Posts in category Business Standard
Jai Mata Glass reports standalone net profit of Rs 0.01 crore in the December 2023 quarter (08-02-2024)
Reported sales nil
INR Settles Flat After RBI Policy Keeps Rates Untouched For Sixth Time In A Row (08-02-2024)
The Indian rupee settled on a flat note at 82.96 (provisional) against the US dollar on Thursday, after the Reserve Bank decided to keep the key policy rate unchanged for the sixth time in a row to maintain a tight vigil on inflation. Negative trend in domestic equities also weighed on investor sentiments. The benchmark S&P BSE Sensex fell 723.57 points, or 1.0 percent to 71,428.43 while the broader NSE Nifty index dropped 212.55 points, or 0.97 percent, to 21,717.95. Meanwhile, dollar staying around 104 mark also kept sentiments dented for the local unit. At the interbank foreign exchange, the rupee opened at 82.94 against the dollar and moved in a narrow range and settled for the day at 82.96 against the American currency, as the central bank retained the repo rate at 6.5 pc for the sixth consecutive time.
Precision Wires gains after PAT rises 19% YoY in Q3 (08-02-2024)
Precision Wires India rose 3.06% to Rs 143 after company's net profit increased 19.22% to Rs 18.05 crore on 14.45% rise in revenue from operations to Rs 799.51 crore in Q3 FY23 over Q3 FY22.
Nifty February futures trade at premium (08-02-2024)
SBI, HDFC Bank and ICICI Bank were the top traded contracts.
Oil rises 0.72% to $79 a barrel on Gaza ceasefire rejection, US stock data (08-02-2024)
Brent crude futures rose 57 cents, or 0.72%, to $79.78 a barrel by 1043 GMT. U.S. West Texas Intermediate crude futures were up 47 cents, or 0.64%, at $74.33
Rupee settles on flat note at 82.96 after RBI monetary policy decision (08-02-2024)
The rupee settled on a flat note at 82.96 (provisional) against the US dollar on Thursday, after the Reserve Bank decided to keep the key policy rate unchanged for the sixth time in a row to maintain a tight vigil on inflation.
Forex traders said a negative trend in domestic equities weighed on investor sentiments.
At the interbank foreign exchange, the rupee opened at 82.94 against the dollar and moved in a narrow range and settled for the day at 82.96 against the American currency, as the central bank retained the repo rate at 6.5 pc for the sixth consecutive time.
During the day, the rupee touched an intraday high of 82.89 and a low of 83 against the US dollar.
On Wednesday, the rupee appreciated 9 paise to close at 82.96 against the dollar.
The Indian rupee remained flat as RBI maintained status quo in its monetary policy for the sixth consecutive time and left Repo Rate unchanged at 6.5 per cent, in line with street expectations.
The central bank revised FY24 GDP projections
Hong Kong Market ends 1.27% down (08-02-2024)
At closing bell, the benchmark Hang Seng Index dropped 203.82 points, or 1.27%, to 15,878.07. The Hang Seng China Enterprises Index fell 61.45 points, or 1.13%, to 5,360.08.
Apollo Hospitals Q3 PAT climbs 60% YoY to Rs 245 cr (08-02-2024)
Apollo Hospitals Enterprise reported consolidated net profit of Rs 245.3 crore in Q3 FY24, registering a growth of 59.8% as compared from Rs 153.5 crore posted in Q3 FY23.
Escorts Kubota Q3 PAT climbs 49% YoY to Rs 277 cr (08-02-2024)
The tractor maker's standalone net profit soared 48.75% to Rs 277.27 crore in Q3 FY24 as compared with Rs 186.40 crore posted in Q3 FY23.
BoI MF aims to raise Rs 500 cr from multi-asset allocation fund in NFO (08-02-2024)
Bank of India Mutual Fund is targeting to garner at least Rs 500 crore through its newly launched multi-asset allocation fund during the primary subscription period.
The new fund offer (NFO) of Bank of India Multi Asset Allocation Fund, which opened for subscription on February 7, will close on February 21.
The new scheme is designed for investors who are seeking low volatility in their portfolio and exposure to multiple asset classes -- equity, debt and gold -- with better returns.
On the fundraising target, Mohit Bhatia, CEO of Bank of India Investment Managers Private Ltd, told PTI, "We have kept an internal target of at least Rs 500 crore collections across our distribution channels during the NFO period."
He said that the new scheme is aiming to capture the positives of the three asset classes.
"The structural outlook on Indian equities continues to be quite good over the long term. Further, the general outlook on global and domestic interest rates seems to point to a likelih