Business

Rupee holds firm against US dollar in opening trade

By Selene 0
Mumbai: The Indian rupee on Thursday was trading little changed against the US dollar in the opening trade. The rupee opened at 64.88 a dollar and touched a high of 64.88. At 9.15am, the home currency was trading at 64.93—down 0.02% from its Wednesday’s close of 64.91. So far this year, rupee has gained 4.3%, Read More

Renewable energy: poor demand, weak utilities expose challenges

By Selene 0
The gap between good intentions and execution is starkly evident in one area of the renewable energy sector. Capacity additions are gathering pace but 25 states (including Union territories) are lagging on their solar renewable purchase obligation (RPO) targets for the current fiscal year, according to research firm Mercom Capital Group. States have to procure Read More

Shoppers Stop’s stock in fashion

By Selene 0
Retail stocks have been in vogue recently. The retail sector has seen a rerating lately thanks to the success of the initial share sale by Avenue Supermarts Ltd, which runs D-Mart stores. The Shoppers Stop Ltd stock wasn’t immune to the wave. In fact, after closing at an annual low of Rs273.55 at December-end, the Read More

Market roundup | Funding surge for Indian Internet firms

By Selene 0
Unlisted Indian Internet firms raised a total of $ 2 billion of private funding in the March quarter, estimate analysts at Jefferies India Pvt. Ltd. This marks a reversal from the weak inflows in calendar year 2016 wherein internet firms had raised $ 2.7 billion in all. But this was largely because some companies settled Read More

BSE INX at GIFT City not exactly off to a rocking start

By Selene 0
BSE Ltd’s India International Exchange (INX), which was billed as an answer to Dubai and Singapore when it was launched at the Gujarat International Finance Tech (GIFT) City in January, hasn’t exactly got off to a rocking start. Daily turnover, in lots of about 500, has averaged between $ 500,000 and $ 600,000, less than Read More

Rising temperatures send AC makers’ stocks to record highs

By Selene 0
Mumbai: The early onset of summer and heat wave conditions in parts of India are sending stocks of air-conditioner makers to record highs. Shares of AC manufacturers Blue Star Ltd, Whirlpool of India Ltd, and Voltas Ltd hit a record high on Wednesday. These stocks have risen 36.9%, 33.5%, and 25.8%, respectively, for the year Read More