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MUMBAI (Reuters) -The Indian rupee is expected to open nearly unchanged on Tuesday but traders reckon that the currency will trade with an upward bias in the near term as concerns about U.S. trade and fiscal policies continue to cast a shadow on the greenback. The 1-month non-deliverable forward indicated an open in the 85.07-85.10…
Wall Street Holiday: The US stock markets will remain closed on Monday, 26 May 2025, on account of the solemn occasion of Memorial Day 2025. According to the official holiday list on the New York Stock Exchange (NYSE), the US benchmark indices have a fixed holiday on 26 May 2025. Also Read | Dow, Nasdaq…
Kraft paper manufacturer Nikita Papers on Saturday fixed the price band at ₹95-104 a share for its ₹67.5 crore initial public offering. The initial share sale will open for public subscription on May 27 and conclude on May 29. The shares of the company will be listed on the NSE’s SME platform Emerge, the company…
(Bloomberg) — US bonds, stocks and the dollar dropped after Moody’s Ratings stripped the government of its top credit rating, reinforcing concern about the status of American assets. Gold rose. S&P 500 contracts fell 1.3%, with investors cooling on equities after a five-day winning streak. European and Asian shares also dropped. The yield for 30-year…
(Bloomberg) — Kohl’s Corp. said on Friday the recent departure of a board director was related to a disagreement with the company — an abrupt change in stance from a day earlier and the latest sign of turmoil at the beleaguered retailer. In a filing Friday, Kohl’s said the resignation of Christine Day from…
Bank or stock market holiday: India is set to hold a nationwide mock drill on Wednesday, May 7, with all states and Union territories preparing to operationalise air-raid sirens, train people about evacuation protocols, among other key steps, in the event of a “hostile attack” on the nation. As this is the first emergency-like mock…
May 2 – Oil prices pulled ahead in early Asian hours on Friday after China said its door is open for talks with the United States, raising hopes of a de-escalation in a bitter trade war between the world’s two largest economies. Brent crude futures rose 38 cents, or 0.6%, to $62.51 a barrel by…
(Bloomberg) — Ethiopia raised 3.2 billion birr ($24 million) after selling 10% of the shares on offer in its maiden initial public offering that was open for more than four months. The nation sold 10.7 million shares in state-run Ethio Telecom for 300 birr each, the company said in a statement Friday. Ethiopia Investment Holdings,…
Mahindra & Mahindra (M&M) announced on Saturday, April 26, that it has entered into an agreement to acquire a 58.96 per cent stake in SML Isuzu Ltd. at ₹650 per share, which is an outlay of ₹555 crore. M&M said it will make an open offer following SEBI takeover regulations. As part of the transaction,…
Ather Energy plans to restart its activities in the primary market this month with its highly awaited initial public offering following a pause of two and a half months. On April 22, the electric scooter manufacturer submitted a draft red herring prospectus for its IPO to the Securities and Exchange Board of India (Sebi). Ather…