Rupee rises 3 paise to end at 83.43 against US dollar
The rupee appreciated 3 paise to settle at 83.43 (provisional) against the US dollar on Friday, tracking a weak American currency and retreating crude oil prices. Forex traders said a massive selling in the domestic equity market and outflow of foreign funds capped the gains in the local currency. At the interbank...
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Rupee falls 3 paise to settle at 43.46 against US dollar
The rupee stayed range-bound and closed 3 paise lower at 83.46 (provisional) against the US dollar on Thursday amid a strong American currency and rising crude oil prices in global markets. Forex traders said positive sentiment in the domestic equity markets and the inflow of foreign capital capped a sharp fall...
Paul John Nirvana bags Gold medal in London competition
John Distilleries Ltd’s Paul John single malt whiskey ‘Nirvana’ has been awarded “Gold” medal in the prestigious London Spirits Competition 2024. JDL’s two other offerings — Roulette London Dry Gin and Paul John XO Brandy — have also won ‘Silver’ medals. JDL is the only Indian company to have been...
China, Hong Kong account for 56 per cent of India’s total imports of electronics, telecom, electrical products: GTRI
India’s imports of electronics, telecom, and electrical products soared to USD 89.8 billion in 2023-24 and over half of these imports are sourced from China and Hong Kong, economic think tank GTRI said in its report. China dominates with a commanding 43.9 per cent share of India’s imports in electronics, telecom,...
Federal Bank Q4 profit rises marginally to Rs 906 crore
Federal Bank on Thursday reported a marginal rise in March quarter net profit at Rs 906 crore, impacted by pension provisions. In the year-ago period, profit was Rs 903 crore. In the full fiscal year FY24, profit increased to Rs 3,720 crore from the year-ago’s Rs 3,010 crore. The private sector...
Digital payment has transformed financial landscape: Airtel Payments Bank CEO
Airtel Payments Bank CEO Anubrata Biswas is optimistic that the payments bank momentum in India will yield strong growth horizons and opportunities in the coming years, supported by financial inclusion imperatives and rapid pace of economic and digital growth. In an interview to PTI, Biswas said FY24 has been a “remarkable...
SK Finance files draft papers with Sebi to garner `2,200 crore via IPO
Vehicle finance and business loans-focused non-bank lender SK Finance has filed preliminary papers with capital markets regulator Sebi to garner Rs 2,200 crore through an initial share sale. The proposed initial public offer (IPO) is a combination of a fresh issue of equity shares worth Rs 500 crore and an offer...
India among fastest growing markets with potential to be among top 10: Airbnb CBO
India is one of the “fastest-growing markets” for online accommodation hosting platform Airbnb and the country has the potential to be among its top 10 global markets in the coming years, according to its Chief Business Officer Dave Stephenson. The company is investing in India to tap the opportunity of...
