AMERICAN EXCHANGES
Rupee falls 4 paise to 83.55 against US dollar in early trade
Rupee fell 4 paise to 83.55 against the US dollar due to strong American currency and high crude prices. Forex traders and RBI measures, including foreign fund inflows and high FX reserves, partially restrained the fall. Brent crude at $85.14, dollar index 104.21, weak US CPI data, inflows, and record-high FX reserves noted.
ATC to convert Rs 160 crore of Voda Idea bonds into equity
American Tower Corp's India unit requests Vodafone Idea to convert remaining debentures into equity shares, potentially giving ATC a 0.2% stake. Vi is taking steps to fulfill the conversion as part of its financial strategy amidst intense competition in the telecom sector.
Rupee rises 5 paise to 83.44 against US dollar in early trade
The Indian rupee appreciated 5 paise against the US dollar, supported by a retreat in crude oil prices and foreign fund inflows. Analysts predict a broad trading range for the rupee amid positive economic indicators.
Finally, a Russian scientist puts an American conspiracy theory to rest
A persistent conspiracy theory in the US claims the 1969 Apollo 11 moon landing was faked, suggesting NASA staged photos and videos. Russian scientist Yury Borisov, head of Roscosmos, confirmed the authenticity of lunar soil samples provided by the US, potentially discrediting the conspiracy. Russia's lunar mission failed in 2023, while India and China have successfully landed on the moon.
FII stake in HDFC Bank falls below 55%, ADRs rally on likely inflows
HDFC Bank's shares surged, attracting billions, with FIIs reducing stakes. Analysts predict a significant increase in the MSCI index weight, potentially doubling inflows. The bank's NSE shares closed higher, reflecting positive investor sentiment.
How Indian-American businessman duped Goldman Sachs of Rs 8,300 crore
Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison for his role in a $1 billion fraud scheme involving high-profile investors like Goldman Sachs and Google's parent company, Alphabet. The scheme, which included inflating advertising inventory and deceiving investors and clients, was uncovered in 2017. Shah's extravagant lifestyle, funded by fraudulent activities, included private jets and yachts. His sentencing marks the conclusion of one of the largest corporate fraud cases in recent history, highlighting the consequences of deceptive business practices.
- Go To Page 1
ITC to double raw tobacco exports to BAT by 2025-26
ITC Ltd plans to significantly increase exports of raw tobacco to British American Tobacco (BAT), targeting a value of up to Rs 2,350 crore by 2025-26. This move follows a decline in exports last fiscal. The proposal requires shareholder approval due to its scale and related-party nature under SEBI regulations.
US presidential debate: Biden 'like a Palestinian' in exchange on Israel, says Donald Trump
During a presidential debate at CNN headquarters, Donald Trump accused US President Joe Biden of siding with Palestinians by allegedly refusing to help Israel "finish the job" against Hamas. Trump claimed Biden has become like a weak Palestinian. Biden defended his economic record and criticized Trump, but struggled with his delivery. The debate highlighted their stark differences on issues like abortion, the economy, and foreign policy.
Rupee trades in narrow range against US dollar in early trade
The rupee traded against the US dollar, influenced by positive domestic equities and the strength of the American currency. Forex traders noted the impact of the strong US dollar and elevated crude oil prices on the local unit.
Rupee recovers 3 paise to 83.58 against US dollar in early trade
Rupee trades 3 paise higher at 83.58 against the US dollar, supported by foreign capital and strong equity market sentiment.
Record block deals! Dalal Street scores Rs 23,000 crore screamer, from a Voda assist
Indian stock markets hit a milestone with record block deals worth ₹23,000 crore, driven by Vodafone Group's stake sale in Indus Towers.
Global traders flood American markets in search for safety
International investors are flooding American markets with $30 billion in stock funds, mainly targeting US tech shares. The S&P 500 and long-dated Treasuries are outperforming global markets amid economic and political uncertainties.
Rupee opens flat against US dollar in early trade
The rupee is expected to swing within a range of 82.90 to 83.70, influenced by Foreign Institutional Investors, capital markets, and anticipated inflows like Reliance Infrastructure raising USD 350 million.
US considering unilateral talks on hostage deal with Hamas, NBC reports
U.S. officials are considering a direct deal with Palestinian Hamas militants to free five American hostages held in Gaza if ceasefire talks with Israel fail. It's unclear what the U.S. might offer Hamas in return. The hostages were taken during a deadly Hamas incursion into Israel, prompting a retaliatory Israeli response. Secretary of State Antony Blinken believes the best way to secure their release is through the current ceasefire proposal. Any talks would be facilitated by Qatar and exclude Israel, potentially straining U.S.-Israel relations.
