Posts in category Business Standard
Mumbai Travel Retail incorporates JV named – King Power Ospree (16-04-2024)
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Board of Indian Overseas Bank to consider capital raising plan for FY2025 (16-04-2024)
On 22 April 2024
Gold, silver prices hit peaks on global cues amid tensions in West Asia (16-04-2024)
Extending gains for the second day in a row, gold and silver prices hit fresh all-time high levels on Tuesday, tracking strong trends in the international markets amid fears of escalating tensions in the Middle East.
According to HDFC Securities, gold prices zoomed Rs 700 to hit its lifetime high of Rs 73,750 per 10 grams in the national capital on Tuesday.
It had closed at Rs 73,050 per 10 grams on Monday.
Similarly, silver price jumped Rs 800 to hit a record high of Rs 86,500 per kg.
"Spot gold prices (24 carats) in the Delhi markets are trading at a new record high of Rs 73,750 per 10 grams, up by Rs 700, taking positive cues from overseas markets," Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said.
In the global markets, spot gold at Comex was trading at USD 2,370 per ounce, up by USD 15 from the previous close.
Gold rose as demand for the haven asset grew amid fears of escalating tensions in the Middle East following Iran's unprecedented attack on Israel la
Equity investors’ wealth tumbles by Rs 7.93 trillion in three days (16-04-2024)
Investors' wealth tumbled Rs 7.93 lakh crore in three days of market crash amid escalating tensions in the Middle East and weak global trends.
Continuing its downtrend for the third day running on Tuesday, the 30-share BSE Sensex tanked 456.10 points or 0.62 per cent to settle at 72,943.68. During the day, it slumped 714.75 points or 0.97 per cent to 72,685.03.
The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days.
In the past three days, the BSE benchmark tanked 2,094.47 points or 2.79 per cent.
"Markets extended their losing streak for a third straight session on the back of weak global cues as a sharp rise in US bond yields due to rising Middle East tensions has made equity markets less attractive and prompted investors to resort to profit-taking.
"Investors are fearing that the ongoing conflict could fuel buoyancy in crude oil prices and in turn weigh on inflation," Prashanth Tapse, Se
India likely to receive above normal rainfall during south west monsoon (16-04-2024)
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Den Networks consolidated net profit declines 40.78% in the March 2024 quarter (16-04-2024)
Sales decline 8.80% to Rs 258.02 crore
Benchmarks suffer 3rd straight session of losses; Nifty below 22,150 (16-04-2024)
Stock markets got slammed today for a third straight session, with the Nifty 50 falling below 22,150. IT and banking stocks dragged the benchmarks, spooked by a nasty cocktail of worries. Rising US bond yields, a record-low Rupee, and simmering Middle East tensions. Foreign investors are pulling out of Indian shares, and strong US retail sales data is stoking fears of delayed US interest rate cuts.
Dynacons Systems wins contract of Rs 233 cr from NABARD (16-04-2024)
Dynacons Systems & Solutions announced its latest achievement in securing a significant contract worth Rs. 233 crore (all inclusive) from the National Bank for Agriculture and Rural Development (NABARD). This monumental contract encompasses the upgradation and migration of Core Banking Solution (CBS) from Finacle 7.0 to Finacle 10.2.25, operating on the Application Service Provider (ASP) model. The scope of the contract includes serving 1391 branches of 38 State Coop Banks across 8 states.
Dynacons Systems wins contract of Rs 233 cr from NABARD (16-04-2024)
Dynacons Systems & Solutions announced its latest achievement in securing a significant contract worth Rs. 233 crore (all inclusive) from the National Bank for Agriculture and Rural Development (NABARD). This monumental contract encompasses the upgradation and migration of Core Banking Solution (CBS) from Finacle 7.0 to Finacle 10.2.25, operating on the Application Service Provider (ASP) model. The scope of the contract includes serving 1391 branches of 38 State Coop Banks across 8 states.
Veranda inks strategic agreement with Pearson (16-04-2024)
To collaborate on content creation and delivery of resources for test preparation and higher education in India