R.P.P. Infra Projects is currently trading at Rs. 218.40, up by 5.50 points or 2.58% from its previous closing of Rs. 212.90 on the BSE. The scrip opened at Rs. 212.90 and has touched a high and low of Rs. 221.85 and Rs. 210.00 respectively. So far 14241 shares were traded on the counter. The … Read more
Adani Ports and Special Economic Zone (APSEZ) on Friday announced its acquisition of an 80 per cent stake in global offshore support vessel operator Astro Offshore for $185 million in an all-cash deal. Astro will enhance Adani Ports’ global marine portfolio and help add new Tier-1 customers. The transaction, implying an enterprise value of $235 … Read more
India's fintech revolution is improving financial inclusion as well as driving innovation and in the last 10 years, the industry has received a record investment of more than $31 billion, along with witnessing a startup growth of 500 per cent, Prime Minister Narendra Modi said on Friday. Addressing the 'Global Fintech Fest (GFF) 2024' … Read more
Asian stocks rose on Friday and were poised for a solid end to August while the dollar was staring at its worst monthly performance in nine months, on the view that the Federal Reserve is all but certain to cut interest rates next month. The release of the U.S. core personal consumption expenditures (PCE) price … Read more
India's Bharat Petroleum Corp plans to increase its integrated refining and petrochemical capacities within the next five to seven years to meet growing energy demand, Chairman G. Krishnakumar told shareholders. India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4-5% and 7-8% in the 'foreseeable future', he said. "This presents … Read more
Oil prices were steady in early trading on Friday as investors weighed supply concerns in the Middle East against signs of weakened demand. Brent crude futures for October delivery expire on Friday and were unchanged at 0033 GMT. The more actively traded contract for November fell 7 cents or 0.09% to $78.75. U.S. West Texas … Read more
India's economic growth is expected to have slowed in the April-June quarter due to reduced government spending during the national elections and stalling consumption. A Reuters poll of 52 economists projected GDP growth of 6.9% year-on-year for the three months through June, the first quarter of India's 2024/25 fiscal year. That is below the central … Read more
Indian Renewable Energy Development Agency Limited (IREDA) achieved a significant milestone on Thursday by securing its international credit rating which will help the government-owned financial company to secure funds from global markets at lower rates of interest. The International Credit Rating Agency, S&P Global Ratings Limited assigned 'BBB-' long-term and 'A-3' short-term issuer credit ratings … Read more
New York-based Moody’s Ratings on Thursday raised its forecast for India’s GDP growth for 2024 to 7.2 per cent from 6.8 per cent as projected earlier on the back of stronger private consumption driving up aggregate demand in the economy. "Household consumption is poised to grow as headline inflation eases toward the RBI’s target. Indeed, … Read more
Quick e-commerce platform Zepto on Friday said it has secured $340 million in a follow-on financing round, taking the company’s valuation to $5 billion after its previous fundraise in June. General Catalyst led the round, with Dragon Fund, and Epiq Capital joining as new investors. Existing investors such as StepStone, Lightspeed, DST, and Contrary also … Read more
