The rupee rallied 48 paise in afternoon trade to 73.82 against the US dollar on Thursday after RBI Governor assured that there is enough power left with the central ban

Rupee jumps 48 paise against USD to over 5-month high

The rupee rallied 48 paise&nbsp;in afternoon trade to 73.82 against the US dollar on Thursday after RBI Governor assured that there is enough power left with the central bank to deal with the current economic situation caused by the pandemic.
In morning trade on Thursday, the domestic currency had touched 74.36 against the greenback.
Yields on the 10-year benchmark government bonds also fell five basis points to 6.14% right after the governor's comments.
The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 11 basis points to 92.88.
&nbsp;

The rupee rallied 48 paise in afternoon trade to 73.82 against the US dollar on Thursday after RBI Governor assured that there is enough power left with the central bank to deal with the current economic situation caused by the pandemic. In morning trade on Thursday, the domestic currency had touched 74.36 against the greenback. Yields on the 10-year benchmark government bonds also fell five basis points to 6.14% right after the governor's comments. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 11 basis points to 92.88.

Bharti Airtel&nbsp;has moved the Supreme Court over arithmetical errors in the&nbsp;telecom&nbsp;department's calculation of adjusted gross revenue (AGR)-related dues.&

Bharti Airtel&nbsp;has moved the Supreme Court over arithmetical errors in the&nbsp;telecom&nbsp;department's calculation of adjusted gross revenue (AGR)-related dues.&nbsp;Vodafone Idea may follow suit in the coming days, some reports said.
Airtel claims that total AGR dues payable on account of the license fee is limited to ₹21,000 crore, CNBC&nbsp;TV18 reported. However, the demand raised by DoT of ₹43,989 crore includes license fee dues and spectrum usage charges, of which the telco&nbsp;has paid ₹18,004 crore.
Vodafone Idea&rsquo;s total dues are currently at ₹58,254 crore. If only licence fee will be considered, total dues will come down to ₹28,308 crore, as per CNBC&nbsp;TV18's estimates. Vodafone&nbsp;Idea has already paid ₹7,854 crore.
Following the development, the scrips of Bharti&nbsp;Airtel&nbsp;and Vodafone&nbsp;Idea surged as much as 2.5% on the NSE.

Indian equity markets opened with marginal gains on Wednesday even as most of the Asian bourses&nbsp;remained in the red.
At around 9:25 am, the Sensex&nbsp;was 49 poi

Indian equity markets opened with marginal gains on Wednesday even as most of the Asian bourses&nbsp;remained in the red.
At around 9:25 am, the Sensex&nbsp;was 49 points or 0.10% higher at 48,487 and the Nifty was trading at 14,224, up 0.18%.
GAIL, ONGC, Titan, Indian Oil and L&amp;T were the top five Nifty movers. Whereas Eicher&nbsp;Motors, HDFC&nbsp;Life, Axis Bank, ITC&nbsp;and Reliance were the worst performers in the morning session.
&nbsp;

Domestic equity benchmarks closed at record highs on Tuesday as the banking stocks rallied even as the metals saw some decline.
After starting the session in red, the 

Domestic equity benchmarks closed at record highs on Tuesday as the banking stocks rallied even as the metals saw some decline.
After starting the session in red, the Sensex&nbsp;closed 260 points higher at 48,437 and the Nifty closed at a new all-time high of 14,199, up 0.47%.
Axis Bank, HDFC, IndusInd&nbsp;Bank, HDFC&nbsp;Life and Wipro&nbsp;were the top five Nifty gainers. On the other hand, ONGC, JSW&nbsp;Steel, Hindalco, Tata&nbsp;Steel and Bajaj&nbsp;Finance were the top losers.
The local currency&nbsp;slipped 15 paise to close at 73.17 against the greenback.

