Elon Musk has secured almost $7 billion in new cash for his purchase of Twitter
Elon Musk has obtained approximately $7.1 billion in new finance pledges for his proposed $44 billion takeover of Twitter, gaining the support of some of the world’s most powerful investors. He was also anticipated to act as Twitter’s interim CEO for a few months once the acquisition was completed The equity commitments come as the […]
Rupee gains 14 paise to 75.79 against US dollar in early trade
The rupee appreciated 14 paise to 75.79 against the US dollar in opening trade on Monday, amid a pullback in crude oil prices. At the interbank foreign exchange, the rupee opened at 75.94 against the American dollar, then gained further ground to quote 75.79, registering a rise of 14 paise from the last close. On Friday, the […]
Game-streaming platform Loco raises Rs 330 cr in Hashed-led funding round
India’s leading game-streaming platform Loco said it had secured Rs 330 crore ($42 million) in an investment round led by Hashed. Besides Makers Fund, Catamaran Ventures, and Korea Investment Partners, all investors from the company’s seed round, including Krafton, Lumikai, and Hiro Capital, also participated in this round. The new investment will cement Loco’s current […]
Rupee advances 22 paise to 76.78 against US dollar in early trade
The rupee advanced 22 paise to 76.78 against the US dollar in the opening trade on Wednesday, supported by the weakness in the American dollar and recovery in domestic equity markets. Forex traders said the rupee could remain range-bound and can witness high volatility amid the deepening Russia-Ukraine conflict. At the interbank foreign exchange, the rupee opened […]
Rupee plummets 76 paise to 76.93/USD as oil soars amid Ukraine crisis
Sliding for the fourth straight session, the rupee tanked 76 paise to close at 76.93 on Monday, after touching its lifetime low of 77 against the US dollar, as crude oil prices climbed to multi-year highs amid the Russia-Ukraine crisis. Global oil prices soared past USD 120 per barrel amid the US and European nations […]
Indian investors can trade in select US stocks via NSE IFSC from March 3
From March 3, investors in India will be able to trade in select US stocks through the NSE International Exchange (NSE IFSC), a wholly owned subsidiary of the National Stock Exchange (NSE). Investors can invest in NSE IFSC receipts on US stocks, which will be in the form of unsponsored depository receipts (DRs). For a start, this will include […]
Rupee slumps 49 paise to 75.82 against US dollar in early trade
The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe. Forex traders said sustained foreign fund outflows, a lackluster trend in domestic equities and elevated crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at […]
Rupee rises by 22 paise to 74.44 against US dollar in early trade
The rupee spurted by 22 paise to 74.44 in early trade on Monday on softer crude oil prices and revived hopes of a diplomatic solution to the Russia-Ukraine crisis. The rupee gained further ground to trade at 74.44 at 1030 hours, supported by benign crude oil prices. Reports suggested that the US and Russia have agreed to hold […]
Sensex rebounds over 1700 points to reclaim 58K, Nifty ends above 17,300
European stocks and U.S. futures rose Tuesday after a report fuelled optimism that Russia is de-escalating tensions with Ukraine. Russia said Tuesday that some forces deployed near Ukraine were beginning to return to their bases, after a build-up of Moscow’s army around Ukrainian borders spurred fears of an invasion. After a bruising sell-off on Monday, […]
Market LIVE Updates: Indices at day’s high led by IT, realty, banks; RBL Bank most active
Active pharmaceutical ingredients manufacturer Supriya Lifescience, the 64th listing in 2021, is expected to debut with around 50 percent premium on December 28. Experts cited attractive valuations, strong financial track record with maximum income from exports, increasing growth potential in the pharma space and healthy return ratios for the expectations of the healthy listing. The […]
