Business न्यूज़

Oyo's parent company, Prism, has received approval from Sebi to proceed with its Rs 6,650 crore IPO. The company is expected to be valued between USD 7-8 billion. Prism plans to file its public Updated Draft Red Herring Prospectus by early July, while assessing market conditions for its listing.

The Indian rupee and dollar-rupee forward premiums declined as importer hedging, foreign portfolio outflows, and likely central bank interventions across FX market segments exerted opposing forces. Despite Reserve Bank of India's dollar-selling interventions and buy/sell swaps, pressure on the rupee

TCS shares jumped as much as 7% on Tuesday, extending their two-day gain to nearly 9% as investors snapped up the stock after months of underperformance. The rally was driven by optimism around AI-related opportunities and attractive valuations following a sharp sector-wide selloff. Analysts at Nuva

Vodafone Idea shares have seen significant gains. Citi has upgraded its rating to 'Buy' and set a new target price. This positive outlook is driven by government relief on AGR dues and improved investor confidence. The company is also planning substantial network investments to boost its 4G and 5G s

Infosys shares have rallied sharply, rising nearly 10% in three days as investors reassess valuations following a steep AI-driven correction in IT stocks. Analysts see improving technical indicators and recovering sentiment, though they caution that a sustained uptrend will depend on stronger AI-led