Posts in category Business Standard
UCO Bank eases for fifth straight session (13-03-2024)
UCO Bank is quoting at Rs 48.65, down 5.81% on the day as on 13:19 IST on the NSE. The stock jumped 90.41% in last one year as compared to a 29.63% rally in NIFTY and a 85.52% spurt in the Nifty PSU Bank index.
SJVN arm bags LoI for 500-MW solar project (13-03-2024)
SJVN announced that its wholly owned subsidiary, SJVN Green Energy (SGEL) has received letter of intent (LoI) for 500 MW solar power project from Gujarat Urja Vikas Nigam (GUVNL).
CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12% (13-03-2024)
Despite today's decline, in the past six months, the CPSE index has outperformed the market by surging 47 per cent, as compared to 8 per cent rise in the BSE Sensex
SRF incorporates wholly owned subsidiary in Dubai (13-03-2024)
SRF announced that it has incorporated a wholly owned subsidiary, SRF Middle East with an authorized capital of AED 365,000.
Gokaldas Exports allots 27.31 lakh shares on preferential basis (13-03-2024)
Towards cost of acquisition of Matrix Design & Industries
Best Agro Science receives registration for indigenous manufacturing of Fomesafen (13-03-2024)
Fomesafen, a selective herbicide offers a versatile solution for farmers across India. With its unique formulation, Fomesafan provides control of boardleaf weeds, grasses and sedges in soybeans. Its applications can be pre-plant, pre-emergence, or post-emergence , making it highly adaptable to different farming practices.
Market at day’s low; realty shares under pressure; VIX climbs 5.64% (13-03-2024)
At 12:27 IST, the barometer index, the S&P BSE Sensex, was down 705.95 points or 0.96% to 72,962.01. The Nifty 50 index declined 273.90 points or 1.23% to 22,061.80.
Foreign inflows into index-eligible India bonds set to hit $10 billion (13-03-2024)
Investments into index-eligible Fully Accessible Route bonds have risen by Rs 81,218 crore ($9.8 billion) since the announcement in September, data from the Clearing Corp. of India show
Robust 4Q23 GDP growth figures to carry momentum into 1H24 for Indian economy (13-03-2024)
Organization of Petroleum Exporting Countries or OPEC stated in a latest monthly update that the latest data for India shows stronger-than-anticipated 4Q23 growth of 8.4%, y-o-y. The 2Q23 and 3Q23 quarterly growth figures stand at 8.2% and 8.1%, y-o-y, respectively. This places India's annual growth rate in 2023 at 7.7%, y-o-y, up from a previously estimated 6.8%, y-o-y. The strong 4Q23 growth is attributed to sustained strong fiscal policy spending aligned with the government's Production Linked Incentive (PLI) schemes, focusing on 14 key economic sectors, most notably technology and pharmaceuticals. A weak monsoon season leading to unusually dry weather elevated food price inflation in 4Q23, and the agriculture sector registered subdued growth on an annual basis. On a quarterly basis, the agricultural sector declined in 4Q23 by 0.8%, y-o-y.
Relicab Cable Manufacturing Ltd leads gainers in ‘B’ group (13-03-2024)
Finkurve Financial Services Ltd, BSL Ltd, Lambodhara Textiles Ltd and Lokesh Machines Ltd are among the other gainers in the BSE's 'B' group today, 13 March 2024.