Hyundai may take a while to scorch D-Street
The grey market premium – the price over the IPO price in the unofficial market that investors pay for the shares before listing – for Hyundai was at ₹30 on Monday evening or 1.5% above the upper end of the issue price band of ₹1,865 to ₹1,960. The ₹27,870 crore issue opens on Tuesday and […]
RTGS soon in dollar, euro and pound: RBI
An expanded RTGS using major trade currencies would accelerate access to cheaper cross-border payments and remittances. The RBI has often spoken of the need for more cost-effective cross-border payment systems, with deputy governor T Rabi Sankar stating in September 2023 that the prevailing high costs for cross-border remittances were “simply unconscionable”.
Hyundai Motor raises Rs 8,315 crore from anchor investors
New World Fund, Government of Singapore, ICICI Prudential Bluechip Fund, HDFC Flexi Cap Fund, SBI Automotive Opportunities Fund, SBI Magnum Global Fund, Fidelity Funds, Nippon India Growth Fund, SBI Life Insurance, HDFC Life Insurance, Government Pension Fund Global and Kotak Flexicap Fund were among the anchor investors.
Rupee slumps to 84.08, recovers with ‘RBI’ help
The rupee closed at 84.06 to the dollar, flat versus the previous close, LSEG data showed. The rupee weakened past the psychologically significant 84/$1 mark for the first time on Friday as several unfavourable global factors including a recent rise in crude oil prices, a stronger US dollar and risk aversion sparked by the war […]