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Rupee logs worst single-day fall in almost two months

Economy

21 August, 2024

Rupee logs worst single-day fall in almost two months

The Indian rupee dropped on Wednesday to log its worst single-day performance in nearly two months as dollar demand from ......

Sensex, Nifty end mildly higher as falling financial stocks cap gains

Economy

21 August, 2024

Sensex, Nifty end mildly higher as falling financial stocks cap gains

Indian shares ended Wednesday with small gains led by consumer stocks, while a drop in financials weighed on benchmark indexes. The ......

China's Antfin sells nearly half its stake in Zomato for $570 mn

TMT

20 August, 2024

China's Antfin sells nearly half its stake in Zomato for $570 mn

Alibaba Group's Antfin Singapore sold shares worth 47.72 billion rupees ($570 million) in India's Zomato on Tuesday, cutting its stake ......

Sensex, Nifty end higher, led by IT and financial stocks

Finance

20 August, 2024

Sensex, Nifty end higher, led by IT and financial stocks

Indian shares closed higher on Tuesday, led by financials and information technology stocks, as rising expectations of an aggressive rate ......

JSW Cement, Warburg-backed Ecom Express file for IPOs

Infrastructure

16 August, 2024

JSW Cement, Warburg-backed Ecom Express file for IPOs

India's JSW Cement filed draft papers for an initial public offering worth up to 40 billion rupees ($476.7 million) on ......

SEBI chief earned revenue in potential rules violation, documents show

Markets

16 August, 2024

SEBI chief earned revenue in potential rules violation, documents show

The head of India's markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, ......

Rupee continues to hover around 84/$ mark amid volatility

Finance

14 August, 2024

Rupee continues to hover around 84/$ mark amid volatility

The Indian rupee ended nearly flat on Wednesday as U.S. dollar demand from importers and foreign banks eroded the currency's ......

Sensex, Nifty end flat as profit booking offsets gains in IT stocks

Finance

14 August, 2024

Sensex, Nifty end flat as profit booking offsets gains in IT stocks

Indian shares closed little changed on Wednesday, as broad-based profit booking offset gains in information technology (IT) stocks after soft ......

SoftBank portfolio firms FirstCry, Unicommerce make strong trading debuts

Consumer

13 August, 2024

SoftBank portfolio firms FirstCry, Unicommerce make strong trading debuts

Two companies backed by SoftBank—Brainbees Solutions Ltd, the parent company of baby products retailer FirstCry, and e-commerce-focused SaaS company Unicommerce ......

India's weight on MSCI equity index rises to record high; $3 bn inflows likely

Markets

13 August, 2024

India's weight on MSCI equity index rises to record high; $3 bn inflows likely

India's weight on the MSCI Global Standard index, which tracks emerging market stocks, has risen to another record high, which ......