The dollar gained ground against a basket of world currencies, while the euro saw its largest Friday-to-Friday drop against the dollar in two months
Posts in category Business Standard
S&P 500 ends lower, European stocks wrap up biggest weekly loss of year (15-06-2024)
The dollar gained ground against a basket of world currencies, while the euro saw its largest Friday-to-Friday drop against the dollar in two months
Consecutive Investments & Trading Co standalone net profit declines 43.75% in the March 2024 quarter (15-06-2024)
Reported sales nil
Consecutive Investments & Trading Co standalone net profit declines 43.75% in the March 2024 quarter (15-06-2024)
Reported sales nil
Abrdn Plc favours Chinese and Indian stocks on policy boost hopes (14-06-2024)
Choosing the right allocations for Asia’s three biggest economies has become a key determinant of investment returns in the region
Marshall Wace sells shares of One97 Comm, Shriram Finance for Rs 419 crore (14-06-2024)
UK-based hedge fund Marshall Wace on Friday sold shares of One97 Communications and Shriram Finance for a combined value of Rs 419 crore through open market transactions.
Marshall Wace, through its arm Marshall Wace Investment Strategies – Eureka Fund, offloaded shares of One97 Communications, owner of Paytm brand, and Shriram Finance Ltd through separate block deals on the National Stock Exchange (NSE).
As per the data on the NSE, Marshall Wace Investment Strategies – Eureka Fund sold
5.85 lakh shares of One97 Communications at an average price of Rs 428.05 apiece.
In addition, Marshall Wace Investment Strategies – Eureka Fund also disposed of over 14.67 lakh shares of Shriram Finance at an average price of Rs 2,684.30 per piece.
This took the combined transaction value to Rs 419.09 crore.
Meanwhile, Paris-based financial services firm BNP Paribas, through its affiliate BNP Paribas Financial Markets purchased shares of One97 Communication and Shriram Finance Ltd at the same pric
India reclaims fourth-biggest global equity market tag from Hong Kong (14-06-2024)
India surpassed Hong Kong’s market value for the first time in January. Since their market value has crisscrossed with each other a few times.
Mutual fund scheme launches to pick up pace as markets stabilise (14-06-2024)
In the past fortnight, fund houses have approached Sebi for 20 NFO approvals
Minda Corporation signs joint venture agreement with Taiwan based – Hsin Ching Machinery Works (14-06-2024)
Minda Corporation signed a joint venture agreement with HSIN Chong Machinery Works Co. (HCMF) from Taiwan, a leading global manufacturer of Automotive Sunroof and Closure systems. This partnership is a 50:50 Joint venture between Minda Corporation and HCMF, aims to provide cutting edge technology backed by state-of-the-art manufacturing of sunroof and closure technology products for passenger cars by localisation in India.
Voltamp Transformers director resigns (14-06-2024)
With effect from 14 June 2024