Latest Stock Market News

Rupee opens lower tracking weak Asian cues

Updated at : 2022-08-18 10:25:01

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Policymakers in Fed July meeting minutes comment that the U.S. central bank will want to rein in the pace of rate hikes in upcoming meetings, but rates likely to remain uncomfortably high to bring inflation to 2% target.

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ITD Cementation India Ltd., incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 1540.93 Crore) operating in Construction sector.

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In December last year the regulator had said that it will release a discussion paper on various charges levied by banks and institutions for all kinds of digital transactions through credit cards, debit cards, wallets and Unified Payments Interface (UPI).

Overseas borrowings fall 20% in June quarter

Updated at : 2022-08-18 09:45:02

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Besides market factors like rupee and liquidity conditions, there are some structural factors contributing to a slowdown in overseas borrowings. Lenders in the West have become very sensitive to ESG factors, especially environmental, which is also a challenge for sectors highly relevant to environmental concerns, like conventional energies.

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Banks led by the State Bank of India (SBI) have agreed to issue a no objection certificate (NOC) to RIL following which the Mukesh Ambani-promoted company will transfer the agreed amount to an escrow account. The NOC essentially is a no dues certificate for RITL, a procedure followed before the implementation of the resolution plan.

Some fund houses, including iLabs India Special Situations Fund, Edelweiss Alternative Assets Advisors, Capri Global Holdings, ACRE India, JM Financial Assets Reconstruction Company and Alpha Alternatives Holdings, have submitted expressions of interest (EoIs), one of the persons cited earlier said.

IDBI Bank stake sale: TPG, Carlyle, Fairfax tapped

Updated at : 2022-08-18 09:45:02

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The government and LIC together own more than 94% equity in IDBI Bank. The combined state holding in the bank, which had among the highest proportions of bad loans, is valued in excess of ₹41,000 crore at current market prices.

Syrma SGS Technology IPO closes with 2.27x bids

Updated at : 2022-08-18 09:45:02

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The net proceeds from the fresh share issue will be utilised for funding capital expenditure requirements to expand manufacturing and R&D facilities and to fund long-term working capital requirements.

"They stayed hawkish, but they also opened the door perhaps for a half of a percentage point hike in September as opposed to 75," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

Oil prices ease as Russia output increases

Updated at : 2022-08-18 09:45:02

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In supply, Russia has started to gradually increase oil production after sanctions-related curbs and as Asian buyers have increased purchases, leading Moscow to raise its forecasts for output and exports until the end of 2025, an economy ministry document reviewed by Reuters showed.

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