RBI Likely Buying Dollars Via State Banks: Traders
The RBI was likely buying dollars via state-run banks starting at around 62.02 levels to prevent a further appreciation in the rupee, four traders said on Tuesday. The partially convertible rupee was trading at 62.06/07 per dollar by 1345 India time (0815 GMT), after moments earlier hitting as much... read more »
Sebi seeks fresh clarification on Videocon d2h’s Rs 700-cr IPO
Market regulator Sebi has sought fresh clarifications from the merchant banker of Videocon d2h Ltd, the satellite television arm of Videocon Group, regarding its proposed Rs 700-crore initial public offer (IPO). Without disclosing the details of clarifications sought, Securities and Exchange Board... read more »
Zomato in talks to raise $100 million after acquiring US-based Urbanspoon
Zomato, India’s restaurant search services provider, is in talks to raise about $100 million in fresh funding after it acquired US-based rival Urbanspoon for about $50 million in one of the biggest overseas deals. Seattle-based Urbanspoon, which was previously owned by media mogul Barry... read more »
Coal India slips on divestment buzz
Coal India fell 4.17% to Rs 360.10 at 11:09 IST on BSE on report the government is planning to sell a 10% stake in the state-run coal miner. Meanwhile, the BSE Sensex was down 25.07 points, or 0.09%, to 27,433.31. On BSE, so far 1.26 lakh shares were traded in the counter, compared with an average... read more »
