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Rupee spurts 34 paise to fresh 3-week high of 64.58 against dollar

span.p-content div[id^=div-gpt] { line-height: 0px; font-size: 0px;} The rupee on Thursday staged a robust rebound and ended at a fresh three-week high of 64.58 a dollar, surging by a whopping 34 paise after minutes signalled shallow rate hike path. A massive slide in US dollar overseas mainly forced banks and exporters to unwound their long dollar bets along with dovish […]

Quess Corp‘s Rs 680-crore OFS oversubscribed

Quess Corp‘s Rs 680-crore OFS oversubscribed

span.p-content div[id^=div-gpt] { line-height: 0px; font-size: 0px;} The Rs 680-crore offer for sale (OFS) by saw five times more demand the shares on offer. Promoters and offloaded about six per cent stake in the company through the OFS to comply with the 25 per cent minimum public shareholding norms. The base price for the 8.5-million share sale was fixed at […]

Pope faces diplomatic dilemma in Myanmar visit

The poster welcoming Pope Francis‘s apostolic visit is displayed in front of Saint Mary‘s Cathedral, where the Pope is scheduled to meet with Bishops of Myanmar in Yangon. (EPA-EFE photo) VATICAN CITY: Pope Francis visits Myanmar next week, a delicate trip for the world‘s most senior Christian to a majority Buddhist country accused by Washington of the “ethnic cleansing” of […]

QR-code food centre launched in Khon Kaen

QR-code food centre launched in Khon Kaen

A happy customer makes a payment at Talat Tong Paed, Muang district, Khon Kaen province, on Thursday. (Photos by Jakkarapan Natanri) KHON KAEN: The first food court where all vendors accept QR-code payment has opened in Muang district of this northeastern province, with all 50 sellers joining Krungthai Bank’s initiative. (continued below video) (Bangkok Post video) The transformation of the […]

Tobacco Monopoly seeks excise tax revision

The new excise tax structure has dealt a big blow to the state-owned cigarette producer, whose sales are estimated to plummet by 41% compared to last fiscal year. Deputy Finance Minister Wisudhi Srisuphan said on Thursday the ministry was considering Tobacco Monopoly’s request for a review of the new structure. The monopoly‘s employees are also seeking signatures to file a […]