The rupee stayed range-bound and settled 1 paisa higher at 83.29 against the US dollar on Thursday amid a negative trend in domestic equities and sustained foreign fund outflows. At the interbank foreign exchange, the rupee opened at 83.25 and finally settled at 83.29 against the greenback, registering a gain of 1 paisa from its […]
FPIs reverse selling trend; invest Rs 378 crore in equities in November
Foreign Portfolio Investors (FPIs) have pared their bearish stance on Indian equities during November as they made a net investment of Rs 378 crore on the sharp decline in US treasury bond yields. This came after FPIs dumped Indian equities worth Rs 24,548 crore in October and Rs 14,767 crore in September, data with the […]
Virat Kohli’s milestone century brings cheer to fans worldwide – See photos
1/7 Virat Kohli on Sunday cracked his 49th century in the ICC World Cup match against South Africa at Kolkata’s Eden Gardens. Achieving this mammoth feat, the former India skipper equaled the record of Cricketing legend Sachin Tendulkar. Interestingly, Kohli reached the milestone on his 35th birthday.(AP /PTI Photos) 2/7 While he has several record
Tech trends in the healthtech industry to look out for in 2024
By Vikram Patel With the new year just around the corner, it becomes vital to foresee the trends that will shape the healthcare industry, considering how technology has already revolutionized this landscape to a large extent. With this in mind, it is crucial to note that the upcoming year can mark the onset of a […]
Global trends to dictate movement in markets this week amid lack of domestic triggers: Analysts
Stock markets will be largely driven by global trends in the absence of any major domestic triggers this week, say analysts. The trading activity of foreign investors, global crude oil prices and rupee-dollar movement will also influence market movement, they said. “Anticipating a period of consolidation in the absence of clear global cues, the mar
Big banner films could see box office pickings top Rupees 13K crore
Cine-goers will have no dearth of choice in the coming year as the Indian film landscape promises to come alive with big-banner movies in both Hindi and regional languages. While 2022 was all about films from the south and 2023 saw the resurgence of Hindi movies, 2024 will be a happy mash-up of movies from […]
Rating: add | NMDC: Optimistic outlook for FY25
NMDC’s Q2FY24 EBITDA fell short of our expectations, primarily driven by lower realisations attributed to the increased volume contribution from Karnataka. Despite strong demand, alleviation of evacuation constraints resulted in a 25% y-o-y volume growth in in the first seven months of fiscal year 2024 (7MFY24). Consequently, we are revising our vo
Softbank pares 1.1 pc stake in Zomato worth Rs 1,128 cr
Japanese conglomerate Softbank on Friday divested a 1.1 per cent stake in online food delivery aggregator Zomato for Rs 1,128 crore through an open market transaction.Following the stake sale, shares of Zomato fell 1.27 per cent to close at Rs 120.15 apiece on the NSE. Invesco Mutual Fund (MF), Sundaram MF, Edelweiss MF, ICICI Prudential […]
Bengaluru to become ‘Sports Hub of India’, says Minister Anurag Thakur as sports infra boosts under Khelo India scheme
While inaugurating the newly constructed 330 bedded & 300 bedded hotels and 400m synthetic athletics track on Saturday, Union Sports Minister Anurag Singh Thakur asserted that Bengaluru will soon be called a ‘Sports Hub of India’ with the right weather conditions and sports infrastructure.With a project cost of Rs 28.72 cr, the 330-bed hotel is
Globalising Indian thought; Indian school, universal mission
The Indian Institute of Management (IIM) Kozhikode is looking at either London or Singapore as the next destination for holding ‘Globalizing Indian Thought’ – its flagship annual conference. “We are in touch with our alumni base, and are contemplating either London or Singapore – wherever it’s economically viable – to hold the next edition,” Prof [