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IRCTC stock plunged 2% on Tuesday. The company’s shares have gained nearly 3% in the last one month while they have fallen 9% in the last one year. IRCTC share price tanked 2% to Rs 632.75 today on profit booking after the state-owned company’s net profit rose 30.4% to Rs 278.80 crore in Q4FY23 from Rs Rs 213.78 crore in the same period the previous year. The company’s board recommended a final dividend of Rs Read More

At the interbank foreign exchange market, the local unit opened strong at 82.57 against the US dollar. During intra-day, the Indian currency touched the peak of 82.51 and the lowest level of 82.67. The rupee depreciated 4 paise to close at 82.64 (provisional) against the US dollar on Monday, tracking a strong American currency against major rivals overseas. However, a firm trend in domestic equities, foreign capital inflows and lower crude prices restricted the fall Read More

Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group Corp and Tiger Global Management, and was valued at $5 billion in its last fundraise in 2022. India’s Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters. Ola Electric, which makes Read More

Brent crude futures slipped 5 cents, or 0.1%, to $78.31 a barrel by 0042 GMT. U.S. West Texas Intermediate crude (WTI) fell 16 cents, or 0.2%, to $74.18. Oil prices fell in early Asian trading on Thursday after uncertainty that the United States will avoid a debt default weighed against the prospect of further OPEC+ production cuts. Brent crude futures slipped 5 cents, or 0.1%, to $78.31 a barrel by 0042 GMT. U.S. West Texas Read More

Gautam Adani reclaimed his spot among the top 20 richest people across the globe as his wealth grew by $4.38 billion in one day. The embattled Adani group Founder and Chairman Gautam Adani reclaimed his position in the top 20 on the Bloomberg Billionaires list. On Tuesday, as Adani group companies’ share prices jumped in trade, the billionaire’s net worth surged by an $4.38 billion to $64.2 billion, propelling Gautam Adani to the 18th spot Read More