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Rupee likely to depreciate amid strong dollar demand, risk aversion in markets; USDINR pair to trade sideways

The Indian rupee Rupee is likely to depreciate against the US Dollar on Wednesday amid strong US dollar, risk aversion in markets, US inflation and Fed rate hike fears. USDINR spot price is expected to trade in a range of Rs 78.50 to Rs 80.50 in next couple of sessions. Rupee depreciated by 39 paise …

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Petrol, diesel sales fall in July as monsoon sets in

Petrol and diesel sales in the country fell in July over the previous month as the onset of monsoon chipped away demand in some sectors and restricted mobility, preliminary industry data showed. Diesel, the most widely used fuel in the country, saw consumption drop 13.1 per cent to 6.44 million tonnes from 7.39 million tonnes …

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Tamil Nadu: Petrol bomb hurled outside Governor RN Ravi’s residence, BJP alleges DMK ‘sponsoring’ attacks

A petrol bomb was hurled outside Tamil Nadu Governor RN Ravi’s residence in Chennai on Wednesday. A complaint has been filed in Guindy police station, reports ANI. #WATCH | Tamil Nadu: A petrol bomb was hurled outside Raj Bhavan today in Chennai. A complaint has been lodged in Guindy police station. Further details awaited. pic.twitter.com/irbfkZ3sYL …

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IRM Energy sees lacklustre debut on bourses, lists at 5% discount; Should you hold or exit?

IRM Energy shares listed a 5.49% discount over the IPO price amidst weak market sentiments. On the NSE, the stock debuted at Rs 477.25, compared to the Rs 505 issue price, while on the BSE, it listed at Rs 479 “Despite strong subscription demand for its ipo, IRM Energy listing was below street expectations mainly …

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Fairfax-backed Go Digit to raise Rs 1,250 crore through IPO

Go Digit General Insurance, which is backed by Canada’s Fairfax Group and celebrity investor Virat Kohli, on Tuesday filed a draft red herring prospectus (DRHP) with markets regulator Sebi for a Rs 1,250-crore initial public offering (IPO). The proposed IPO will also include an offer-for-sale (OFS) of up to 10,94,45,561 equity shares by the company’s …

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Indore-5 Constituency Madhya Pradesh Assembly Election 2023: Date of Result, Voting, Counting; Candidates

Indore-5 MP Assembly Election 2023 Details: The Election for Indore-5 Assembly Constituency in Madhya Pradesh will be held on November November 17. The date of voting and result was officially announced by the Election Commission of India on October 9 . Here are the important details of the Indore-5 Constituency Assembly Election 2023 that you …

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Share Market Today: Sensex reclaims 60000, up 300 pts, Nifty tops 17900; Fed minutes eyed

Go to Live Updates Share Market News Today | Sensex, Nifty, Share Prices: Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 were trading higher on Wednesday, a day before weekly F&O expiry. While Sensex rose 300 points or 0.5 per cent to climb above 60,000, its broader peer NSE Nifty 50 was up …

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Balaji Solutions files draft papers with Sebi to raise funds via IPO

IT hardware and mobile accessories firm Balaji Solutions has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).The public issue consists of a fresh issue of equity shares worth up to Rs 120 crore and an offer-for-sale (OFS) of up to 75 lakh equity shares by promoter …

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Zerodha’s Nikhil Kamath tells when to buy stocks, shares Buffett formula to find the right time

Indian equity markets were trading firmly in green on Wednesday. While Sensex reclaimed 60,000, Nifty 50 climbed above 17,900. Amid the recent rally, investors are looking to enter the stock market to take advantage of the bull momentum. For all those who are confused when to buy stocks, Zerodha co-founder Nikhil Kamath shared some advice …

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Petrol and diesel price August 25: No change in fuel cost; Check prices in Delhi, Mumbai, other cities here

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged for more than three months by OMCs on August 25. The last country-wide change in price came on May 21, when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by …

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