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Omaxe rallies after arm approves Rs 19 cr NCD issue to AIF

Mumbai, Aug. 29 -- The company's subsidiary will allot 1,900 senior, secured, rated, listed, redeemable, guaranteed, non-convertible debentures (NCDs) of the face value of Rs 1 lakh each, for an aggre... Read More


RBI sold foreign exchange worth $3.66 billion in June, notes August bulletin

Mumbai, Aug. 29 -- The Reserve Bank of India sold a net of $3.66 billion in the spot foreign exchange market in June, data from RBI's monthly bulletin showed. The central bank purchased $1.16 billion ... Read More


Indian economy remains resilient, consumer sentiments show improved optimism

Mumbai, Aug. 29 -- Reserve Bank of India (RBI) stated in its latest monthly update that the Indian economy remained resilient amidst global uncertainties. Timely progress of southwest monsoon has help... Read More


Overall financial conditions remain benign amid surplus liquidity

Mumbai, Aug. 29 -- Reserve Bank of India (RBI) stated in its latest monthly update that overall financial conditions remained benign during July and August (till August 21). Amidst surplus liquidity, ... Read More


Kitex Garments gains as arm starts commercial production in Telangana

Mumbai, Aug. 29 -- Kitex Garments exports cotton and organic cotton garments especially infant wear to US and European markets. The company reported a 24% drop in consolidated net profit to Rs 20.76 ... Read More


US 10-year Treasury yield around three-week low as PCE data weighs

Mumbai, Aug. 29 -- The US treasuries edged up further, keeping yields pinned near three-week low. The yield on the benchmark ten-year note, which moves opposite of its price, dropped around 3 basis po... Read More


TCS inkspact with Unilab to modernize core business systems

Mumbai, Aug. 29 -- Tata Consultancy Services (TCS) partnered with Unilab to transform its legacy ERP system into a cloud-based platform powered by SAP S/4HANA on RISE. This upgrade strengthened Unilab... Read More


Commodities Buzz: LME Lead inventories fall sharply

Mumbai, Aug. 29 -- The LME Lead inventories saw a sharp tumble in last session. The stockpiles on the exchange fell by 4975 tonnes to 262500 tonnes yesterday, slumping to one and half week low. Publi... Read More


NSE SME ARC Insulation & Insulators debuts with sparks, then cools under market heat

Mumbai, Aug. 29 -- The scrip was listed at Rs 145, a premium of 16% over the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price. The count... Read More


High frequency indicators of domestic economic activity showed mixed trend in July says RBI

Mumbai, Aug. 29 -- Reserve Bank of India (RBI) stated in its latest monthly update various high frequency indicators of domestic economic activity showed a mixed trend in July, with goods and services... Read More