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Happiest Minds Makes Stellar Debut, Lists At 111% Premium Over Issue Price
Edited by Peter Noronha | Thursday September 17, 2020Happiest Minds Technologies' Rs 702-crore IPO was over-subscribed by a whopping 150.98 times, making it one of the most subscribed share offerings in recent history. -
Sensex Drops Over 150 Points, Nifty Below 11,550; Financial, Metal Stocks Weigh On Markets
Edited by Sandeep Singh (with inputs from agencies) | Thursday September 17, 2020MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.82 per cent, running out of steam after five straight days of gains. -
How To Check Allotment Status Of Route Mobile IPO
Edited by Peter Noronha | Thursday September 17, 2020Route Mobile IPO: The retail investors portion was subscribed 12.67 times, non-institutional investors, 192.81 times, and portion set aside for qualified institutional buyers was subscribed 89.76 times. -
Airlines Want $1.5 Billion In Interest-Free Credit Line: Minister
Anurag Kotoky, Bloomberg | Thursday September 17, 2020IndiGo is the world's biggest customer for Airbus SE's best-selling A320neo jets, while SpiceJet is among the top buyers of Boeing Co.'s now-grounded 737 Max planes. -
US Central Bank Vows To Keep Interest Rates Low, Expects Slow Recovery Ahead
Reuters | Thursday September 17, 2020, WashingtonThis was the Fed's last policy decision before the country's November 3 presidential election, delivering the winner a runway of low borrowing costs for years to come. -
Lok Sabha Passes Legislation To Bring Cooperative Banks Under RBI Control
Press Trust of India | Thursday September 17, 2020, New DelhiReplying to the debate on the bill, Finance Minister Nirmala Sitharaman said this legislation is for depositors' safety and not for undermining powers of the Registrar of Cooperative Societies. -
Petrol, Diesel Prices Slashed By 13-20 Paise On Thursday
Edited by Peter Noronha | Thursday September 17, 2020In Delhi, the prices of petrol were cut to Rs 81.40 per litre from Rs 81.55 per litre and diesel rates were reduced to Rs 72.37 per litre from Rs 72.56 per litre, according to Indian Oil Corporation. -
Sensex, Nifty Set To Have A Weak Opening
Edited by Peter Noronha (with inputs from agencies) | Thursday September 17, 2020The domestic markets are likely to open in the red, following weak global cues amid concerns of economic recovery worldwide. -
PMC Bank, Hit By Fraud, Seeks Merger With Other Banks: Report
Reuters | Wednesday September 16, 2020HDIL and its associates owe Rs 6,981 crore to PMC, but at Rs 1,160 crore, the realisable value of its securities was "grossly insufficient". -
Flipkart Eyes Overseas IPO As Early As 2021: Report
Reuters | Wednesday September 16, 2020, New Delhi/BengaluruFlipkart said it would use the funds, to be received in two tranches this fiscal year, to support the development of its e-commerce marketplace as India emerges from the COVID-19 crisis. -
Flipkart To Employ 70,000 In Supply Chain Operations This Year
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday September 16, 2020Flipkart is likely to choose between Singapore, or the United States for the initial public offering (IPO). -
Economic Activities Revived With Phased Unlocking Since June: Government
Press Trust of India | Wednesday September 16, 2020Union Minister of State for Home Nityanand Rai said in the Rajya Sabha that the strict lockdown, first announced on March 24, was effective in containing the impact of the coronvirus pandemic. -
Economic Recovery Still Not Well Entrenched: RBI Governor Shaktikanta Das
Press Trust of India | Wednesday September 16, 2020, New DelhiRBI Governor Shaktikanta Das said that the economic recovery was not yet fully entrenched and also that the recovery is likely to be gradual. -
Sensex, Nifty Rise To Nearly 3-Week Highs As Markets Extend Gains
Written by Sandeep Singh | Wednesday September 16, 2020Share Market Updates: Dr Reddy's Laboratories, Mahindra & Mahindra, Hindalco, Bajaj Auto and Britannia, closing between 3.05 per cent to 4.44 per cent higher, were the top percentage gainers in the 50-scrip Nifty index. -
Rupee Ends Volatile Session Higher At 73.52 Against Dollar; All Eyes On US Central Bank
Edited by Sandeep Singh (with inputs from agencies) | Wednesday September 16, 2020Domestic equity markets continued to gain for a second straight day, with benchmark indices Sensex and Nifty scaling their highest closing levels since August 28.
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