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Economic Buzz: ECB keeps interest rates unchanged

Mumbai, Sept. 11 -- The European Central Bank has kept its key interest rate unchanged today. The bank held its rate on the so-called deposit facility at 2%, which is the interest rate banks receive w... Read More


SEBI simplifies regulatory compliance for Foreign Portfolio Investors who invest only in Government Securities

Mumbai, Sept. 11 -- The Securities and Exchange Board of India (SEBI) has announced a new framework for simplifying regulatory compliance for Foreign Portfolio Investors (FPIs) who invest only in Gove... Read More


Ministry of Corporate Affairs widens scope of fast track mergers under Companies Act, 2013

Mumbai, Sept. 11 -- Ministry of Corporate Affairs stated in a latest update that in order to facilitate ease of doing business and allow small companies and start-up companies to avail fast-track merg... Read More


Copper lingers around one-week high

Mumbai, Sept. 11 -- COMEX Copper futures steadied around one-week high of $4.60 per pound amid mostly positive equities. Copper is up more than 1% this week so far. In Asia, China's Shanghai Composite... Read More


Shringar House of Mangalsutra IPO subscribed 8.24 times

Mumbai, Sept. 11 -- The initial public offer of Shringar House of Mangalsutra received bids for 14,02,95,060 shares as against 1,70,16,000 shares on offer, according to stock exchange data at 17:00 IS... Read More


USD/INR futures surge to 88.49; JPY/INR slips

Mumbai, Sept. 11 -- On the NSE, USDINR futures climbed 0.33% to settle at 88.49. GBPINR and EURINR added 0.13% and 0.17% to end at 119.64 and 103.50 respectively. Meanwhile, JPYINR fell 0.31% to end a... Read More


Dev Accelerator IPO subscribed 16.08 times

Mumbai, Sept. 11 -- The initial public offer of Dev Accelerator received bids for 21,14,04355 shares as against 1,31,47,075 shares on offer, according to stock exchange data at 17:00 IST on Thursday (... Read More


Urban Company IPO subscribed 9 times

Mumbai, Sept. 11 -- The initial public offer of Urban Company received bids for 96,14,10,320 shares as against 10,67,73,244 shares on offer, according to stock exchange data at 17:00 IST on Thursday (... Read More


INR crashes to fresh record lows amid ongoing tariff tensions

Mumbai, Sept. 11 -- The Indian rupee slumped 36 paise and closed for the day at a fresh all-time low of 88.47 (provisional) against the US dollar, as ongoing tariff issue between India and the US weig... Read More


Jupiter Tatravagonka Railwheel Factory wins order worth Rs 113 cr

Mumbai, Sept. 11 -- Jupiter Wagons (JWL) announced that its material unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory (JTRFPL), has received a Letter of Acceptance (LOA) dated 9th September... Read More