The rupee paused its two days of gains and settled 6 paise lower at 83.24 (provisional) against the US dollar on Thursday as rising crude oil prices dented the investor sentiment. Forex analysts said early gains in the domestic currency on the back of the weak dollar were reversed by the subdued domestic equity markets […]
Day: November 4, 2023
High oil prices to remain problem if liquidity is not dealt with: Hardeep PuriHigh oil prices to remain problem if liquidity is not dealt with: Hardeep Puri
High oil prices can remain a problem if large liquidity remains in the market even after the interest rate hikes by central banks, Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Wednesday. “If you already have a large amount of liquidity, and all those interest rate hikes that you have utilised and […]
Roche to fold struggling diabetes business into diagnostics unitRoche to fold struggling diabetes business into diagnostics unit
Roche Holding AG will fold its stand-alone diabetes business into its broader diagnostics unit after a decade and a half of declining sales. The Swiss company said Friday it will “define the organizational and structural changes and their potential impact in the coming months.” Employee headcount at Roche overall will remain stable in 2024 compared […]
Rishabh Instruments IPO subscribed 31.65 times on last day of biddingRishabh Instruments IPO subscribed 31.65 times on last day of bidding
The Initial Public Offering (IPO) of global energy efficiency solution company Rishabh Instruments was subscribed 31.65 times driven by heavy demand from institutional buyers on the last day of bidding on Friday. The IPO received bids for 24,65,71,162 shares against 77,90,202 on offer, as per the NSE data. The IPO comprises a fresh issue of […]