Rupee falls 9 paise to close at 83.19 against US dollar on December 19, 2023 at 11:48 am

Traders said dollar buying by importers following a recent spike in the rupee amid increased FII inflows kept the unit under pressure.

Taking stock: New highs for Sensex, Nifty again; FMCG gains, IT a drag on December 19, 2023 at 10:16 am

Biggest gainers on the Nifty were Coal India, Nestle India, Tata Consumer Products, NTPC and Cipla, while losers included SBI Life Insurance, Hero MotoCorp, Adani Ports, Wipro and Adani Enterprises.

India#39;s $245 billion IT sector swallows tougher terms amid scramble for contracts on December 19, 2023 at 8:44 am

The $245-billion sector, which gained immensely from the pandemic-induced boom in digital services, has struggled in recent quarters as clients slashed spending on discretionary projects amid inflationary pressures and recession fears.

SpiceJet#39;s bid for Go First: Can the ailing revive the dead? on December 19, 2023 at 7:51 am

For SpiceJet, which is itself reeling under Rs 6,000 crore debt burden and facing insolvency pleas from aircraft lessors, reviving Go First and starting it from scratch, will not be an easy task.

Moneycontrol Pro Panorama | Year-end rush of IPOs on December 19, 2023 at 8:47 am

In today#39;s edition of Moneycontrol Pro Panorama: PSBs aren’t the big movers anymore, India’s coal production tops China, is Yemeni attack another supply chain disturbance?, India must get Generative AI basics right, and more

Need to increase per capita income to make India 3rd largest economy: Bandhan Bank MD on December 19, 2023 at 8:47 am

The per capita income of the fifth largest economy, as per the government data, stood at Rs 98,374 in 2022-23.

Vijaya Diagnostics surges 5% on Rs 134.64-cr acquisition of PH Diagnostic Centre on December 19, 2023 at 8:48 am

Since PH Diagnostic Center is the largest business-to-consumer (B2C) diagnostic chain in Pune, it will help Vijaya Diagnostic expand rapidly in that region with a faster growth rate.

Oil India, ONGC, RIL up after government slashes windfall tax, crude gains on December 19, 2023 at 8:50 am

Analysts don’t see an immediate impact of the windfall tax cut on oil companies.

Mufti Menswear IPO opens: Bennett Coleman sells over 4% stake in Credo Brands on December 19, 2023 at 9:18 am

Mufti Menswear IPO: BCCL has sold 25.36 lakh equity shares to ACM Global Fund VCC and 3.6 lakh equity shares to Negen Capital Services at the upper price band

West Hollywood Minimum Wage, Highest in U.S., Irks Merchants on December 19, 2023 at 10:02 am

In July, West Hollywood raised its minimum wage to $19.08 an hour, causing angst among those who own businesses.