According to reports, a senior Government official stated that the revision is likely to apply to the next sugar season and not the ongoing one
Posts in category Business Standard
Dr Reddy’s arm inks pact with Ingenus Pharma to market Cyclophosphamide Injection (13-06-2024)
Dr Reddy’s Laboratories said that its wholly owned subsidiary, Dr. Reddy’s USA and Ingenus Pharmaceuticals has entered into license agreement to commercialise Cyclophosphamide Injection RTD in United States (US).
IVP Ltd leads gainers in ‘B’ group (13-06-2024)
DRC Systems India Ltd, Super Spinning Mills Ltd, Selan Explorations Technology Ltd and Kaya Ltd are among the other gainers in the BSE’s ‘B’ group today, 13 June 2024.
US Dollar Index Rebounds As Fed Reassess Interest Rate Path (13-06-2024)
The US dollar regained momentum on Thursday following a setback in the previous session as US inflation showed signs of cooling. US annual core CPI, which excludes volatile food and energy prices, was up 0.2% during the reported month and rose 3.4% on a yearly basis as compared to the 3.6% increase in April and estimates for a reading of 3.5%. The dollar index futures slipped below 104 mark for an interim period post the data but rebounded thereafter after Feds dot plot revealed fewer rate cuts this year. FOMC projected fewer rate cuts this year after keeping interest rates unchanged at the end of a two-day policy meeting. The dollar index futures are currently quoting at $104.41, up 0.19% on the day. Among the basket currencies, EURUSD was down 0.11% at $1.08 and GBPUSD slumped 0.30% on the day at $1.2775.
KIOCL Ltd leads gainers in ‘A’ group (13-06-2024)
Dilip Buildcon Ltd, Shree Renuka Sugars Ltd, Bajaj Hindusthan Sugar Ltd and Home First Finance Company India Ltd are among the other gainers in the BSE’s ‘A’ group today, 13 June 2024.
GPT Infra bags order worth Rs 26 cr (13-06-2024)
The civil construction company announced that it has secured an order worth Rs 26 crore from Transnet Freight Rail, South Africa.
US Stocks End Modestly Higher; Nasdaq, S&P 500 Hit Record Highs (13-06-2024)
US stocks saw some volatility following the Federal Reserve’s monetary policy announcement but still managed to end Wednesday’s trading mostly higher. The Nasdaq led the charge, surging 264.89 points or 1.5 percent to a new record closing high of 17,608.44. The S&P 500 also reached a new record closing high, jumping 45.71 points or 0.9 percent to 5,421.03. Meanwhile, the narrower Dow gave back ground after an early upward move and eventually ended the day down 35.21 points or 0.1 percent at 38,712.21.
Arvind share price jumps 3% after workers call off strike at Santej plant (13-06-2024)
The uptick in share price came after the company announced that the strike at Santej plant by workers demanding wage hike has been called off
Power Mech Projects shares gain 10% post block deal worth Rs 131 cr (13-06-2024)
Power Mech Projects stock price zoomed 9.68 per cent at Rs 5379.95 per share on the BSE in Thursday’s intraday trade
Sobha hits record high as board OKs Rs 2,000-cr rights issue at Rs 1,651/share (13-06-2024)
Sobha advanced 5.02% to 2,167.45 after its board approved issue of up to 1.21 crore partly paid-up equity shares at a price of Rs 1,651 per rights equity share, for an aggregate amount not exceeding Rs 2,000 crore.