The Indian rupee rose on Monday, but higher near-maturity US Treasury yields were expected to limit the upside for the currency. The rupee was at 82.61 against the US dollar by 10:35 a.m. IST, compared with 82.6475 in the previous session. The domestic currency reached an intraday high of 82.5325. The two-year US Treasury yield […]
TiE Delhi-NCR, an organization fostering entrepreneurship nationally, hosted the Delhi leg of its flagship event- India Internet Day (iDay), bringing together the brightest minds of the tech industry. This was close on the heels of the launch of the flagship event in Bengaluru in partnership with TiE Bangalore on 24 August. The 12th edition of […]
Amid the ongoing concerns of global economic slowdown and a possible recession in the United States (US), the Bank of Baroda in a report on Saturday has said that a weaker rupee will improve India’s export competitiveness. According to government data, India’s exports reportedly contracted by 15.88 per cent to USD 32.25 billion in July […]
A court-appointed Resolution Professional (RP) to oversee the ongoing insolvency process of Go Airlines has invited an Expression of Interest (EOD) from potential investors. On Monday, the airline, which operates Go First, put out a newspaper advertisement regarding the EoD with relevant details. The last date for receipt of interest by investors is August 9. […]
Oil prices experienced a decline in early Asian trade on Monday as global macroeconomic uncertainties and the possibility of further interest rate hikes by the US Federal Reserve offset predictions of tighter supplies resulting from OPEC+ cuts. Brent crude futures dropped by 20 cents, or 0.3 per cent, to USD 75.21 a barrel at 0044 […]
ENGAGE’23, presented by QueueBuster, a retail and technology summit, hosted on 24 June 2023 at JW Marriott in Aerocity, New Delhi, event showcased the collective power of more than 100 brands. The conclave witnessed a gathering of over 1,000 attendees, including entrepreneurs, investors, and professionals from various sectors. Indian actor Jimmy Shergill graced the occasion […]
The Offer for Sale in Coal India received a good response from non-retail investors on Thursday. The issue was subscribed 3.46 times the base size, the Department of Investment and Public Asset Management tweeted. Retail investors will be able to bid for the OFS on Friday. “Offer for Sale in CIL received enthusiastic response from […]
Samsung Electronics said on Friday that it was reducing memory chip production after it flagged a 95.8 per cent plunge in first quarter’s operating profit from the same period last year, as a downturn in semiconductor demand hurts it and other manufacturers of the components, according to Nikkei Asia. “The company is cutting memory production […]
