The recent depreciation of the rupee along with sharp fall in the country’s foreign exchange (FX) reserves has sparked a debate whether stability of the exchange rate is necessary and desirable. The rupee was one of the least volatile currencies
Benchmark Sensex spurted by 454 points and Nifty closed above 23,300 on Monday following gains in banking stocks, mainly Kotak Mahindra Bank, and firm global trends. Photograph: Danish Siddiqui/Reuters The 30-share BSE Sensex jumped 454.11 points or 0.59 per cent
US short-seller Hindenburg Research has said it is not under investigation by the US SEC as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies. Photograph: Andrew Kelly/Reuters “Hindenburg is not under investigation
Reliance Industries Ltd, India’s most valuable company, is back on a growth path after six months of challenges as it posted better than expected earnings in the December quarter, brokerages said. Photograph: Amit Dave/Reuters Oil-to-telecom-and-retail conglomerate’s highest-ever EBITDA of Rs
India’s most valued company, Reliance Industries Ltd (RIL), reported a robust performance in the third quarter of the current financial year (Q3FY25), surpassing analyst expectations. This coupled with positive commentary by brokerages led to the stock of the oil-to-telecom conglomerate
Tata Elxsi (TelX) reported a weak Q3FY25, with a sharp deceleration in the transportation vertical. However, recent deals in the Asia-Pacific (APAC), higher mix of original equipment makers (OEMs) and partnership with Qualcomm will improve growth. FY25 is the third
Asset management companies are likely to report strong PAT growth in Q4FY24 on the back of AUM growth Although net inflows into equity mutual funds deteriorated month-on-month (M-o-M) in March 2024 to Rs 22,576 crore (excluding Hybrid), down 15 per
‘At present, the idea is to expand, consolidate, and stabilise in South India, Mumbai, Pune and grow on what we have been doing.’ Photograph: Kind courtesy Prestige Group Real estate major Prestige Group reported a sales milestone of Rs 21,040 crore
