Posts in category Business Standard
Lendingkart Finance standalone net profit declines 97.47% in the March 2024 quarter (24-06-2024)
Sales rise 20.67% to Rs 262.34 crore
GST Council Notifies Several Measures, Recommends Uniform Rate Of 12% On All Milk Cans (24-06-2024)
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Indices trim losses; consumer durables advance (24-06-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 118.65 points or 0.15% to 77,328.55. The Nifty 50 index rose 23.70 points or 0.11% to 23,527.55.
Food inflation is the main factor behind the grudgingly slow pace of disinflation: RBI Minutes (24-06-2024)
Headline CPI inflation is moderating but at a very slow pace, RBI governor noted in the minutes of RBI policy released on Friday. The last mile of disinflation is turning out to be gradual and protracted. Food inflation is the main factor behind the grudgingly slow pace of disinflation, Governor Shaktikanta Das stated. Going forward, the baseline projections show inflation moderating to an average 4.5 per cent in 2024-25. In the immediate months, however, the impact of exceptionally warm summer months on output of certain perishables; a likely rabi production shortfall in some pulses and vegetables particularly potatoes and onions; and the upward revisions in milk prices, warrant close monitoring, he added.
NBCC secures order worth Rs 100 crore (24-06-2024)
NBCC (India) announced that it has bagged an order from REC in the normal course of business worth Rs 100 crore.
L&T arm bags significant order to build solar and energy storage plant (24-06-2024)
Larsen & Toubro (L&T) announced that its power transmission & distribution (PT&D) business has secured a significant domestic order to build Solar PV Plant along with a Battery Energy Storage System (BESS).
United Cotfab makes flat stock market debut; lists at 7% premium (24-06-2024)
Post listing, the stock surged 12.5 per cent to hit an intraday peak of Rs 78.75 per share
Larsen & Toubro wins order for solar power plant and battery energy storage system (24-06-2024)
The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro (L&T) has won a domestic order to build a grid-connected 185MW Solar PV Plant along with a Battery Energy Storage System (BESS) having multitudes of MWh capacity. According to the company's project classification, the value of the order ranges between Rs 1,000 crore to Rs 2,500 crore.
Govt bond yields fall ahead of expected inflows post index inclusion (24-06-2024)
Foreign banks also stepped up purchases of bonds last week ahead of the inclusion, and is expected to continue this week as well
Asian shares drop after Wall Street closes another winning week (24-06-2024)
Asian shares were mostly lower Monday after US stocks coasted to the close of their latest winning week on Friday, even as Nvidia's stock cooled further from its startling, supernova run.
US futures and oil prices dropped.
In Tokyo, the Nikkei 225 index rose 0.7 per cent to 38,869.94, making it the sole major benchmark in Asia to post gains on Monday.
The yen weakened to 159.93 per dollar during morning trading.
Minutes of the Japanese central bank's last policy meeting released Monday put the yen under renewed pressure as it indicated that Any change in the policy interest rate should be considered only after economic indicators confirm that, for example, the CPI inflation rate has clearly started to rebound and medium-to long-term inflation expectations have risen.
Meanwhile, it was reported that Masato Kanda from the Minister of Finance said officials are ready to intervene to support the currency at any time.
Elsewhere, Hong Kong's Hang Seng dropped 1.2 per cent to 17,815.42,