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Stocks In News

 

SBI LIFE INSURANCE

Subscribed 0.6, Day 3

A2Z INFRA ENGG

To Issue Rs 8 Cr Shares adding up to Rs 850 Cr

Issue amounts to 74% of Total Debt

Issue for one-time settlement to lending banks

To pay Rs 17.50 Cr in cash

To issue shares worth Rs 25 Cr

Total SICOM Debt outstanding at Rs 114.28 Cr

KNR CONSTRUCTION JV

Bags order worth Rs 884.47 Cr from Govt Of Telangana

INTERGLOBE AVIATION

Approves Allotment Of 3.35 Cr Shares Pursuant To QIP

Fresh Issue: 2.23 Cr
OFS: 1.11 Cr

  • SENSEX

    31,922.44 447.60   (-1.38 %)
  • NIFTY

    9,964.40 157.50   (-1.56 %)
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News In Brief

 

    US dollar ends cheaper against rupee

    Mumbai: The US dollar ended cheaper against the rupee at 64.79/80 per dollar but the pound sterling finished higher at Rs 87.91/93 at the close of the Interbank Foreign Exchange (forex) market here today.

    Following are the interbank forex and RBI rates:

    (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.79/80 US Dollar Rs 64.9596 Pound Sterling 87.91/93 Euro Rs 77.7566 Euro 77.56/58 Japanese Yen (100) 57.

    (PTI)

    RBI sets rupee reference rate at 64.9596 against dollar

    Mumbai: The Reserve Bank of India today fixed the reference rate of the rupee at 64.9596 against the US dollar and 77.7566 for the euro. The corresponding rates were 64.5256 and 76.7403, as on yesterday.

    According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 88.3061 and 57.99 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate, the statement added. 

    (PTI)

    Jaitley pledges to find resources to support debt-laden banks

    Mumbai: India will make efforts to find resources to support debt-laden banks to help them fund economic growth, Finance Minister Arun Jaitley told a meeting of bankers on Friday.

    Jaitley said stressed bank assets have become a “concern” for the economy. Bad loans have crimped the ability of Indian lenders to offer new credit. Growth in Asia’s third-largest economy slowed to a three-year low of 5.7 percent in the quarter that ended in June, and Jaitley said on Wednesday that the government was looking for ways to speed it up.

    (Reuters)

    Rupee hits 4-month low against dollar, drops 31 paise

    Mumbai: The rupee today dropped by 31 paise to a four-month low level of 65.12 against the US dollar on frenetic dollar demand from importers and banks. Dealers said early losses in domestic equity markets and unabated foreign fund outflows weighed on the rupee.

    Yesterday, the rupee plummeted by a whopping 54 paise to end at 64.81 a dollar, its weakest level in over two-and-half months after the US Federal Reserve left the door open for a rate hike in December. The benchmark BSE Sensex drifted further lower by 231.79 points, or 0.72 per cent, to 32,138.25 in early trade today.

    (PTI)

    ONGC sells Nov Sokol crude at highest premium in 2017: sources

    Singapore: India’s ONGC Videsh has sold a cargo of Russian Sokol crude loading in November at its highest premium in 2017 on robust demand in Asia, two trade sources said on Friday.

    The 700,000-barrel cargo was sold to Vitol at a premium of $4.50 a barrel above Dubai quotes, they said. The cargo will load on Nov. 18 to 24.

    (Reuters)

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