On Thursday, the Indian Rupee weakened to a record low of 84.88 against the US Dollar, following a series of declines this week. The rupee had opened flat at 84.85 for the second consecutive day, and this followed a similar trend on Wednesday when it closed at 84.84 after opening at 84.85. Earlier in the week, the rupee had weakened by 12 paise on Tuesday to close at 84.85, marking a new low. The domestic currency dipped to 84.73 on Monday, continuing its downward trajectory. Expert

Coffee prices have reached record highs, driven by a significant reduction in Brazil’s coffee crop. As the world’s largest coffee producer, Brazil's struggles with adverse weather conditions have created a global supply shortage, pushing Arabica coffee futures up by 73% over the past year and 31% in the last month. Additionally, Robusta prices have also surged due to similar global supply constraints, with prices for Q2 rising 82% year-on-year. This price surge is im

In December 2024, two significant initial public offerings (IPOs) are set to hit the market, aiming to raise a combined ₹6,722.92 crore. The first, from International Gemmological Institute (IGI) India, a Blackstone-promoted company specializing in grading and accreditation for diamonds, gemstones, and jewelry, will launch its ₹4,225 crore IPO on December 13 and close on December 17. The IPO consists of a fresh issue of ₹1,475 crore and an offer for sale of ₹2,750 crore by Blackstone&

In a major boost to Rajasthan's economic prospects, the Adani Group has pledged to invest Rs 7.5 lakh crore in the state over the next five years. This massive investment will fund key infrastructure projects, including the creation of four new cement plants and the establishment of a world-leading green energy ecosystem. Karan Adani, CEO of Adani Ports, shared these details at the 'Rising Rajasthan' Investor Summit 2024, where he highlighted the ambitious plans to build the world

As of 7:10 a.m. today, gold is priced at Rs 76,520 per 10 grams, according to the India Bullion Association. The commodity's price recently crossed the Rs 77,000 mark but has since fluctuated. On December 2, it had dipped to Rs 76,680, reflecting the volatility in gold prices over the past month. This decline follows a period of lower demand post-festivities, with prices peaking at Rs 81,500 in October due to festive demand, before slipping below Rs 74,390 in November. Global fa

Stock Market Opening and Index Performance: The U.S. stock market opened with little change on Thursday, following a strong performance the day before where all major indices hit record highs. The S&P 500 index, a broader market indicator, started flat at 6,089.03 points. The Dow Jones Industrial Average gained a slight 24.4 points, reaching 45,038.44 points. Meanwhile, the Nasdaq C

Bitcoin, the world’s most famous cryptocurrency, has crossed a major milestone, surpassing $100,000 in value for the first time. However, Bitcoin’s history remains shrouded in mystery, with its creator, known by the pseudonym Satoshi Nakamoto, remaining unidentified. Despite various claims, including one from Australian computer scientist Craig Wright, the true identity of Nakamoto has not been proven. Bitcoin was initially designed to be a decentralized alternative to traditional

Axis Securities Ltd has entered into a settlement with the Securities and Exchange Board of India (SEBI) agreeing to pay a sum of Rs. 14.62 lakh to resolve charges of front-running activities. SEBI's investigation uncovered that Vikrant Bhimrao Kadam, a dealer at Axis Securities, colluded with his associate Mandar Ulhas Bhatkar to execute trades ahead of orders from SVI Consolidated Pvt Ltd, their major client. These trades were made in both the equity and derivatives segments of the Nati

Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren

Bharti Airtel Ltd. has emerged as the leader in India’s telecom sector, gaining market share over the past 12 months following tariff hikes implemented earlier. According to the latest data from the Telecom Regulatory Authority of India (TRAI), the country’s mobile sector saw a 14% year-on-year revenue growth, totaling Rs 2.69 lakh crore. During this period, Bharti Airtel reported the highest revenue growth of 19%, while Vodafone Idea Ltd. and Reliance Jio Infocomm Ltd.

