Trading activity of foreign investors, currency movement, macro data to drive markets: Analysts

Trading activity of foreign investors, currency movement, macro data to drive markets: Analysts

Stock markets are likely to trade in a range-bound manner in a holiday-shortened week where trading activity of foreign investors, currency movement and global macroeconomic data announcements are expected to drive sentiments, analysts said. Several global markets may see subdued activity on account of Christmas and New Year holidays, an expert said. The domestic stock […]

EPW India collects ₹9 crore from anchor investors; SME IPO to open Mon

EPW India collects ₹9 crore from anchor investors; SME IPO to open Mon

IT electronics refurbishing company EPW India on Saturday said it has raised ₹9.04 crore from anchor investors ahead of the launch of its initial share-sale for public subscription. The company has allotted over 9.32 lakh equity shares to Resonance Opportunities Fund, Universal Golden Fund and Getfive Opportunity Fund – I at an anchor investor price […]

Infosys ADR zooms 40% in early deal on Friday

Infosys ADR zooms 40% in early deal on Friday

The underlying Infosys stock on the NSE on Friday closed at ₹1,638.70, up 0.7 per cent Infosys ADR (American Depository Receipt) jumped nearly 40 per cent in early trade on Friday, surprising investors and market participants. The immediate trigger is not known. The trading was halted on the NYSE after the stock hit $26.62, up […]

Six index heavyweights in focus on Friday

Six index heavyweights in focus on Friday

Six index heavyweights will be in focus on Friday amid major corporate developments, including Bharti Airtel’s top management change, Vodafone Idea’s ₹3,300 crore fundraise, HCLTech’s $160 million acquisition, BPCL’s JV with Coal India, and Tata Power’s overseas investment. Bharti Airtel on Thursday said the company’s board has approved the appointment of Shashwat Sharma as the […]

Rupee rises 12 paise to close at 90.26 against US dollar

Rupee rises 12 paise to close at 90.26 against US dollar

The rupee appreciated 12 paise against the US dollar on Thursday, despite the broad strength of the American currency in the overseas market on suspected intervention by the Reserve Bank of India (RBI). Forex traders said Brent crude oil prices hovering near $59 per barrel supported the domestic unit at lower levels. However, a recovery […]

Bhavish Aggarwal sells another 0.95% stake in Ola

Bhavish Aggarwal sells another 0.95% stake in Ola

Ola Electric Mobility Founder and CEO, Bhavish Aggarwal Ola Electric Mobility Founder and CEO, Bhavish Aggarwal, sold 4.19 crore shares, representing about 0.95 per cent of the company’s equity on Wednesday, through a bulk deal on the NSE. The shares were offloaded at ₹33.96 each, resulting in a transaction value of nearly ₹142 crore. This […]

Vedanta Aluminium raises Lanjigarh refinery capacity to 5 million tonnes a year

Vedanta Aluminium raises Lanjigarh refinery capacity to 5 million tonnes a year

With the expansion, Vedanta Lanjigarh now ranks as the world’s second-largest alumina refinery Vedanta Aluminium, India’s largest aluminium producer, has increased its Lanjigarh Refinery capacity to 5 million tonnes per annum (MTPA), a significant step towards strengthening India’s self-reliance in aluminium. A company statement said with the expansion, Vedanta Lanjigarh now ranks as the world’s […]