Shares of Indian food and grocery delivery firm Swiggy debuted 7.7% higher in pre-open trade on Wednesday, after institutional investors led its $1.4 billion initial public offering to be oversubscribed by more than three times last week. The stock is listed at 420 rupees ($4.98) on India’s National Stock Exchange, compared to its issue price of 390 rupees.
A day after the political row over a routine check of Shiv Sena (BT) chief Uddhav Thackeray’s luggage, the BJP today posted a video of airport security frisking Maharashtra Deputy Chief Minister Devendra Fadnavis’ bags and took a swipe at Mr Thackeray. Without naming Mr Thackeray, the ruling party said “some leaders have a habit of showing off” and added that Mr Fadnavis did not raise a storm over the luggage check. The Maharashtra BJP said in a post on X that Mr Fadnavis’ bags were checked at Yavatmal on November 7 and at Kolhapur on November 5, but he didn’t make an issue out of it. In a dig at the Opposition bloc’s ‘save… Read More »Amid Uddhav Thackeray Bag Check Row, BJP Shares A Devendra Fadnavis Video
The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit. Forex traders said the USDINR pair has shown significant volatility in recent sessions, with the rupee inching closer to its all-time low of 84.40. This downward pressure is largely driven by global factors, particularly the Dollar Index’s strengthening. At the interbank foreign exchange, the rupee opened at 84.40 against the greenback, registering a fall of 1 paisa over its previous close. On Tuesday, the rupee fell 1 paisa to a new lifetime low of 84.39 against the US… Read More »Rupee At All-Time Low Of Rs 84.40 Against US Dollar In Early Trade
NTPC Green Energy has set a price band of 102 rupees to 108 rupees per share for its 100 billion rupees ($1.19 billion) initial public offering (IPO), a newspaper advertisement showed on Wednesday. The renewable energy firm’s IPO will open for bids on November 19 and close on November 22. Large “anchor” investors will bid on November 18. The IPO of state-owned NTPC’s unit will be the country’s third-biggest stock offering this year, behind Hyundai Motor India and Swiggy.
<p>As heavy rains continue to impact several districts across Tamil Nadu, authorities have announced school and college holidays in select districts on Wednesday. Educational institutions in Mayiladuthurai and Karaikal, Puducherry, will remain closed, while only schools in Cuddalore, Ariyalur and Perambalur districts have been granted a holiday.</p> <p>The ongoing rainfall is driven by a low-pressure system over the Southwest Bay of Bengal, which India Meteorological Department (IMD) reports is expected to weaken but will likely move towards Tamil Nadu in the next two days. This system, combined with a cyclonic circulation extending up to 4.5 km above mean sea level, is causing substantial rainfall in Tamil Nadu and coastal Andhra Pradesh, prompting a yellow alert… Read More »Widespread Heavy Rains Lash Tamil Nadu, Schools & Colleges Closed In Several Districts