Photo: Business Standard
Indian Rupee Hit All Time Low, Settles At 79.62 Against USD
In trade, the Indian currency hit a new low record at 79.62 with fall of three paise against the US Dollar, on July 13. At the foreign interbank exchange, the rupee opened at 79.55, which later witnessed a depreciation, and closed at 76.62. Furthermore,the BSE Sensex ended 372.46 points or 0.69 per cent lower at 53,514.15, while the broader NSE Nifty fell 91.65 points or 0.57 per cent to 15,966.65.
Tags: Indian Rupee, USD, Bombay stock exchange, NSE NIFTY, Record Low
Courtesy: Press Trust of India
Photo: Business Insider India
National Stock Exchange, Bombay Stock Exchange Approve HDFC-Bank Merger Proposal
The National Stock Exchange and Bombay Stock Exchange have authorized the proposed merger of HDFC Bank and its parent company HDFC, stating that they have "no objection," bringing the transaction one step closer to completion. According to the terms of the agreement, HDFC Ltd owners would get 42 HDFC Bank shares for every 25 HDFC Ltd shares owned. Existing HDFC Ltd. stockholders will hold 41% of HDFC Bank.
Tags: HDFC, merger agreement, HDFC BANK, NATIONAL STOCK EXCHANGE, Bombay stock exchange
Courtesy: ANI
Photo: Business Standard
Maruti Suzuki Increases Car Prices Again; Hiked By 1.3%
Maruti Suzuki India announced to increase prices across its model line-up, with immediate effect, from April 18. As per the regulatory filing on the BSE, the prices of Maruti Suzuki models will have an average hike of 1.3% (ex-showroom). Furthermore, the company announced the decision of having an upward revision in prices, across all models due to the rising manufacturing cost for all of the Suzuki models.
Tags: Maruti Suzuki, Price Hike, Bombay stock exchange, India, Models
Courtesy: Car&Bike
