Posts in category Business Standard
Japan Nikkei tumbles on Middle East tensions (15-04-2024)
However, market losses capped due to yen depreciation to fresh 34-year low against greenback, raising the prospect of higher earnings for Japanese exporters when repatriating overseas profits.
Australia Market dips into red as Middle East tensions (15-04-2024)
At closing bell, the benchmark S&P/ASX200 index declined by 35.56 points, or 0.46%, to 7,752.53. The broader All Ordinaries index dropped 40.84 points, or 0.51%, to 8,009.38.
This wealth management stock has zoomed 394% in 1 year; approves buyback (15-04-2024)
The board of directors has approved a proposal to buyback up to 370,000 equity shares of the company at Rs 4,450 per equity share, aggregating up to Rs 164.65 crore
Brigade Ent to invest Rs 400 cr to develop office space in Chennai (15-04-2024)
Brigade Enterprises said that it has entered into a joint development agreement (JDA) with Agni Estates & Foundations to develop Brigade Tech Boulevard, a 'Grade A' office space in Chennai.
Financials shares slide (15-04-2024)
Financials stocks were trading with losses, with the S&P BSE Financial Services index falling 144.22 points or 1.35% at 10507.1 at 13:42 IST.
Information Technology shares fall (15-04-2024)
Information Technology stocks were trading in the negative zone, with the S&P BSE IT Sector index falling 456.32 points or 1.28% at 35325.34 at 13:42 IST.
Ambuja Cements to acquire 1.5 MTPA grinding unit at Tuticorin for Rs 413.75 crore (15-04-2024)
Ambuja Cements said that it has signed a definitive agreement to acquire My Home Group's 1.5 million tones per annum (MTPA) Cement Grinding Unit in Tuticorin, Tamil Nadu.
Barometers turn rangebound, Nifty near 22,350 mark (15-04-2024)
At At 13:29 IST, the barometer index, the S&P BSE Sensex, slipped 594.69 points or 0.80% to 73,650.21. The Nifty 50 index declined 170.15 points or 0.76% to 22,349.25.
Growth momentum in Indian economy expected to persist, farm sector seen challenges (15-04-2024)
Organization of Petroleum Exporting Countries (OPEC) has stated in a monthly update that the robust growth momentum in Indian economy is expected to persist, benefiting from the strong finish to 2023, with 4Q23 growth reaching 8.4%, y-o-y. Manufacturing continues to play a crucial role in driving growth, supported by Production Linked Incentives (PLI) schemes in strategic sectors. Confidence levels remain high, as indicated by the upward trajectory of PMI indexes in both manufacturing and services. While unemployment shows a slight decline, the services sector could experience upside potential. However, the agricultural sector is anticipated to face challenges due to ongoing issues related to irregular weather patterns and relatively low water reservoir levels, leading to decreased output and sectoral performance.
India’s Wholesale Inflation Reaches 3-Month High At 0.53% In March (15-04-2024)
Wholesale Price Index (WPI) inflation stood at 0.2 percent in February and 1.34 percent in March 2023. Food prices rose 4.65 per cent as compared with an increase of 4.09 percent in February.