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stocks and bonds. The rupee hit a low of 85.085 per dollar, before closing at 85.07 per dollar, as against its previous close of 84.952/$1, LSEG data showed The rupee has depreciated to record lows for the fourth consecutive day, even as the Reserve Bank of India intervened in the onshore and offshore markets to prevent excess volatility, traders said. The rupee hit 85.15/$1 in the offshore non-deliverable forwards market, and will act as an immediate support, traders said.

Subscribe to enjoy similar stories. MUMBAI : Mumbai-based Ajmera Realty and Infra India Ltd aims to expand its market capitalization (m-cap) by 10x to $5 billion through acquisitions and joint ventures (JVs), said Dhaval Ajmera, director at Ajmera Group. Ajmera added that to achieve the goal, the company is targeting at least 25-30% growth each year in terms of volumes, sales, and profitability.

Besides a so-called «step change» in tackling illegal working with new technology for frontline border officers, the Home Office will also introduce an Immigration White Paper next year to set out further details of its plan to reduce legal migration. ALSO READ: Indians have highest concentration of professionals in UK: Report

Billionaire author and philanthropist MacKenzie Scott acknowledged $2 billion in 2024 donations in a blog post on Wednesday, bringing the total she’s given away since 2019 to $19.2 billion

initial public offerings (IPOs) is buzzing with activity once again as a flurry of public issuances and improvement in investor sentiment have revived speculators' interest in soon-to-be-listed shares. Grey market premiums (GMPs) — the additional price investors are willing to pay over the IPO price in the grey market before the stock lists on the exchanges — of five IPOs are trading at 8-44% above the issue prices, according to sources. A higher premium indicates the market sentiment for the IPO in question. GMPs of IPOs with robust demand tend to be high, which implies a potential upside in the stock on listing.

The Federal Reserve on Wednesday projected only two quarter-point rate cuts in 2025, fewer than previously forecast, according to the central bank's medium projection for interest rates.

On the face of it, the list of promotions to managing director (MD) which Bank of America has just announced looks like it might have raised a few eyebrows.  The overall MD class of ’24 has 387 members, up 16% on last year.  Within that, Jim DeMare’s global markets operation accounts for 65 new promotions, same as 2023.  But what’s happened to the bankers?

Ex-Credit Suisse people have turned up in a lot of places since their house burned down, but Santander has rescued more than most. By our reckoning, the Spanish bank added over Credit Suisse bankers last year. Most, but not are all, were ex-Credit Suisse managing directors in the US. Many were CS veterans, who spent tens of years at the firm. They included David Miller, the former head of Credit Suisse's investment bank, who joined in the US last November.

The Federal Trade Commission says it will soon require hotels, vacation rental platforms and live event promoters to disclose any fees up front when they list prices

Canada has imposed economic sanctions on five Venezuelan officials, including the head of the country’s high court, accusing them of engaging in electoral fraud during the disputed July presidential election

shooting at a Wisconsin Christian school that killed a teacher and student and wounded several others before she took her own life, police have confirmed.The shooter was identified as Abundant Life Christian School student Natalie Rupnow at a press conference Monday night. Police say the attacker also used the first name Samantha.Madison police Chief Shon Barnes told reporters Rupnow was found with a self-inflicted gunshot wound when officers arrived at the school, and died en route to hospital.Six others were wounded after she opened fire in a mixed-grades study hall, including two students who remain in critical condition.

Subscribe to enjoy similar stories. It’s not uncommon to find home buyers who want to sell their property before paying back the loan on it. Take the case of Aarav, who was looking to shift to a different city.

Telangana Tourism Policy 2025-2030" in the Assembly. The first-ever dedicated tourism policy, after the formation of Telangana, also aims to create additional employment opportunities for three lakh people in the next five years besides enhancing tourism contribution to 10 per cent or higher of the GSDP ( gross state domestic product). The tourism infrastructure sector is predominantly driven by the private sector and there is a pressing need for the government to provide greater confidence through proactive policy and administrative framework that improves investor confidence, it said. Through the policy, the state government will be promoting «safe tourism» by creating dedicated tourist police units/tourist patrols across key tourist destinations, implementing women-friendly measures to ensure the safety of female tourists, and leverage Tourism Friendly Index (TFI) to evaluate the safety standards of destinations.

Smriti Mandhana has surged three places to second in the latest ICC Women's ODI rankings while climbing one spot to third among T20I batters, following her stellar displays against Australia and the West Indies. The left-hander struck 105 in the final match of the series against Australia in Perth and 54 in the first game of the ongoing T20I rubber against the West Indies in Mumbai to headline the latest rankings update released here on Tuesday. Mandhana is the lone Indian batter in the top 10 as her skipper Harmanpreet Kaur moved down two spots to 13th while Jemimah Rodrigues climbed six places to 15th and Harleen Deol moved up nine rungs to 64th Among bowlers, Deepti Sharma has slipped two spots to five.

According to BSE, Nippon MF, Kotak MF, Axis MF, SBI Pension Fund, and HDFC Life participated in this round. The five years coupon bearing debt carries an interest rate of 7.73%.

President Joe Biden has signed a proclamation establishing a national monument honoring the late FDR-era Labor Secretary Frances Perkins

«I don't think that should have been allowed, not when there's a possibility — certainly not just weeks before I take over,» Trump said during at a wide-ranging news conference at his Mar-a-Lago resort. «Why would they do that without asking me what I thought? I wouldn't have had him do that. I think it was a big mistake.» Trump's withering criticism of the Biden administration's move comes as the Democratic administration aims to push every last dollar already designated for Ukraine out the door to help repel Russia's invasion before Trump takes office on Jan. 20, with future aid uncertain.

Canada Post workers are set to return to their routes on Dec. 17, following a decisive ruling by the Canada Industrial Relations Board (CIRB). But as the clock ticks toward the holidays, Canadians are left wondering: what happens to the mountains of undelivered mail, t he fate of delayed Christmas packages, and the unresolved contract negotiations between the Crown corporation and the Canadian Union of Postal Workers (CUPW)? Here are answers to some of Canadians’ most pressing questions: 

NDP Leader Jagmeet Singh on Monday called on Prime Minister Justin Trudeau “to resign,” adding that “all options” were on the table when asked if he would support a non-confidence motion.

A month-long Canada Post strike is set to end on Tuesday, after the federal labour relations board has ordered postal workers to return to work, the Crown corporation said.

Subscribe to enjoy similar stories. Drones have revolutionized modern warfare in the sky. Now defense companies and navies are betting they can do the same underwater.