China stocks fell to around nine-month lows on Monday as investors were disappointed by milder-than-expected measures by authorities to boost confidence in the economy, with sluggish recovery and property woes keeping sentiment fragile. – China’s blue-chip CSI 300 Index was down 1.4% at the close, while the Shanghai Composite Index lost 1.2%. Both the CSI […]
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Israel set to defend against ‘genocide’ charges at UN court – A detailed reportIsrael set to defend against ‘genocide’ charges at UN court – A detailed report
Israel is set to defend itself at the International Court of Justice against charges brought by South Africa. The latter has accused Israel of engaging in genocide against Palestinians in Gaza. This rare engagement with the UN body reflects Israel’s concern over potential damage to its reputation. South Africa’s case at the International Court of […]
Rupee flat as local US dollar demand counters softer greenbackRupee flat as local US dollar demand counters softer greenback
The Indian rupee was little changed on Thursday, despite Asian peers moving higher, as U.S. dollar demand from importers and local oil companies offset a softness in the greenback. The rupee was at 83.2350 against the U.S. dollar as of 11:30 a.m. IST after closing at 83.24 in the previous session. The dollar index fell […]
PM Modi’s rockstar welcome in Sydney lights up Australia in tricolour | See PhotosPM Modi’s rockstar welcome in Sydney lights up Australia in tricolour | See Photos
1/12 Amidst the resounding cheers of tens of thousands of supporters, Prime Minister Narendra Modi delivered a stirring speech at a magnificent community event for the Indian diaspora in Sydney on Tuesday. With great admiration, the PM celebrated the India-Australia relationship, highlighting its essence of “mutual trust and mutual respect.” Echoing the sentiment, Australian Prime […]
Oil inches higher on supply concerns, China demand recoveryOil inches higher on supply concerns, China demand recovery
Oil prices inched higher on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and on optimism of a demand recovery in China, the world’s top crude importer. Brent crude futures rose 5 cents, or 0.1%, to $93.98 a barrel by 0027 GMT while […]
Nifty may rally as long as dips do not extend beyond 18000-17800; Bank Nifty appears exhaustedNifty may rally as long as dips do not extend beyond 18000-17800; Bank Nifty appears exhausted
By Anand James Thursday’s bear trap had resulted in a disproportionately large rise, which ended up rendering the trend vulnerable. Hence, Friday’s sharp falls did not come as a surprise. In fact, negative divergence in oscillators had begun to show towards the second half of the week, but it became potent only after Nifty entered […]
‘Angel tax: New norms to strike balance between FEMA, IT rules’‘Angel tax: New norms to strike balance between FEMA, IT rules’
The new valuation rules prescribed by the government for equity shares held by non-resident investors in India unlisted companies, including start-ups, are meant to strike a balance between FEMA (Foreign Exchange Management Act) related valuation and IT-based rules, said Rajat Bansal, principal chief commissioner of income tax, Central Board of Direct Taxes (CBDT) on Thursday. […]
Will likely launch IPO in next 3 years, says CredAble CEOWill likely launch IPO in next 3 years, says CredAble CEO
CredAble will likely launch an initial public offering in the next three years, says Co-founder and Chief Executive Officer Nirav Choksi.In the meantime, the company may do a funding round in the next eight-to-nine months. “We will probably go public in the next three years. We will look to raise funding maybe 8-9 months from […]
Tiger-backed fund sells over 122 mn shares in ZomatoTiger-backed fund sells over 122 mn shares in Zomato
Internet Fund III, a Tiger Global-backed VC fund, offloaded 122 million shares in Zomato representing a 1.43% stake via a block deal on Monday. At Rs 91 a share, the deal value amounted to Rs 1,115 crore. The lock-in period of shares allotted to Blinkit shareholders during Zomato’s acquisition of the quick commerce entity ended […]
Signature Global sees strong debut; lists over 15% premium on bourses; Should you hold or book profit?Signature Global sees strong debut; lists over 15% premium on bourses; Should you hold or book profit?
Signature Global shares listed at 15.32 % premium over IPO price on bourses amid negative domestic market. The share debuted at Rs 444 on the NSE, as compared to the issue price of Rs 385. The investors have made a profit of Rs 59 per share as the scrip gave more than 15% return to […]