Corporate governance advisory firms are urging shareholders to vote against the proposed reappointment of Gautam Singhania as the executive chairperson of Raymond Lifestyle Ltd., due to concerns regarding his remuneration package, unclear governance practices, and ongoing personal controversies. Singhania, who is currently the chairperson and managing director of Raymond Ltd., has sought a five-year term as the executive chairperson of Raymond Lifestyle starting from September 1, 2024. His pr

The public issuance of non-convertible debentures (NCDs) has significantly slowed down due to heightened regulatory scrutiny, particularly by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI). According to SEBI data, Indian companies raised only Rs 5,526 crore in public NCD issues from April to October 2023, which marks a 59% decrease compared to the same period last year. Public issues allow companies to borrow from the general public by offering debt secu

RBL Bank and Bajaj Finance Ltd. have mutually decided to stop issuing new co-branded credit cards following discussions that have taken place over the past month. While the change will not affect RBL Bank’s overall credit card business, it marks the end of a significant partnership that previously accounted for a large portion of RBL Bank’s card issuances. As of September 2023, Bajaj Finserv co-branded cards represented 41% of RBL Bank’s total credit card issuances.

The Indian Ministry of External Affairs (MEA) has clarified that the government has not received any communication from the United States regarding the Adani Group. In its weekly briefing, MEA spokesperson Randhir Jaiswal rejected media reports about the US summoning Adani Group Chairman Gautam Adani and other executives. He emphasized that the issue is a private legal matter involving individuals and the US Department of Justice, with no prior notification sent to the Indian government.

A recent survey by global real estate services firm JLL reveals that Indian organisations require more office attendance compared to the global average. According to the Future of Work Survey 2024 – India Insights, 90% of Indian employers mandate at least three days of office presence per week, which is higher than the global average of 85%. Moreover, over half (54%) of Indian organisations anticipate an increase in the number of office days by 2030, surpassing the global expec

Gold prices stood at Rs 76,140 as of 7:00 a.m., according to the India Bullion Association, marking a slight recovery of Rs 720 from the previous day's decline. November has seen significant volatility in gold prices, with a sharp drop following the festive season, followed by a rebound driven by geopolitical conflicts. The price chart for gold has been fluctuating throughout November. Initially, demand during the festive season led to a rally, pushing prices to Rs 81,500. Howev

The Indian rupee opened flat at 84.24 against the US dollar on Thursday, following a slight dip of 11 paise to close at 84.45 on Wednesday. On Tuesday, it had closed at 84.34. The minor decline reflects the ongoing volatility in the foreign exchange market. The rupee had also opened weaker by 5 paise at 84.39 on Wednesday morning. Analysts predict that the rupee's range for the day will likely stay between 84.30 and 84.50. Anil Kumar Bhansali, head of treasury and executive dire

Norwegian diplomat and former UN Environment Programme Executive Director Erik Solheim has strongly criticized the US government's recent report regarding the Adani Group, calling it a case of "American overreach." The report alleges that certain individuals linked to the Adani Group discussed bribes to secure solar energy contracts in India, but Solheim pointed out that the allegations lack evidence of actual bribe payments or involvement from the Adani Group’s top leader

The Adani Group has responded strongly to recent media reports alleging bribery and corruption charges against its top executives, including Chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain. According to the group's statement, neither Gautam Adani, Sagar Adani, nor Vneet Jaain have been charged with any violation of the US Foreign Corrupt Practices Act (FCPA), as claimed in recent news articles. The US Department of Justice (DOJ) indictment contain

Gold prices have dropped to Rs 75,420 as of 7:00 a.m. today, according to the India Bullion Association. This marks a decline after gold reached a high of Rs 78,000 on November 23. The yellow metal has experienced significant price volatility, largely driven by global market factors such as the US election results and geopolitical conflicts, which have directly impacted gold rates worldwide. After a brief rally during the festive season, which saw gold prices climb to Rs 81,500 in N