trade on June 28 amid a rally in global markets, buying in Reliance Industries and fresh foreign fund inflows. The 30-share BSE Sensex jumped 308.49 points to hit a fresh record peak of 79,551.67….

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Infosys CEO settles insider trading case with Sebi; pays ₹25 lakh

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Infosys CEO and Managing Director Salil Parekh. File | Photo Credit: Reuters Infosys CEO Salil Parekh settled charges for failing to place adequate internal controls to prevent insider trading at India’s No.2 IT services exporter during a 2020 contract, the country’s markets regulator said on Thursday. Mr. Parekh agreed to pay 2.5 million rupees (around…

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‘Global conclave to boost recycled plastics to be held in Delhi’

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Projecting that the plastic recycling industry would grow to $6.9 billion by 2033, the All India Plastic Manufacturers’ Association (AIPMA) and the Chemicals and Petrochemicals Association (CPMA), have announced to organise a Global Conclave on Plastics Recycling and Sustainability (GCPRS), from July 4 to 7 at Bharat Mandapam in Pragati Maidan, Delhi. The Conclave will…

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Jio limits free 5G access, to raise mobile services rates by 12-27% from July 3

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This is the first hike in mobile services rates by Jio after a gap of about two-and-a-half years. Jio has over 47 crore mobile subscribers accounting for about 41% market share. File. | Photo Credit: Reuters The country’s top telecom operator Jio will increase mobile services rates by 12-27% from July 3 and at the…

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Rupee rises 13 paise to close at 83.44 against U.S. dollar

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The rupee appreciated 13 paise to settle at 83.44 (provisional) against the U.S. dollar on June 27, supported by a positive trend in equity markets and favourable domestic macroeconomic profile. | Photo Credit: REUTERS The rupee appreciated 13 paise to settle at 83.44 (provisional) against the U.S. dollar on June 27, supported by a positive…

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