Rupee plummets 60 paise to close at all-time low of 77.50/USD
May 09, 2022 17:36 ISTForex traders said risk appetite has weakened amid mounting concerns about inflation that may trigger more aggressive rate hikes by global central banks.
Forex traders said risk appetite has weakened amid mounting concerns about inflation that may trigger more aggressive rate hikes by global central banks.
the domestic airline operators saw the international passenger traffic marginally surpassing the pre-pandemic numbers (around 1.83 million), with total volumes standing at around 1.85 million.
The slide in the value of digital assets comes as stock markets around the world also dropped in recent days. On Monday, some Asian markets headed lower again with Japan's benchmark Nikkei index down by around 2 percent.
The stock has been quoting lower for the past many days and further slumped 3 per cent to Rs 2,542.10, amid a weak trend in the broader market.
The stock listed at Rs 355, registering a premium of 21.57 per cent, against the issue price on the BSE.
Adani Airport Holdings Ltd handle around 200 million consumers, including passengers and non-passengers.
Sensex declined more than 800 points to trade below 54,000 in the opening trade while Nifty slipped below 16,200 after falling 250 points.
Against 16,20,78,067 shares on offer, 29,08,27,860 bids were received, according to the data posted on stock exchanges at 7 pm. However, the Qualified Institutional Buyer (QIB) category is yet to be fully subscribed.
The Jalan-Kalrock Consortium is currently the promoters of Jet Airways. The airline in its old avatar was owned by Naresh Goyal and had operated its last flight on April 17, 2019.
Elon Musk, who has made a successful USD 44 billion acquisition bid for Twitter, had in the past asked India to reduce import duties to sell Tesla electric cars but the government has insisted on local manufacturing.
Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the central bank, in an off-cycle meeting, hiked the repo rate by 40 basis points (bps) to 4.40 per cent with immediate effect.
Ukraine is one of the world's biggest exporters of wheat, but the war is taking a toll on the country's agriculture and food supplies, sparking fears of shortages or higher prices around the world, The Guardian reported.
The move comes just days after several lenders, including ICICI Bank, Bank of Baroda and Bank of India, raised interest rates following the Reserve Bank of India's surprise repo rate hike on Wednesday.
The retail arm of Reliance Industries Ltd (RIL) saw its EBITDA cross Rs 12,000 crore in the last financial year.
In August last year, the top court had ordered demolition of twin towers and ordered refund to the home buyers, who had purchased apartments.
Subscription for non-institutional investors' segment stood at 76 per cent, while that for QIBs' portion was lower at 56 per cent.
A sharp drop in the rupee amid a spurt in crude oil prices and unabated foreign fund outflows added to the woes.
The statement by the asset management company comes in the wake of complaints reportedly being received by Axis Mutual Fund from stock brokers about fund managers punching in trades on behalf of the fund at values much higher than the market.
LIC IPO: Overall, the country's biggest-ever IPO is more than fully subscribed as it has received 17,98,42,980 bids, as against 16,20,78,067 shares on sale.
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