Posts in category Business Standard
Sensex tanks 723 pts, Nifty ends below 21,750; private banks drag (08-02-2024)
The domestic equity market experienced deep losses on Thursday, ending a two-day gaining streak. The Nifty50 closed below the 21,750 mark after reaching a high of 22,011.05 earlier in the day. Private banks and heavyweights like ITC saw steep selloff. The volatility was triggered by the Reserve Bank of India's decision to maintain key interest rates, putting pressure on interest rate-sensitive sectors such as banks, financial services, and autos. Uncertainty surrounding potential interest rate reduction weighed on sentiment. However, some losses were offset by strength in IT and oil & gas stocks.
Board of Page Industries approves change in directorate (08-02-2024)
At meeting held on 08 February 2024
S&P Global Ratings revises credit ratings of UPL (08-02-2024)
Issuer Credit Rating - BB (revised from BB+)
Senior Unsecured Notes - BB (revised from BB+)
Subordinated Securities - B+ (revised from BB-)
Centre revises Wheat stock limit for Traders/ Wholesalers, Big Chain Retailers and Processors (08-02-2024)
Ministry of Consumer Affairs, Food & Public Distribution stated in a latest update that in order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India imposed stock limits on Wheat applicable to Traders/Wholesalers, Retailers, Big Chain Retailers and Processors in all States and Union Territories. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2023 was issued on 12 June 2023 and is applicable until 31st March 2024 for all States and Union Territories.
Rashi Peripherals IPO subscribed 3.19 times (08-02-2024)
The offer received bids for 4.53 crore shares as against 1.42 crore shares on offer.
Apeejay Surrendra Park Hotels IPO ends with strong subscribption (08-02-2024)
The offer received bids for 207.38 crore shares as against 3.47 crore shares on offer.
Rail Vikas Nigam consolidated net profit declines 6.24% in the December 2023 quarter (08-02-2024)
Sales decline 6.44% to Rs 4689.33 crore
RDB Realty & Infrastructure consolidated net profit declines 36.91% in the December 2023 quarter (08-02-2024)
Sales decline 49.58% to Rs 16.21 crore
Tamboli Industries consolidated net profit declines 36.80% in the December 2023 quarter (08-02-2024)
Sales decline 13.92% to Rs 19.66 crore
Healthcare Global Enterprises consolidated net profit declines 24.40% in the December 2023 quarter (08-02-2024)
Sales rise 10.62% to Rs 468.95 crore