Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Friday, 17 March 2023, keeping costs steady for about nine months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing […]
Reliance Industries Ltd’s (RIL) strategy to diversify and dominate a number of industries will boost spending and will also help mitigate its elevated capex needs, rating agencies said on Wednesday. While S&P Global Ratings said it believes that “the company’s appetite for bigger investments or M&As will dissipate”, Fitch Group company CreditSights said its “credit […]
Investors wealth tumbled over Rs 5.78 lakh crore in two days of market fall amid a weak trend in global markets after a host of central banks hiked interest rates and gave hawkish commentary. The 30-share BSE Sensex declined 461.22 points or 0.75 per cent to settle at 61,337.81 on Friday. In the previous trade, […]
Kravis Investment Partners II LLC on Thursday offloaded shares of e-commerce beauty company Nykaa for a little over Rs 629 crore through open market transactions. As many as 3.67 crore shares of FSN E-Commerce Ventures, which runs Nykaa, were sold by Kravis Investment Partners II LLC in five tranches at a price of Rs 171 […]
To ensure that farmers get remunerative prices and build up the buffer, the government will soon start procurement of tur dal which is currently ruling above the minimum support price (MSP) through a ‘dynamic pricing’ formula. Sources told FE that agencies such as National Cooperative Consumers Federation (NCCF) and farmers’ cooperative Nafed will purchase the […]
The departure of a Romanian aircraft carrying nearly 300 passengers, mostly Indians, to Mumbai was delayed on Monday as some of them did not want to return to their country of origin, media reports said on Monday, three days after being grounded by the French authorities at an airport near Paris over suspected “human trafficking.” […]
Inflation and recession are real life ‘villains’ in an economy, eating into investments and wealth. Thankfully, investors can monitor inflation and economic slowdown with telltale signs all around, said Lakshmi Iyer, CIO-Debt, Kotak AMC, and Rahul Bajoria, Chief Economist-India, Barclays Investment Bank, at FinancialExpress.com Manage Your Money session titled ‘Reading the tea leaves in inflationary […]
Indian banks reported a total of 12,069 card and internet-related digital frauds during H1FY24 (April-September) amounting to Rupees 630 crore, up seven-fold from Rupees 87 crore of frauds in the corresponding period previous fiscal, the Reserve Bank of India’s (RBI) trends and progress in banking 2023 report said. Overall, lenders reported a total of 14,483 […]
Shares of Adani Group companies slid for the sixth straight session on Thursday with the group’s combined market capitalisation (m-cap) seeing a drop of $106 billion since last Tuesday’s close as a video statement by group chairman Gautam Adani failed to assuage investor concerns. Adani Enterprises (AEL) called off its Rs 20,000-crore follow-on public offering […]
The Indian rupee opened marginally lower at 82.70 per dollar on Tuesday against the previous close of 82.65. The local unit is expected to appreciate on the back of a rise in risk appetite in global markets and weakness in the dollar. Market sentiments improved on hopes of smaller rate hikes from the Fed and […]
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