Mcap of BSE-listed firms hits fresh record high of Rs 294.49 lakh crore in morning trade

Mcap of BSE-listed firms hits fresh record high of Rs 294.49 lakh crore in morning trade

The market capitalisation of BSE-listed firms hit a fresh all-time high of Rs 294.49 lakh crore in Wednesday’s morning trade as the benchmark Sensex reached its lifetime peak of 63,588.31. The 30-share BSE benchmark advanced 260.61 points or 0.41 per cent to hit its all-time high of 63,588.31 in morning trade. On December 1 last … Read more

Adani to raise $3.5 bn from share sale in three group cos

Adani to raise $3.5 bn from share sale in three group cos

Billionaire Gautam Adani‘s conglomerate is looking to raise about USD 3 billion through an equity share sale to institutional investors in the boldest comeback strategy after the ports-to-energy group was hit by a damning report of a US short seller. While boards of Adani Enterprises Ltd – the group’s flagship firm – and electricity transmission … Read more

Rupee snaps 3-day losing streak on softer dollar

Rupee snaps 3-day losing streak on softer dollar

The Indian rupee on Tuesday saw its first gain in four sessions as a slightly weaker dollar and improving economic data supported the local currency.The rupee closed at 82.2050 against the U.S. dollar, up from 82.2950 in the previous session. The rupee had dropped to a six-week low of 82.3725 on Monday. The dollar, which … Read more

US dollar falls from five-week high as data, debt ceiling weigh

US dollar falls from five-week high as data, debt ceiling weigh

NEW YORK/LONDON – The dollar slid from a five-week high on Monday, pressured by a weak manufacturing index in New York state and as it consolidated gains made last week amid fears about the debt ceiling and the US economy. In emerging markets, the Turkish lira sank to a near record low as weekend elections … Read more

If T.N. can sustain its current average of 10% growth, it may reach USD 1 trillion economy benchmark by 2034: report

If T.N. can sustain its current average of 10% growth, it may reach  USD 1 trillion economy benchmark by 2034: report

Tamil Nadu Chief Minister M. K. Stalin releasing the report, ‘Accelerating Tamil Nadu’s progress to becoming a One Trillion Dollar Economy by 2030-31’ at a function held in Chennai on Saturday. Looking on are: (from left) Subhrakant Panda, president, FICCI, T. M. Anbarasan, Minister for MSME, T. Mano Thangaraj, Minister for Information Technology and Anish … Read more

World Bank to fund USD 363 million to revive 500 rural water reservoirs in seven water-stressed districts of Karnataka

World Bank to fund USD 363 million to revive 500 rural water reservoirs in seven water-stressed districts of Karnataka

According to a release by World Bank, the assistance will support Karnataka’s ambition to provide functioning tap water connections to every rural household in the state. | Photo Credit: SRIRAM MA The World Bank has approved a 363 million dollar (USD) loan to Karnataka to provide a clean and safe drinking water to two million … Read more

Rupee unlikely to recoup 2022 losses in the next year: Reuters Poll

Rupee unlikely to recoup 2022 losses in the next year: Reuters Poll

The Indian rupee will remain at its current level three months from now and gain only marginally by the end of February 2024, barely recouping any of its losses from last year, a Reuters poll of foreign exchange strategists found. The rupee has steadied after falling more than 10% in 2022, when it was one … Read more

How various asset classes perform during inflationary periods

How various asset classes perform during inflationary periods

What should you expect fromyour portfolio when inflation peaks out? Trying to predict when inflation will peak is a lot like trekking. In both cases, the peak is only visible when we zoom out & look from a distance. While in the middle of the climb, we frequently believe we have achieved the peak, only … Read more

Rupee headed for more pain as USD likely to end with huge gain this month

Rupee headed for more pain as USD likely to end with huge gain this month

It seems for the fourth straight month, the greenback will end with a huge gain, all thanks to the US Federal Reserve Bank. In fact, except for May, in the entire 2022, the greenback has stayed buoyant. Nothing has changed in case of a trend. The US dollar skyrocketed to a new 24-year high against … Read more

India holds debt restructuring talks with Sri Lanka

India holds debt restructuring talks with Sri Lanka

India and Sri Lanka held the first round of talks here last week on restructuring the bilateral official debt of the island nation facing economic crisis, according to an official statement on Tuesday. The discussions symbolise India’s support to early conclusion and approval of a suitable IMF Programme for Sri Lanka, for which financing assurances … Read more