The Indian rupee broke a three-day losing streak on Friday, appreciating by 50 paise to settle at Rs 85.45 against the US dollar, buoyed by a sharp decline in the dollar index and strong performance in domestic equities.A rise in global risk appetite also supported the local currency, despite lingering pressure from crude oil prices…
NSE maintains leadership in equity and derivative segments with over 11.3 crore registered investors. The National Stock Exchange (NSE) Initial Public Offering or IPO, one of the most anticipated IPOs in India, is expected to get a green signal from the Sebi soon. NSE dominates India’s stock market landscape as the premier exchange, commanding the…
Apple Inc.’s shares plunged 4% to a low of $193.46 on Friday after US President Donald Trump threatened to impose a new 25% levy on the iPhone maker if it continues manufacturing devices outside the United States.The warning came amid escalating trade tensions, as Trump also proposed a sweeping 50% tariff on goods from the…
The Reserve Bank of India (RBI) on Friday announced it will pay a record dividend of Rs 2.69 lakh crore to the government for the fiscal year ended March 2025, marking a 27.4 percent increase from the Rs 2.1 lakh crore transferred in 2023-24.The dividend pay-out for 2022-23 had stood at Rs 87,416 crore.This decision…
India’s foreign exchange reserves fell by $4.888 billion to $685.729 billion for the week ended May 16, the Reserve Bank of India (RBI) reported on Friday. This follows a rise of $4.553 billion to $690.617 billion recorded in the previous week. The country’s forex reserves had reached a record high of $704.885 billion in September…
Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent on Friday, driven by buying in heavyweight stocks such as Reliance Industries, HDFC Bank, and ITC.Investor sentiment was further supported by expectations of a record dividend from the Reserve Bank of India (RBI) and easing US treasury yields, traders said.After a flat…
Goldman Sachs India Equity Portfolio, a subsidiary of Goldman Sachs, acquired approximately 11 lakh shares of TD Power Systems through block deals on Thursday. The purchase, amounting to Rs 50.30 crore, was made at a price of Rs 460 per share — reflecting a 7% discount compared to the previous day’s closing price of Rs…
India is preparing to open a significant portion of its protected government procurement market to foreign companies, including firms from the United States, two government sources said, marking a notable policy shift that could extend to other trading partners.This move comes shortly after India granted British companies access to select federal contracts under a new…
India, US push to finalise interim trade deal by July 8 as ministers hold talks in Washington NEW DELHI: Commerce and industry minister Piyush Goyal on Friday held his second round of discussions with US commerce secretary Howard Lutnick in Washington, as India and the US look to seal bilateral trade pact by July 8….
The investigating authority is specifically examining transactions over the previous 14 months. (AI image) India cracks down on suspected goods trade with Pakistan! The Financial Intelligence Unit (FIU) of India is investigating approximately 20 export houses suspected of engaging in illicit money transfers with Pakistan through the UAE corridor.These export houses are being suspected for…
