Posts in category Business Standard
Dollar Index Lingers Along Flat Line Awaiting Powell Testimony (06-03-2024)
The dollar index is lingering along the flat line on Wednesday in Asia awaiting cues from Powells testimony before Congress later in the global day amid growing expectation of a Federal rate cut. The dollar index that measures the greenback against a basket of currencies was quoting at 103.75, unchanged on the day. The greenback eased following data yesterday that showed US S&P Global Services PMI experienced a slight decrease to 52.3, falling from January's 52.5, while the Composite PMI, which includes both manufacturing and service sectors, registered at 53.8. The ISM Services PMI reported a decline to 52.6 from 53.4, coming in below the anticipated consensus of 53. Factory Orders in January fell more than expected, from 0.2% to -3.6% on monthly basis. Among the basket currencies, EURUSD and GBPUSD were both staying flat at $1.0858 and $1.2704 respectively.
BSE SmallCap sinks 2%, MidCaps bleed too: IIFL Finance, MGL slump up to 20% (06-03-2024)
With today's decline, the BSE Smallcap index has slipped 5 per cent from its record high level touched on February 7
Force Motors Feb’24 sales rise 6% YoY to 2,366 units (06-03-2024)
Force Motors announced that it has registered 5.81% increase in domestic sales to 2,366 units in February 2024 as against 2,236 units sold in February 2023.
Havells India announces foray into domestic kitchen appliances segment (06-03-2024)
Havells India said that the company intends to expand its existing product portfolio with the introduction of kitchen appliances, such as cooktops, hobs, chimneys and other built-in appliances, into it.
Nifty slides below 22,300 level; media shares under pressure (06-03-2024)
At 10:27 IST, the barometer index, the S&P BSE Sensex, was down 117.91 points or 0.16% to 73,559.22. The Nifty 50 index shed 65.95 points or 0.29% to 22,290.35.
JSW Steel onboards Robert Simon as CEO of JSW USA (06-03-2024)
An Industrial Engineer from West Virginia University, Rob began his professional career as a Production Manager, and eventually as General Manager for Oregon Brass Works. He held several key positions at Evraz North America's Rocky Mountain Steel Mills eventually becoming the Vice-President & General Manager and later the Executive Vice-President for
the company's Tubular Division. Rob's career then expanded to Steel Dynamics, taking the
role of Vice-President Structural Products, where he led the organization through a recovery
from the financial crisis re-establishing a strong presence in the company's markets while also
developing a significant presence in new markets. Rob later accepted the position of Chief
Executive Officer for the newly formed Bayou Steel Group. Prior to joining JSW USA, he
consulted with several companies including OmniTrax in Denver Colorado. Rob has also
served on the Executive Committee and as Chairman of the Steel Manufacturers Association
in ..
Majority of states, union territories have single-digit MF penetration (06-03-2024)
Per capita investment is less than Rs 10,000 in eight of them
NHPC to set up 1200 MW solar park project in UP (06-03-2024)
The power generation company said that it has started developing the 1,200- megawatt (MW) Jalaun ultra renewable energy power park in Uttar Pradesh, with an investment of Rs 796.96 crore.
JSW Energy arm inks pact with SECI (06-03-2024)
JSW Energy said that its step down subsidiary, JSW Renew Energy has signed a Battery Energy Storage Purchase Agreement (BESPA) with Solar Energy Corporation of India for battery energy storage system project.
JM Financial tanks 19% as RBI bars it from lending against shares, bonds (06-03-2024)
RBI barred JMFPL from financing of share of shares or debentures owing to violations and lapses