1/7 Convoy of Congress party leader Rahul Gandhi was on Thursday stopped by local police at a check post near Bishnupur, which is about 20 km from Imphal, the state capital of Manipur. He was on his way to Churachandpur where he planned to meet people (displaced by the recent clashes) at the relief camps. “Rahul […]
Rupee trades in narrow range against US dollarRupee trades in narrow range against US dollar
The rupee witnessed range-bound trading against the US dollar in early trade on Friday, as the support from positive domestic equities was negated by elevated crude oil prices and strong American currency. Forex traders said the dollar strengthened post the release of the US inflation number that was reported higher-than-expectation and weighed on the domestic […]
Arkade Developers files papers with Sebi for Rs 430-crore IPOArkade Developers files papers with Sebi for Rs 430-crore IPO
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) […]
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 […]
Torrent Pharma shares sink 4% as reports suggest co is likely to acquire controlling stake in CiplaTorrent Pharma shares sink 4% as reports suggest co is likely to acquire controlling stake in Cipla
Torrent Pharma share price sank almost 4% in trade on Friday, falling for the third consecutive session, as reports suggested that the sixth large pharmaceutical player in India was likely to acquire the Hamied family’s stake in Cipla. Shares of the company touched an intraday low of Rs 1,772.05 apiece. The share price of Cipla […]
Xiaomi Pad 6 buying guide: 10 things to know before you spend Rs 26,999Xiaomi Pad 6 buying guide: 10 things to know before you spend Rs 26,999
1/10 Xiaomi Pad 6 has officially arrived in India. With its premium all-metal design and high-end feature set, Xiaomi is looking to undercut OnePlus. Its real kicker though is the tablet’s affordable price. The Pad 6 starts at just Rs 26,999 even as the OnePlus Pad can go up to Rs 40,000. 2/10 The Pad […]
Moscow mutiny fizzles out as Wagner Group fighters return to base – See PhotosMoscow mutiny fizzles out as Wagner Group fighters return to base – See Photos
1/7 Heavily armed Russian mercenaries pulled out of the southern Russian city of Rostov overnight after halting their advance on Moscow under a deal that defused an unprecedented challenge to the authority of President Vladimir Putin. (Reuters Photo) 2/7 Under the deal, mediated by Belarusian President Alexander Lukashenko, fighters of the Wagner group would return […]
India bond yields seen rising on elevated US peersIndia bond yields seen rising on elevated US peers
Indian government bond yields are expected to trend higher in early session on Monday, as U.S. yields continue to remain elevated. The benchmark 7.26% 2033 bond yield is likely to be in the 7.22%-7.26% range, after ending the previous session at 7.2172%, a trader with a primary dealership said. “With lack of any major local […]