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The Indian rupee opened 15 paise lower at 81.39 per dollar on Thursday against the previous close of 81.24 per dollar. The local unit is expected to appreciate amid a weaker dollar, the decline in crude oil prices, and as long as the USDINR pair stays under the 82 mark. Further, the anticipation of a weaker set of housing and manufacturing data from the US could restrict the recovery of the dollar, according to analysts. Read More

Oravel Stays Ltd, which operates travel tech firm and brand OYO, on Wednesday said it will refile its draft public listing application by the middle of next month. Earlier this month capital markets regulator Sebi had asked the company to refile the draft initial public offering (IPO) papers with certain updates. “We are working on updating all key sections simultaneously. Responsibilities have been divided among different teams, with senior company leaders driving the collaboration with Read More

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, and Hyderabad: Fuel prices remain unchanged on Tuesday, 17 January 2023, keeping costs steady for more than seven months now. In Delhi, petrol price is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at Rs 106.31 per litre, and diesel is selling at Rs 94.27 per litre. The last country-wide change Read More

Contributions to mutual fund schemes through systematic investment plans or SIPs remain unfazed by the market volatility in 2022 with inflow growing to Rs 1.5 lakh crore in 2022, a surge of 31 per cent from a year earlier, due to higher retail participation. In comparison, an inflow of Rs 1.14 lakh crore through the route was registered in 2021 and Rs 97,000 crore in 2020, data from the Association of Mutual Funds in India Read More

Sah Polymers shares witness a stellar debut on the stock exchanges as stock lists with 30% gains over the IPO price, supported by healthy subscriptions and better financial performance. Sah Polymers shares debuted at a price of Rs 85 on the National Stock Exchange (NSE) and jumped 5% to Rs 89 within minutes. The company’s Rs 66 crore IPO was subscribed 17.46 times, backed largely by retail investors and high-net-worth individuals. The company set the Read More