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Representational image. File The rupee fell 3 paise to close at 84.32 (provisional) against the U.S. dollar on Tuesday (November 26, 2024), as the greenback strengthened on Donald Trump’s tariff plans and a muted trend in domestic equities. Forex traders said U.S. President elect Donald Trump’s comments that he would impose additional 10% tariffs on…
Read More “Rupee falls 3 paise to close at 84.32 against U.S. dollar” »
The bull statue at the Bombay Stock Exchange building, in Mumbai. | Photo Credit: PTI Benchmark indices Sensex and Nifty snapped the two-day rally and closed lower on Tuesday (November 26, 2024) in line with weak global market trends amid concerns over tariff threats by U.S. President-elect Donald Trump. In a volatile trade, the 30-share…
Read More “Sensex, Nifty snap two-day rally on weak global trends after Trump tariff threats” »
Moody’s Ratings has affirmed the ratings of seven Adani Group companies from ‘stable’ to ‘negative’. Earlier, Fitch Ratings also put the firms on a negative rating watch. File | Photo Credit: Reuters Moody’s Ratings has on Tuesday (November 26, 2024) affirmed the ratings of seven Adani Group companies from ‘stable’ to ‘negative’. In a statement the…
Read More “After Fitch, Moody’s also switches outlook on Adani group firms to ‘negative’” »
Image used for representation | Photo Credit: Getty Images The government on Monday (November 25, 2024) announced the ₹1,435 crore PAN 2.0 Project to make the permanent account number a ‘common business identifier’ for all digital systems of government agencies. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given…
On November 25, 2024, the rupee appreciated 12 paise to close at 84.29 against U.S. dollar. | Photo Credit: V.V. Krishnan Rupee appreciated 7 paise to 84.22 against the U.S. dollar in morning trade on Tuesday (November 26, 2024), on a sharp rebound in domestic equities amid improved investor risk appetite. Forex traders said the…
Read More “Rupee rises 7 paise to 84.22 against U.S. dollar in early trade” »
File picture of Essar co-founder Shashi Ruia. The business tycoon died after a prolonged illness | Photo Credit: Special arrangement Essar Group co-founder Shashi Ruia has died after a prolonged illness. He was 80. Mr. Ruia, who co-founded metals-to-technology conglomerate Essar with his brother Ravi, died in Mumbai around 11.55 p.m. on November 25, family…
A view of the BSE building in Mumbai. The BSE benchmark Sensex climbed 372.51 points to 80,482.36 in early trade. Equity benchmark indices Sensex and Nifty continued their winning run on Tuesday (November 26, 2024) early trade amid fresh foreign fund inflows and firm trends in the U.S. markets. Rallying for the third day running,…
Read More “Sensex, Nifty climb in early trade amid fresh foreign fund inflows” »
Representational image of the Adani Group logo | Photo Credit: Reuters Ratings agency Fitch has put some of Adani Group’s bonds on watch for a possible downgrade after some of the firm’s key executives were indicted by U.S. authorities on bribery charges. Adani Energy Solutions Ltd, Adani Electricity Mumbai and some of Adani Ports and…
Read More “Fitch places some Adani bonds on negative watch after U.S. bribery charges” »
Hindustan Unilever Limited (HUL) headquarters. File | Photo Credit: Reuters FMCG major Hindustan Unilever Ltd (HUL) on Monday (November 25, 2024) said its board has approved the demerger of the ice cream business, which owns brands such as Kwality Wall’s, Cornetto and Magnum, into an independent listed entity. The existing shareholders of the FMCG major…
Vedanta Resources. File | Photo Credit: AP Vedanta Resources, which postponed a planned sale of dollar bonds last week after the Adani group’s top officials were indicted by U.S. prosecutors, will now launch the issue on Monday (November 25, 2024), according to two sources. The issue, which could raise as much as $500 million,…
Read More “Vedanta to proceed with dollar bond sale in first post-Adani India credit test” »