Rupee falls 16 paise to 88.01 against US dollar in early trade
On Wednesday (September 17), the rupee appreciated 24 paise to close at 87.85 against US dollar.
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Fed’s 25 bps cut positive for emerging markets, not yet a dovish cycle: Conrad Saldanha
Conrad Saldanha, MD & Portfolio Manager at Neuberger Berman, said the US dollar’s weakness after the Fed’s rate cut is a positive for emerging markets.
Vikram Solar shares in focus after promoters create pledge on nearly a third of their holdings
Of the three promoter entities, Gyanesh Chaudhary Family Trust and VSL Ventures have pledged their entire stake in the company.
Sun Pharma added to Citi’s pan-Asia focus list with 35% upside
Brokerage firm Citi expects Sun Pharma’s innovation revenues to climb to $3.2 billion by FY30, up from $1.2 billion in FY25.
Cohance Lifesciences shares worth ₹3,073 crore change hands in block deals; Stock falls 6%
A day prior, sources had told CNBC-TV18 that Jusmiral Holdings was to sell up to 5.1% of its stake in Cohance Lifesciences Ltd. via block deals.
Hindalco’s Novelis plant in New York catches fire, no injuries reported; Production halted
Hindalco said production at its Novelis Plant in Oswego, New York plant has been halted at the moment as it investigates the cause of the fire and determines the extent of the impact on its operations.
Poonawalla Fincorp share price surges 12% as promoter stake increases after ₹1,500 crore fund infusion
With this fund infusion, the promoter stake in Poonawalla Fincorp goes up from 62.43% to 63.97%. Poonawalla Fincorp’s Book Value Per Share (BVPS) also goes up by 13.4% to ₹119.6, from ₹105.4 earlier.
Avenue Supermarts share price target raised by UBS on these four important factors
32 analysts have coverage on Avenue Supermarts, the Radhakishan Damani-promoted company, of which 11 have a “buy” rating, 10 have a “hold”, and another 11 have a “sell” rating. UBS’ price target is the second highest on the street for…
iValue Infosolutions IPO opens for subscription today: Should you apply?
iValue Infosolutions is a value-added distributor and solutions aggregator in the enterprise technology space. The company bridges global Original Equipment Manufacturers (OEMs) with Indian enterprises through System Integrators (SIs).
Oil holds decline after Fed rate cut, rising US fuel stockpiles
Brent traded around $68 a barrel, after losing 0.8% on Wednesday, while West Texas Intermediate was near $64.