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On Tuesday, the rupee fell 1 paisa to a new lifetime low of 84.39 against the U.S. dollar. File. | Photo Credit: Reuters The rupee moved in a narrow range and appreciated 1 paisa to close at 84.38 (provisional) against the U.S. dollar on Wednesday (November 13, 2024), as persistent foreign fund outflows and a…
Read More “Rupee rises 1 paisa to close at 84.38 against U.S. dollar” »
A man walks near a logo of Swiggy ahead of its Initial Public Offering (IPO) listing ceremony at the National Stock Exchange (NSE) in Mumbai on November 13, 2024. | Photo Credit: Reuters Swiggy’s much-anticipated stock market debut on Wednesday (November 13, 2024) catapulted over 500 current and former employees to the “crorepati” club, with…
Read More “Swiggy IPO makes 500 employees ‘crorepatis’; unlocks ₹9,000 cr worth of ESOPs” »
The BSE benchmark Sensex tanked 984.23 points or 1.25% to settle at 77,690.95, extending its previous day’s fall. File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty tumbled more than 1% on Wednesday (November 13, 2024) amid retail inflation soaring to a 14-month high of 6.21% in October and unabated foreign fund outflows. Muted…
View of the Indian Oil refinery amid heavy fog, in Mathura, on November 13, 2024. | Photo Credit: PTI Days after a blast triggered a fire at its Gujarat refinery resulting in the death of one person, Indian Oil Corporation (IOC) reported a fire at its Mathura refinery on Tuesday (November 13, 2024). Eight personnel…
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Image for representation only | Photo Credit: Reuters Amid rising consumer complaints, food regulator FSSAI on Tuesday (November 12, 2024) directed e-commerce players selling food items on their platforms to ensure a minimum shelf life of 30% or 45 days before expiry, at the time of delivery to customers. According to an official statement, Food…
Read More “FSSAI directs online platforms to deliver food items with minimum 45-day shelf life” »
The logo of JSW. File | Photo Credit: Reuters JSW Defence Pvt. Ltd. and US defence technology company Shield Ai Inc have announced a tie up to indigenize and manufacture Shield AI’s “V-BAT,” a Group 3 Unmanned Aerial System (UAS). “This collaboration marks a significant step in boosting India’s defense capabilities by bringing in world-class UAS technology to…
Read More “JSW Defence ties up with Shield AI to manufacture military unmanned systems” »
Image used for representative purpose only | Photo Credit: C. Venkatachalapathy The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday (November 13, 2024), as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit. Forex traders said the…
Read More “Rupee falls 1 paisa to all-time low of 84.40 against U.S. dollar in early trade” »
Image used for representative purpose only | Photo Credit: Reuters Equity benchmark indices declined in early trade on Wednesday (November 13, 2024) amid retail inflation soaring to a 14-month high of 6.21% in October and unabated foreign fund outflows. Muted quarterly earnings and weak trends in global markets were also the spoilsport for the markets,…
Read More “Markets decline in initial trade amid soaring inflation, foreign fund exodus” »
Swiggy gig workers listen to a briefing. File | Photo Credit: Reuters Shares of food delivery and quick-commerce major Swiggy were listed with a premium of nearly 8% against the issue price of ₹390 on Wednesday, November 13, 2024. The stock is listed at ₹412, reflecting a jump of 5.64% from the issue price on…
Read More “Swiggy IPO listing surged nearly 8% in market debut” »
Ashish Shah. File | Photo Credit: Photo Credit: https://vertoz.com Vertoz Limited, a marketing tech and Cloud tech company, for the second quarter ended September 30, 2024 reported 28% growth in net profit at ₹6.57 crore as compared with ₹5.13 crore in the same period last year. Revenue from operations grew 69% to ₹63.65 crore as…
Read More “Cloud tech company Vertoz’s reports 28% growth in Q2 net profit” »