The rupee is now on a nine-day losing streak, losing around 2.5% of its value and repeatedly hitting fresh record lows against the US dollar. As the rupee slipped near…
Author: Admin
Nifty 50 may hit 28,000–30,000 by end of FY27: smallcase
Benchmark equity indices could see gradual gains in FY27, with the Nifty 50 expected to trade in the 28,000–30,000 range by the end of the financial year, driven primarily by…
Zepto plans to float ₹11,000-crore IPO in July
Quick commerce platform Zepto plans to launch its Rs 11,000-crore initial public offering (IPO) in July, people familiar with the matter said on Thursday. If the listing goes through, Zepto…
Adani Ports to acquire Jaypee Fertilizers for ₹1,500 crore through insolvency
Adani Ports and Special Economic Zone on Thursday said it will acquire a 100 per cent stake in Jaypee Fertilizers & Industries from Jaiprakash Associates for ₹1,500 crore, as part…
Spike in freight rates amid global tensions big challenge for steel sector: Tata Steel official
A 28-30 per cent surge in global freight costs amid geopolitical tensions, including the escalating West Asia situation, is emerging as the biggest challenge for India’s steel industry, even as…
SEBI sends show-cause notices to Capital Group entities in front-running case
The Securities and Exchange Board of India has sought information from Capital Group about trades by its entities in the local stock market that were flagged in a front-running case…
Novo Nordisk launches higher-dose Wegovy for those seeking greater weightloss
A new and higher dose of obesity drug Wegovy has joined Novo Nordisk’s semaglutide portfolio, giving patients and doctors more options for treatment. This comes even as semaglutide — the…
Amazon India widens beauty portfolio with 100 new premium brands
is adding over 100 new premium brands to its beauty portfolio this year amidst growing beauty per cap spends. Some of the brands include Dolce & Gabbana, Laura Mercier, Elemis,…
Man Industries (India) completes takeover of Saudi Arabia-based National Pipe Company
Man Industries (India) Ltd on Thursday announced the completion of the acquisition of 100 per cent stake in Saudi Arabia-based National Pipe Company Ltd (NPC) for $102 million (around ₹981…
Rupee recovers to 96.43 after hitting 100/USD in 1-year forward market
The rupee recovered from 100 per US dollar in forward market and was trading at 96.43 on Thursday after US President Donald Trump indicated that negotiations with Iran were entering…