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Image used for representational purpose only. | Photo Credit: Reuters The rupee pared its initial losses and settled for the day on an almost flat note at 83.50 (provisional) against the U.S. dollar on July 4, resisting pressure from elevated crude oil prices. Forex traders said a positive trend in domestic equities, wherein benchmark indices…
Read More “Rupee falls 1 paisa to close at 83.50 against U.S. dollar” »
Chief Justice of India D.Y. Chandrachud with SEBI Chairperson Madhabi Puri Buch during the inauguration of new office premises of Securities Appellate Tribunal, in Mumbai, on July 4, 2024. | Photo Credit: PTI Chief Justice of India D.Y. Chandrachud on July 4 advised market regulator SEBI and the Securities Appellate Tribunal (SAT) to exercise caution…
Image for representation only | Photo Credit: Reuters The rupee depreciated 5 paise to 83.54 against the U.S. dollar in early trade on Thursday, weighed down by elevated crude oil prices. Forex traders said a positive trend in domestic equities, wherein benchmark indices touched all-time high levels and significant foreign fund inflows supported the rupee…
Read More “Rupee falls 5 paise to 83.54 against U.S. dollar in early trade” »
Brokers react as Sensex ends above 79k, Nifty 50 surpasses 24,000 for the first time, in Kolkata on July 3, 2024 | Photo Credit: ANI Equity benchmark indices Sensex and Nifty hit their lifetime peaks in early trade on Thursday, amid firm global market trends, buying in blue-chip stocks and robust FIIs inflows. The 30-share…
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Until the mid-2010s, banks used to lend massive loans to big industries. When these businesses failed, their loans turned sour. Such bad loans stayed hidden for sometime. In 2015, the Reserve Bank of India (RBI) carried out a review, following which skeletons tumbled out of the closet. The share of bad loans reached as high…
At nearly 82% of GDP, India’s public debt is very high, but the country doesn’t face debt sustainability issue on account of high growth rate and higher share of local currency debt, NCAER Director General Poonam Gupta has said. | Photo Credit: iStockphoto At nearly 82% of GDP, India’s public debt is very high, but…
Read More “India faces high debt, but sustainable for now: NCAER Director General Poonam Gupta” »
Franklin Templeton. File. Equity market returns for investors in the next three years will not be as good as the last three years, a senior official from Franklin Templeton MF said on July 3. Its chief investment officer for emerging markets equity R Janakiraman, however, told reporters that the returns will be “respectable” and outperform…
Money spinners: Sales tax collections from petro products, which constitute 7-8% of revenue, were projected to grow 3-4%. File photo. | Photo Credit: A.M.FARUQUI Revenues of India’s top 18 States are likely to grow by 8%-10% this fiscal year to about ₹38 lakh crore, accelerating from a 7.5% uptick in 2023-24, largely aided by a…
Read More “States’ GST kitty expected to rise 13%-14% this year: CRISIL” »
Renewable energy firm ACME Solar Holdings Ltd has filed preliminary papers with capital markets regulator Sebi to raise ₹3,000 crore through an initial public offering (IPO). The Gurugram-based company’s proposed IPO is a combination of fresh issue of shares worth ₹2,000 crore and an offer for sale (OFS) of shares valued ₹1,000 crore by ACME…
Read More “Renewable energy firm ACME Solar Holdings files papers for ₹3,000-crore IPO” »
A tyre manufacturing unit in Erode district in Tamil Nadu. | Photo Credit: SPECIAL ARRANGEMENT Automotive Tyre Manufacturers’ Association on July 3 said its members are witnessing a ‘severe crunch’ in the availability of domestic natural rubber and it may disrupt production unless supply issues of the raw material are addressed. Despite high prices of…
Read More “Tyre makers facing severe crunch in domestic natural rubber availability: ATMA” »
