The United States military has reportedly established a discreet shipping corridor through the Strait of Hormuz to facilitate the movement of crude oil amid continuing disruptions caused by the US-Iran conflict. According to a report by Axios.
Heavy rainfall lashed several parts of Delhi on Thursday morning, offering relief from persistent humidity and uncomfortable weather conditions.
The ₹650-crore initial public offering (IPO) of Tempsens Instruments opened for subscription on Thursday, August 20, amid strong investor interest and an exceptionally high grey-market premium (GMP).
Shares of sugar companies extended their recent gains on Thursday, August 20, after the Centre announced plans to import around 1 million tonnes (mt) of raw sugar at nil duty to improve domestic availability and contain rising sugar prices.
Shares of Strides Pharma Science witnessed a sharp rally in Thursday’s trading session after the company announced that its flagship manufacturing facility in Bengaluru had received an Establishment Inspection Report (EIR).
India’s vehicle-finance market is expanding rapidly, supported by rising vehicle ownership, improving access to formal credit and growing demand for both new and pre-owned vehicles. However, the latest credit data also highlights an emerging concern.
The Indian rupee gained 17 paise against the US dollar in early trade on Thursday, August 20, as a weaker greenback and softer US long-term bond yields provided some relief to the domestic currency.
HDFC Bank is once again preparing to tap the international debt market, targeting an overseas dollar bond raise of at least $1 billion as Indian banks race to complete foreign-currency fundraising before a special Reserve Bank of India (RBI).
Indian equity markets staged a strong rebound on Thursday, August 20, as benchmark indices recovered from a seven-session losing streak, supported by gains in IT, private banking and realty stocks.