Mumbai (Maharashtra) [India], August 10 (ANI/PRNewswire): YES BANK and IBSFINtech, the leading TreasuryTech Solution provider, have teamed up to explore untapped opportunities emerging out of the digitization of corporate finance. This unique partnership will empower the corporate treasury ecosystem with a robust decision-making tool and automated workflows backed by seamless bank connectivity.
Mumbai (Maharashtra) [India], April 15 (ANI/PNN): Insurance Institute of India, a professional Institute devoted solely to insurance underwriting education released two survey outcomes, one on "risk" and another on "Telemedicine". The survey was conducted on 230 respondents from 29 organisations.
Mumbai Jan 24 PTI The rupee on Monday slumped by 17 paise to close at a more than three-week low of 7460 against the US dollar due to high crude oil prices forex outflows and heavy losses in domestic equities amid growing geopolitical worries Forex traders said the strength of the American currency in the overseas market and weak appetite for riskier assets also dragged down the local unit Moreover market participants are now eyeing the US Feds January 25-26 meeting for further cues The Indian rupee has weakened amid the big crack witnessed in domestic equities in tandem with other Asian markets The sentiments are quite fragile in the markets amid the geopolitical tensions in Eastern Europe and as investors are fretting over the possibility of a quicker pace of interest rate hikes in the US Sugandha Sachdeva Vice President - Commodity and Currency Research Religare Broking Ltd Riskier assets have come under pressure amid the prospects of a Russian invasion of Ukraine The US and the UK have advised the families of their diplomats in Ukraine to leave the country At the interbank foreign exchange market the local currency opened at 7443 against the greenback and witnessed an intra-day high of 7442 and a low of 7469 during the session The rupee finally settled down by 17 paise or 023 per cent at 7460 the lowest closing level since December 27 2021 The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 012 per cent up at 9575 Brent crude futures the global oil benchmark rose 033 per cent to USD 8818 per barrel With inflationary pressures building up the overwhelming consensus suggests that the era of near-zero interest rates is likely to come to an end very soon Sachdeva said adding that the rupee is still finding some comfort from the fact that the countrys forex reserves have surged by USD 2229 billion to USD 634965 billion for the week ended January 14 As for the near-term direction the domestic currency will take further cues from the Feds upcoming policy meeting and the inflation outlook Any breach of the 7480 mark will further drag the Indian rupee downwards towards the 7520 mark in the coming days Risk sentiments soured further on today with equity markets remaining under sellers in control as domestic benchmark index plunged through key support levels while safe-haven currencies bided well on the back of geopolitical worries said Dilip Parmar Research Analyst HDFC Securities Ahead of the US Fed meeting any uncertainty over geopolitical will be converted into a dollar rally Indian rupee started the week on a weaker note following foreign fund outflows and weaker domestic equities Parmar noted Spot USDINR is expected to trade with negative bias on the back of geopolitical worries and with hawkish Federal Reserve From level perspective derivative data indicating USDINR likely to trade between 7450 to 75 in coming days Parmar said According to Jateen Trivedi Senior Research Analyst at LKP Securities the Indian Rupee felt the heat amid weak global equity markets especially panic selling in Indian secondary markets Higher crude prices also pushed rupee lower Going ahead rupee can be seen in a range of 7445-7490 Trivedi said On the domestic equity market front the BSE Sensex ended 154567 points or 262 per cent lower at 5749151 while the broader NSE Nifty declined 46805 points or 266 per cent to 1714910 Foreign institutional investors remained net sellers in the capital market on Friday as they offloaded shares worth Rs 314858 crore according to stock exchange data PTI DRR MR MR
Mumbai Jan 20 PTI The Indian rupee weakened by 7 paise to close at 7451 against the US dollar on Thursday as sustained foreign fund outflows and rising crude oil prices hurt forex market sentiment Further massive sell-offs in domestic equities for a third session in a row on Thursday too made investors more cautious analysts said At the interbank foreign exchange market the local currency opened at 7443 against the greenback and witnessed an intra-day high of 7429 and a low of 7453 during the session The rupee finally settled at 7451 down 7 paise over its previous close of 7444 The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 002 per cent up at 9553 Meanwhile Brent crude futures the global oil benchmark rose 044 per cent to USD 8811 per barrel The Indian rupee was unable to hold morning gains following FPI outflows higher crude oil prices and weaker domestic equities Risk sentiments failed to stabilise despite treasury yields retreating from multi month high Dilip Parmar Research Analyst HDFC