India Business News

New entrant Abakkus Mutual Fund will launch its first equity scheme, Abakkus FlexiCap Fund, on December 8, with Sanjay Doshi as fund manager and Sunil Singhania in an oversight role

Consequent to the said allotment, the paid up equity share capital of the Company has increased to Rs. 33,40,65,780 consisting of 16,70,32,890 equity shares of Rs. 2/- each.

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The Indian rupee slumped sharply on Tuesday to hit the psychological 90-a-dollar level in intraday trade before settling 42 paise down at an all-time low of 89.95 (provisional) against the US dollar, largely owing to sustained importer demand for the

Asian indices ended mixed, despite growing expectations of a Federal Reserve rate cut next week, while Japanese stocks struggled amid signals the Bank of Japan may raise interest rates. China's Shanghai Composite index dropped 0.42 percent to 3,897

British pound stumbles on Tuesday after United Kingdom (UK) Prime Minister (PM) Keir Starmer stresses bringing inflation and interest rates down to boost business investment and economic growth. Besides, Bank of England (BoE) is expected to cut

Key equity benchmarks fell sharply today, extending their losing streak to a third straight session. Sentiment weakened as the rupee slipped and FII outflows continued. Global cues were also soft. US market closed lower on rising Treasury yields

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KPI Green Energy rose 2.55% to Rs 434.20 after the company announced that it has received a work order worth Rs 489.17 crore from Gujarat State Electricity Corporation (GSECL) for a floating solar photovoltaic (FSPV) project in Gujarat.

Mazda announced that it has received an order worth Rs 24.50 crore from a leading EPC consultant in Mumbai for the supply of condensers.