Asian shares started cautiously on Monday in a week packed with economic data and central bank meetings, along with earnings from the tech giants that have kept the S&P 500 afloat so far this year. Early action was sluggish in the wake of Friday’s surprisingly strong surveys of business activity which reinforced the case for […]
The rupee appreciated by 5 paise to close at 81.92 (provisional) against the US dollar on Monday, as a positive trend in domestic equities and fresh foreign fund inflows boosted investor sentiments. At the interbank foreign exchange market, the local unit opened at 81.85 against the American currency and finally settled at 81.92 (provisional) against […]
A blast occurred near the Israel embassy in the Chanakyapuri diplomatic enclave in New Delhi on Tuesday evening. No staff was injured in the incident and an “abusive” letter addressed to the Israeli ambassador was found near the site, officials said. After the police control room (PCR) received a call about a “loud sound” from […]
By Subash Gangadharan Over the last few weeks, the Nifty has been in correction mode. The downtrend was confirmed when the support of 17613 was broken. On the daily chart, we see that the Nifty remains in a downtrend despite the bounces seen recently. The index continues to make lower tops and lower bottoms for […]
Apple on Tuesday appealed to the Joe Biden administration to revoke the ruling to ban the import of its smartwatches. The development comes a day after the Biden administration decided to not veto the ruling of a government tribunal. In a huge setback for the tech giant, the White House had refused to retract a […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Monday, 6 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 […]
Indian equity indices ended Monday’s volatile session in the red territory. The Nifty settled below the crucial 17400 level and Sensex closed below 59300. The Bank Nifty managed to close above 40,300. The top gainers on the Nifty 50 were ICICI Bank (up 2.17%), Power Grid (up 2.16%), Kotak Bank (up 1.80%), HDFC Life (up […]
Sun Pharmaceutical industries has signed a definitive agreement to acquire 100% of U.S.-based Concert Pharma at $8 per share, i.e., $576 million to access the company’s experimental drug for treating patchy baldness. As per the agreement, Concert shareholders will also get non-tradeable contingent value right worth $3.5 per share i.e $252million. The acquisition gives Sun […]
Foreign institutional investors (FII) sold shares worth a net Rs 1449.45 crore while domestic institutional investors (DII) offloaded shares worth a net Rs 194.09 crore on Thursday, January 5, 2023, according to the data available on NSE. For the month till January 5, FII sold shares worth a net Rs 4,910.98 crore while DII bought […]
Capital markets regulator Sebi on Wednesday proposed corporate governance norms pertaining to Related Party Transactions (RPTs) for a high-value debt-listed entity, with an outstanding value of listed non-convertible debt securities of at least Rs 500 crore. In its consultation paper, the Securities and Exchange Board of India (Sebi) has suggested the need to review the […]
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