Posts in category Business Standard
Voltamp Transformers standalone net profit rises 22.15% in the March 2024 quarter (02-05-2024)
Sales rise 14.62% to Rs 504.16 crore
Tara Chand Infralogistic Solutions standalone net profit rises 140.46% in the March 2024 quarter (02-05-2024)
Sales rise 19.70% to Rs 46.49 crore
Embassy Group sales bookings up 85% to Rs 2,250 cr on better housing demand (02-05-2024)
Realty firm Embassy Group on Thursday said its sales bookings rose 85 per cent in the last fiscal year to record Rs 2,250 crore on strong housing demand.
In a statement, the company said it achieved best-ever performance in the 202324 fiscal year for its residential business, with sales transaction value of Rs 2,250 crore -- an 85.5 per cent jump from the preceding year.
Embassy Group sold 21.18 lakh sq ft, achieving a year-on-year growth of 103 per cent in area sold.
This was primarily fuelled by interest from high net-worth individuals (HNIs) and non-resident Indians (NRIs) in ready-to-move-in luxury projects, the company said.
Embassy Group COO Aditya Virwani said, "WAs we anticipate a sustained upcycle in the country's housing market in the coming years, we are committed to maintaining this momentum."
With housing demand, increasingly consolidating towards Grade A developers, he said the company would replicate its success in the office segment to residential business.
"We ha
Indices end with minor gains; VIX climbs nearly 4.5% (02-05-2024)
The barometer index, the S&P BSE Sensex rose 128.33 points or 0.17% to 74,611.11. The Nifty 50 index added 43.35 points or 0.19% to 22,648.20.
Industrial & Prudential Investment Company consolidated net profit declines 10.22% in the March 2024 quarter (02-05-2024)
Sales decline 10.77% to Rs 0.58 crore
Coforge consolidated net profit rises 94.86% in the March 2024 quarter (02-05-2024)
Sales rise 8.69% to Rs 2358.50 crore
INR Stays Range Bound (02-05-2024)
The Indian rupee stayed range-bound and closed 3 paise lower at 83.46 (provisional) against the US dollar on Thursday amid a strong American currency and rising crude oil prices in global markets. Positive sentiment in the domestic equity markets and the inflow of foreign capital capped a sharp fall in the domestic currency. At the interbank foreign exchange, the domestic unit opened strong at 83.41 and touched the intra-day low of 83.49 against the greenback. The benchmark S&P BSE Sensex moved in a narrow range before ending the session up 128.33 points, or 0.17 percent, at 74,611.11. The broader NSE Nifty index rose 43.35 points, or 0.19 percent, to 22,648.20, with the upside capped due to caution ahead of Apple's upcoming earnings.
Reliance Industries starts trading US oil setting Brent benchmark (02-05-2024)
LONDON (Reuters) - India's Reliance has made its first foray into trading a type of U.S. crude oil that underpins the global Brent benchmark in a process run by oil-index publisher S&P Global Commodity Insights, the publisher said.
Euro Stays Supported Above $1.07 Mark (02-05-2024)
Euro is staying supported above $1.07 mark on Thursday. The Federal Reserve staying less hawkish on interest rates caps downside for the EURUSD pair. Fed left interest rates steady and ruled out the possibility of another rate hike. However, the committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent. Currently, the pair is quoting at $1.0721, down 0.28% on the day as dollar index is slightly up at 105.63 although DXY is off a near six month high attained during intraday moves in the previous session. On the domestic docket, Eurozone Manufacturing PMI, a monthly measure of the overall health of eurozone factories and compiled by S&P Global, posted in sub-50.0 contraction territory for a twenty-second consecutive month in April. At 45.7, down from 46.1 in March, the headline figure signalled a slightly faster rate of deterioration in euro area manufacturing business ...
Omax Autos standalone net profit rises 139.05% in the March 2024 quarter (02-05-2024)
Sales rise 12.71% to Rs 103.99 crore