At the interbank foreign exchange, the domestic unit opened at 84.70 on May 13 and fell to an early low of 84.74 and a high of 84.62 against the greenback, registering a gain of 74 paise over its previous close. | Photo Credit: REUTERS The rupee appreciated 74 paise to 84.62 against the US dollar…
People walk past the BSE building in Mumbai on May 12, 2025. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty dropped in early trade on Tuesday (May 13, 2025), a day after recording a sharp rally, amid the emergence of profit-taking. The 30-share BSE benchmark gauge Sensex, declined by 497.5 points to 81,932.40…
Currently, Indian ownership in Zepto stands at just over 42%. File | Photo Credit: Reuters Motilal Oswal Financial Services co-founders Motilal Oswal and Raamdeo Agrawal have purchased Zepto shares worth $50 million (about ₹424 crore) each in a secondary transaction, while an additional $250 million round is in the pipeline, according to people familiar with…
LIC has hiked its stake in Bank of India (BoI). File | Photo Credit: Reuters Life Insurance Corporation (LIC) has hiked its stake in Bank of India (BoI) to 8.38% as of May 9. LIC has bought about 2.026% stake in public sector BoI between September 2, 2021, and May 9, 2025, BoI said in…
Cipla reports a fourth-quarter profit. File | Photo Credit: Reuters Cipla, India’s third-biggest drugmaker by sales, reported a fourth-quarter profit that beat estimates on Tuesday (May 13, 2025), helped by strong demand for its drugs used to treat chronic conditions, especially respiratory illnesses. The company’s consolidated net profit came in at ₹12.22 billion ($143.5 million)…
Image used for representative purposes. File | Photo Credit: Reuters The rupee pared most of its initial gains to settle 3 paise higher at 85.33 (provisional) against the American currency on Tuesday (May 13, 2025), due to rising appetite for riskier assets amid easing trade tariff tensions. However, rising crude oil prices, a strong U.S….
Image for representation | Photo Credit: Reuters Securities and Exchange Board of India (SEBI) warned investors of Strata SM REITS that the application to surrender registration was accepted by the market regulator. SEBI’s decision follows “certain news reports and review of certain legal proceedings against the promoter”, according to a statement from SEBI. “SEBI engaged…
Representative image | Photo Credit: PTI Equity benchmark indices Sensex and Nifty rebounded in early trade on Wednesday (May 14, 2025) as retail inflation eased to a nearly six-year low of 3.16% in April, creating enough room for the Reserve Bank to go for another round of rate cuts in the June monetary policy review….
Representative image | Photo Credit: Reuters The rupee appreciated 31 paise to 85.05 against the U.S. dollar in early trade on Wednesday (May 14, 2025), supported by gains in domestic equities and positive macroeconomic data. Forex traders said a surge in global crude oil prices may weigh on the rupee. Over the last few sessions,…
A cooling U.S. April inflation data and a pause in global trade tensions added to the positive trend in the equity markets, traders said. File | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty ended higher on Wednesday (May 14, 2025) as retail inflation eased to a nearly six-year low of 3.16% in…
