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INR slumps to fresh record lows; 91/$ mark seen fast approaching

Mumbai, Dec. 15 -- The Indian rupee slumped sharply on Monday to hit fresh lifetime low levels amid uncertainty over an India-US trade deal and persistent foreign fund outflows. INR crashed to its low... Read More


ICICI Prudential Asset Management Company IPO subscribed 2.11 times

Mumbai, Dec. 15 -- ICICI Prudential Asset Management Company received bids for 7,38,53,904 shares as against 3,50,15,691 shares on offer, according to stock exchange data at 17:00 IST on Monday (15 De... Read More


Benchmarks slip as FII selling, trade worries dent sentiment

Mumbai, Dec. 15 -- The benchmark equity indices closed marginally lower on Tuesday, snapping a two-session rally as risk appetite cooled. Persistent foreign fund outflows, lingering uncertainty over a... Read More


Japanese markets tumble on tech shares

Mumbai, Dec. 15 -- Japanese market tumbled as tech shares tracked their U.S. peers lower on concerns over stretched valuations. The Nikkei average slumped 1.31 percent to 50,168.11 while the broader T... Read More


Chinese shares end lower after economic data

Mumbai, Dec. 15 -- Asian stocks fell on Monday as investors fretted over tech valuations and digested disappointing economic data from China. Gold soared nearly 1 percent to a seven-week high in Asia... Read More


Newgen Softwares Saudi Arabia arm bags Rs 38-cr contract

Mumbai, Dec. 15 -- The order covers the development of the loan origination system with a perpetual license, along with implementation and one year of post-go-live support services. The aggregate val... Read More


Quick Wrap: Nifty Media Index gains 1.79%

Mumbai, Dec. 15 -- Nifty Media index closed up 1.79% at 1435.15 today. The index has slipped 3.00% over last one month. Among the constituents, D B Corp Ltd added 5.84%, Prime Focus Ltd jumped 5.69% a... Read More


Market snaps 2-days gaining streak; Nifty settles below 26,050 mark

Mumbai, Dec. 15 -- Domestic equity benchmarks closed slightly lower, snapping a two-day winning streak, as sentiment stayed cautious amid persistent foreign fund outflows, uncertainty surrounding a po... Read More


Commodities Buzz: WTI Crude oil net speculative longs continue to edge higher

Mumbai, Dec. 15 -- Energy speculators added to their net long positions in the crude oil futures market after recent spree of deep cuts, according to the latest Commitment of Traders (COT) data releas... Read More


ESAF SFB gains after board OKs to sell Rs 1700-cr NPA pool

Mumbai, Dec. 15 -- The NPA pool is estimated at up to Rs Rs 1,700 crore (including technical write off pool) against which the bank has made an overall provision of 94%. The board has authorised the ... Read More