The dollar began the week on a weak note after a couple of Fed officials said its time to adjust borrowing costs.
Posts in category Business Standard
Sebi categories dues worth Rs 76,293 crore as ‘difficult to recover’ (19-08-2024)
Capital markets regulator Sebi has segregated dues to the tune of Rs 76,293 crore under “difficult to recover” category at the end of March 2024, marking an increase of 4 per cent from the preceding year.
Of this, a huge chunk is on account of cases pending before court-appointed committees.
Difficult to recover (DTR) dues are those that could not be recovered even after exhausting all modes of recovery.
“Segregation of such DTR dues is purely an administrative act and this will not preclude the recovery officers from recovering the amount so segregated as DTR as and when there is a change in any of the DTR parameters,” Sebi said in its annual report for 2023-24.
As of March 31, 2024, Sebi identified 807 cases as DTR, with a total outstanding of Rs 76,293 crore, up from 692 cases amounting to Rs 73,287 crore the previous year, according to the report.
Among these 807 cases, 36 are pending due to ongoing proceedings in State PID courts, National Company Law Tribunal (NCLT), Nationa
Euro currency speculators reduce net long positions (19-08-2024)
Large currency speculators in the Euro futures market reduced net long position, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 26983 contracts in the data reported through August 13, 2024. This was a weekly drop of 6597 net long contracts.
Nifty August futures trade at premium (19-08-2024)
RIL, HDFC Bank and SBI were top traded contracts.
Quick Wrap: Nifty Metal Index rises 1.87% (19-08-2024)
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Benchmarks end flat; broader mkt rallies; metal stocks shine (19-08-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, declined 12.16 points or 0.02% to 80,424.68. The Nifty 50 index added 31.50 points or 0.13% to 24,572.65.
Sterling Tools zooms 20%, hits new high; rallies 34% in a week on strong Q1 (19-08-2024)
Sterling Tools is the second largest automotive fastener manufacturer in India. Its subsidiary, Sterling Gtake E-Mobility, is the largest Motor Control Unit manufacturer for the EV industry in India.
Mediaone Global Ent hits the roof after Q1 PAT soars YoY to Rs 4 cr (19-08-2024)
Mediaone Global Entertainment hit upper circuit of 20% to Rs 47.40 after the company’s standalone net profit surged to Rs 3.77 crore in Q1 FY25 as comapred with Rs 1.66 crore in Q1 FY24.
DCM Shriram commissions Hydrogen Peroxide plant at Jhagadia chemical complex (19-08-2024)
The company said, “H2O2 will add to our chemicals business product porfolio and is a downstream to Hydrogen produced at the Chemicals complex. It may be noted that Hydrogen Peroxide has wide ranging applications from bleaching agent to water and waste water treatment, chemical synthesis, food processing, mining and metallurgy and environmental applications.”
Finance Minister Nirmala Sitharaman chairs review meeting of public sector banks (19-08-2024)
During the meeting, Sitharaman and the other participants will be focusing on key indicators of the banks’ financial health, including deposit growth, the credit-to-deposit ratio, and asset quality. These metrics provide crucial insights into the overall performance and stability of the banking sector.