Mumbai: The rupee weakened to a new low of 83.57 against the dollar in the interbank foreign exchange market on Tuesday. The dollar gained against most Asian currencies ahead of the US Fed‘s meeting on Wednesday.The rupee has been under pressure this week. After closing lower at 83.51 on Monday, the currency opened weak on…
Zerodha’s founder & CEO Nithin Kamath has said that investors on the platform have booked profits worth a whopping Rs 50,000 crore in over four years. The Indian equity markets have witnessed a significant surge in investor participation, especially in the post-Covid pandemic period, resulting in a substantial increase in the number of investors entering…
Bhavish Aggarwal, the founder of Ola Electric, has reportedly informed a select group of employees about Sebi’s approval. Ola Electric IPO news: Ola Electric, a prominent EV startup based in Bengaluru, has received approval from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO), according to individuals familiar with the…
SBI did not disclose the intended use of the proceeds from the fundraising. The State Bank of India (SBI), the nation’s biggest lender, announced on Tuesday that its board has given the green light to raise up to $3 billion through debt instruments in the present fiscal year.The government-run bank will secure the funds in…
Railway stocks: Ashwini Vaishnaw‘s continuation as the Railway Minister in the Modi 3.0 government is expected to bring renewed attention to stocks in the railway sector, many of which have delivered impressive returns over the past year.An analysis of the performance of railway sector stocks during the tenures of the four railway ministers in the…
Modi 3.0 agenda for Indian Railways: Prime Minister Narendra Modi-led NDA government is expected to continue its focus on infrastructure related sectors like roadways and railways for its capital expenditure push. Even as ministries have their 100-day agendas ready, Indian Railways is expected to focus on enhancing its capacity to carry both passengers and cargo.According…
Why did RBI move 100 tonnes of India’s gold reserves back into the country? TOI was the first to report about the central bank’s decision to bring back such big amount of gold back into India from the UK.Shaktikanta Das, the governor of the Reserve Bank of India, has now explained the rationale behind the…
Paytm layoffs: One97 Communications Limited, the parent company of Paytm, is currently undergoing a restructuring process that involves an undisclosed number of people being laid off. According to a PTI report quoting the company statement, Paytm is providing outplacement support to these employees, collaborating with over 30 companies that are currently hiring and assisting those…
Nagaraj Shetti of HDFC Securities says that there is a possibility of a minor dip in the market from the highs in the short term. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Monday morning reaching life-time highs. While BSE Sensex crossed the 77,000 mark,…
MUMBAI: After a brief setback last week, the sensex is on track to go beyond the 77,000 milestone as the new trading week starts after the formation of the new team of ministers in PM Narendra Modi’s third term.Dalal Street investors are expected to react to who helms the most important ministries – the finance…
