To protect the rupee, the RBI may be cautious about spending FX reserves

When the Federal Reserve tightens, the Reserve Bank of India tries to defend its currency once more. Analysts expect it to launch a more limited defense this time, geared at fighting off the worst of speculative attacks rather than drawing a line in the sand when global capital flows are shifting and the Fed is […]

The selling of a private bond to Apollo Global nets the Mumbai airport $750 million

After delaying a scheduled note offering, Mumbai International Airport Ltd. has raised $750 million through a private bond sale to Apollo Global Management Inc. According to a stock exchange notification, the operator of India’s No. 2 airport, which is controlled by the country’s richest man, issued 7.25-year dollar notes to Apollo-managed funds to refinance current […]


Zepto, a rapid commerce startup founded by two 19-year-old Stanford dropouts nine months ago, has raised $200 million in a Series D funding round, valuing the company at about $900 million. Zepto intends to use the funds to expand 10-minute grocery delivery across the country and continue to grow responsibly. Y Combinator Continuity doubled in […]

In early trade, the rupee fell 23 paise to 76.65 against the US dollar.

The rupee fell 23 paise to 76.65 against the US dollar in early trade on Monday, reflecting the dollar’s surge in the international market. The rupee opened at 76.58 against the dollar on the interbank foreign exchange, then plummeted to an early low of 76.65 in early trades, a drop of 23 paise from its […]

ONGC, Oil India gain 3% in tandem with crude oil prices

Shares of state-owned oil exploration & production companies like Oil and Natural Gas Corporation (ONGC) and Oil India gained 3 per cent on the BSE in Wednesday’s intra-day trade in an otherwise subdued market after oil prices surged. Crude oil prices increased around 6 per cent on Tuesday amid reports of lower supply by oil […]

SBI Cards dips 5% as over 3% of equity changes hands via block deals on NSE

Shares of SBI Cards and Payment Services dipped 5 per cent to Rs 836 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade after over 3 per cent equity of the company changed hands at the counter via block deals. Till 09:21 am; around 31.9 million equity shares representing 3.37 per cent equity of SBI Cards changed hands […]

Rupee advances 23 paise to 75.67 against the US dollar in early trade

The rupee advanced 23 paise to 75.67 against the US dollar in the opening trade on Thursday, supported by positive domestic equities and a fall in crude oil prices. At the interbank foreign exchange, the rupee opened at 75.67 against the US dollar, registering a rise of 23 paise from the previous close. On Wednesday, the rupee […]

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 […]