The Securities and Exchange Board of India (Sebi) is deliberating on increasing the minimum ticket size for alternative investment funds (AIFs) to up to Rs 5 crore from the existing Rs 1 crore, according to people in the know. The present threshold was set in 2012, and the rise in disposable incomes may merit a […]
The rupee consolidated in a narrow range and settled for the day higher by 6 paise at 81.81 (provisional) against the US dollar on Wednesday, tracking the weakness of the American currency in the overseas market. Forex traders said significant foreign fund inflows and crude oil prices below USD 75 a barrel also supported the […]
Adani Enterprises shares tanked 10% in the morning trade as chairman Gautam Adani decided to call off the Rs 20,000 follow-on public offer (FPO). Adani Enterprises shares on 1 February ended a two-day winning streak to settle lower by 26.7% at Rs 2,179.75. The sharp fall in the share price for two consecutive sessions comes […]
Oil fell for a second day as bullish impetus from OPEC+ production cuts faded against a weaker-than-expected demand picture. West Texas Intermediate dropped below $80.50 per barrel after weakening 2% on Monday, the biggest daily fall in four weeks. US shale production is seen higher in May, while there are signals that demand for diesel […]
To bolster road connectivity in the northeast states and to improve border infrastructure, the Cabinet Committee on Economic Affairs led by Prime Minister Narendra Modi, has given its approval for the widening of 134km road in Tripura. The improvement & widening of two lanes with paved shoulder of road from Khowai to Harina in South […]
Shares of LIC closed at their lowest level since listing, at Rs 536.95, on Tuesday. The stock shed 1.5% during the session, and touched its lowest level ever of Rs 535 in intra-day trade. The stock had listed on May 17, 2022, and on the same day touched its lifetime high of Rs 920 on […]
Veteran emerging markets investor Mark Mobius, having learnt his lesson from investing in China, is rooting for India and Brazil as preferred investment destinations. “I can’t get my money out,” Mark Mobius said regarding his investment in China, adding that China’s new policies have “personally affected” him. The founder of Mobius Capital Partners has an […]
At least 21 Gujarat passengers were interrogated by the Gujarat State Criminal Investigation Department (CID) over suspicions of involvement in an illegal immigration and human trafficking racket. These individuals were passengers on the Legend Airlines flight to Nicaragua, which returned from Vatry Airport in France and landed on Wednesday. According to officials, besides the passengers, […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Tuesday, 14 February 2023, keeping costs steady for about eight 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 at […]
By Shrikant Chouhan The benchmark indices witnessed narrow range activity, after a volatile trading session, the NSE Nifty 50 closed at 17,345 while the BSE Sensex closed at 58,136 levels. Among sectors, PSU Bank index gained the most, rallying over 2.3 percent whereas profit booking was seen in Reality and selective IT stocks. Technically, after […]
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