Forex Reserves at 3-Month Low, High Volatility Predicted
The Reserve Bank of India (RBI) has reported that India’s foreign exchange reserves have fallen by $2.4 billion to $560 billion in the week ending...
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More Than 50 Small Caps Down as Much as 22% as Markets End Week Down 2%
It has been another volatile week for Indian markets, which remained under pressure in the first three sessions as the US banking crisis rippled globally....
SVJN Green Energy Gets 200 MW Solar Project in Maharashtra
SJVN, a state-owned company in India, has announced that its wholly-owned subsidiary, SJVN Green Energy, has been awarded a 200 MW solar power project in...
SEBI Proposes Procedural Requirements for Handling Investor Service Requests Through RTA
Capital markets regulator SEBI on Friday introduced simplified procedural requirements for handling investor service requests from registrars and share transfer agents (RTAs) to facilitate the...
Credit Suisse and UBS Under Pressure to Merge
Credit Suisse Group AG began a make-or-break weekend as regulators urged it to strike a deal with Swiss rival UBS AG, with some rivals turning...
RBI Imposes Rs 5 Lakh Fine on HDFC
On Friday, the Reserve Bank of India said it had fined Housing Development Finance Corporation Limited (HDFC) Rs 5 lakh for non-compliance with specific regulations...
Centre Removes Investment Cap for NTPC’s Green Power Arm
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has exempted India’s largest power generation company and Maharatna PSU NTPC Limited...
Cochin Shipyard Wins Order for World’s First Zero-Emission Feeder Container Vessels
Cochin Shipyard Limited (CSL) has received an order worth Rs 550 crore from a global logistics provider to design and build two “zero emission feeder...
Ahan-I Sells Stake in Biocon for Rs 380 Crore
On Friday, hedge fund Ahan-I Ltd sold a 1.57% stake in pharmaceutical company Biocon for Rs 380 crore through an open market transaction. The bulk...
Wall Street Stocks Slid Sharply, Indices Saw Weekly Gains
Wall Street closed lower on Friday after a turbulent week, mainly as dark clouds gathered about an ongoing crisis in the banking sector and a...