World Updates
Precision engineering player Aequs has come out with a $102.4 million IPO that was completely subscribed within hours of debuting on Wednesday. The firm is mostly engaged aircraft component production and is a supplier to Boeing and Airbus. Boeing and Airbus, two of the biggest participants in the aircraft industry, are eager to increase their … Read more
The rupee sank to a record low on Wednesday, dropping beyond the 90-per-dollar level for the first time amid foreign money outflows, high crude oil prices and uncertainty about the India–US trade pact, according to PTI. RBI Absence Pressures Rupee The absence of noticeable RBI involvement during much of the afternoon contributed to market pressure, … Read more
Apraava Energy said on Wednesday that it has obtained Rs 800.9 crore (USD 92 million) from Standard Chartered and British International Investment (BII), the UK’s development finance organization and impact investor. This transaction highlights the collaboration between two UK institutions, moving commercial and development finance resources into a vital area for India’s energy transformation path, … Read more
IndiGo shares finished almost 2 percent down on Wednesday as the airline dealt with extensive flight delays and cancellations prompted by IT and operational concerns. The parent company of IndiGo, InterGlobe Aviation, saw its stock close 1.73 percent down at Rs 5,599 on the NSE. The stock came under pressure amid problems at Hyderabad Airport, … Read more
India relinquished its title as the world’s fastest-growing major industrial economy in November, as factory activity dropped more abruptly than predicted. The HSBC Manufacturing Purchasing Managers’ Index had one of the region’s worst month-over-month falls, falling from 59.2 in October to 56.6, a nine-month low. The decline was sufficient for Thailand to surpass India at … Read more