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The Indian rupee hit a record low of 85.07 per dollar on Thursday, pressured by the US Fed's hawkish stance and rising US bond yields. The rupee has depreciated for four consecutive days despite RBI intervention. Foreign portfolio investors sold Rs 4,224.9 crore on Thursday.
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Norges Bank, on behalf of the Government Pension Fund Global, acquired 16.59 lakh and 17.50 lakh shares of Inventurus Knowledge Solutions at Rs 1,923.92 and Rs 1,899.67 per share, respectively. IKS stock debuted at Rs 1,900, a 43% premium to its issue price of Rs 1,329, and closed at Rs 2,030 on Thursday, up 6.84% or Rs 130 over the listing price.
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Concord Enviro, a water and wastewater management solutions provider, is launching an IPO to raise Rs 500 crore. The company has a strong international presence and a growing order book. However, its financial performance has been inconsistent. Investors should carefully assess the company's future prospects before making an investment decision.
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News and Media
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