Rupee breaches 42-mark against US dollar
At the forex market, the local currency resumed firm at 41.92/93 a dollar from its last close of 42.09/10 a dollar and later appreciated further to 41.84/85 a dollar in late morning deals.
By HT Correspondent | PTI, Mumbai
UPDATED ON JUL 24, 2008 11:58 AM IST
The Indian rupee surged strongly for the second consecutive day after the government won the trust vote and breached 42-level in more than two months amid rising stock markets and easing global oil prices.
At the Interbank Foreign Exchange (forex) market, the local currency resumed firm at 41.92/93 a dollar from its last close of 42.09/10 a dollar and later appreciated further to 41.84/85 a dollar in late morning deals.
Forex dealers said the rupee continued to draw support from expectations of capital inflows after the government has indicated that it would now focus on greater economic reforms, including relaxing FDI limit in sectors like insurance.
The rupee also benefited from consistent surge in stock prices resulting in fairly good inflows.
Foreign Institutional Investors bought shares worth about $300 million on July 23, as per provisional data.
The Indian benchmark Sensex was up 155 points at 1015 hrs on Thursday.
DHFL resolution: Lenders approve Piramal's bid
PTI, New Delhi
PUBLISHED ON JAN 17, 2021 08:29 PM IST
Piramal's bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital.
Indigo Paints to come up with its IPO on January 20. All you need to know
By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON JAN 17, 2021 07:16 PM IST
For the initial share sale ₹1,488- ₹1,490 has been set as the price band. The public issue would get ₹1,170.16 crore at the upper end of the price band.
Indian Railway Finance Corporation IPO opens tomorrow
Written by Meenakshi Ray
PUBLISHED ON JAN 17, 2021 05:20 PM IST
The Union cabinet had approved listing of five railway companies in April 2017. Four of them have been listed.
Amazon Prime Video to continue investing in local content, expanding reach
PTI
PUBLISHED ON JAN 17, 2021 05:05 PM IST
APV, which has recently partnered with Airtel to bring a mobile-only plan (a global first) for Indian users, competes with platforms like Netflix, Disney Hotstar, Zee5 and others in the country.
Plea in HC against Lakshmi Vilas Bank-DBS merger
PTI, New Delhi
PUBLISHED ON JAN 17, 2021 04:38 PM IST
The petition in the Delhi High Court has been filed by lawyer Sudhir Kathpalia, who was also a shareholder in Lakshmi Vilas Bank.
'Can't read your personal conversation: WhatsApp shares status amid backlash
Written by Poulomi Ghosh
UPDATED ON JAN 17, 2021 03:38 PM IST
Whatsapp said it can't see users' shared location and it doesn't share contacts with Facebook.
Demand to rationalise GST on food delivery business to 5%
PTI, Kolkata
PUBLISHED ON JAN 17, 2021 02:29 PM IST
Restaurateurs said a high commission of 23-24 per cent by food delivery platforms have turned out to be a pain point even for several months of reopening after lockdown
Indian economy may contract by 25 per cent in current fiscal: Expert
PTI
PUBLISHED ON JAN 17, 2021 02:25 PM IST
The Reserve Bank of India (RBI) has projected the Indian economy to contract 7.5 per cent in the current financial year, while the National Statistical Office (NSO) estimates a contraction of 7.7 per cent.
Bank credit grows 3.2 pc in first nine months of FY21
PTI, Mumbai
PUBLISHED ON JAN 17, 2021 01:48 PM IST
In the fortnight ended March 27, 2020, bank advances stood at ₹103.72 lakh crore.
Six of top-10 most valued firms add over ₹1.13 lakh crore
PTI
PUBLISHED ON JAN 17, 2021 10:59 AM IST
Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Infosys, ICICI Bank and Bharti Airtel were the gainers.
UK's Deliveroo raises $180 million from investors, valued at $7 billion
Reuters
PUBLISHED ON JAN 17, 2021 05:37 AM IST
Deliveroo operates across 12 countries, mostly in western Europe but also in Australia, Hong Kong, Singapore and the United Arab Emirates. It did not state how much each investor had contributed in the latest funding round.
WhatsApp defers new policy on info sharing
By HT Correspondent, New Delhi
PUBLISHED ON JAN 16, 2021 11:38 PM IST
WhatsApp cancelled its February 8 deadline for accepting the tweak to its terms of service, involving sharing data with Facebook servers. The platform said it would instead “go to people gradually to review the policy at their own pace before new business options are available on May 15.”
Bitcoin swings undermine CFO case for converting cash to cryptocurrency
Bloomberg
PUBLISHED ON JAN 16, 2021 09:16 PM IST
Chief financial officers, not generally known as a risk-loving bunch, watched Bitcoin sink more than 25% in a 24-hour period starting Sunday.
HDFC Bank penalises its executive for inadvertently selling shares
PTI, Mumbai
PUBLISHED ON JAN 16, 2021 09:01 PM IST
The panel has determined that there was a violation of the Bank's Code and PIT Regulations and imposed a penalty of ₹10.20 lakh on Tata.
Adani Group rebuts allegations, says no loan to it turned NPA
PTI, New Delhi
PUBLISHED ON JAN 16, 2021 08:43 PM IST
The ports-to-energy conglomerate said it has built stellar infrastructure assets in the nation adopting prudent corporate governance.