Sensex climbs 211 pts on positive economic data points

Mumbai : Driven by strong IIP numbers and an unchanged inflation, the Sensex today rallied over 211 points to 32,393, reflecting interrupted buying by domestic institutional investors. The rupee appreciating 19 paise to 64.89 against the dollar today gave a leg to the rally. The rest of Asia logged a mixed trend. The 30-share barometer pushed higher … Read more

UBS, Saigon Securities selected as advisors for Vinamilk’s 3.3 percent stake sale

Vietnam’s State Capital Investment Corporation (SCIC) has selected Saigon Securities Inc (SSI) and the Singaporean branch of Swiss financial services firm UBS AG to become the advisors for dairy firm Vietnam’s biggest dairy producer Vinamilk next stake sale. Based in Hanoi, brokerage house SSI is a repeated advisor, along with Morgan Stanley’s Singaporean branch and … Read more

Rupee jumps 11 paise against dollar to 65.25

Mumbai : The rupee appreciated by 11 paise to 65.25 against the dollar on Tuesday as rising risk appetite pushed back the US currency amid a higher opening in domestic equities. The risk-on approach pushed exporters and banks increasingly away from the dollar. The greenback ran out of luck overseas too, snapping its winning streak, as … Read more

Malaysia’s Frontier Digital Venture to invest in Philippines property portal Hoppler

ASX-listed Frontier Digital Ventures, an operator of online classified businesses in frontier and emerging markets has recently placed an investment in Philippines-based property marketplace Hoppler. The investment in Hoppler is said to follow Frontier Digital’s strategy of transitioning its revenue mix to be closer to transaction and partnership with local entrepreneurs. At present, the venture … Read more

Trader arrested in cloth merchant murder case

Udaipur : Police has arrested a person in connection with the murder of Rakesh Khatwani, a cloth merchant who was shot dead on Saturday in GoverdhanVilas area of the city. Mahesh Sindhi, the accused is a trader at the KrishiMandi here who had hired a contract killer from Uttar Pradesh to kill Rakesh, Udaipur SP Rajendra Prasad Goyal … Read more

Cloth merchant shot dead in Udaipur

[embedded content] Udaipur : Unknown assailants shot dead a 30-year-old cloth merchant at Goverdhanvilas area near Saras Dairy on Saturday. His body was spotted by a passerby who informed the police in the early morning, the murder took place past midnight, cops said. The victim was identified as Rakesh Khatwani, resident of J block of Goverdhan Vilas area and … Read more

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