Dollar or other currencies? How the US is daring the world to find a dollar alternative
The United States is challenging its own foundations as the world's reserve currency with attacks on the legal system following Donald Trump's conviction. Despite growing consternation, no credible alternative has emerged. The dollar's dominance stems from U.S. democratic principles, but threats loom as sanctions and political turmoil test its credibility.
Modi good not just for India but for entire South Asia: Pakistani-American businessman
Pakistani American businessman Sajid Tarar praises Prime Minister Narendra Modi for ensuring stability in India and South Asia, emphasizing Modi's leadership as crucial for the region's future. Tarar hopes for improved India-Pakistan relations under Modi's leadership, highlighting the need for strong leadership in both countries to address political and economic challenges.
Juneteenth 2024 date, history: Is it federal holiday? Are New York Stock Exchange, banks, postal services closed?
Juneteenth holiday is nearing and it will be observed on Wednesday, June 19. It is a federal holiday.
Election Verdict Impact! ICICI Bank, HDFC Bank, RIL ADRs plunge up to 11%
The decline follows mayhem in the Indian markets. The benchmark index S&P BSE Sensex closed at 72,079.05, falling by 4,390 points or 6%. Nifty 50 corrected by 1,379.40 points or 6% to settle at 21,884.50. ADRs of Wipro, MakeMyTrip, Yatra Online, Dr Reddy's Laboratories were some of the other losers, which fell up to 3%.
Rupee rises 5 paise to 83.24 against US dollar in early trade
Rupee appreciated 5 paise to 83.24 against US dollar in early trade on Friday due to robust sentiment in domestic equity markets and downward trend in crude oil prices overseas.
Wall Street ends lower amid rate concerns, higher bond yields
Stocks declined following the Beige Book release, showing U.S. economic expansion and reduced rate cut expectations, per CME FedWatch Tool.
Here's what every key witness said at Donald Trump's hush money trial
Key witnesses in Donald Trump's trial, such as Hope Hicks and Robert Costello, provided insights into the events following the 'Access Hollywood' leak. Testimonies also included details from Trump's lawyers and associates.
Chatter doesn't matter: Has Adani been able to firewall himself?
Adani Group faced a tumultuous period after allegations by Hindenburg Research, but quickly recovered and regained market value. Recent accusations regarding a coal deal and ethical concerns have failed to impact the group's stocks significantly. Investors seem impervious to negative chatter as the group continues its growth journey.
Elon Musk: I'm against tax incentives for EVs
"Neither Tesla nor I asked for these tariffs, in fact I was surprised when they were announced", Musk said, referring to such policies recently announced by the United States.
US, Philippines to train Filipinos in nuclear power
The Philippines and the United States agreed to train Filipinos in building and operating nuclear power plants to boost the Southeast Asian country's electricity supply. Following a November nuclear cooperation agreement, the new deal will offer scholarships and exchange programs for Filipinos to study civil nuclear power and renewable energy. This initiative aims to develop a skilled workforce for clean energy infrastructure. Philippine President Ferdinand Marcos is determined to adopt nuclear power, including potentially reviving a mothballed $2.2 billion plant.
It's open season on international students across the world; and countries have billions at stake
Countries are reevaluating visa programs and education exports as student numbers surge, impacting housing costs, public services, and financial contributions. The debate involves higher-education providers, employers, tuition fees, migration policies, funding models, the role of the Office for Students, and government language affecting international student perceptions.
Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange market, the local unit opened at 83.48, it touched 83.46 in the initial trade, registering a gain of 2 paise from its previous close.
US releases first tranche of student visa appointments in India for September 2024 intake
The United States Embassy released the first tranche of student visa appointments in India for September 2024, aiming to expedite processing. Ambassador Garcetti leads efforts to reduce visa wait times, emphasizing the importance for Indian students.
Anand Mahindra responds to ‘your cars can't compete with Japanese or Americans’ criticism amid XUV 3XO launch
Anand Mahindra has responded confidently to criticism on social media regarding Mahindra cars' competitiveness against Japanese and American giants. This dialogue began with a user expressing skepticism about Mahindra's capabilities. Mahindra's response, filled with confidence and determination, highlighted the company's resilience and determination to excel despite challenges. This exchange coincided with the launch of the Mahindra XUV 3XO, a compact SUV aimed at the Indian market with revamped features and an updated design.
US considers easing warnings for Americans traveling to China
US may ease travel advisories to China to enhance exchanges, but warns of Chinese support for Russia affecting ties. Concerns about large Chinese migrant influx to the US amid economic issues. Campbell emphasizes risks from North Korea and urges China to reconsider support for Russia.
Load More
