The domestic equity benchmarks ended with steep losses on Friday. Banks, financial shares and realty shares dragged. On the other hand, IT shares bucked the trend. Negative global cues triggered profit selling in domestic shares following recent steep gains. The Nifty 50 index jumped 3.31% in the past eight trading sessions. The recent resurgence in the US dollar index also spooked investors. A spike in […]
According to Shaktikanta Das, the RBI Governor, though inflation has moderated and plateaued since its recent peak of April 2022, it remains unacceptably and uncomfortably high. Minutes of the last Monetary Policy Committee Meeting noted that the high level of inflation continues to be broad-based with 13 out of 23 CPI sub-groups/groups, comprising close to 60 per cent of the CPI basket, registering more than […]
First Fintec will hold a meeting of the Board of Directors of the Company on 25 August 2022
Adani Power has agreed to acquire DB Power, which owns and operates a running 2×600 MW thermal power plant at District Janjgir Champa in Chhattisgarh. DB Power has long and medium-term Power Purchase Agreements for 923.5 MW of its capacity, backed by Fuel Supply Agreements with Coal India, and has been operating its facilities profitably. The acquisition will help the Company to expand its offerings […]
Strengthening greenback overseas weighed down the Indian rupee that fell for the second day in a row. The rupee depreciated 20 paise to close at 79.84 (provisional) against the US dollar on Friday. At the interbank foreign exchange market, the local currency opened at 79.75 and moved in a range of 79.73 to 79.84 during the day. It finally ended at 79.84 against the American […]
The offer received bids for 93.14 crore shares as against 2.85 crore shares on offer.
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