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Speculation of more US rate hikes following comments to that effect by members of the Federal Reserve also contributed to mounting robustness in the dollar index, exacerbating the pressure on the rupee.

Wipro is offering a buyback of 26.97 crore shares from its shareholders on a proportionate basis through a tender offer. The buyback price is Rs 445 per share, aggregating Rs 12,000 crore, which is 5.72% of its market capitalisation. On Wednesday, Wipro shares closed at Rs 383, which is 16.2% below the buyback price. About 15% or 4 crore shares in the buyback are reserved for retail investors.

The promoter of Vedant Fashions, Ravi Modi Family Trust, plans to sell 7% stake in the company through an OFS. The offer is being proposed with an option to sell an additional 2.88% stake in the event of oversubscription. The floor price is fixed at Rs 1,161 per share, which is nearly 7% discount to the last closed price. The offer is open for non-retail investors only and on May 19, which is the T

Geojit Financial Services launches FLIP, its latest mobile trading platform that seeks to provide a comprehensive and flexible trading experience. FLIP includes advanced order capabilities such as One Cancel Other Order, Bracket Orders, Basket Orders, Option Chain, Option Greeks, Single Click Multi-Leg Orders, and Exit All Positions in Just one click. It also features portfolio insights, technical and fundamental research, stock analysis page, advanced charting (TradingView), and dashboard that provides a summary of

Remus Pharmaceuticals is planning to raise Rs 47 crore through its initial share sale. The company is engaged in the business of marketing and distribution of finished formulations of pharmaceutical drugs. It also deals in APIs and provides technical consultancy services to various distributors for preparation of reports on the dossiers of the products to be registered by them in various countries. The IPO comprises an issue of 3.8 lakh equity shares of face value of Rs 10 each and the company plans to raise about Rs 47 crore from

​AMCs rejig their holdings monthly based on stock-specific action and overall market dynamics. Nonetheless, some stocks are held only by specific AMC and not other AMCs.​

The Dow Jones Industrial Average rose 80.34 points, or 0.24%, at the open to 33,092.48

Falling for the second straight session, the 30-share BSE Sensex declined 371.83 points to end at 61,560.64 after a flat start.

RBI has accorded approval for acquiring up to 9.99% of the paid-up share capital or voting rights of HDFC Bank, subject to conditions, including compliance with the relevant provisions of the Banking Regulation Act, RBI’s master direction and guidelines on acquisition and holding of shares or voting rights in banking

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