The rise in the stock price came after the company announced that its board has approved raising of funds up to Rs 600 crore via QIP or other modes.
Posts in category Business Standard
Indices trade with modest gains; PSU banks advance (20-08-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 445.49 points or 0.55% to 80,870.17. The Nifty 50 index gained 134 points or 0.55% to 24,706.65.
This smallcap software products firm share rose 20% on Aug 20; here’s why (20-08-2024)
Shares of Nucleus Software Exports were locked in a 20 per cent upper circuit at Rs 1,411.55 per share on the BSE in Tuesday’s intraday deals
US stocks extend upside (20-08-2024)
US equities extended upward momentum on Monday amid easing concerns about the economic outlook while also increasing confidence the Federal Reserve will cut interest rates next month. The major averages surged going into the final hour of trading, with the Nasdaq and the S&P 500 closing just shy of their highs of the session. The Nasdaq shot up 245.05 points or 1.3 percent to 17,876.77, the S&P 500 jumped 54.00 points or 1.0 percent to 5,608.26 and the Dow climbed 236.77 points or 0.6 percent to 40,896.53. The Nasdaq and the S&P 500 closed higher for the eight consecutive session and have more than offset the steep drop seen early this month.
Hazoor Multi Projects share price up 5% on winning Rs 274 crore project bid (20-08-2024)
The share price of Hazoor Multi Projects rose after the company announced that it has emerged as the lowest bidder (L-1) for a project worth Rs 273.74 crore from MSIDC.
Sigachi Industries launches two innovative products under its coatings biz (20-08-2024)
Sigachi’s entry into the coatings market is strategically timed to capitalize on the industry’s growth potential. The company’s deep understanding of pharmaceutical formulations, coupled with its state-of-the-art manufacturing facilities, enables it to deliver superior quality products that meet the evolving needs of the market.
F&O Cues: Nifty needs to hold above 24,650; check bullish, bearish stocks (20-08-2024)
Derivatives market update: FIIs reduced longs in index futures marginally on Monday; their index long-short ratio stands at 1:1. Retail traders up long bets.
Tata Chemicals allots NCDs aggregating Rs 1700 cr (20-08-2024)
On private placement basis
Geopolitical tensions, recessionary fears and financial market volatility casts shadow on global economic prospects: RBI Bulletin (20-08-2024)
According to RBIs August bulletin, persistent geopolitical tensions, rekindled fears of a potential recession in key economies and financial market volatility in response to monetary policy divergence cast a shadow on global economic prospects even as inflation moderated grudgingly across countries. In India, aggregate demand conditions are gathering momentum with revival in rural consumption on the back of growing incomes. This stimulus to demand is expected to reinvigorate the hitherto subdued participation of the private sector in total investment. Headline inflation moderated from its spike in June to 3.5 per cent in July, but this was primarily due to the downward statistical pull of base effects.
Tata Consultancy Services launches its fourth TCS Pace Studio in Stockholm, Sweden (20-08-2024)
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) launched the latest TCS Pace Studio in Stockholm, Sweden to offer its customers in the Nordic region exclusive access to its innovation ecosystem. The state-of-the-art innovation hub and research centre will enable enterprises to explore the latest advancements in technology and deploy them at scale to accelerate their digital transformation journeys.