Stock markets declined for the third consecutive day on Wednesday, with benchmark Sensex closing lower by 120 points at a week’s low due to relentless foreign fund outflows. Photograph: Shailesh Andrade/Reuters The 30-share BSE Sensex edged lower by 120.21 points
Finance Minister Nirmala Sitharaman on Tuesday said that raising the FDI limit to 100 per cent in the insurance sector will help attract more capital, improve competition and increase insurance penetration by making policies more affordable. Illustration: Dominic Xavier/Rediff Replying
The Centre has notified the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet (REPM) with an outlay of Rs 7,280 crore. IMAGE: A sample of bastnaesite ore, a mineral used in the rare earth industry. Photograph: Maxim Shemetov/Reuters
After completion of its mandatory tender offer in Fortis Healthcare and Fortis Malar Hospitals, Malaysian health care giant IHH Healthcare is aiming to add 2,000 beds in a bid to double down on value creation in India. Photograph: Saumya Khandelwal/Reuters
Bhavish Aggarwal, Co-Founder of Ola Electric Mobility Ltd, on Tuesday (December 16) sold 2.6 crore shares, representing a 0.6% stake in the company, through a bulk deal. The shares were sold at an average price of ₹34.99 per share, bringing
ICICI Prudential AMC IPO in focus: The initial public offering of ICICI Prudential Asset Management Company Ltd., a subsidiary of ICICI Bank, received a solid response from investors during its three-day bidding period. The issue saw a subscription rate exceeding
The rupee fell 23 paise against the greenback to settle at a new all-time low of 91.01 (provisional) on Tuesday, weighed down by relentless foreign fund outflows, no breakthrough in India-US trade deal, and persistent US dollar buying. Illustration: Dominic
While 28,141 applicants accepted internship in round one, in the second phase this was down to 24,638. Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes. Under the Prime Minister Internship Scheme (PMIS),
Gold prices surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams in the national capital on Monday, tracking firm global cues, according to the All India Sarafa Association. Photograph: Arnd Wiegmann/Reuters The precious metal
The rupee on Monday crashed to its lowest-ever level of 90.80 before settling at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an
