Category: Uncategorized

[ad_1] Sri Lanka would want to see the Indian rupee used as much as the US dollar, President Ranil Wickremesinghe has said, days ahead of his first official visit to New Delhi. Wickremesinghe, also the cash-strapped country’s finance minister, made this remark while addressing the Indian CEO Forum here this week. “Just as East Asia, […]

[ad_1] Netweb Technologies India has garnered ₹189.015 crore from anchor investors ahead of its initial public offering, which opens to public on Monday. The company has allocated 37.80 lakh shares at ₹500 a share to anchor investors. Top foreign investors and domestic institutions such as Nomura Funds, Goldman Sachs Funds, ICICI Prudential MF & Life […]

[ad_1] Prices of Indian rice have increased by nearly 10 per cent over the past couple of weeks in the global market, but still they continue to be competitive as prices of the cereal from other origins have also gone up. However, the high prices have dried up export demand.  “Indian rice prices have gone […]

[ad_1] Benchmark stock indices hit their all-time high levels in intra-day trade on Thursday, with Sensex breaching the historic 66,000-mark for the first time following a rally in global markets amid moderating US CPI inflation data. Buying in market heavyweight stocks Infosys, ICICI Bank and Tata Consultancy Services also helped markets settle in the positive […]

[ad_1] The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut import of non-essential items. Now an importer would need a permission of licence from the government for importing these gold products. However, the Directorate General of Foreign Trade (DGFT) said that the restrictions will not […]

[ad_1] Even in a year where currency volatility is falling worldwide, the slump in swings in the Indian rupee has traders from London to Singapore asking when the central bank will loosen its iron grip. The rupee’s one-month implied volatility versus the dollar crashed to its lowest since 2005 in June, drawing queries from investors […]

[ad_1] Capital markets regulator SEBI has issued demand notices to 11 entities for paying ₹6 crore in a case involving Religare Finvest (RFL) fund diversion. In case of failure to make the payment within the stipulated 15 days, the regulator has warned to attach assets and accounts of the entities. The 11 entities on which […]

[ad_1] Utkarsh Small Finance Bank will launch its ₹500 crore initial public offering (IPO) on July 12, with the price band being set at ₹23-25. The IPO, entirely a fresh issue of shares, will close for subscription on July 14. Minimum Bid Lot is 600 equity shares. While not less than 75 per cent of […]

[ad_1] Shares of electronic manufacturing services firm Cyient DLM Ltd made a remarkable market debut on Monday, listing with a huge premium of 52 per cent, against the issue price of ₹265. The stock made its debut at ₹401, registering a jump of 51.32 per cent from the issue price on the BSE. It later […]

[ad_1] In order to protect the interests of unit holders of mutual fund schemes, SEBI has asked asset management companies to constitute a Unit Holder Protection Committee by January 1, 2024. The UHPC shall be responsible for the protection of the interests of unit holders of mutual fund schemes vis-à-vis all products and services provided […]