Posts in category Business Standard
Quest Softech India reports standalone net loss of Rs 0.18 crore in the March 2024 quarter (29-04-2024)
Sales rise 2800.00% to Rs 0.87 crore
Galactico Corporate Services standalone net profit declines 52.83% in the March 2024 quarter (29-04-2024)
Sales decline 33.33% to Rs 0.80 crore
Gold falls Rs 10, silver down Rs 100; yellow metal trading at Rs 72,920 (29-04-2024)
The price of 22-carat gold also declined by Rs 10, with the yellow metal selling at Rs 66,840
Stock Market Live: Asian indices start week on positive note; Nikkei shut for trading (29-04-2024)
Stock market Update on Monday, April 29: ICICI Bank stock, global cues to guide trading sentiment on Dalal Street today.
Gift Nifty hints gap-up open, check key levels; Q4 nos, FII flows in focus (29-04-2024)
Stock market preview Monday, April 29: Gains in global peers and healthy Q4 earnings so far likely to help Sensex, Nifty start the holiday-shortened week on a positive note. UltraTech Cement Q4 today.
Boult planning to get listed by next year, says co-founder Varun Gupta (28-04-2024)
Indian consumer tech brand Boult plans to go public next year, with a revenue benchmark of Rs 1,000 crore in FY25, as it expands into international markets and new categories, according to its co-founder Varun Gupta.
In an exclusive interview with PTI, Gupta spoke in detail about his vision to make the Indian company global, listing out the homegrown brand, and his ambitious targets for this fiscal year.
"We are not focusing on IPO this year, our primary focus is to foray into offline markets, international geographies, and new categories, but possibly in the next year," he said.
The young entrepreneur said the company has set an internal touchstone for itself before it goes public.
"... We have an internal benchmark, when we hit a Rs 1,000 crore revenue, that's when we want to go for an IPO. Technically, we're eligible to go for an IPO today because we're profitable and comfortably over Rs 500 crore. But we have an internal milestone of Rs 1,000 crore, and that is when we will ...
Capital cover drive: India’s $100 billion knock evens score with China (28-04-2024)
Its capitalisation leapfrog surpasses South Korea and Taiwan, establishing dominance in EM pitch
Monetary policy expectations impact stocks more than rate moves: RBI paper (28-04-2024)
Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis.
According to a working paper prepared by RBI officials, the regulatory and development measures which are announced along with the monetary policy too impact the stock markets.
"...equity markets are affected more by the changes in the market's expectations of future monetary policy (path factor) than the policy rate surprise (target factor) which is in agreement with the conventional thinking that equity markets are forward-looking," the paper said.
The volatility in equity markets on the day of policy announcement, it said, "is affected by both target and path factors, as markets digest the policy announcements and traders adjust their portfolios throughout the day".
RBI Working Paper on 'Equity Markets and Monetary Policy Surprises' is prepared by Mayank Gupta, Amit Pawar, Satyam Kumar, ...
FIU notifies fresh terror financing reporting alerts for capital markets (28-04-2024)
A fresh set of 'alert indicators' have been issued by India's financial intelligence unit (FIU) for capital markets, insurance companies, online payment gateway intermediaries and crypto currency service providers for effective checking of suspicious transactions in their channels as part of the anti-money laundering and counter-terrorism financing regime.
These new guidelines have been issued under the provisions of the Prevention of Money Laundering Act (PMLA) during the 2022-23 financial year and published in a recently released report that has been accessed by PTI.
This is part of the anti-money laundering (AML) and combating the financing of terrorism (CFT) regime followed by the country as part of which financial institutions and intermediaries are mandated to share suspicious transaction reports (STRs) with the FIU which subsequently analyses them and shares them for action with various investigative and intelligence agencies.
FIU proactively engages with the financial sector
Corporate earnings, Fed interest rate decision to drive markets: Analysts (28-04-2024)
Quarterly earnings from corporates, the US Fed interest rate decision and other global trends will be the major driving factors for determining movement in the domestic equity market in a holiday-shortened week ahead, analysts said.
Besides, factors like trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also influence trading.
Domestic equity markets would remain closed on Wednesday on account of Maharashtra Day.
"Domestically, the next batch of Q4 earnings reports will drive stock-specific movements," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Monthly auto sales figures will be announced at the beginning of May, and the next phase of voting will be significant, he said.
"On the global front, the outcome of the US Federal Open Market Committee (FOMC) meeting on May 1st will be important. Economic data releases from China and the US, along with movement in the global currency market, will also be the factors to