Re nears 85 as rate cut bets rise
Financial Express Pune|December 11, 2024
THE MARKET WILL closely watch the new governor's strategy of handling pressure on the rupee.

"The market expects the new governor to be more flexible in his policies related to dollar-rupee. As real effective exchange rate remains above 107.21 in October, expect the rupee to reach 85 by month end and 85.50 by March end," said Anil Kumar Bhansali, head of treasury at Finrex Treasury Advisors.

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Financial Express Pune

2W sales skid sharp 19% in Dec

RETAIL SALES OF two-wheelers are headed for their first December drop in two years with the first half of the month registering a sharp 19% year-on-year fall, according to data sourced from the government's Vahan portal.

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2 mins  |
December 19, 2024
Financial Express Pune

Sebi tightens SME listing regulations

• Performance validation agency PaRRVA set up

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2 mins  |
December 19, 2024
Financial Express Pune

Trump threatens to impose reciprocal tariffs on India

US PRESIDENT-ELECT DONALD Trump has said that India charges \"a lot\" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.

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2 mins  |
December 19, 2024
Financial Express Pune

'Had fun but it's time': Ashwin bows out of internationals with shock retirement call

RASHWIN STOOD in the corridor outside the press conference room after the third Test ended in a draw. Captain Rohit Sharma, walking just ahead of him, gestured to the waiting journalists. \"Sab pata chalega abhi (everything will be known now),\" he said with a laugh, perhaps in reference to the buzz in the press box and on social media about the possible retirement of a \"big player\".

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3 mins  |
December 19, 2024
Financial Express Pune

US announces H-1B visa overhaul, Indian techies to benefit

TO TAKE EFFECT IN MID-JANUARY

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1 min  |
December 19, 2024
Financial Express Pune

Free healthcare for senior citizens: Kejriwal

AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power.

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1 min  |
December 19, 2024
Financial Express Pune

Navy boat hits ferry off Mumbai coast, 13 dead

A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday.

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1 min  |
December 19, 2024
Financial Express Pune

Sebi tightens SME IPO rules

SEBI cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE), increasing the HVDLE identification threshold from ₹500 cr to ₹1,000 cr (aligning with large corporates), and introduced a sunset clause governing debt-listed securities corporate governance. Ease of doing business norms for asset management companies, SM REITs, and AI use by market infrastructure institutions (MIIs) were also ratified. The application size (₹1 lakh) and minimum investor number remained unchanged.

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1 min  |
December 19, 2024
Financial Express Pune

Trump threatens to impose reciprocal tariffs on India

HE MADE THE remarks while responding to a question on a potential trade agreement with China.

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2 mins  |
December 19, 2024
Financial Express Pune

Opposition seeks Shah's resignation

● PM defends HM; slams Cong & its 'rotten ecosystem'

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2 mins  |
December 19, 2024