Mumbai: The rupee on Friday pared all its early gains and closed 2 paise lower at 83.49 (provisional) against the US dollar amid volatility in domestic equity markets and ongoing outflows of foreign funds. happened.Forex traders said increased demand for the greenback by companies in the oil...
Mumbai: Equity benchmark indices bounced back in early trade on Friday, after falling for the past five days, amid buying in key indices Larsen & Toubro and Mahindra & Mahindra as well as a rally in Asian markets.In early trade, the 30-share BSE Sensex rose 550.22 points to 74,435.82. NSE...
Mumbai: The rupee rose 5 paise to 83.24 against the US dollar in early trade on Friday due to a strong sentiment in domestic equity markets and fall in crude oil prices overseas.Forex traders said, however, a stronger US currency and unabated foreign capital outflows weighed on the local unit...
New Delhi, Private equity major TPG on Thursday sold its entire 5 per cent stake in RR Cable for Rs 958 crore through an open market transaction.US-based TPG sold R Cable shares in 21 tranches on BSE through its associate TPG Asia VII SF Pte.As per block deal data available on BSE, TPG Asia...
New Delhi [India], IDFC First Bank has approved plans to raise funds through a preferential issue of equity shares, the company informed the exchanges in a filing on Thursday. The bank said it will issue shares worth Rs 39.68 crore to selected investors at Rs 80.63 per share. Preferential issue...
New Delhi: Capital markets regulator Sebi has changed the guidelines for acceptance of liquid assets as collateral by clearing corporations (CCs) and prudential norms for exposure of such entities to strengthen the risk management framework.Clearing corporations accept liquid assets with...
New Delhi, IDFC First Bank on Thursday said its board has approved a plan to raise Rs 3,200 crore through a preferential issue of shares to finance business growth.The Board of the Bank in its meeting held on May 30, 2024 considered and approved the issue, proposal and allotment of 39.68 crore...
Mumbai: The rupee on Thursday closed 9 paise higher at 83.31 (provisional) against the US dollar due to weakness in the American currency as well as crude oil prices in the overseas market.However, foreign fund outflows due to heavy selling in domestic equity markets and increased demand for...
New Delhi: Foreign direct investment (FDI) equity inflows into India declined by 3.4 per cent to US$ 44.42 billion in 2023-24 due to lower investment in sectors like services, computer hardware and software, telecom, auto and pharma, according to the government. data.FDI inflow during 2022-23...
New Delhi, India Ratings and Research (Ind-Ra) has upgraded the long-term issuer rating of Adani Green Energy Ltd to 'IND AA-' from 'IND A+' with a stable outlook."Upgrade factors include continued strong operating asset performance, strong execution scale-up, with annual capacity growth...
New Delhi: Foreign direct investment (FDI) equity inflows into India declined by 3.4 per cent to US$ 44.42 billion in 2023-24 due to lower investment in sectors like services, computer hardware and software, telecom, auto and pharma, according to the government. data.FDI inflow during 2022-23...
The IPO will be a combination of a fresh issue and an offer for sale (OFS) to certain existing and eligible shareholders of the company."The meeting of the board of directors of the company held on May 29, 2024 has approved an IP with shares having face value of Rs 10 each," Hero Fincorp said...
Ahmedabad (Gujarat) [India], India Ratings and Research (Ind-Ra) has upgraded the long-term issuer rating of Adani Green Energy Limited (AGEL) to 'IND AA-' from 'IND A+'. The outlook is stable, reflecting the company's strong operating-performance, improved leverage metrics and strategic...
Key rating drivers include AGEN being India's largest renewables developer with good operating parameters of operating assets and healthy free cash flows in equity as well as promoter infusion covering equity commitments.Continued strong operating asset performance The upgrade factors include...
MUMBAI: Benchmark equity indices fell in early trade on Thursday, continuing their decline for the fifth consecutive day, in line with weak global trends and continued foreign fund outflows.The 30-share BSE Sensex fell 315.53 points to 74,187.37. NSE Nift fell 102.60 points to 22,602.10...
New Delhi, Tata Steel on Wednesday reported a 64.59 per cent decline in its consolidated net profit at Rs 554.56 crore during the March 2024 quarter due to lower realizations and some extraordinary items.It had made a profit of Rs 1,566.24 crore in the year-ago period, the company said in a...
New Delhi: Adani Energy Solutions will seek shareholders' approval to raise Rs 12,500 crore at its annual general meeting on June 25.The company seeks to raise funds through Qualified Institution Placement (QIP) by issuing equity shares and/or other eligible securities to qualified investors...
New Delhi: Specialty chemical company Cronox Lab Sciences on Wednesday said it has set a price band of Rs 129-136 per share for its initial share sale for public subscription on June 3.According to the Red Herrin Prospectus (RHP), the three-day initial public offering (IPO) will end on June 5...
Dubai [UAE], Ashraq Investments today announced the launch of its refreshed corporate strategy. Over five years, with the acquisition expected to execute in early 2024, Eshraq will build direct private equity capabilities while transitioning legacy portfolio assets Under the refreshed strategy...
New Delhi, Inox Wind Energy has raised Rs 900 crore through equity share sale of Inox Wind Ltd, a subsidiary of InoxGFL Group.According to a regulatory filing, this is a significant step towards completely eliminating external debt at Inno Wind Ltd.Inox Wind is India's leading wind energy...