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ITC share price saw a volatile day of trade on Wednesday due to the tax hike in cigarettes, announced in Budget 2023. The ITC scrip saw a 6.6% fall intraday before soaring to a fresh 52-week high at Rs 365.65 on the BSE, up 3.7%. The tobacco giant continued to extend its gains on Thursday, gaining 7.4% over the course of two sessions. The share price traded at a discount of 0.5% at Rs 376.65 Read More

Jet fuel (ATF) price on Wednesday was hiked by 4 percent in line with firming international oil prices but petrol and diesel rates remained on freeze for a record 10th month in the running. Aviation turbine fuel (ATF) price was increased by Rs 4,218 per kilolitre, or 3.9 percent, to Rs 1,12,356.77 per kl in the national capital, according to a price notification of state-owned fuel retailers. The increase follows three rounds of reduction since Read More

Adani Enterprises’ follow-on public offer was fully subscribed on the last day of subscription, ie, Tuesday, January 31, 2023, with bidding still open. Qualified Institutional Buyers (QIBs) subscribed 0.97 times, Non-Institutional Investors(NIIS) subscribed 3.26 times, Retail Individual Investors (RIIs) subscribed 0.11 times, shares reserved for employees subscribed 0.52 times and in total out of 4,55,06,791 shares, 4,63,97,960 were subscribed. The FPO was subscribed 1.02 times. Abu Dhabi based, International Holding Company (IHC), on Monday said Read More

The Indian rupee fell 12 paise to 81.52 against the US dollar in the early trade on Monday. The local unit is expected to appreciate amid weakness in the dollar and a rise in risk appetite in global markets. Market sentiments are expected to improve further on hopes the US Fed will reduce the pace of rate hikes in the upcoming meeting following softness in the US inflation print. “US$INR is likely to face rejection Read More

Rupee gained by 11 paise to 81.61 per dollar on Wednesday, up from its previous close amid ease in the value of the greenback against a basket of six peers. Global crude oil benchmarks rebounded putting pressure on the currency. The dollar index was trading 0.1 per cent lower at 101.6. Sharp gains in the local unit were prevented by a rebound in crude oil prices amid optimism on-demand recovery in China. Brent crude futures Read More