The rupee gained 14 paise to close at 82.73 (provisional) against the US dollar in the last trading session of 2022, as the American currency retreated from its elevated levels and a rising appetite for riskier assets among investors. The local currency, however, ended the year on a negative note, with a loss of 844 […]
Divgi TorqTransfer Systems’ Rs 412 crore IPO concluded on 3 March and was subscribed 5.44 times after receiving healthy interest from all categories of investors. The price band for the IPO has been fixed at Rs 560-590 a share. Meanwhile, the share allotment will be finalized by the company this week on Thursday, while refunds […]
Finance Minister Nirmala Sitharaman presented Budget 2023 today and the market mood remained extremely volatile with BSE Sensex skyrocketing over 1100 pts in the intraday trade and then crashing 1% towards closing, but it somehow managed to settle mildly in the green. On the other hand, NSE Nifty 50 ended the session in red as […]
The Indian rupee opened at 80.94 per dollar on Monday, up 18 paise from the previous close of 81.12 per dollar. The local unit is below the 81 mark for the first time since 1 December 2022. Rupee is expected to appreciate against the greenback on the back of rising risk appetite in the domestic […]
Housing Development Finance Corporation (HDFC) continues to report steady individual home loan growth (up 19% y-o-y) while disbursement growth was muted this quarter. Even as its funding costs have been rising faster than other NBFCs, margins were stable q-o-q and y-o-y as HDFC has been smoothly passing on hikes toits borrowers. Asset quality continues to […]
Adani Group stocks fell on Monday with Adani Enterprises shares falling 3.4% to Rs 1813.40 after the reports of Gautam Adani-led group suspending a Rs 34,900 crore petrochemical project at Mundra in Gujarat to focus on resources to consolidate operations and address investor concerns following a damning report by Hindenburg Research LLC. The group sent […]
By Harsh V Pant If there ever was any doubt, the year 2023 marked the final nail in the coffin for what had remained of the global order. The disarray in the world continued unabated as multiple conflicts shaped the global environment, faultlines sharpened further among major powers, and international institutions continued their debilitating streak. […]
By Raj Deepak Singh Rupee continued to appreciate for 3rd consecutive week amid the soft dollar combined with a rise in risk appetite in the domestic markets. The dollar index slipped after the series of weak economic data fueled the expectation of a pause in a rate hike in May with rate cuts soon after […]
Ever heard of popcorn lungs? It is rare condition that leads to serious and irreversible damage to the lungs. Known as bronchiolitis obliterans, the disease damages your lungs’ smallest airways and makes you cough and feel short of breath. According to experts, it’s sometimes caused by breathing in a chemical used to flavor microwave popcorn. […]
The top three positions in the Bachelor of Data Science degree category among 100 colleges across India were secured by IITs, with IIT Hyderabad leading the way, closely followed by IIT Delhi. Notably, IIT Guwahati emerged as the third-best educational institute for the Bachelor’s Data Science programmme, according to the Data Science Education Report 2023 […]
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