The rupee depreciated by 24 paise to close at 82.44 (provisional) against the US dollar on Friday weighed down by the strength of the American currency and massive selling in the domestic equity market. At the interbank foreign exchange market, the local unit opened lower by 12 paise at 82.32 as the US dollar rebounded […]
Oil prices fell on Thursday following three sessions of gains, after U.S. Federal Reserve Chair Jerome Powell re-stated his commitment to curbing inflation, including the possibility of more interest rate rises. Brent crude futures fell 80 cents, or 1%, to $75.89 a barrel by 00:09 GMT, while U.S. West Texas Intermediate crude (WTI) dropped 84 […]
The government has exempted basic customs duty on all drugs and food for special medical purposes imported for personal use for treatment of rare diseases. The import duty waiver will come into effect from April 1. Also, the government has exempted Pembrolizumab (Keytruda), used in treatment of various cancers, from basic customs duty. Drugs/Medicines generally […]
Indian benchmark indices are likely to open in the red, hinted SGX Nifty on Friday. On the Singapore Exchange, Nifty futures were trading 0.5% lower at 17841 level. In the previous session, S&P BSE Sensex rose 142 pts to 60,806, while NSE Nifty 50 climbed 22 pts to 17,893. “The bulls are trying hard to […]
Indigo, Spicejet Share Price: As airline Go First filed for voluntary insolvency on Tuesday, the share price of competitors, Indigo, or InterGlobe Aviation, soared 8.2% in trade while Spicejet stock prices flew 5.5%. Since Go First owes its financial creditors almost $800 million or Rs 65.21 billion rupees, shares of the cash-strapped airline’s lenders tanked […]
The Securities and exchange board of India has allowed alternative investment funds) to participate in credit default swaps (CDS) as protection for both buyers and sellers. Category I and Category II AIFs may buy CDS on underlying investment in debt securities, only for the purpose of hedging. Category III AIFs may buy CDS for hedging […]
The episodes of seizures often involve increasing the risk of injury, hospitalization and mortality, and poor mental health. It also has a detrimental effect on an individual’s confidence and self-esteem. A 17-year-old got rid of his seizures after a ground-breaking surgery, putting an end to 13-year-old turmoil. The Scottish teenager with epilepsy underwent surgery to […]
Domestic indices Nifty and Sensex are up in trade today as the indices gain during the first trading session of the year, despite negative global cues. Nifty gained 65 points to trade at 18,170 while Sensex rose 0.36% to trade at 61,060. Tata Steel, Reliance Industries, Hindalco, Tata Motors and SBI are the most active […]
Indian government bond yields plunged on Thursday, after the Reserve Bank of India, in an unexpected move, kept policy rates unchanged, against wide expectations of a seventh consecutive rate hike. The 10-year benchmark 7.26% 2032 bond yield was at 7.1987% as of 10:35 a.m. IST, after closing at 7.2750% on Wednesday. The yield fell to […]
Abandoning the plan to list on Nasdaq, Pine Labs, a digital payments firm backed by Sequoia India and Mastercard, is now looking to launch its $500-million initial public offering (IPO) in India, persons aware of the development said. Pine Labs will do both a primary fund-raise and a secondary share sale in which Sequoia Capital […]
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