Posts in category Business Standard
ZEE Entertainment Enterprises transitions towards lean organization structure (05-04-2024)
ZEE Entertainment Enterprises' MD & CEO, Punit Goenka, has proposed the implementation of a lean and streamlined management structure to the Board, in line with his strategic plan focused towards achieving the targeted goals for the Company.
Pulsar International fixes record date for stock split (05-04-2024)
Record date is 19 April 2024
Bharti Hexacom IPO subscribed 29.88 times (05-04-2024)
The offer received bids for 123.23 crore shares as against 4.12 crore shares on offer.
INR Appreciates On RBI Decision; Elevated Oil Prices, Strong Dollar Cap Gains (05-04-2024)
The Indian rupee appreciated 9 paise to close at 83.30 (provisional) against the US dollar as the Reserve Bank of India on Friday kept the benchmark interest rate unchanged at 6.5 per cent for the seventh time in a row. At the interbank foreign exchange market, the local unit opened at 83.44 against the greenback. The unit hit an intra-day high of 83.26 and a low of 83.45. A strong US dollar against major rivals overseas and elevated crude oil prices capped sharp gains for the local unit. The dollar index is staying above 104 mark whereas international oil prices are hovering above $86 per barrel. The benchmark S&P BSE Sensex reversed course to end up 20.59 points, or 0.03 percent, at 74,248.22 as the Reserve Bank of India (RBI) kept the policy repo rate unchanged at 6.5 percent and retained the outlook for inflation and GDP growth for 2024-25, assuming a normal monsoon. The broader NSE Nifty index settled virtually unchanged at 22,513.70.
Rupee rises 9 paise to 83.30 against US dollar post RBI policy decision (05-04-2024)
The rupee appreciated 9 paise to close at 83.30 (provisional) against the US dollar as the Reserve Bank of India on Friday kept the benchmark interest rate unchanged at 6.5 per cent for the seventh time in a row.
However, a strong US dollar against major rivals overseas and elevated crude oil prices capped sharp gains for the local unit, forex traders said.
At the interbank foreign exchange market, the local unit opened at 83.44 against the greenback. The unit hit an intra-day high of 83.26 and a low of 83.45.
The local unit finally settled at 83.30 (provisional) against the dollar, 9 paise higher from its previous close.
On Thursday, the rupee recovered 14 paise to close at 83.39 against the US dollar.
The rupee gained as the RBI's monetary policy remained the focus. The central bank kept CPI and GDP projections for FY25 unchanged at 4.5 per cent and 7 per cent, respectively, said Anuj Choudhary Research Analyst, Sharekhan by BNP Paribas.
"After a detailed assessment of the evol
IIFL Finance spurts 17% in five days; to acquire minority stake in NSE (05-04-2024)
IIFL Finance rallied 13.18% to Rs 400.90 after extending gains for the fifth consecutive trading session.
TVS Motor launches TVS RONIN – a modern-retro motorcycle in Colombia (05-04-2024)
TVS Motor Company forayed into the premium lifestyle motorcycle segment with the launch of TVS RONIN for its customers in Colombia today.
Amber Enterprises India announces signing of definitive agreement for new JV (05-04-2024)
Between AT Railway Sub Systems, Yujin Machinery, Sinkodia and Dujin International
Angel One raises Rs 1,500 cr via QIP issue (05-04-2024)
Commenting on the fund raise, Dinesh Thakkar, Chairman and Managing
Director said: The successful completion of this QIP marks a significant milestone in our journey, as we capitalise the business for its future growth trajectory, thus strengthening our position in the industry. The capital market landscape has undergone significant changes in recent years, with a robust outlook and deepening penetration, driven by digitisation. We are witnessing continuous engagement of Indian retail investors, as evidenced in our performance metrics. Key indicators such as gross client acquisition, number of orders, average daily
turnover, turnover market share and financial performance are consistently creating newer benchmarks. I am grateful to all our investors and stakeholders, for the trust they have placed in our vision. As we embark on this growth journey, I am confident that we are well positioned to continue to seize opportunities and drive success for our company."
Hong Kong Market edges lower (05-04-2024)
At closing bell, the benchmark Hang Seng Index dropped 1.18 points, or 0.01%, to 16,723.92. The Hang Seng China Enterprises Index sank 11.42 points, or 0.19%, to 5,863.57. Financial markets in mainland China were closed for a public holiday.