Posts in category Business Standard
India and ADB sign $23 million loan agreement to strengthen fintech ecosystem in India (15-03-2024)
The Government of India and the Asian Development Bank (ADB) signed a $23 million loan agreement to enhance access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT-City). GIFT City is an initiative of the Government of India and the State Government of Gujarat to foster Indias financial services and fintech ecosystem. The project is expected to establish an International Fintech Institute (IFI) to strengthen fintech education, boost start-up success rates, and drive fintech research and innovation. The IFI, set to be established in partnership with globally reputed institutes and universities, will offer industry-aligned fintech training programmes that meet international standards. The institute will strengthen innovation and entrepreneurship by supporting startups, especially women-led, through incubation and acceleration services. It will also collaborate with industry and venture capital funds to support the growth of ...
Dollar Index Renews Gains As US PPI Data Flag Concerns Of Sticky Inflation (15-03-2024)
The dollar index renews gains on Friday morning in Asia following higher than expected producer price data that added to uncertainty over timing of Federal rate cut this year. Producer price index for final demand climbed 0.6 percent in February after rising by 0.3 percent in January. The report also said the annual rate of producer price growth accelerated to 1.6 percent in February from a revised 1.0 percent in January. The core PPI showed an increase of 2.8% annually, higher than the previous 2.6%. The dollar index that measures the greenback against the basket of currencies is currently trading above 103 mark and is set for a weekly gain tracking higher benchmark US treasury yields at 4.28%. Among the basket currencies, EURUSD and GBPUSD were under pressure at $1.0875 and $1.2735 respectively.
Sensex slides 533 pts; PSU banks tumble (15-03-2024)
At 11:28 IST, the barometer index, the S&P BSE Sensex was down 532.72 points or 0.73% to 72,572.10. The Nifty 50 index slipped 186.10 points or 0.84% to 21,960.55.
Innova Captab slides as CFO Gaurav Srivastava resigns (15-03-2024)
Innova Captab fell 2.91% to Rs 467.35 after the firm informed that its chief financial officer (CFO), Gaurav Srivastava has resigned from his position with effect from 29 March 2024 due to personal reasons.
Biocon slips after CFO resigns (15-03-2024)
Biocon declined 4.76% to Rs 254.25 after the company said that its chief financial officer (CFO), Indranil Sen has resigned with effect from 15 March 2024.
Volumes jump at La Opala RG Ltd counter (15-03-2024)
La Opala RG Ltd saw volume of 2.04 lakh shares by 10:46 IST on BSE, a 5.95 fold spurt over two-week average daily volume of 34300 shares
Biocon slips 5% on plan to sell branded formulation biz to Eris (15-03-2024)
Shares of Biocon slipped 5 per cent to Rs 254.15 on the BSE in Friday's intra-day trade as the company's unit Biocon Biologics will sell its Indian branded formulations businesses to Eris Lifesciences
KIMS Hospitals edges higher after acquiring land for new hospital in Thane (15-03-2024)
Krishna Institute of Medical Sciences rose 1.14% to Rs 2010.30 after the company said that it has entered into a definitive agreement for the acquisition of land on a 99-year lease and purchase of the building thereon for setting up a new hospital at
SpiceJet to lease two A340 aircrafts for upcoming Haj operations (15-03-2024)
The airline will deploy the wide-body aircraft from both Srinagar and Guwahati.
KPI Green bags 50 MW wind-solar hybrid power project (15-03-2024)
The power generation company announced that it has emerged as the successful winner in the Gujarat Urja Vikas Nigam (GUVNL) tender for development of 50 MW wind-solar hybrid power project.