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The preferential shares were issued at a dividend rate of 9 percent on a private placement basis to RIL.

In today#39;s edition of Moneycontrol Pro Panorama: Pakistan military taking centerstage, the froth in small and mid cap stocks, demand for windmills improve project pipeline, learning from UCO Bank IMPS glitch, and more

Still, the currency will underperform its Asian peers as the Reserve Bank of India (RBI) could continue to accumulate inflows and build forex reserves “at every opportunity,” economist Santanu Sengupta said.

As many as 6 lakh shares changed hands during trade today, significantly higher than one-week average of 5,000

Geopolitical factors, the upcoming general election and any potential impact of COVID variants on travel will be key factors to watch out for in the New Year

The clarification from Vodafone Idea came after its stock surged in the past two sessions on what business magazine BusinessWorld said were “markets betting” that Musk was looking to buy a stake in the company to help Starlink enter India.

Gwanggu Lee succeeds Tae Jin Park, who retires after a 36-year journey with Kia Corporation including a four year stint with Kia India, the automaker said in a statement.

Following the clarification, the stock, which had run up significantly on the rumour, plunged over 4 percent to Rs 16.24 on BSE on January 2. In the last six months, the stock is still up 118 percent.

Reliance Industries subscribed to non-convertible redeemable preferential shares of Alok Industries worth Rs 3,300 crore.

A few months ago, when oil prices firmed, the stock was seen as a proxy to higher oil prices, said Kotak.