Indian stock markets opened mildly lower on Tuesday following a drastic fall in the US markets, ahead of the&nbsp;Senate runoff election.
At 9:20 am, the Sensex was 86

Indian stock markets opened mildly lower on Tuesday following a drastic fall in the US markets, ahead of the&nbsp;Senate runoff election.
At 9:20 am, the Sensex was 86 points in the red at 48,090 and the Nifty was trading at 14,101, down 0.22%.
Tata&nbsp;Motors, ONGC, ICICI&nbsp;Bank, Hindalco&nbsp;and Mahindra&nbsp;&amp; Mahindra&nbsp;were the top five losers. whereas, TCS, HDFC, HCL&nbsp;Tech, HDFC&nbsp;Life and Hero Moto&nbsp;Corp were the top gainers.

Foreign portfolio investors (FPIs) remained net buyers in Indian markets for the third month in a row by investing ₹68,558 crore in December.&nbsp;
As per depositories

Foreign portfolio investors (FPIs) remained net buyers in Indian markets for the third month in a row by investing ₹68,558 crore in December.&nbsp;
As per depositories data, overseas investors put in a net ₹62,016 crore into equities and ₹6,542 crore into the debt in December 2020.&nbsp;For the equity segment, this is the highest quantum of money invested ever since the FPI data has been made available.
The second highest amount into equities was invested by FPIs in November when they had pumped in ₹60,358 crore.
&nbsp;

The government has invited preliminary bids for a 26% strategic stake sale in BEML Ltd which manufactures equipment for mining, construction, defence and rail projects.

The government has invited preliminary bids for a 26% strategic stake sale in BEML Ltd which manufactures equipment for mining, construction, defence and rail projects.
The centre currently holds 54.03% in the listed public sector enterprise and intends to transfer management control through open competitive bidding route. It has appointed SBI Capital Markets as its transaction adviser.
The company has a market capitalization of around&nbsp;₹2,500 crore and total revenue from operations of&nbsp;₹3,028&nbsp;crore in FY20.

Indian equity markets jumped higher&nbsp;in the opening session on Monday as the Sensex&nbsp;moved above the 48,000-mark for the first time.
At 9:25 am, the BSE Sensex

Indian equity markets jumped higher&nbsp;in the opening session on Monday as the Sensex&nbsp;moved above the 48,000-mark for the first time.
At 9:25 am, the BSE Sensex&nbsp;was 231 points in the green at 48,100, a level seen for the very&nbsp;first time. The Nifty also surged to its record high level of 14,095, gaining over 0.5%.
Tata&nbsp;Motors, GAIL, Eicher&nbsp;Motors, Tata&nbsp;Steel and ONGC&nbsp;were the top Nifty movers during the morning trade.
Among the sectoral&nbsp;indices, Nifty Metal index gained the most. Most of the Asian bourses&nbsp;were trading higher.

Equity markets ended with strong gains on Thursday led by a rally in banking and pharma&nbsp;stocks.
The Sensex&nbsp;zoomed 529 points to end the session at 46,973 and

Equity markets ended with strong gains on Thursday led by a rally in banking and pharma&nbsp;stocks.
The Sensex&nbsp;zoomed 529 points to end the session at 46,973 and the Nifty rose over a percent or 148 points to close at 13,749.
Tata&nbsp;Motors, Sun Pharma, Axis Bank, Reliance and Indian Oil Corporation were the top five Nifty gainers.
Among the sectoral&nbsp;indices, Bank Nifty gained 1.7%, Nifty Pharma&nbsp;gainer 1.2%, whereas the Nifty&nbsp;IT index was in the red.
The rupee rallied 21 paise to close at 73.55 against the US dollar.

Mrs Bectors Food Specialities&nbsp;shares listed at a massive 74% premium over its issue price of ₹288, after a huge subscription to its IPO last week. The share price 

Mrs Bectors Food Specialities&nbsp;shares listed at a massive 74% premium over its issue price of ₹288, after a huge subscription to its IPO last week. The share price opened at ₹501 on the BSE, higher by ₹213 compared to issue price, while on the National Stock Exchange, it listed at ₹500, a&nbsp;73.61% premium.
Shares hit the upper circuit of ₹601.20 on the BSE and ₹600 on the NSE in the initial trade. The BSE has fixed the upper price band for shares at ₹601.20 and the lower price band at ₹400.80 for the listing day. This is 20% higher and lower respectively compared to the opening price.&nbsp;

