The acquisition will strengthen Patanjali Foods’ FMCG portfolio in key segments.
Posts in category Business Standard
Gandhar Oil climbs as arm bags order from ADNOC (02-07-2024)
Gandhar Oil Refinery (India) rallied 3.69% to Rs 222.10 after its foreign material subsidiary, Texol Lubritech FZC received order from Abu Dhabi National Oil Company (ADNOC) for distribution PJSC, UAE.
Heated debate in Parliament over President’s address (02-07-2024)
The Lok Sabha saw a fiery exchange between the ruling BJP and the opposition, particularly over remarks made by Leader of Opposition Rahul Gandhi. BJP MP Anurag Singh Thakur lauded the government’s achievements, including the upliftment of 25 crore people from poverty and the country’s economic growth.
Dollar Index Stays Cautious Ahead Of US Jobs Data; FOMC Minutes (02-07-2024)
The dollar index is staying cautious although well above the 105 mark on Tuesday supported by strong US treasury yields which rose past 4.45% at the start of the second quarter, its highest in three weeks, as markets continued to assess potential fiscal risks in the US economy and the outlook for the Federal Reserves monetary policy. The dollar index is steadying around 105.69 on Tuesday after tumbling to as low as 105.43 in the previous session, finding support from strong Treasury yields. Investors look ahead to the release of the Labor Department’s closely watched monthly jobs report on Friday. Moreover, traders will monitor several other key indicators due this week to assess the economic performance and the monetary policy outlook, including the JOLTS, and the ISM PMI, together with FOMC minutes. Meanwhile, ISM said US manufacturing PMI edged down to 48.5 in June from 48.7 in May, with a reading below 50 indicating contraction.
Westside inaugurates new store in Gurgaon (02-07-2024)
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Adani Ports clocks cargo volume of 37 MMT in June’24 (02-07-2024)
For the quarter ended 30 June 2024, APSEZ clocked 109 MMT of total cargo (+7.5% YoY). The growth in cargo was primarily driven by Containers (+18%) and Liquids & Gas (+11%).
Angel One Ltd leads losers in ‘A’ group (02-07-2024)
Share India Securities Ltd, Ion Exchange (India) Ltd, Max Healthcare Institute Ltd and Century Plyboards (India) Ltd are among the other losers in the BSE’s ‘A’ group today, 02 July 2024.
Banks under pressure; ICICI, IndusInd, BOB, IDFC First down up to 3% (02-07-2024)
ICICI Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and Federal Bank from the private sector and Bank of Baroda PNB and SBI from the public sector slipped in the range of 1 per cent to 3 per cent
Adani Ports June cargo volumes rises 12% YoY (02-07-2024)
Adani Ports and Special Economic Zone (APSEZ) clocked 37 million metric tons (MMT) of cargo volume in June 2024, registering a growth of 12% YoY.
NSE SME Petro Carbon and Chemical surge in upbeat market debut (02-07-2024)
Shares of Petro Carbon and Chemicals were quoting at Rs 315 on the NSE, a premium of 84.21% compared with the issue price of Rs 171.