Securities Parmar further noted that we remain bullish on USDINR and level above 7470 will lead to 75 in coming days the said view remains intact until it holds 7425 According to Jateen Trivedi Senior Research Analyst at LKP Securities the rupee traded in range-bound sessions as the US dollar and Crude oil prices were in range Markets await the next important event of US Feds first policy of 2022 due on January 25-26 where after the dollar is likely to pick a positive trend on the basis of anticipated hawkish tone Trivedi said adding that rupee can be seen in range of 7425-7475 On the domestic equity market front the BSE Sensex ended 63420 points or 106 per cent lower at 5946462 while the broader NSE Nifty declined 18140 points or 101 per cent to 1775700 Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 270477 crore as per stock exchange data PTI DRR MKJ
Mumbai Dec 21 PTI Rising for a fourth straight session the rupee surged by 31 paise to close at a nearly two-week high of 7559 against the US dollar on Tuesday as positive domestic equities and a weak American currency in the overseas markets boosted investor sentiment Risk sentiment recovered in global markets helping riskier assets and emerging currencies post gains against the dollar analysts said At the interbank forex market the domestic unit opened strong at 7574 against the greenback and witnessed an intra-day high of 7541 and a low of 7574 during the days trade It finally ended at 7559 a dollar the highest closing level since December 8 In the previous session the rupee had settled at 7590 against the US dollar Aided by low crude prices the local unit has appreciated by almost 1 per cent or 73 paise in the four sessions to Tuesday Indian rupee continued its upward momentum for a fourth day in a row as dollar index retracted while risk sentiment recovers The RBI was absent over the past few weeks but yesterdays announcement of the auction of VRRR worth Rs 2 lakh crore on Wednesday indicated policy normalisation Rupee has seen pullback from its 20 months lows but difficult to say that pain is over as foreigners are continuously selling and Fed is heading for rate hike as early as the first quarter of 2022 Dilip Parmar- Research Analyst HDFC Securities said On the domestic equity market front the BSE Sensex surged 49700 points or 089 per cent to end at 5631901 while the broader NSE Nifty jumped 15665 points or 094 per cent to 1677085 Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies declined 020 per cent to 9635 Brent crude futures the global oil benchmark surged 087 per cent to USD 7214 per barrel Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 356536 crore according to exchange data Rupee traded positive above 7570 amid weakness in dollar and positive trend in capital markets Crude kept the gains limited as 7550 acts as resistance Going ahead rupee can be seen in range of 7540-7600 Jateen Trivedi Senior Research Analyst at LKP Securities said PTI BAL MR MR
Pune (Maharashtra) [India], October 6 (ANI/NewsVoir): Easebuzz, a company that started in the year 2014, was focused on a vision to solve problems around collection mechanisms for small and growing businesses.
New Delhi (India), October 5 (ANI/PNN): The much-awaited discussion on Data Sovereignty: The Pursuit of Supremacy was organised at Constitution Club, New Delhi.
Hyderabad Sep19 PTI The Strategic Advisory Group of Experts on Immunization SAGE of the World health Organisation would be meeting in October to make its recommendations on Bharat Biotechs COVID-19 vaccine Covaxin on Emergency Use Listing Bharat Biotech is expected to give a presentation on the Vaccines safety and efficacy data of clinical trials phase 1-3 trial results and post marketingand Risk management plans and other implementation considerations according to the SAGE draft agenda SAGE is authorised with advising WHO on overall global policies and strategies ranging from vaccines and technology research and development to delivery of immunization and its linkages with other health interventions Hanna Nohynek member of SAGE will be presenting a draft recommendation for the vaccine and the session will make its recommendations The session will thoroughly discuss the clinical data on Covaxin from phase 1 2 3 trials and post marketing studies on safety immunogenicity efficacy and effectiveness besides update on global regional and country level plans for vaccine safety monitoring the agenda said Bharat Biotech recently said it has submitted all the data pertaining to Covaxin to the WHO for EUL and is awaiting feedback from the global health watchdog The WHO is currently reviewing the data submitted by the vaccine maker and the date for a decision on the jab is yet to be confirmed according to the update available on the WHO website In an update on its website the WHO said it began rolling data of the vaccine on July 6Rolling data allows the WHO to start its review right away as information continues to come in to accelerate the overall review process Covaxin is one of the six vaccines that have received emergency use authorisation from Indias drug regulator and is being used in the nationwide inoculation programme along with Covishield and Sputnik V PTI GDK APR APR