[ad_1] MUMBAI: The sensex and Nifty scaled new peaks on Friday in intraday deals before closing marginally lower due to profit booking in FMCG, tech and healthcare stocks.A weak trend in global equities weighed on sentiment, but renewed foreign capital inflows and stable crude oil prices in international markets supported the markets, traders said. Markets…
[ad_1] MUMBAI: The rupee hit a two-month high to close at 83.10 in the foreign exchange market on Friday, up 14 paise from its previous close of 83.24.The rupee gained nearly 0.3 per cent this week – its biggest weekly gain in over five months. Dealers said that the currency gained as there were some…
[ad_1] TOKYO: Stocks in Asia were mixed Friday after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. Benchmarks fell in Tokyo, Sydney and Seoul but rose in China, where investors were focused on the release of April inflation figures. In Japan, the Finance Ministry reported a record…
[ad_1] MUMBAI: Markets regulator Sebi has said that investors holding mutual fund units jointly may not nominate someone or willingly opt out of nomination, as is the case when investments are in the name of a single investor. There were MF distributors and financial planners who had raised the issue with the regulator when a…
[ad_1] MUMBAI: Market benchmarks Sensex and Nifty wilted under selling pressure on Friday after a five-day rally as investors pared exposure to banking, financial and consumer durable stocks amid mixed trends in global markets.Rising global crude prices, a depreciating rupee and persistent foreign fund outflows further weighed on sentiment, traders said.Profit-taking also came into play…
[ad_1] MUMBAI: Food delivery major Swiggy has received the go ahead from its shareholders to float a $1.2-billion IPO, regulatory filings sourced from market intelligence platform Tofler showed. The Bengaluru-based firm, which rivals listed peer Zomato, aims to raise up to Rs 3,750 ($450 million) crore by issuing fresh equity shares and up to Rs…
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[ad_1] NEW DELHI: Foreign portfolio investors (FPIs) maintained their position as net buyers in the Indian stock markets for the third consecutive month in April. According to data from the National Securities Depository Limited (NSDL), FPIs have purchased stocks worth Rs 13,347 crore in India so far this month. Despite the positive trend, VK Vijayakumar,…
[ad_1] BENGALURU: Wipro has appointed Malay Joshi as the CEO of its Americas 1 strategic market unit, effective immediately. Joshi succeeds Srini Pallia, who was appointed as CEO and MD of Wipro on Saturday.Joshi will also join Wipro’s executive board. He was previously the senior vice president and business unit head, leading communications, media, tech,…
[ad_1] NEW DELHI: Bridgestone said tyre market in India will grow by around 5% this year as it expects the country to emerge as its fastest growing market globally.Japanese tyre major, which is investing nearly $300 million in India, plans to increase tyre production to 40,000 units per day over the coming years from the…
