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[ad_1] MUMBAI: The rupee ended near an all-time low against the dollar on Thursday amid outflows from equities and anxiety over the outcome of the US election, but RBI‘s intervention kept the local currency in a narrow range through Oct.The rupee closed at 84.08 against the US dollar, nearly unchanged from its close on Wednesday….

[ad_1] MUMBAI: United Phosphorus (UPL) and its main promoter Jaidev Shroff have settled a case of unauthorised routing of funds to a foreign entity to perk up the company’s stock price with Sebi by paying a little over Rs 20 crore. This amount includes the unfair notional gain made by UPL which was disgorged, the…

[ad_1] MUMBAI: India’s 10-year benchmark govt bond yield logged its biggest jump in six months in Oct, and its first monthly rise in four, as the rally in US Treasury yields outweighed the effect of the local central bank easing its policy stance.The benchmark 10-year bond yield ended at 6.85% on Thursday, up two basis…

[ad_1] BENGALURU: TPG Nambiar, founder of BPL and pioneer of India’s consumer electronics brand in the 1990s, passed away on Thursday at 95.Nambiar, who established BPL (earlier known as British Physical Laboratories) in 1963 in Kerala, wanted to create high-quality electronic products after he returned from his stints in the UK and the US. He…

[ad_1] Lexica generated AI Image MUMBAI: Consumers loosened their purse strings for Diwali snacking and gifting, helped in parts by companies curating affordable gift packs and food hampers despite inflation playing a bit of a spoilsport. Dry fruits, ice-creams, juices, kaju barfis and soan papdis made their way to households geared up to celebrate Diwali….

[ad_1] NEW DELHI: Indian electronic company BPL Group founder T P Gopalan Nambiar passed away on Thursday, according to family sources. Prime Narendra Modi condoled his death calling him “a pioneering innovator and industrialist.”“Shri TPG Nambiar Ji was a pioneering innovator and industrialist, who was a strong votary of making India economically strong. Pained by…

[ad_1] NEW DELHI: HDB Financial Services, an HDFC Bank subsidiary, has submitted draft documentation to Sebi for raising Rs 12,500 crore through an IPO. The offering consists of Rs 2,500 crore in fresh equity shares and Rs 10,000 crore through an OFS by HDFC Bank, as detailed in the Draft Red Herring Prospectus (DRHP) submitted…

[ad_1] NEW DELHI: Indian rupee on Thursday closed near to a record low against the US dollar, which was recorded at at 84.0750 per dollar, nearly unchanged from its Wednesday close of 84.0775. Due to a public holiday, the Indian currency market will be closed on Friday.The rupee briefly touched an all-time low of 84.0950…

[ad_1] MUMBAI: Quick commerce has the potential to become bigger than the food delivery business because of the larger market opportunity the segment can tap into, Sriharsha Majety, co-founder and group CEO at Swiggy, said. The startup is set to launch its Rs 11,327 (about $1.4 billion) IPO – the second largest public issue to…

[ad_1] BENGALURU: India is one of the fastest growing developer communities on GitHub, with a 28% increase compared to last year, says the latest report by the developer platform. India is the second largest developer community on GitHub, having surpassed China in 2022. GitHub estimates that by 2028, India will surpass the US.“India’s developers have…