Union Bank of India said that its board of directors, at the meeting held today (11 June, 2024) has approved a proposal to raise funds aggregating to Rs 10,000 crore.
Posts in category Business Standard
Union Bank of India board OKs raising Rs 10,000 crore capital via equity and debt issue (11-06-2024)
INR Lingers Near Record Lows On Muted Equities; Dollar Strength Overseas (11-06-2024)
The Indian rupee settled for the day lower by 6 paise at 83.56 (provisional) against the US dollar on Tuesday, near its record low levels, weighed down by a muted trend in domestic equities and the strength of the American currency in overseas markets. The benchmark S&P BSE Sensex ended the session down 33.49 points, or 0.04 percent, at 76,456.59 while the broader NSE Nifty index edged up 5.65 points, or 0.02 percent, to 23,264.85. Moreover, strength in the US dollar due to increased demand from oil importers and stronger-than-expected economic data from the US continued to keep rupee under pressure. Moreover, elevated crude oil prices also weighed on the local unit. At the interbank foreign exchange, the local unit opened at 83.49 and saw an intra-day low of 83.58 and finally settled for the day lower by 6 paise at 83.56 (provisional) against the American currency. Investors await Wednesday’s U.S. consumer price data and the Federal Reserve interest-rate decision for directional
Japan Nikkei extends gain on Tuesday (11-06-2024)
However, market gains capped as a wait-and-see mood prevailed ahead of meetings later in the week of the U.S. and Japanese central banks
Quick Wrap: Nifty Media Index rises 1.75% (11-06-2024)
Powered by Capital Market – Live News
Sensex, Nifty end sideways; media shares rally; VIX slumps 9.95% (11-06-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, was down 33.49 points or 0.04% to 76,456.59. The Nifty 50 index rose 5.65 points or 0.02% to 23,264.85.
Singapore Exchange Market falls 0.39% on US rate concerns (11-06-2024)
At closing bell, the Straits Times Index (STI) index was down 12.87 points, or 0.39% to 3,309.21 after trading between 3,303.24 and 3,332.60. Across the broader market, decliners outpaced advancers 332 to 257, with 1.45 billion securities worth S$1.14 billion changed hands.
British Pound Subdued On Rising UK Unemployment (11-06-2024)
The British pound is staying subdued against the dollar on Tuesday after labor data showed number of people in work in the United Kingdom dropped by 140 thousand in the three months to April 2024, easing from a 177 thousand decline in the prior period but more than forecasts of a 100 thousand decrease. ILO Unemployment Rate rose to 4.4% in the three months to April after reporting 4.3% in the previous period, data published by the Office for National Statistics (ONS) showed. Additional details of the report showed that the number of people claiming jobless benefits rose by 50.4K in May, compared with a revised increase of 8.4K reported in April, beating the expected 10.2K increment. UKs pound was trading at $1.2735, almost flat against the dollar. However, dollar index futures standing tall above 105 mark in line with rising US treasury yields also weighed on the British currency. US inflation data and FOMC outcome this week is likely to provide further cues for the currency pair.
Dredging Corp hits the roof after Kolkata Port awards contract worth Rs 2,016 crore (11-06-2024)
Dredging Corporation of India (DCIL) was locked in 10% upper circuit at Rs 1050.75 after the company bagged a five-year contract from Syama Prasad Mookerjee Port Authority (SMPA) (Kolkata Port)worth Rs 2,015.88 crore.
NBCC (India) receives new orders of Rs 878.17 cr (11-06-2024)
NBCC (India) has received new orders aggregating Rs 878.17 crore as detailed below:
Capacite Infra rises as board OKs NCD issue upto Rs 100 cr (11-06-2024)
Capacite Infraprojects gained 1.73% to Rs 323.30 after the company announced that its board has approved fund raising upto Rs 100 crore by issuing non-convertible debentures (NCDs) on private placement basis.