Posts in category Business Standard
SGN Telecoms reports standalone net loss of Rs 0.03 crore in the December 2023 quarter (15-02-2024)
Reported sales nil
Vibhor Steel Tubes IPO subscribed 298.86 times (15-02-2024)
The offer received bids for 107.36 crore shares as against 0.35 crore shares on offer.
NSE SME IPO Thaai Casting subscribed 2.08 times (15-02-2024)
The offer received bids for 1.28 crore shares as against 61.29 lakh shares on offer.
NSE SME IPO Of Kalahridhaan Trendz subscribed 1.07 times (15-02-2024)
The offer received bids for 53.52 lakh shares as against 49.98 lakh shares on offer.
Rupee falls 2 paise to close at 83.04 against dollar amid latter’s demand (15-02-2024)
The rupee consolidated in a narrow range and depreciated by 2 paise to close at 83.04 (provisional) against the US dollar on Thursday, tracking a strong American currency and elevated crude oil prices in the international market.
Forex traders said the Indian currency depreciated as foreign fund outflows weighed on the rupee. However, positive domestic markets cushioned the downside.
At the interbank foreign exchange market, the local unit opened at 83.00 and finally settled at 83.04 (provisional) against the dollar, down by 2 paise from its previous close.
During the day, the rupee witnessed a range-bound movement. It saw an intra-day high of 82.99 and a low of 83.04 against the American currency.
On Wednesday, the rupee appreciated 6 paise to close at 83.02 against the US dollar.
"We expect the rupee to trade with a slight positive bias on rise in risk appetite in global markets and a negative tone in the US dollar. Overnight decline in global crude oil prices and better than ..
Crude oil prices decline as IEA flags slower demand growth this year (15-02-2024)
Brent crude futures fell 37 cents, or 0.5%, to $81.23 a barrel by 1008 GMT. U.S. West Texas Intermediate crude futures declined 44 cents, or 0.6%, to $76.20
Nifty February futures trade at premium (15-02-2024)
NSE India VIX fell 1.36% as shares gained.
EURUSD Steadies Near 3-Month Low; Current disinflationary process expected to continue, Says Lagarde (15-02-2024)
EURUSD is seen mildly recovering near a three-month low on Thursday amid small pullback in dollar index. However, greenback hovering near recent highs is keeping the pair under pressure. EURUSD is quoting at $1.0746. The dollar index which measures the value of the USD relative to a basket of global currencies, retraces from a three-month high of nearly the 105.00 mark and hovers around 104.54. The US Treasury yields edge lower, with the 10-year yield standing at 4.22%. Christine Lagarde, the President of the European Central Bank (ECB), stated that recent data indicates ongoing subdued economic activity in the near term. The current disinflationary process is expected to continue, but the Governing Council needs to be confident that it will lead us sustainably to our 2% target, she added. We will continue to follow a data-dependent approach to determining the appropriate level and duration of restriction, taking into account the inflation outlook, the dynamics of underlying ...
Juniper Hotels’ Rs 1,800 crore IPO to open on for bidding on February 21 (15-02-2024)
Juniper Hotels Ltd, which runs hotels under the "Hyatt" brand, on Thursday fixed a price band of Rs 342-360 per share for its Rs 1,800-crore initial public offering (IPO).
The maiden public issue will open for subscription on February 21 and close on February 23, the company said in a statement.
The IPO is entirely a fresh issue of equity shares worth Rs 1,800 crore with no Offer For Sale (OFS) component.
Of the total proceeds, funds to the tune of Rs 1,500 crore will be utilised for payment of debt availed by the company and subsidiaries -- Chartered Hotels Private Limited and Chartered Hampi Hotels Private Limited.
Besides, a portion will be used for general corporate purposes. Juniper Hotels is promoted by Saraf Hotels Ltd and its affiliate-- Juniper Investments Ltd-- and Two Seas Holdings Ltd, an indirect subsidiary of a global hospitality company Hyatt Hotels Corporation.
The hospitality firm has a portfolio of seven hotels and serviced apartments and operates 1,836 keys ac
Hinduja Global Solutions consolidated net profit declines 80.08% in the December 2023 quarter (15-02-2024)
Sales rise 7.56% to Rs 1203.67 crore