An unusual trade by an Indian exchange-traded fund has helped it edge past the benchmark it’s designed to mirror, a rarity in an era dominated by passive investing. Aditya…
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Rupee will depreciate further, no need to panic or worry: Axis Bank chief economist
Axis Bank chief economist Neelkanth Mishra on Tuesday said the is likely to depreciate further, and there is no need to panic over the movements in the domestic currency, which…
IndiGo mass flight cancellations dent ATF sales by 4.1 pc in Dec
IndiGo’s widespread flight cancellations in early this month resulted in aviation turbine fuel (ATF) sales falling by over 4 per cent in the first fortnight of December, according to preliminary…
Sensex, Nifty may open flat-to-weak amid rupee slide and global caution
Indian equity markets are likely to remain under pressure in early deals on Wednesday amid a weakening rupee and continued selling by foreign portfolio investors (FPIs). However, Gift Nifty at…
Japan’s Mizuho to buy over 60% stake in Avendus Capital for up to $524 million
Mizuho Securities Co, a consolidated subsidiary of Mizuho Financial Group, has entered into an agreement with KKR, the majority shareholder of Avendus Capital, to acquire over 60 per cent of…
Broker’s call: Arvind Fashions (Buy)
Target: ₹725 CMP: ₹513.35 Arvind Fashions Ltd stands at an inflection point, transitioning from consolidation into profitable scale-up with a sharper focus on five power brands. This phase of growth…
PNB Shares Recover After Fall After It Reported Rs 2,434 Crore Loan Fraud
Mumbai: Shares of state-owned lender Punjab National Bank on Monday recovered after an earlier fall, after it reported a loan fraud of Rs 2,434 crore last week, allegedly committed by…
Silver Retreats After Record Intraday High Of Over $84 Per Ounce
Mumbai: Silver prices in global markets retreated sharply after touching fresh intraday records of $84 per ounce in the spot market on Monday. The white metal slipped as much as…
Markets Trade Flat Amid Mixed Global Cues; Sensex Trading At 85,081
Mumbai: Indian benchmark indices traded flat with a mild positive bias early on Monday, tracking mixed global cues and subdued year-end participation. As of 9.30 am, Sensex moved up 40…
India’s Global Lending: Which Countries India Lends To; Which One Receives The Most Assistance
India’s Global Lending: India has evolved from being primarily a recipient of foreign aid to a provider of economic support and loans to several countries across Asia, Africa and Latin…