Posts in category Business Standard
Market at day’s low; Sensex slumps 615 pts; Bajaj Auto slips 3.79% (28-02-2024)
At 13:27 IST, the barometer index, the S&P BSE Sensex, tumbled 615.43 points or 0.84% to 72,479.79. The Nifty 50 index declined 208.70 points or 0.94% to 21,989.65.
UK Pound Stays Pressured Below $1.2650 As Dollar Regains Momentum (28-02-2024)
UK pound is staying pressured against the dollar on Wednesday amid recovery in dollar index ahead of crucial US inflation slated for the week. Personal Consumption Expenditures (PCE) figures from January and Gross Domestic Product (GDP) revisions from Q4 are keenly awaited. The dollar index that measures the greenback against a basket of currencies is quoting at 104.01, up 0.24% on the day, weighing down peers currencies. GBPUSD pair is currently quoting lower by 0.28% on the day at $1.2646. Meanwhile, Bank of England's (BoE) Catherine Manns speech later in the day is also likely to provide cues for the pair. Bank of England (BoE) Deputy Governor Dave Ramsden said on Tuesday that inflationary pressures persisted, and he needed more data about how long they were expected to last before changing the BoE's policy stance. On the NSE, GBPINR futures are trading at 105.02, down 0.17% on the day.
Bajaj Healthcare soars after signing deal for supply of 15 APIs with UK/EU customers (28-02-2024)
Bajaj Healthcare surged 11.13% to Rs 356.05 after the company announced that it has entered into a definitive CDMO agreement with esteemed UK/EU based customers for the supply of 15 active pharmaceutical ingredients (APIs).
NMDC reports accident at construction site at Kirandul complex (28-02-2024)
Though rescue operations were immediately initiated, 4 contractual workmen could not be rescued alive. Two other contractual workmen who sustained injuries during this incident are being treated at the NMDC Hospital and now out of harms way.
ONGC incorporates wholly owned subsidiary for green energy and gas biz (28-02-2024)
Oil and Natural Gas Corporation (ONGC) announced that it has incorporated a wholly owned subsidiary, ONGC Green, on 27 February 2024, with an authorized capital of Rs 100 crore and subscribed and paid up capital of Rs 1 crore.
DreamFolks Services soars 7% as MOFSL initiates coverage, sees 34% upside (28-02-2024)
Analysts at Motilal Oswal Financial Services said strong industry tailwinds make case for strong and sustained growth for DFS over the medium-term
Chemplast Sanmar commences Paste PVC production at Cuddalore facility (28-02-2024)
Chemplast Sanmar said that it has commenced commercial production from the new Paste PVC facility set up at SIPCOT Industrial Complex, Semmankuppam Village, Cuddalore, Tamil Nadu.
Anupam Rasayan incorporates subsidiary in USA (28-02-2024)
Anupam Rasayan India announced that it has incorporated a wholly owned subsidiary at Delaware in United States of America (USA) named, Anupam USA LLC on 23 February 2024.
Nifty hovers below 22,050; PSU banks under pressure (28-02-2024)
The key equity benchmarks traded with significant losses in early afternoon trade. The Nifty traded below 22,050 level after hitting the day's high of 22,229.15 in the morning trade. PSU Bank shares slipped for the fourth consecutive trading sessions.
K.P. Energy commissions further 25.2 MW ISTS connected wind power project at Sidhpur (28-02-2024)
With the present Phase-VI commissioning, the net cumulative capacity commissioned at Sidhpur site stands at 163.8MW (i.e., 52.5MW + 29.4MW + 25.2MW + 21MW+ 10.5MW + 25.2MW) against the awarded capacity of 250.8MW.