The rupee appreciated by 14 paise to settle at 82.58 (provisional) against the US dollar on Thursday, marking its third straight day of gains on the back of softening crude oil prices and foreign funds inflows. The upward trend in the past three sessions led to a gain of 55 paise in the Indian currency, […]
Government plans stake sale in Indian Railways’ funding arm, say sourcesGovernment plans stake sale in Indian Railways’ funding arm, say sources
The government is considering selling some of its stake in the state-owned Indian Railway Finance Corp (IRFC) as it aims to meet its divestment targets for the year, two government officials told Reuters on Wednesday. The government owns a little over 86% of the Indian Railways’ funding arm. “The stake sale would take place soon,” […]
Brutal storm causes devastation across US – See PhotosBrutal storm causes devastation across US – See Photos
1/7 The death toll from a violent storm that whipped up tornadoes in the southern and midwestern regions of the United States rose to at least 32 over the weekend. (Reuters photo) 2/7 Plumes of smoke from burning piles of wood cleared by work crews rise at the site of severe storm damage in the […]
Petrol and Diesel Rate Today, 17 August: Some cities see revision; Check rates in Delhi, Mumbai, other citiesPetrol and Diesel Rate Today, 17 August: Some cities see revision; Check rates in Delhi, Mumbai, other cities
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad:Petrol and diesel prices were largely constant on Thursday, 17 August across New Delhi, Kolkata, Mumbai, and Chennai. Petrol rates and diesel rates have been steady over the last few months. However, individual cities see fluctuations in their prices every day. The prices of petrol […]
Rupee falls 1 paisa to 83.03 against US dollarRupee falls 1 paisa to 83.03 against US dollar
The rupee settled 1 paisa lower at 83.03 (provisional) against the US dollar on Monday, as positive cues from domestic equity markets failed to allay investors’ concerns over elevated crude prices. A weak American currency against major rivals overseas, however, supported the domestic unit and restricted the fall, forex traders said. The rupee finally settled […]
No petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody’sNo petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody’s
Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody’s Investors Service said. Three state-owned fuel retailers — Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) — which control roughly 90 per cent of the market, […]
Rating: buy | Indigo: Firmly positioned for investorsRating: buy | Indigo: Firmly positioned for investors
We expect Indigo’s near-term financial performance will be impacted by two ongoing P&W (Pratt & Whitney) issues from FY2024-26 and high crude oil prices with the latter primarily impacting the second quarter of FY2024. We cut our estimates by 10-16% largely on the back of these transient issues—P&W-powered aircraft are expected to phase out of […]
Indian rupee flat amidst market uncertaintyIndian rupee flat amidst market uncertainty
The Indian rupee faced a marginal correction of 6 paise after making a positive opening and is trading at 82.71 against the US dollar during intraday on Thursday. The currency opened at 82.65 and is currently trading in the range of 82.60 to 82.85 against the US dollar. The rupee had ended the previous trading […]
Markets correct, global concerns spark selloff; Nifty below 19450Markets correct, global concerns spark selloff; Nifty below 19450
The correction continues for the second consecutive day in the market. The Nifty slipped below 19,450 and the Sensex too declined 286 points. The broader market was down more than 1%. Selling was seen across the sector, except for FMCG & IT. Most market observers believe that the withdrawal of funds as a result of […]
Closing Bell: Nifty reclaims 19800 levels, Sensex settles above 66590; Realty, Bank stocks surgeClosing Bell: Nifty reclaims 19800 levels, Sensex settles above 66590; Realty, Bank stocks surge
The benchmark equity indices ended the week’s last trading session in the green with the help of Realty and Bank stocks. The NSE Nifty 50 gained 0.47% to settle at 19,819.95, while the BSE Sensex added 333.35 points to settle at 66,598.91. Bank Nifty added 0.62% to 45,156.40. The broader indices traded in green. Among […]