Equity benchmarks&nbsp;continued their rally on Thursday, supported by gains in banks, metals and autos.
At 9:20 am, the Sensex was 302 points or 0.65% higher at 46,74

Equity benchmarks&nbsp;continued their rally on Thursday, supported by gains in banks, metals and autos.
At 9:20 am, the Sensex was 302 points or 0.65% higher at 46,746 and the Nifty was trading 0.61% in the green at 13,684. Nifty is less than 100 points away from its all-time high of 13,777.
ONGC, Tata&nbsp;Motors, GAIL, Bajaj&nbsp;Auto and Bharti&nbsp;Airtel were the top five Nifty movers.
Only three out of the 50 stocks in the Nifty index were in the red.

The government has again extended the suspension of fresh proceedings under the insolvency law by three more months, starting December 25.&nbsp;
Fresh insolvency proce

The government has again extended the suspension of fresh proceedings under the insolvency law by three more months, starting December 25.&nbsp;
Fresh insolvency proceedings were suspended&nbsp;from March 25 due to the disruptions caused by the&nbsp;coronavirus&nbsp;pandemic. Initially, the suspension&nbsp;was for six months starting from March 25 and then, it was extended by three months.&nbsp;
The corporate affairs ministry took this step to provide relief for companies reeling under the impact of the pandemic.&nbsp;A bill to amend the Insolvency and Bankruptcy Code was cleared by Parliament in September.

IT services major Wipro has announced a ₹9,500-crore share buyback programme which will commence on December 29 and close on January 11, 2021.
Last month, shareholders

IT services major Wipro has announced a ₹9,500-crore share buyback programme which will commence on December 29 and close on January 11, 2021.
Last month, shareholders had approved Wipro's buyback plan for purchase of up to 23.75 crore equity shares at ₹400 per share, aggregating to an amount of up to ₹9,500 crore. The company has set December 11, 2020 as the record date for determining eligibility for the buyback.
Shares of Wipro&nbsp;were trading close to 3% higher on the&nbsp;NSE at ₹374 on Wednesday.

German automotive major Daimler AG and&nbsp;Infosys&nbsp;have entered a long-term strategic partnership for a technology-driven IT infrastructure transformation.&nbsp;

German automotive major Daimler AG and&nbsp;Infosys&nbsp;have entered a long-term strategic partnership for a technology-driven IT infrastructure transformation.&nbsp;
Infosys didn't disclose financial details of the deal but it is estimated at over a billion dollars, according to a Mint report.
The collaboration will allow Daimler to strengthen its IT capabilities, and Infosys, its automotive expertise. The transfer will also enable Infosys to bolster and grow its automotive business while offering Daimler employees strong prospects for long-term career growth and development.
Following the development, shares of Infosys&nbsp;jumped over a percent on Wednesday to trade at ₹1,234 on the NSE.

Domestic stock exchanges opened in the green on Wednesday led by a rally in IT stocks.
At 9:20 am, the Sensex was 99 points up at 46,105 and the Nifty was trading 0.16

Domestic stock exchanges opened in the green on Wednesday led by a rally in IT stocks.
At 9:20 am, the Sensex was 99 points up at 46,105 and the Nifty was trading 0.16% higher at 13,487.
Wipro, Infosys, HCl&nbsp;Tech, Tech Mahindra&nbsp;and Asian Paints were the top gainers. On the other hand, ONGC, Divis&nbsp;Lab, Hindalco, JSW&nbsp;Steel and GAIL were the top losers.
Among the sectoral&nbsp;indices, the Nifty&nbsp;IT index was up over 1.5%, while the Bank Nifty was mildly lower.

