Posts in category Business Standard
PVR launches 14-screen megaplex in Bengaluru (11-04-2024)
The cinema chain operator announced the opening of 14 screen megaplex at Phoenix Mall of Asia in the city of Bengaluru.
Karnataka Bank joins hands with FISDOM to offer stock broking services (11-04-2024)
The private lender on Wednesday announced that it has expanded its collaboration with FISDOM to offer 3-in-1 (savings, demat and trading accounts) through the bank's mobile banking app, KBL Mobile Plus.
Metropolis core biz revenue climbs 15% YoY in Q4 (11-04-2024)
Metropolis Healthcare said that its core business revenue (excluding revenue from covid, covid allied tests & PPP contracts) jumped approximately 15% YoY in Q4 of FY24.
L&T completes divestment of entire 51% stake in L&T Infra Development Projects (11-04-2024)
The EPC major announced that it has completed the sale of its entire stake in L&T Infrastructure Development Projects (LTIDPL), a joint venture with Canada Pension Plan Investment Board (CPP Investments).
Trident commissions 1.1 MWp-solar project in MP (11-04-2024)
Trident informed that it has successfully commissioned the capacity of 1.1 MWp (megawatt peak) solar power project at Budhni in Madhya Pradesh.
Dr. Reddy’s Lab arm launches migraine management device, Nerivio in Europe (11-04-2024)
Dr. Reddy's Laboratories said that it has announced the launch of the drug-free non-invasive migraine management wearable device, Nerivio in Germany through its step-down subsidiary betapharm.
Government enforces weekly stock disclosure and verification of pulses (11-04-2024)
The Centre on Wednesday directed all States and UTs to enforce weekly stock disclosure of pulses by all stockholding entities and verify the stocks declared by them. Stocks in warehouses located in major ports and in pulses industry hubs should be verified from time to time and strict action should be taken on stockholding entities found to be reporting false information on stock disclosure portal.
DXY Futures Surge Above 105 Mark As US Inflation Stays Stubbornly High; US PPI Eyed For Further Cues (11-04-2024)
The dollar index futures rallied to a 5 month high above 105 mark following hotter than expected US inflation data that further delays possibility of a Federal rate cut. Data from US yesterday showed that headline inflation increased to 3.5% on year in March, up from 3.2% in February and beating the 3.4% expected. This was also this highest level since October last year. Core CPI measurement, excluding volatile food and energy costs reflected February's increase with an annual rise of 3.8% in March. The dollar index futures that measures the greenback against a basket of currencies climbed 1% and hit a high of 105.09 in immediate reaction to the data and is currently quoting at 105.03, almost unchanged on the day. US benchmark treasury yields also spiked to 4.55% that could keep the greenback at elevated levels. Investors now look ahead to Thursdays US producer price index report and ECB monetary policy for further insights on currency movements. Among the basket currencies, ...
Varun Beverages to invest in two renewable energy companies (11-04-2024)
The beverage maker on Wednesday announced that it will invest upto 14% each in Huoban Energy 11 and Aspirative Creative Ventures for a cash consideration of Rs 2.90 crore and Rs 2.24 crore, respectively.
DCX Systems appoints Diwakaraiah N J as CFO (11-04-2024)
DCX Systems announced that it has been appointed Diwakaraiah N J as the chief financial officer (CFO) and key management personnel (KMP) with effect from 11 April, 2024.