Posts in category Business Standard
Mahindra & Mahindra Financial Services receives ratings action from India Ratings & Research (21-03-2024)
1 Non-convertible Debentures (Rs 39000 crore) - 'IND AAA'/ Outlook Stable
2 Retail Non-convertible Debentures (Rs 10000 crore) - 'IND AAA'/ Outlook Stable (The rated limit is interchangeable with retail
subordinated debt)
3 Private Sub Debt (Rs 3450 crore) - 'IND AAA'/ Outlook Stable
4 Principal Protected Market Linked Debenture (Rs 1500 crore) - IND PP-MLD AAA/Stable
5 Retail Subordinate Debt (Rs 3000 crore) - 'IND AAA'/ Outlook Stable
6 Commercial Paper (Rs 15000 crore) - IND A1+
UK Pound Eases Below $1.28; BoE Rate Decision In Focus (21-03-2024)
UK Pound is paring some of its sharp gains registered earlier in the day against the dollar. GBPUSD is easing from a one-week high on Thursday after release of mixed set of UK data. The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers Index (PMI) improved sharply from 47.5 in February to 49.9 in March, above the estimated 47.8 reading. Meanwhile, the Preliminary UK Services Business Activity Index declined to 53.4 in March, missing the market forecast of 53.8. The previous figure was 53.8. The pair is currently off intraday highs above $1.28 mark and is quoting at $1.2789, marginally unchanged on the day. The dollar index dropped below 103 mark after dovish FOMC outcome yesterday but is seen gathering mild momentum at 103.07 at the time of writing. All eyes are now glued to BoE monetary policy summary to understand the central banks stance on interest rates after UK inflation slowed to its lowest level in almost two and half years. On the NSE, GBPINR ...
Quick Wrap: Nifty PSE Index gains 3.51% (21-03-2024)
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Shyam Metalics forays into aluminium flat-rolled products (21-03-2024)
With capex of Rs 450 cr
DCB Bank rises on appointing Praveen Kutty as MD & CEO (21-03-2024)
DCB Bank added 1.10% to Rs 120 after its board approved the appointment of Praveen Achuthan Kutty as the managing director & chief executive officer (MD & CEO) of the bank for a period of three years effective from 29 April 2024.
Barometers end with strong gains; VIX sinks 7.12% (21-03-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, was up 539.50 points or 0.75% to 72,641.19. The Nifty 50 index added 172.85 points or 0.79% to 22,011.95.
Lloyds Metals gains as board OKs to raise Rs 5,000 cr via QIP (21-03-2024)
Lloyds Metals and Energy rallied 2.47% to Rs 590 after the iron ore miner announced that its board has approved raising of funds through qualified institutional placement (QIP) upto Rs 5,000 crore.
Paisalo Digital Ltd leads losers in ‘A’ group (21-03-2024)
Metro Brands Ltd, Rainbow Childrens Medicare Ltd, One 97 Communications Ltd and Hindware Home Innovation Ltd are among the other losers in the BSE's 'A' group today, 21 March 2024.
Medico Remedies Ltd leads losers in ‘B’ group (21-03-2024)
Shyam Telecom Ltd, Loyal Textile Mills Ltd, BPL Ltd and U. H. Zaveri Ltd are among the other losers in the BSE's 'B' group today, 21 March 2024.
Indices trade with significant gains; media shares advance (21-03-2024)
At 14:27 IST, the barometer index, the barometer index, the S&P BSE Sensex, was up 535.99 points or 0.74% to 72,633.41. The Nifty 50 index gained 170.15 points or 0.78% to 22,009.25.