Mumbai, Mar 16 (PTI): The rupee stayed weak and lost 13 paise to 92.43 against the US dollar in early trade on Monday, weighed down by massive withdrawal of foreign funds and surging crude oil prices amid geopolitical uncertainties. Volatile sentiment in domestic equity markets further dragged the currency down even as the greenback retreated from higher levels, according to forex traders. At the interbank foreign exchange, the local unit opened at 92.44 and stayed close to its lowest-ever intra-day level, trading at 92.43 against the greenback, registering a loss of 13 paise from its previous close. In the preceding

BENGALURU, Mar 16 (Reuters) – Shares of IDBI Bank (IDBI.NS), slumped as much as 16.5% on Monday after reports that the Indian government ​would shelve bids for a majority stake in the lender, as the ‌offers were below the minimum price expectation. The shares were trading 15.2% lower at 78.20 rupees as of 12:57 a.m. IST, set for their biggest single-day drop since June 2024. The government has been ​trying to sell a stake in IDBI Bank for the last four years ​as part of a broader push to privatise state-run firms. The planned ⁠sale included a 30.48% stake held

March 16 (Reuters) – India’s benchmark indexes rose in early trade on Monday, rebounding after their worst week ​in years, though investors remained wary of crude oil staying above $100 ‌a barrel amid the prolonged Middle East conflict. The Nifty 50 (.NSEI), rose 0.2% to 23,189, while the BSE Sensex (.BSESN), opens new tab added 0.18% to 74,697.6, as of 10:08 a.m. IST. Nine ​of the 16 major sectors traded higher. The mid-cap (.NIFMDCP100), opens new tab and small-cap (.NIFSMCP100), opens new tab ​fell 0.2% and 0.7%, respectively. The benchmark indexes have shed nearly ⁠8% this month due to the