Expects growing power demand, government’s renewable push to generate value for investors
Posts in category Business Standard
Vraj Iron and Steel IPO subscribed 119.04 times (28-06-2024)
The offer received bids for 73.07 crore shares as against 61.38 lakh shares on offer.
Allied Blenders and Distillers IPO ends with good subscription (28-06-2024)
The offer received bids for 92.71 crore shares as against 3.93 crore shares on offer.
Bulls take a breather: Indices cool after 4-day streak (28-06-2024)
Domestic equity benchmarks gave back some early gains today, ending with small losses after a four-day winning streak. Profit taking in private and financial stocks weighed on the market, while oil & gas, healthcare and PSU banks bucked the trend. High valuations remain a concern for some traders.
India’s Fiscal Deficit In Apr-May At 3% Of FY25 Target (28-06-2024)
The revenue receipts, however, exceeded the expenditure, resulting in a surplus of Rs 90,923 crore, the CGA data showed. Higher tax revenue and the RBI dividend have kept the revenue receipts at 19 per cent of the budgeted estimates for April-May FY25 period, compared to around 15 per cent in the corresponding period last year.
India’s Eight Core Industries Index Rises 6.3% In May (28-06-2024)
The ICI measures the combined and individual performance of production of eight core industries viz. Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel. The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
Australian Markets Inch Up Flat (28-06-2024)
Suncorp rose 3.6 percent after Federal Treasurer Jim Chalmers gave the go-ahead to ANZ to acquire its banking arm. Nine Entertainment rose 1.1 percent after an announcement that the trouble-plagued media firm will cut up to 200 jobs.
Japanese Markets Reverse Previous Losses (28-06-2024)
Gold was marginally lower in Asian trading, while oil extended gains for a third day and was poised for a third straight weekly jump as rising Middle East tensions stoked worries about global supply disruptions.
Giriraj Civil Developers rallies on securing order worth Rs 181 crore (28-06-2024)
Giriraj Civil Developers jumped 4.76% to Rs 385 after it bagged an EPC contract from North Central Railway, Gwalior worth Rs 181.45 crore.
Nifty July futures trade at premium (28-06-2024)
The NSE’s India VIX slipped 3.28% to 13.69.