Posts in category Business Standard
NTPC, Power Grid sink 3% on profit taking after rallying up to 21% in 1 mth (21-02-2024)
The BSE power index, meanwhile, closed calendar year 2023 with gains of 34 per cent with NTPC and Power Grid surging 87 per cent and 48 per cent, respectively, for the year
Ambuja Cements to establish 4 MTPA cement grinding unit in Godda, Jharkhand (21-02-2024)
The project is planned in close proximity to Adani Power (Jharkhand), as part of a comprehensive approach to disposing of fly ash in an environmentally safe manner and contributing to the circular economy. The project exemplifies Ambuja Cements' commitment to sustainable practices and reflects its dedication to fostering inclusive growth in Jharkhand. The unit will generate direct and indirect employment for over 2,500 individuals, significantly contributing to the economic and social progress of the state.
HFCL hits 52 week high after board OKs to set up OFC unit in Poland (21-02-2024)
HFCL added 1.49% to Rs 112.40 after the company's board approved to the strategic expansion into Europe with the setting up of optical fiber cable (OFC) manufacturing facility in Poland, Europe.
Zee Entertainment Enterprises Ltd leads losers in ‘A’ group (21-02-2024)
Welspun Enterprises Ltd, Dish TV India Ltd, Force Motors Ltd and Mangalore Refinery And Petrochemicals Ltd are among the other losers in the BSE's 'A' group today, 21 February 2024.
Zen Tech bags Rs 93-cr order from Defence Ministry (21-02-2024)
The Hyderabad-based company announced that it has secured an order worth Rs 93 crore from Ministry of Defence, Government of India for tactical training simulators.
INR Exhibits Least Volatility Among Major Currencies In January, Notes RBI (21-02-2024)
The Indian rupee (INR) appreciated modestly by 0.2 per cent (m-o-m) vis-vis the US dollar in January 2024, RBI stated in its monthly bulletin. Moreover, the INR exhibited the least volatility among major currencies during the month. Meanwhile, as on February 9, 2024 foreign exchange reserves at US$ 617.2 billion stood sufficient to cover for more than 10 months of imports projected for 2023-24 and more than 97 per cent of total external debt outstanding at end-September 2023, RBI noted. India currently holds the fourth largest foreign exchange reserves in the world, up from sixth since the COVID-19 pandemic. Its reserves have increased by US$ 38.8 billion this financial year so far, the second highest among major foreign exchange reserves holding countries.
Palash Securities Ltd leads losers in ‘B’ group (21-02-2024)
Zee Media Corporation Ltd, Growington Ventures India Ltd, Cambridge Technology Enterprises Ltd and Nectar Lifescience Ltd are among the other losers in the BSE's 'B' group today, 21 February 2024.
Australia Market slides 0.66% (21-02-2024)
At closing bell, the benchmark S&P/ASX200 index fell 50.69 points, or 0.66%, to 7,608.36. The broader All Ordinaries index dropped 51.43 points, or 0.65%, to 7,860.04.
Japan Nikkei closes .3% down (21-02-2024)
Tuesday, 20 February 2024, as profit-taking triggered after key benchmark indices hit fresh 34-year highs. However, market losses capped. As some export-related issues were sought on a weaker yen against greenback.
Ericsson and Airtel demonstrate 5G high-band functionality on Airtel network (21-02-2024)
The 5G high-band or millimeter wave (mmWave) spectrum is a valuable resource when targeting densely populated urban areas with large number of mobile devices, homes, and business areas. The high-band,
above 24 gigahertz (GHz) offers an opportunity for Airtel to offer unprecedented peak rates, low latency, and high capacity.