September 13, 2024 New Delhi, India India’s Retail Inflation Retail inflation in India edged up to 3.65% in August 2024, according to data released by the National Statistical Office (NSO) on Thursday. Despite the slight increase, inflation remained below the Reserve Bank of India’s (RBI) median target of 4% for the second consecutive month. Key…
September 13, 2024 New Delhi, India PN Gadgil Jewellers IPO The allotment date for PN Gadgil Jewellers IPO is expected to be today, September 13. Following the overwhelming demand and oversubscription of shares, investors are eagerly awaiting the basis of allotment to be finalized. The initial public offering (IPO) of PN Gadgil Jewellers Ltd opened…
September 13, 2024 New Delhi, India USD/INR The USD/INR pair traded slightly lower on Friday, continuing its downward movement from the previous session as recent US economic data reinforced expectations of an aggressive interest rate cut by the Federal Reserve (Fed) at its upcoming meeting. The CME FedWatch Tool shows a sharp increase in the…
September 13, 2024 New Delhi, India Gold Prices Gold prices (XAU/USD) continued their upward momentum for the second consecutive day, reaching a new all-time high around the $2,565-$2,570 level during the European session on Friday. The recent gains are driven by rising expectations for a larger interest rate cut by the Federal Reserve (Fed) next…
September 13, 2024 New Delhi, India Upcomig IPO BMW Ventures Limited, a diversified company headquartered in Patna, Bihar, is preparing to go public with an initial public offering (IPO). The company has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) and aims to issue 23,418,000 equity shares…
September 13, 2024 New Delhi, India ZEE Shares Zee Entertainment Enterprises Ltd. (ZEEL) shares rallied over 3% after the National Company Law Tribunal (NCLT) approved the recall of its merger order with Culver Max Entertainment Pvt Ltd (formerly Sony Pictures Networks India) and Bangla Entertainment Pvt Ltd (BEPL). The approval allows ZEE to withdraw the…
September 13, 2024 New Delhi, India The Adani Group has “unequivocally” rejected allegations made by U.S.-based short-seller Hindenburg Research that over $310 million linked to the group has been frozen by Swiss authorities in multiple bank accounts. Key Highlights: Hindenburg Allegations: Claim Details: Hindenburg Research cited a Swiss media outlet, Gotham City, which reported that…
September 13, 2024 New Delhi, India Currency Market News USDINR The Rupee ended nearly flat as intervention by the Reserve Bank of India helped stabilize the currency. India’s annual inflation rate rose slightly to 3.65% in August 2024 from 3.6% in July. Despite this, India’s robust growth prospects and consumption demand remain strong. EURINR The…
September 12, 2024 New Delhi, India Stock Market Today On Thursday, September 12, 2024, Indian equity markets soared to record highs, driven by positive global cues and strong buying across all sectors. The BSE Sensex surged 1,439.55 points or 1.77% to close at 82,962.71, while the NSE Nifty50 climbed 470.45 points or 1.89% to settle…
September 12, 2024 New Delhi, India Currency Market News USDINR The Rupee ended higher, supported by gains across regional currencies ahead of the crucial U.S. jobs report. RBI Governor Shaktikanta Das stated that the lower Q1 GDP figures were only a temporary setback, with growth momentum remaining strong. India’s services PMI climbed to a five-month…
