The rupee witnessed range-bound trading against the US dollar in early trade on Monday, weighed down by a negative trend in domestic equities, elevated crude oil prices and strong American currency. At the interbank foreign exchange, the rupee opened at 83.09 against the dollar, registering a rise of 7 paise over its previous close. The […]
Muthoot Finance to raise up to Rs 1,000 crore via NCDsMuthoot Finance to raise up to Rs 1,000 crore via NCDs
Gold loan focused non-bank lender Muthoot Finance on Tuesday said it will raise up to Rs 1,000 crore through a public issue of secured, redeemable non-convertible debentures. The fresh non-convertible debentures (NCDs), which is the 33rd public issue of the largest gold loan financier with over Rs 60,000 crore of loan outstanding, has a base […]
FII, DII data: FPIs sold shares worth Rs 90 cr, DIIs bought shares worth Rs 783 cr on October 6, FridayFII, DII data: FPIs sold shares worth Rs 90 cr, DIIs bought shares worth Rs 783 cr on October 6, Friday
Foreign institutional investors (FII) offloaded shares worth net Rs 90.29 crore, while domestic institutional investors (DII) added shares worth net Rs 783.25 crore on October 6, 2023, according to the provisional data available on the NSE. “The benchmark 10-year yield is consistently over 4.7% forcing the FPIs to sell in emerging markets. India continues to […]
Orbit Chain faces crypto theft of about $100 millionOrbit Chain faces crypto theft of about $100 million
With insights from blockchain security firms, attack on Orbit Chain’s cross-chain bridge has pushed up the amount of crypto stolen in December 2023 to almost $100 million, stated Cointelegraph. “PeckShieldAlert Hackers stole $99.3 million across over 36 attacks in December.The Cross-chain #OrbitBridge suffered an $81.5 million exploit on New Year’s Eve, marking it as the […]
LEO1 and NSDL payments bank introduce MasterCard-powered prepaid ID cardsLEO1 and NSDL payments bank introduce MasterCard-powered prepaid ID cards
LEO1, an edu-fintech startup, in collaboration with NSDL Payments Bank, has introduced prepaid ID cards for students and educational institutions. This card, supported by MasterCard, is devoid of traditional numbering, offering a secure and efficient payment solution to educational institutes and students, according to an official release. The primary objective of the prepaid student card […]
Irrational exuberance driving midcaps, no fundamental reason behind current rally: Kotak EquitiesIrrational exuberance driving midcaps, no fundamental reason behind current rally: Kotak Equities
In recent months, the mid-cap and small-cap segments have seen a sharp rise, outperforming the blue-chip benchmark indices. However, according to Kotak Institutional Equities, trying to find solid fundamental reasons for this phenomenon is a challenging task. In fact, many companies in these segments saw their fundamentals worsen, which led to investors wondering what the […]
What can we learn from Rahul Dravid in the world of investingWhat can we learn from Rahul Dravid in the world of investing
Investing and sports may seem like two very different worlds, but they share many things in common. Cricket is one such sport that offers great insights even for the world of investing. When we talk about Cricket, the name that instantly comes to everyone’s mind is Rahul Dravid. Rahul Dravid is a name that resonates […]
Petrol and Diesel Rate Today, 5 September: Some cities see revision; Check rates in Delhi, Mumbai, other citiesPetrol and Diesel Rate Today, 5 September: 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 Tuesday, 5 September 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 […]
Finance ministry gives leeway to departments on big spendingsFinance ministry gives leeway to departments on big spendings
To accelerate public spending in the last quarter of the current fiscal, the finance ministry has relaxed cash management guidelines to allow departments and ministries to release Rs 500 crore or more in schemes without any restrictions. According to extant cash management guidelines, ministries must attune bulk expenditure items to monthly GST collections and quarterly […]
BHEL, Shakti Pumps, Suzlon Energy, Axis Bank among 127 stocks that hit 52-week highs; 7 touch 52-week lowsBHEL, Shakti Pumps, Suzlon Energy, Axis Bank among 127 stocks that hit 52-week highs; 7 touch 52-week lows
Benchmark indices NSE Nifty 50 and BSE Sensex were trading in the green during the intraday session on Wednesday. The Nifty 50 gained 90.55 points or 0.47% to reach 19,433.20, and the 30-share Sensex surged 312.59 points to reach 65,388.41. Midcap stocks took the lead in driving gains among the broader market indices. The sectoral […]