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File. | Photo Credit: Reuters The rupee gained 2 paise to close at 83.95 (provisional) against the US dollar on Friday (September 6, 2024) amid a weak greenback in overseas markets. However, negative domestic markets, rise in crude oil prices, and outflow of foreign capital capped sharp gains, forex traders said. At the interbank currency…
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Benchmark equity indices Sensex and Nifty slumped over 1% on Friday (September 6, 2024), tracking a weak trend in global markets and fresh foreign fund outflows. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty slumped over 1% on Friday (September 6, 2024), tracking a weak trend in global markets and fresh foreign fund…
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The National Company Law Appellate Tribunal (NCLAT), Chennai on Friday (September 6, 2024) ordered status quo to be maintained as on date in the matter of Corporate Insolvency Resolution Process of Coastal Energen Private Limited, based on an appeal filed against the approval of a ₹3,335.52 crore (excluding resolution process cost) resolution plan submitted by Dickey Alternative Investment Trust and…
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Supreme Court agreed to list for an early hearing the appeal of U.S.-based creditor Glas Trust Company LLC against a judgment of the NCLAT. File | Photo Credit: Reuters The Supreme Court on Friday (September 6, 2024) agreed to list for an early hearing the appeal of U.S.-based creditor Glas Trust Company LLC against a…
A general view of the Supreme Court | Photo Credit: Shashi Shekhar Kashyap The Supreme Court on Friday granted bail to Bhushan Steel’s former promoter Neeraj Singal in a money laundering case arising from an alleged bank fraud of ₹46,000 crore. A bench of Justices Sanjiv Khanna and Sanjay Kumar noted that Singal has been…
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Image used for representative purpose only | Photo Credit: R. Ragu Rupee rose by 2 paise to 83.95 against the U.S. dollar in early trade on Friday (September 6, 2024) amid a weaker dollar against major currencies overseas. An upward movement in the international crude oil prices, negative domestic equity markets and outflow of foreign…
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Image used for representative purpose only | Photo Credit: Reuters Benchmark equity indices declined in early trade on Friday (September 6, 2024) tracking a weak trend in global markets and fresh foreign fund outflows. Falling for the third day running, the 30-share BSE Sensex declined 233.98 points to 81,967.18 in early trade. The NSE Nifty…
Global property markets, rattled by the steepest rise in interest rates in a generation, will get little relief from the gradual easing of borrowing costs, with scant hope of a return to the free money that fuelled a boom. The multi-trillion dollar industry, which thrived in the decade after the global financial crisis when the…
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Key factor: Investors have recently given greater importance to U.S. job market data. | Photo Credit: Reuters The dollar stayed on the back foot on Thursday as renewed concerns over the U.S. economy’s growth outlook bolstered expectations of a supersized rate cut from the Federal Reserve this month. The yen was a notable outperformer, in…
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Safe haven: Deposits ensure safe returns while customers risk losing money if markets correct. G | Photo Credit: Getty Image/iStock Bankers have called for the development of innovative products to reclaim deposit customers who have moved to the equity market. They cautioned that while deposits ensure safe and periodic returns, customers risk losing money if…
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