Swaminathan J Granted Two-Year Extension as RBI Deputy Governor
Swaminathan J, RBI Deputy Governor, granted two-year extension, stability to central bank’s leadership, expected to promote economic growth and stability in India.
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RBI Keeps Repo Rate Unchanged Amid Global Uncertainty, Attracts Foreign Capital
The Reserve Bank of India (RBI) has left interest rates unchanged, despite raising its inflation forecast and lowering its growth outlook, as policymakers grapple with pressure on the rupee and heightened global uncertainty. The RBI has widened overseas investors’ access to government securities, eased investment restrictions for foreign portfolio investors (FPIs), and backed tax exemptions on sovereign bond investments.
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CMR Green Technologies IPO Sees Strong Subscription on Final Day: ₹630.62 Crore Issue Subscribed 123 Times
CMR Green Technologies, a leading player in the non-ferrous metal recycling industry, has received a strong response from investors with its ₹630.62 crore IPO being subscribed 123 times. The issue has seen high subscription rates from qualified institutional buyers, non-institutional investors, and retail investors.
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LIC Strengthens Stake in Maruti Suzuki, Launches India’s First Flex-Fuel Car
Life Insurance Corporation (LIC) has strengthened its stake in Maruti Suzuki, India’s leading automaker, after purchasing shares worth Rs 68 crore. Maruti Suzuki recently launched India’s first flex-fuel passenger car, the Wagon R, reducing dependence on imported crude oil and carbon emissions.
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CMR Green Technologies IPO Sees Strong Subscription on Final Day
CMR Green Technologies, a leading player in the domestic aluminium recycling industry, has received a strong response from investors ahead of the close of its ₹630.62 crore IPO. The issue has been subscribed 123.11 times as of 3.39 pm.
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HCC Secures ₹127 Crore Contract for Bhutan Hydropower Project
Hindustan Construction Company (HCC) has secured a significant contract in the hydropower sector, bagging a ₹127 crore deal from Wangchhu Hydroelectric Power Limited (WHPL) in Bhutan. The contract is to be completed within nine months and adds to HCC’s longstanding footprint in Bhutan.
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Wipro Share Price Plummets Amid Harassment Allegations and Rs 15,000 Crore Buyback
Wipro’s share price plummeted nearly 8% as the IT major’s shares turned ex-record date for its Rs 15,000 crore buyback, amidst harassment allegations and workplace discrimination claims.
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Indian Stock Markets Forecast: RBI Monetary Policy Committee Decision and Geopolitical Developments
Indian stock markets are set for a cautious start today, with investors closely watching the RBI Monetary Policy Committee decision and geopolitical developments that could impact crude oil prices and the rupee. Read more about the forecast and key market indicators.
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AI Capex Trade Fuels Rally in Data Centre and Industrial Stocks in India
Discover how the AI capex trade is driving a rally in data centre and industrial stocks in India, with smaller firms benefiting from trillions of dollars spent on AI capacity. Learn about the key drivers and companies involved.
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Sebi Orders Ban on Rajesh Exports Chief Over Alleged Revenue Inflation
Sebi has ordered a ban on Rajesh Exports chief, Rajesh Mehta, for allegedly inflating the company’s revenues over several years. The company’s stock price has taken a hit, with investors advised to closely monitor the situation.
