BUSINESS
Rupee Declines by 4 Paise to 83.15 Against US Dollar in Early Trade
At the interbank foreign exchange, the rupee opened at 83.14 against the dollar, experiencing a 4-paise decline from its previous close.
Strong Market Opening: Sensex Surges by 503 Points in Early Trading
Blue-chip firms HDFC Bank and Reliance Industries contributed to the positive trend.
Piramal Enterprises to Offload Entire Stake in Shriram Investment, Valued at Rs 1,440 Crore
For the fiscal year ending March 31, 2023, Shriram Investment Holdings Private Limited (SIHPL) did not contribute to Piramal Enterprises' revenue.
After Tesla's Stock Slide, Magnificent Seven Faces Tests to Maintain Market Dominance
In contrast, the other members of the "Magnificent Seven" – Nvidia, Microsoft, Meta Platforms, Amazon, Apple, and Alphabet – have seen their stocks climb higher. Several of these companies, including Nvidia, Microsoft, Meta Platforms, and Alphabet, reached record levels in the past week.
US Firm Secures Agreement to Develop Resort in Ayodhya
Ramesh Nanguranuri, the owner of the American real estate company and a native of Hyderabad, has entered into an agreement with the UP Tourism department to build the resort in Ayodhya.
Gold: A Timeless Symbol of Wealth and a Resilient Liquid Asset Continues to Shine Bright
Furthermore, incorporating gold into an investment portfolio can diversify risk and reduce overall financial vulnerability. Unlike assets such as stocks and bonds, gold prices are not directly influenced by market fluctuations, providing a level of stability during volatile market conditions.
Foreign Portfolio Investors (FPIs) Offload Equities Worth Rs 27,000 Crore in January
The surge in bond yields in the United States has raised concerns and has been a driving factor behind the recent selling spree in the cash market.
MacKenzie Scott Sells Amazon Shares Exceeding $10 Billion in the Past Year
Following her divorce from Jeff Bezos in 2019, MacKenzie Scott became the world's wealthiest woman, securing around 19.7 million Amazon shares
Government Accelerates Development of 68 km Ayodhya Bypass
The Ayodhya Bypass Project, with a total length of 67.57 km, includes the construction of a 4/6 Lane Northern Ayodhya Bypass (35.40 km) and a 4/6 Lane Southern Ayodhya Bypass (32.172 km).
SpiceJet Allocates Shares and Warrants Worth Rs 744 Crore in First Tranche of Preferential Issue
As per the airline spokesperson, the Board, in its meeting on Thursday, granted approval for the allotment of 5.55 crore equity shares on a preferential basis to 54 subscribers.
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