The rupee depreciated 4 paise to close at 83.36 (provisional) against the US dollar on Thursday, tracking elevated American currency in the overseas market and a muted trend in domestic equities.
Forex traders said the rupee traded in a narrow range as the support from easing crude oil prices was negated by strong dollar demand from importers.
At the interbank foreign ex…
Read moreSebi chairperson Madhabi Puri Buch on Thursday said the regulator’s board will consider a proposal for allowing staff to donate money for causes through the social stock exchange (SSE).
Speaking at an event to mark the listing of first five non-profits on the newly created SSE, Buch said Sebi personnel are not allowed to invest in securities right now and they need to be allow…
Read moreUnion Bank of India, a leading PSU lender, disclosed its plans for a qualified institutional placement (QIP) amounting to Rs 3,000 crore, as announced on Tuesday.
The Committee of Directors for Raising Capital Funds approved this capital-raising initiative during its meeting on February 20, 2024. The floor price for the QIP is set at Rs 142.78 per share, representing a marginal prem…
Read moreBy Ambareesh Baliga
One of the golden rules of the market is “Never time the Market”. The most popular method of investing among retail investors is to invest via SIPs – And there is data to prove this – where a SIP started at the top of a market in 2008 vis-à-vis one which was started at the low of the market in 2009 has delivered a XIRR with only a marginal differen…
Read moreZydus Lifesciences’ stock price soared 4.80% to Rs 626 a day after the company posted profit for the second quarter of FY24 at Rs 800.70 crore, up 53.2% in comparison to Rs 522.50 crore during the corresponding quarter of FY23, surpassing estimates. It posted revenue from operations at Rs 4368.80 crore, up 9.1% as against Rs 4,005.50 crore during the second quarter of FY23. T…
Read moreGIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a muted opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded flat as the index was up 2 points or 0.01% at 21,631 indicating a muted opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50…
Read moreShares of Vodafone Idea surged over 10% on Friday to hit intraday high of Rs 15.70 on NSE, following a notable upgrade by brokerage firm UBS, elevating the telecom service provider’s rating from “neutral” to “buy” — the first such recommendation in almost a year.
UBS projects Vodafone Idea’s shares to reach Rs 18 within the next 12 months, sugge…
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