According to an official, another rail PSU — Rail Vikas Nigam Ltd (RVNL) — could be the second one to hit the market with the issue size likely to be around Rs 500 crore. The initial public offer of railways consultancy firm RITES will hit the market on June 20, with the government aiming to…Continue Reading
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Donald Trump says Kim Jong Un is ‘very smart’, that North Korea to denuclearise ‘very, very quickly’
The White House said later that discussions with North Korea had moved “more quickly than expected” and Trump would leave Singapore on Tuesday night after the summit, rather than Wednesday, as scheduled earlier. U.S. President Donald Trump and North Korean leader Kim Jong Un signed a “comprehensive” document on Tuesday following a historic summit in…Continue Reading
At 9.50 am, D-Mart share price surged to a record-high of Rs1,608.50, up 1% from previous close, lending the firm a market capitalisation of Rs100,171.80 crore Mumbai: D-Mart parent Avenue Supermarts Ltd on Monday joined the elite club of companies with Rs1 trillion market capitalisation after its share price surged to a record-high of Rs1,608.50, up…Continue Reading
Sun Pharma racked up its biggest rally in four months, soaring over 8 per cent, after the US Food and Drug Administration (USFDA) updated the status of the company’s Halol facility to VAI. VAI stands for ‘Voluntary Action Indicated’. This means objectionable conditions were found and documented, but the agency is not prepared to take…Continue Reading
Foreign institutional investors (FII) have sold stocks and bonds worth over $4 billion so far this year in Indian markets, the most since the global financial crisis year of 2008. As there is no crisis-like situation in global financial markets, and the global economy is witnessing a synchronized recovery, why are foreign investors selling Indian…Continue Reading
The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) voted unanimously to hike the repo rate by 25 basis points and to keep its policy stance neutral, leaving the room open for further rate hikes. Repo rate was hiked by 25 basis points to 6.25 percent while reverse repo has been revised to…Continue Reading