Real estate player Arkade Developers Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 430 crore through an Initial Public Offering (IPO). The company’s maiden public issue is entirely through a fresh issue of equity shares with no Offer For Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP) […]
Day: June 11, 2023
Stocks to watch: Infosys, HCL Tech, Mphasis, Dr Reddy’s LabsStocks to watch: Infosys, HCL Tech, Mphasis, Dr Reddy’s Labs
Stocks in Focus: GIFT Nifty traded up 23.5 points, or 0.12%, at 19,698.50, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. On Thursday, the NSE Nifty 50 slipped 17.35 points or 0.09% to settle at 19,794, while the BSE Sensex shed 64.66 points to 66,408.39. “Markets oscillated in […]
Alibaba shares slide 4 percent after former CEO quits cloud unitAlibaba shares slide 4 percent after former CEO quits cloud unit
The Hong Kong-listed shares of China’s Alibaba Group fell more than 4% on Monday after the surprise departure of former CEO Daniel Zhang from the technology giant’s cloud computing business. Alibaba announced Zhang’s decision to depart the unit in an internal letter to staff seen by Reuters, with co-founder Eddie Wu becoming the unit’s acting […]
Rupee remains under pressure; USDINR expected to trade sideways in 82.20-82.80 rangeRupee remains under pressure; USDINR expected to trade sideways in 82.20-82.80 range
By Gaurang Somaiya Rupee in the last couple of sessions of the previous week came under pressure; witnessed sharp selling and fell to the lowest level in six weeks. Triggers for the rupee came from global factors, primarily the FOMC meeting minutes and better-than-expected economic data from the US. The Fed governor and its officials […]