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Rupee falls below 71 levels, depriciates by over 10 paise
Tue, Jan 15, 2019
The rupee depreciated by 10 paise and fell below the 71 per dollar mark in opening trade Tuesday amid strengthening greenback, sustained foreign fund outflows and surging crude oil prices.
Sportbiz gets USD 13.5 million funding, valuation zooms to USD 160 million
Thu, Oct 18, 2018
Universal Sportsbiz, the celebrity-led fashion retailer, said Thursday it has raised USD 13.5 million (around Rs 100 crore) from its existing investors, valuing the company at around Rs 1,200 crore.
Why gold is a dead investment
Mon, Jan 15, 2018
Gold sales in December 2017 were 15% higher than the previous month, as per a newspaper report. Experts say this can hardly be considered data because it does not provide comparisons with figures from matching periods in previous years.
Strong Rupee unlikely to impact Indian exports this time around
Tue, May 02, 2017
Rudra Sensarma, professor of economics, IIM Kozhikode said, “Since most exporters use short term forward contracts to hedge their forex exposures, they would be unfazed by the strengthening rupee unless it significantly drops below the 65-68 range it has been maintaining for more than a year."
Alibaba's payment affiliate Ant Financial planning to raise $2 to $3 billion in debt: Source
Thu, Feb 09, 2017
According to a source, Alibaba's payment affiliate Ant Financial Services Group is planning to raise funds of about $2 to $3 billion in debt to finance its acquisition of MoneyGram International Inc.