The Sensex&nbsp;tanked over 2,000 points on Monday as panic selling intensified across the globe after the UK reported a new strain of coronavirus&nbsp;which is more in

The Sensex&nbsp;tanked as much as 2,000 points during the trading session on Monday as panic selling intensified across the globe after the UK reported a new strain of coronavirus&nbsp;which is more infectious.
The BSE&nbsp;benchmark&nbsp;index slumped 1,406 points to close the day at 45,553 and the Nifty plummeted more than 3% to end at 13,328.
Tata&nbsp;Motors was the top Nifty loser, followed by ONGC, GAIL, IndusInd&nbsp;Bank, and Hindalco.
The rupee fell 25 paise&nbsp;to 73.82 against the US dollar as demand for the safe-haven rose.
Global markets saw a bloodbath after investors turned cautious about the economic implications as some countries have already shut their borders&nbsp;with the UK.

Indian equities closed with gains on Friday led by a strong buying seen in IT and pharma&nbsp;stocks.
The Sensex&nbsp;ended 70 points in the green at 46,960 and the Ni

Indian equities closed with gains on Friday led by a strong buying seen in IT and pharma&nbsp;stocks.
The Sensex&nbsp;ended 70 points in the green at 46,960 and the Nifty rose 0.14% to close the trade at 13,760.
DrReddy, Bajaj&nbsp;Auto, Infosys, Wipro&nbsp;and Cipla&nbsp;were the top Nifty gainers. Whereas, IndusInd&nbsp;Bank, HDFC&nbsp;Bank, ONGC, Maruti&nbsp;and IOC&nbsp;were the top losers.
The rupee settled 3 paise higher at 73.56 against the US dollar.

The largest US-based cryptocurrency&nbsp;exchange Coinbase is going public as renewed investor interest in cryptocurrencies has pushed bitcoin to an all-time high, CNBC

The largest US-based cryptocurrency&nbsp;exchange Coinbase is going public as renewed investor interest in cryptocurrencies has pushed bitcoin to an all-time high, according to a&nbsp;report by&nbsp;CNBC.&nbsp;California-based Coinbase&nbsp;was&nbsp;founded in 2012 and the company has grown into the largest digital currency exchange in the US. Bitcoin&nbsp;rallied more than 12% to top&nbsp;$23,000&nbsp;for the first time on record on Thursday.

Mrs Bectors&nbsp;Food Specialities became the most successful initial public offering (IPO) of 2020 as it was subscribed for nearly 200 times, stock exchange data showe

Mrs Bectors&nbsp;Food Specialities became the most successful initial public offering (IPO) of 2020 as it was subscribed for nearly 200 times, stock exchange data showed. Mrs Bectors subscription figures beat Mazagon Dock Shipbuilders IPO and&nbsp;Burger King India IPO that drew big subscription numbers this year, almost 157 times each.

Equity benchmarks were flat on Friday after opening at record highs as banking stocks fell while IT saw some gains.
At 9:20 am, the Sensex was 24 points up at 46,915, 

Equity benchmarks were flat on Friday after opening at record highs as banking stocks fell while IT saw some gains.
At 9:20 am, the Sensex was 24 points up at 46,915, right after touching 47,000 for the first time ever. The Nifty was trading at 13,745, 0.04% on the green side.
HCL&nbsp;Tech, Wipro, Infosys, Tech Mahindra&nbsp;and Hindalco&nbsp;were the top gainers. On the other hand, HDFC&nbsp;Bank, HDFC, IndusInd&nbsp;Bank, Kotak&nbsp;Bank and Coal India were the top losers.
&nbsp;

The government's total net direct tax collection, which includes advance tax, dropped 17.6% year-on-year in&nbsp;FY21 till December 15,&nbsp;Moneycontrol&nbsp;reported 

The government's total net direct tax collection, which includes advance tax, dropped 17.6% year-on-year in&nbsp;FY21 till December 15,&nbsp;Moneycontrol&nbsp;reported on Wednesday quoting government sources.
The direct tax collections up to December 15 stood at ₹4.95 lakh crore as against ₹6.01 lakh crore in the corresponding period a year ago.&nbsp;
According to the report, corporate tax collected till December 15 stood at ₹2.26 lakh crore and personal income tax stood at ₹2.57 lakh crore.

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Rupee jumps 48 paise against USD to over 5-month high

Aug 27, 2020 15:42 IST

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