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Borana Weaves IPO: The initial public offering (IPO) of Borana Weaves Limited entered its third and final day of bidding on Thursday, May 22, after witnessing robust investor interest during the first two days. As of 11:24 am on Day 3, the issue was oversubscribed 50.34 times, with total bids received for 18,57,13,293 shares against the…
Indian equities mirroring weak global cues traded with sharp cuts in Thursday’s trade (May 22, 2025). After opening weak, markets extended losses and Nifty fell to day’s low of 24,542 levels. So, what’s dragging Indian equities and will US markets weakness augur well for India. Here’s Zee Business Managing Editor Anil Singhvi’s take. US stock…
Rupee moved in a narrow band during Thursday morning trade as support from a weaker US dollar index was offset by higher crude oil prices and sustained dollar demand from importers and foreign banks. Forex traders noted that although the dollar index (DXY) has slipped to the 99-mark signalling broad-based weakness and a potential tailwind…
Global growth continues to face several challenges due to ongoing trade tensions, policy uncertainty, and weak consumer sentiment, says a recent report by the Reserve Bank of India (RBI).Despite these global headwinds, the report mentioned that the Indian economy has remained resilient and continues to show signs of steady progress. It said “Amidst these challenges,…
Due to a recurrence of infections in parts of Asia, including Singapore and Hong Kong, health authorities in India are keeping a close eye on an increase in Covid-19 cases in several states. According to official data, as of May 19, 2025, there are 257 active cases in India. The maximum number of cases is…
The second all-party delegation led by Shiv Sena MP Shrikant Shinde arrived in the United Arab Emirates (UAE) early on Thursday morning (Indian time) as part of India’s massive global outreach campaign on Operation Sindoor. This campaign is aimed at exposing Pakistan’s role in fostering cross-border terrorism. The delegation includes BJP MPs Bansuri Swaraj, Atul…
Indian equities on the expiry day (May 22, 2025) traded on a weak note, tracking Asian market weakness following a sharp pullback in US equities in the overnight trade. At the time of writing the copy, at around 10 am, Nifty50 index was down 0.76 per cent or 189.6 points at 24,623.85, while the BSE Sensex…
Shares of state-run Oil and Natural Gas Corporation (ONGC) fell 1.3 per cent to an intraday low of Rs 245.50 on the BSE on Thursday, May 22, after the energy giant posted a sharp 35 per cent year-on-year (YoY) drop in consolidated net profit at Rs 6,448 crore for the quarter ended March 31, 2025….
US President Donald Trump used a high-profile White House meeting to launch a direct attack on South African President Cyril Ramaphosa, accusing the country of ignoring what he described as a “genocide” of white farmers—an assertion widely debunked by experts, AP reported. In a dramatic moment, Trump dimmed the lights in the Oval Office to…
TD Power Block deal news: As per Zee Business inputs, 8.1 per cent or 1.27 equity shares changed hands in the counter in multiple trades. Amid the block deal news, shares of the heavy electrical equipment entity traded weak by 5 per cent at Rs 468.7 apiece on the BSE. At the day’s low, the…
