Posts in category Business Standard
INR Quotes Just Under 83.50 Per US Dollar Mark (02-05-2024)
Indian Rupee is holding near record lows though a deep slide in crude oil prices recently is capping the weakness for INR. The local currency trades at 83.46, down 2 paise on the day amid an overall choppy range. WTI Crude oil tanked more than 3% yesterday to test six week low. The Indian manufacturing sector started the first fiscal quarter in a high gear, according to the latest HSBC PMI data. With sales expected to remain positive, buying levels were raised and input stocks lifted to one of the greatest extents seen in over 19 years of data collection. Despite falling from 59.1 in March to 58.8 in April, the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) signaled the second-best improvement in the health of the sector for three-and-a-half years. The PMI was comfortably above both the neutral mark of 50.0 and its long-run average (53.9).
BSE Realty index down 1.5% in a firm market; Godrej Properties weighs (02-05-2024)
Real-estate stock update: Realty stocks were witnessing some profit-taking on Thursday, as the BSE Realty index has rallied over 23 per cent so far in 2024.
Vedant Fashions stock falls 3% post Q4 as analysts cautious on FY25 outlook (02-05-2024)
Vedant Fashions' profit came in at Rs 115.8 crore in Q4FY24, from Rs 108.9 crore in Q4FY23. The company's revenue soared 6.3 per cent to Rs 363.2 crore, from Rs 341.6 crore a year ago
Maruti Suzuki production climbs 17% YoY in March’24 (02-05-2024)
The car manufacturer announced that its total production increased 16.99% to 169,751 units in April 2024 as against 145,096 units recorded in April 2023.
Gallantt Ispat consolidated net profit rises 40.44% in the March 2024 quarter (02-05-2024)
Sales rise 7.58% to Rs 1177.39 crore
Tata Communications adopts sustainability-linked loan framework (02-05-2024)
Tata Communications announced the adoption of a sustainability-linked loan (SLL) framework to align all future long-term debt financing with its environmental commitments. The initiative, a first of its kind in the sector in India, underscores the company's unwavering dedication to responsible business practices and sustainability leadership.
Adani Power records 47% YoY growth in Q4 PAT; net debt at Rs 26,545 crore (02-05-2024)
Adani Power has reported 47.8% fall in net profit to Rs 2,737 crore in Q4 FY24 from Rs 5,242 crore in Q4 FY23.
Benchmarks trade with small gains; Metal shares shine (02-05-2024)
At 11:25 IST, the barometer index, the S&P BSE Sensex, advanced 109.37 points or 0.15% to 74,596.34. The Nifty 50 index added 35.85 points or 0.16% to 22,640.70
Netweb Tech locks in 5% upper circuit after profit shoots up 181% in Q4 (02-05-2024)
This came after the company delivered a strong show in its January-March quarter results of financial year 2023-24 (Q4FY24) on Wednesday
ICICI Bank stock trades lower even as bank denies Sandeep Bakhshi’s exit (02-05-2024)
ICICI Bank stock price: ICICI Bank "categorically denied" reports regarding MD Sandeep Bakhshi allegedly expressing willingness to leave his position