Posts in category Business Standard
Extreme weather events with prolonged geo-political tensions may pose a risk to inflation: RBI Bulletin (24-04-2024)
Global growth momentum has been sustained in the first quarter of 2024 and the outlook for global trade is turning positive. Treasury yields and mortgage rates are ticking up in major economies as expectations of interest rate cuts are being pared. In India, conditions are shaping up for an extension of a trend upshift in real GDP growth, backed by strong investment demand and upbeat business and consumer sentiments. CPI inflation has gravitated to 4.9 per cent in March after averaging 5.1 per cent in the preceding two months. In the near term, however, extreme weather events may pose a risk to inflation along with prolonged geo-political tensions that could keep crude oil prices volatile.
Tata Consumer slips as PAT slides 19% YoY in Q4 FY24 (24-04-2024)
Tata Consumer Products declined 4.75% to Rs 1,117.50 after the firm's consolidated net profit fell 19.35% to Rs 216.63 crore in Q4 FY24 as compared with Rs 268.59 crore recorded in Q4 FY23.
Puravankara locked at 5% upper circuit on securing redevelopment project (24-04-2024)
The surge came after Puravankara announced that it has been selected as the preferred developer for redeveloping a residential housing society in Mumbai's Pali Hill
US Dollar Index Pulls Back To Mid 105 Mark Amid Disappointing PMI Data (24-04-2024)
The dollar index steadies around flat line on Wednesday after the DXY futures pulled back considerably in the previous session. Disappointing US PMI data weighed on the greenback. US business growth slowed and signaled only a slight expansion in April as both manufacturing and services activities eased. However, hawkish tone from Fed and US benchmark treasury yields clinging to 4.06% officials is keeping the dollar supported. Currently, the dollar index futures are quoting at 105.54, marginally higher on the day. Investors now look ahead to US GDP data on Thursday and the Fed-preferred PCE price index report on Friday to better guide the monetary policy outlook.
Tata Elxsi declines as Q4 PAT slides to Rs 197 cr; board recommends dividend of Rs 70/sh (24-04-2024)
Tata Elxsi slipped 3.72% to Rs 7,119 after the design led technology service provider's net profit declined 2.28% to Rs 196.93 crore in Q4 FY24 as against Rs 201.52 crore posted in Q4 FY23.
Paisalo Digital approves fund raising via NCDs and CPs (24-04-2024)
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5 Smallcap stocks that will help you mint money in markets on April 24 (24-04-2024)
Stock picks for April 24, Wednesday, based on technical analysis: NCC, Aegis Logistics, GNFC, Manappuram Finance and Castrol India look positive on the daily charts as Nifty SmallCap scales new high.
Volumes spurt at Rajesh Exports Ltd counter (24-04-2024)
Rajesh Exports Ltd clocked volume of 2.88 lakh shares by 10:46 IST on BSE, a 5.23 times surge over two-week average daily volume of 55064 shares
ICICI Prudential drops after Q4 PAT slides 26% YoY to Rs 174 cr (24-04-2024)
ICICI Prudential Life Insurance Company declined 2.97% to Rs 575.50 after the company's net profit fell 26.02% to Rs 173.76 crore in Q4 FY24 from Rs 234.87 crore posted in Q4 FY23.
Zydus Life stock sheds 5% as USFDA issues 10 observations for Vadodara unit (24-04-2024)
Zydus Lifesciences share price update: The USFDA conducted an inspection at the Injectable Manufacturing site situated at Jarod, near Vadodara, between April 15 and April 23, 2024