Posts in category Business Standard
KPI Green Energy fixes record date for stock split (02-07-2024)
Record date is 18 July 2024
Benchmarks end with minor losses; banks drag (02-07-2024)
The equity benchmarks ended flat today after early gains fizzled. Profit booking set in after the key indices touched record highs, with banking and FMCG stocks leading the decline. IT stocks provided the lone bright spot. Investors now turn their attention to key US data points, including jobs figures and the Fed Chair's speech, for clues on the future trajectory of interest rates.
HCL Technologies launches new global delivery center in Patna (02-07-2024)
This is HCLTech's first center in the state of Bihar. Going forward, the center will also house specialized labs and centers of excellence to boost HCLTech's technology innovation engine and will offer a wide range of services to global clients.
Elevated Crude Oil Prices, Muted Local Equities Add Pressure On INR (02-07-2024)
The Indian rupee depreciated 6 paise to settle at 83.50 (provisional) against the US dollar on Tuesday, weighed down by a strong greenback in the overseas market and elevated global crude oil prices. Moreover, a muted trend in domestic equities and foreign fund outflows dented investor sentiments. Indian shares ended a choppy session marginally lower on Tuesday as a stronger dollar and rising Treasury yields in international markets weighed on investors' appetite for risk. The benchmark S&P/BSE Sensex swung between gains and losses before ending the session down 34.74 points at 79,441.45. The broader NSE Nifty index also fluctuated before settling at 24,123.85, down 18.10 points from its previous close. At the interbank foreign exchange market, the local unit opened at 83.51 and hit the intraday high of 83.47 and a low of 83.56 against the American currency during the session.
Bank of Maharashtra concludes successful issue of Tier 2 Bonds of Rs 1000 cr (02-07-2024)
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Australian Markets End Lower After RBA Minutes (02-07-2024)
The benchmark S&P/ASX 200 dropped 0.42 percent to 7,718.20, with miners and financials pacing the declines. The broader All Ordinaries index slipped 0.41 percent to 7,959.70.
Chinese Markets Gain After Real Estate Data (02-07-2024)
The dollar gained traction and yields hit a one-month high after the Supreme Court ruled that presidents have absolute immunity from prosecution for core official acts.
Puravankara to develop 7.26-acre land parcel in Hebbagodi, Bengaluru (02-07-2024)
With potential Gross Development Value (GDV) of Rs 900+ crore
NLC India records 22% growth in Lignite production in Q1 FY25 (02-07-2024)
The Company has achieved 22.12% growth in Lignite production during Q1 of FY 2024-25 i.e. 61.72 LT produced when compared to Q1 of FY 2023-24 i.e. 50.54 LT.
Sebi mandates email as default mode for dispatching CAS by depositories (02-07-2024)
Markets regulator Sebi on Tuesday mandated email as a default mode of dispatch of 'Consolidated Account Statement', which provides an account of securities traded by an investor, by depositories and Mutual FundRegistrar and Transfer Agents (MF-RTAs).
The new framework will come into force from April 1, the Securities and Exchange Board of India (Sebi) said in a circular.
A Consolidated Account Statement (CAS) is a single or combined account statement which shows the details of financial transactions made by an investor during a month across all mutual funds and also other securities held in dematerialised (demat) mode.
The CAS is dispatched to the investors by the depositories (NSDL or CDSL), providing the details of financial transactions in both mutual fund folios and depository accounts if PANs are common across the RTAs and the depositories.
In respect of mutual fund folios, where there is no common PAN between the RTAs and the depositories, the CAS is sent by mutual funds ...