US dollar clings to gains as bets on further Fed hikes firm
The dollar fought for a footing in choppy trade on Thursday, with support from upbeat U.S. data and hawkish policymaker comments, while the prospect of higher energy prices helped exporters’ currencies and weighed on those of importers. The dollar rose 1% on the euro and 1.3% on sterling overnight and was trying to hold those […]
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 […]
Uber reports a $5.9 billion net loss as Asian investment values tumble
Uber reported a net loss of $5.9 billion owing to unrealized losses from holdings in Didi Global, Grab Holdings, and Aurora Innovation, but provided a good earnings projection for the current period. It indicated that the firm intends to capitalize on strong ride demand without jeopardizing earnings by focusing on product upgrades rather than incentives […]
As the yen falls on the dovish BOJ, the dollar reaches a 20-year high and the euro a 5-year low
The dollar rose to a 20-year high against its peers on Thursday as the Bank of Japan maintained its dovish stance, sending the yen to its lowest level since 2002 and the euro to a five-year low amid concerns about the region’s economic growth. The dollar soared beyond 130 yen as the Bank of Japan […]
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 […]
Sebi penalises NSE, BSE for laxity in Karvy Stock Broking case
India’s markets regulator on Tuesday fined BSE Rs 3 crore and the National Stock Exchange (NSE) Rs 2 crore for “laxity” in detecting misconduct by Karvy Stock Broking (KSBL). The Hyderabad-based brokerage misused securities worth Rs 2,300 crore belonging to more than 95,000 clients by pledging them without authorisation, said the Securities and Exchange Board of India (Sebi). The […]
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 […]
Sensex down 200pts, Nifty tests 18,000; RIL, HDFC twins weigh
After a tepid start, the key benchmark indices were seen holding marginal losses in late morning trade-off the low of the day as gains in select IT and FMCG shares helped offset losses in financials.The BSE Sensex from an opening high of 60,786, had slipped to an intra-day low of 60,227. The index, however, was down around […]
Fishin announces Rs.1000 crore investment in Telangana
Fishin, a world-renowned company in import of Tilapia fish, is investing Rs.1, 000 crore in Telangana for setting up the largest freshwater aquaculture project in the world. The company will be setting up the project near Mid Manair reservoir, Rajanna Sircilla district. This announcement was made by the company Chairman and CEO Manish Kumar after […]
