The rupee fell 49 paise to hit a record low of 92.89 against the US dollar in early trade on Thursday, amid sustained pressure from a strong dollar and global market volatility.As the currency weakened, the Reserve Bank of India has significantly increased its market intervention using forward contracts, Bloomberg reported citing people familiar with…
Under a proposal being reviewed by the finance ministry, domestic insurers could be enabled to provide cover for vessels navigating high-risk areas. (AI image) Middle East conflict impact on India: The government is looking at the creation of a specialised fund to assist insurers offering war-risk coverage for ships operating on routes to and from…
Gold price prediction: Rs 150,000 level is expected to act as a crucial support zone. (AI image) Gold and silver price prediction today: Gold prices may see some upside swing, while silver prices may move up to Rs 285,000, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook…
US wholesale prices rose more than expected in February, reflecting mounting inflationary pressures even before the recent surge in global energy prices linked to the Iran conflict, according to data released by the Labor Department as reported news agency AP.The department reported on Wednesday that its producer price index (PPI), which measures inflation at the…
Equity markets across Asia declined on Thursday, tracking losses on Wall Street after a sharp rise in oil prices above $112 per barrel and renewed concerns over inflation and interest rates dampened investor sentiment. In early trading Tokyo’s Nikkei 225 dropped 2.5% to 53,875.94, while South Korea’s Kospi fell 1.3% to 5,845.62. Hong Kong’s Hang…
HDFC Bank share price today: HDFC Bank, the country’s largest private sector bank, saw its stock plunge in trade on Thursday after its part-time chairman Atanu Chakraborty resigned. HDFC Bank’s share opened in red and was trading at Rs 806 at around 9:19 AM, down Rs 37 or 4.39%.The stock movement is in focus after…
Top stocks to buy today (AI image) Top stock market recommendations: Chambal Fertilisers and Chemicals, Ather Energy, and KSB are the top stocks that Aakash K Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group recommends buying today. He also shares his views on Nifty and Bank Nifty, let’s take a look:Index…
NEW DELHI: Ten years later and after two attempts, govt has failed to privatise IDBI Bank, the perpetual problem child, leaving potential bidders fatigued and raising questions over the process as well as future disinvestment plans.It wasn’t the first time that the Centre tried to exit IDBI Bank, with the plan first announced by former…
BENGALURU: Manipal Hospitals is set to file its draft red herring prospectus (DRHP) this week for an IPO expected to raise about Rs 10,500-11,000 crore, potentially the largest public offering in India’s healthcare sector. The issue will include an offer-for-sale component of around Rs 2,000 crore, while a large portion of the proceeds will be…
QatarEnergy says Iranian missiles hit Ras Laffan Industrial City, causing “extensive damage” Qatar on Wednesday expelled key Iranian military and security officials along with their staff from its territory, escalating tensions after missile strikes hit key energy infrastructure in the Gulf. The Qatari Foreign Ministry said on Thursday it had declared the military and security…
