By Dilip Parmar The Indian rupee edges lower after two weeks of gain following weaker Asian currencies and dollar demand from the importers. However, the foreign fund remained the net buyer in the week gone. They bought $321.6 million in equities and $41.8 million in debts. Spot USDINR gained 16 paise or 0.19% to 82.4625 […]
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OMCs seen to make marketing losses in H2 on costlier crudeOMCs seen to make marketing losses in H2 on costlier crude
Even though crude oil prices have moderated at $90 a barrel from its highest of $97 a few days back, analysts see prices to remain elevated till the year end which is likely to cause losses to the oil marketing companies (OMCs) from sale of auto fuels in the second half of the current fiscal. […]
Updater Services IPO subscribed 2.90 times on final day of subscriptionUpdater Services IPO subscribed 2.90 times on final day of subscription
The initial public offer of integrated facilities management company Updater Services was subscribed 2.90 times on the final day of subscription on Wednesday.The initial share sale got bids for 3,47,41,450 shares against 1,19,99,999 shares on offer, as per NSE data.The portion for qualified institutional buyers (QIBs) was subscribed 4.48 times while the quota for retail […]
OnePlus 11R 5G: Top 11 things to know about the most exciting OnePlus phone in yearsOnePlus 11R 5G: Top 11 things to know about the most exciting OnePlus phone in years
1/12 The OnePlus 11R may seem like a watered-down OnePlus 11 (or OnePlus 10T) but don’t let that make you jump to any conclusions. It is easily among the most exciting phones that OnePlus has launched in years. The 11R brings high-end performance at an accessible price point but there are other niceties, too, including […]
Maruti Suzuki shares surge 0.9% on news of production doubling and new CFO appointmentMaruti Suzuki shares surge 0.9% on news of production doubling and new CFO appointment
The stock price of the leading auto company, Maruti Suzuki, surged nearly 0.90% today after the company announced its ambition to double its production capacity to 40 lakh units over the next eight years at its annual general meeting (AGM) on August 29. The company has also announced its intention to consider a stock split […]
With rupee near record low, RBI steps up NDF interventionWith rupee near record low, RBI steps up NDF intervention
The Reserve Bank of India has been frequently intervening in the non-deliverable forward (NDF) market to make sure that the rupee does not drop to a record low, four bankers told Reuters on Thursday. The rupee was at 83.1525 to the U.S. dollar as of 11:16 a.m. IST, not too far from its record low […]
All controversies aside, Carl Pei’s Nothing will launch a new phone soonAll controversies aside, Carl Pei’s Nothing will launch a new phone soon
Carl Pei has started teasing a new Nothing phone launch. The London-based tech start-up has been in the news lately for all the wrong reasons what with its big Robin Hood plans to take on mighty Apple and bring iMessage to Android users going kaput following a barrage of privacy concerns and so, a new […]
King Charles III’s Coronation: Stage all set to showcase traditional pomp and regal splendour | See PhotosKing Charles III’s Coronation: Stage all set to showcase traditional pomp and regal splendour | See Photos
1/8 Royal fans wearing masks of members of the British Royal family including King Charles III, left, sit in their place as they queue along the Mall, part of the Coronation route in London on Friday. (Photo: AP) 2/8 Prince William and Kate, Princess of Wales view Coronation preparations in the Soho area of central […]
FII, DII data: FPIs sold shares worth Rs 3364 cr, DIIs bought shares worth Rs 2711 cr on September 28, ThursdayFII, DII data: FPIs sold shares worth Rs 3364 cr, DIIs bought shares worth Rs 2711 cr on September 28, Thursday
Foreign institutional investors (FII) offloaded shares worth net Rs 3,364.22 crore, while domestic institutional investors (DII) added shares worth net Rs 2,711.48 crore on September 28, 2023, according to the provisional data available on the NSE. For the month till September 28, 2023, FIIs sold shares worth net Rs 25,006.46 crore, while DIIs bought shares […]
Crude prices may see further near-term riseCrude prices may see further near-term rise
Prices of crude oil can be trading in the green, again, today as a result of the Israel-Hamas conflict that broke out on Saturday. However, the uptick in the prices will not be sustained, analysts say, as the country is neither a major oil producing country nor a major consumer. “Any geopolitical tension in the […]