Foreign investors sell shares worth Rs 1,004 cr in PNB Housing
General Atlantic Singapore Fund Fii Pte and Asia Opportunities V (Mauritius) offloaded ₹1,004.29 crore worth of PNB Housing shares in a major transaction on the NSE. Selling 1.27 crore shares at ₹786 each, they reduced their holdings from 9.82% and 9.88% as of March 31. The buyers included Morgan Stanley Asia Singapore PTE and BNP […]
Rupee at new low of 83.65 on strength in greenback
The Indian rupee weakened to a record low against the US dollar due to broad gains in the American currency and corporate outflows. The Reserve Bank of India intervened but refrained from significant action. The Chinese Yuan’s weakness and corporate outflows also contributed to the rupee’s decline, as noted by Shinhan Bank’s vice-president.
Nvidia’s $2.1-trillion gain in 2024 bigger than Sensex 30’s m-cap
Nvidia’s m-cap exceeds the m-cap of countries like France, Canada, Germany, and Australia.
Religare IPO before July 12
Sebi emphasizes the importance of providing shareholders an exit option in the Open Offer process.
HDFC Bank plans infra bond swap for securities of parent HDFC Ltd
HDFC Bank plans to buy back bonds from HDFC Limited and replace them with new infrastructure bonds to reduce interest costs. The proposal requires approval from the Reserve Bank of India.
Stocks in news: YES Bank, Aster DM Healthcare, ONGC, IndiGo, Bank of Baroda
Equity indices soar with YES Bank’s fundraising. IndiGo partners with Garuda for pilot training. Olympus Capital Asia to sell 5% of Aster DM Healthcare. ONGC appoints Devendra Kumar as CFO. Bank of Baroda appoints Chayani Manoj sundar as CFO.