Business

Name: thedailyguardian
Address: Delhi, News Delhi, 110065, IN
Telephone: +91-1161362085

Rupee Hits Record Low As Asian Currencies Fall

11 Jun 2024 17:35 PM IST

The Indian rupee declined marginally to close at a record low, influenced by the weakness of other Asian currencies, despite sporadic dollar-selling interventions by the central bank towards the end of trading. According to traders, these dollar sales did manage to prevent more significant losses. The rupee ended at 83.5650

Stock Market Update: Nifty Outlook, Cabinet Insights, And Top Stock Recommendations For Tuesday

11 Jun 2024 10:06 AM IST

The Indian stock market closed lower on Monday, influenced by weak global cues triggered by hotter-than-expected US job data. Here are the key highlights from today’s trading session: Market Performance: The Nifty 50 index edged lower by 30 points to close at 23,259, while the BSE Sensex shed 203 points,

SEBI Proposes Stricter Rules On Stock Derivatives Trading On Individual Stocks

10 Jun 2024 21:33 PM IST

India’s Securities and Exchange Board (SEBI) has proposed new, stricter regulations on trading individual stock derivatives (futures and options) to mitigate the risks of market manipulation following a significant surge in options trading. According to a Reuters report, SEBI’s proposal comes in response to the explosive growth in the derivatives

Cognizant To Buy Belcan Worth $1.3 Billion

10 Jun 2024 18:28 PM IST

IT services company Cognizant is set to buy digital engineering firm Belcan worth 1.3 billion dollars in cash and stocks. This deal will expand the footprint of cognizant in areas like aerospace, defense, space and automotive sectors. Talking about this deal company’s CEO Ravi Kumar talking to Reuters said, ‘I’m

Why RBI Brought 100 Tonnes Of Gold Reserves To India—RBI Governor Reveals The Reason

10 Jun 2024 17:17 PM IST

Recently, RBI Governor Shaktikanta Das revealed the reason behind the decision to bring gold back to India from the UK on Monday. As per RBI’s governor, there was an increase in gold holdings due to RBI’s purchases, and since, there was an available storage space within the country, they decided

Stock Market Today: Sensex, Nifty Flatline Post Record High Opening Following PM Modi’s Oath

10 Jun 2024 14:45 PM IST

Indian stock market shares eased today (June 10) after hitting record highs, with IT stocks falling amid concerns over potential US rate cuts. Benchmark indices surged initially led by Reliance Industries Ltd and Axis Bank Ltd, following Narendra Modi’s third term oath-taking. NSE Nifty 50 reached a new high of

Paytm Terminates Undisclosed Number Of Employees, Offers Outplacement Support

10 Jun 2024 13:47 PM IST

Paytm’s Parent company One97 Communications Limited fired an undisclosed number of employees as a part of the restructuring process on Monday. As a result, Paytm is giving outplacement support to these employees, and is collaborating with over 30 companies, which are currently hiring or facilitating, by sharing information to place

Ixigo IPO Unlocks Today: Explore Issue Size, Price Band, & GMP!

10 Jun 2024 13:20 PM IST

Ixigo’s initial public offering (IPO) commenced its public issue on Monday, aiming to raise Rs 740.10 crore. The IPO is priced in the range of Rs 88 to Rs 93 per share and will remain open for bidding until June 12, 2024. It comprises a fresh issue of 1.29 crore

Indian Stock Market: 7 Key Weekend Changes From Gift Nifty To Modi 3.0 And US Nonfarm Payrolls

10 Jun 2024 11:52 AM IST

The Indian stock market indices, Sensex and Nifty 50, are anticipated to commence trading on a tepid note today, mirroring mixed signals from global counterparts. Asian markets exhibited varied trends, while the US stock market witnessed a slight decline last week amid speculation regarding potential interest rate cuts by the

Sensex-Nifty Hits Record High As Modi & His Cabinet Sworn In

10 Jun 2024 10:57 AM IST

Over the past week, Indian stock indices have maintained an upward trajectory, reaching new record highs when trading resumed on Monday following Modi and his council of ministers’ swearing-in ceremony. Earlier in the day, sensex was at 76,890.34, which was up by 0.3 per cent, while Nifty stood 23,372 points,

RailTel Gets 81 Crore Order From National Informatics Centre Services

09 Jun 2024 18:59 PM IST

The state-run organization, Railtel has bagged a significant work order worth Rs 81.6 crore from National Informatics Centre Services Incorporated (NICSI) for ICT infrastructure. As per June 8 regulatory filing, the order involves supply, installation, configuration, commissioning and consolidation of infrastructure, in addition to operating and maintaining duties. According to

Adani Airport Holdings Achieves 7% YoY Growth, Handles Over 1 Million Tonnes of Cargo

09 Jun 2024 13:02 PM IST

Adani Airport Holdings achieved a significant milestone by handling over one million tonnes of air cargo during the fiscal year 2023-2024, as reported in their filing on Sunday. This accomplishment underscores the company’s operational prowess and strategic expansion within the aviation sector. Across seven airports under Adani’s umbrella, more than