Posts in category Business Standard
Sunteck Realty leases its second premium commercial building at BKC Junction, Sunteck Icon (02-04-2024)
For rental income of Rs 2,000 cr over 29 years
Opec+ ministerial panel unlikely to change output policy at April 3 meeting (02-04-2024)
OPEC+ members, led by Saudi Arabia and Russia, last month agreed to extend voluntary output cuts of 2.2 million barrels per day (bpd) to support the market
Benchmarks take a breather, but broader strength endures (02-04-2024)
The barometer index, the S&P BSE Sensex, was down 110.64 points or 0.15% to 73,903.91. The Nifty 50 index shed 8.70 points or 0.04% to 22,453.30. Both the indices advanced over 2% in the past three trading sessions.
Board of JSW Energy approves fund raising up to Rs 5,000 cr via QIP issue (02-04-2024)
At meeting held on 02 April 2024
India commanding higher valuations on investors’ optimism, trust: Buch (02-04-2024)
Sebi chairperson Madhabi Puri Buch on Tuesday said the Indian capital markets are commanding higher valuations because of foreign investors' optimism and trust in the country.
She said at 22.2, the ratio of price to earning multiple in the Indian market is higher than the average of many indices around the world.
"Yes, some people say that we are an expensive market but still why is the investment coming? Because this is a reflection of the optimism and the trust and faith that the world has in India today that we are commanding the kind of multiples in our markets," she said at a CII event on corporate governance here.
A few weeks ago, Buch had flagged concerns on high valuations in segments of small and midcap stocks, stating that it could be becoming into a bubble.
Buch said she meets foreign investors regularly as part of her mandate and has seen an increased interest in India among them because of the velocity which the country's economy has got after years of high speed ...
Sobha announces acquisition of BNB Builders (02-04-2024)
Through its wholly owned subsidiary - Sobha Developers (Pune)
INR Settles Near Record Lows Amid Dollar Strength, Muted Equities (02-04-2024)
The Indian rupee on Tuesday consolidated in a narrow range and settled 4 paise lower at 83.43 against the US dollar, weighed down by a strong dollar and elevated crude oil prices. The dollar index futures that measure the greenback against a basket of currencies raced to 104.72 after US ISM business activity report from March yesterday reported highest growth since September 2022, showing resilience in US economy that could deter the Fed from rushing into rate cuts. US 10-year benchmark treasury yields shot up to 4.35%. Meanwhile, a weak trend in domestic equities also dented investor sentiments. The benchmark S&P BSE Sensex ended the session down 110.64 points, or 0.15 percent, at 73,903.91 after having a hit a low of 73,743.77 earlier. The broader NSE Nifty index recouped most early losses to end down 8.70 points at 22,453.30. At the interbank foreign exchange, the local unit opened at 83.37, then touched an intraday high of 83.34 and a low of 83.44 against the greenback. The ..
Govt proposes national iron ore exchange to tackle price anomalies: Report (02-04-2024)
The proposed exchange would record real-time transactions and physical delivery of iron ore, the document said
Forex derivatives volumes to plummet 80% on mandatory exposure rule (02-04-2024)
The rule, which comes into effect from April 5, was reiterated by exchanges on Monday following concerns raised by brokers about its impact on volumes
Fevikwik introduces new products in instant adhesion segment (02-04-2024)
The new range of products have been designed to offer superior performance and user experience across various usage categories - Fevikwik Precision Pro for precise application, Fevikwik Gel for spillfree repairs and opportunity to correct mistakes, Fevikwik Advanced with water-proof and shockproof properties, and Fevikwik Craft for crafting enthusiasts.