Posts in category Business Standard
Exide Industries invests further Rs 75 cr in Exide Energy Solutions (12-06-2024)
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Basant India standalone net profit declines 30.77% in the March 2024 quarter (12-06-2024)
Sales rise 4.23% to Rs 0.74 crore
Uttaranchal Leasing standalone net profit rises 23.53% in the March 2024 quarter (12-06-2024)
Sales decline 7.32% to Rs 1.14 crore
KCL consolidated net profit rises 167.14% in the March 2024 quarter (12-06-2024)
Sales rise 4.71% to Rs 110.02 crore
Brigade Group launches premium mixed-use development project ‘Brigade Icon’ in Chennai (12-06-2024)
Brigade Group announced the launch of Brigade Icon Residences, part of an exquisite high-end mixed-use development located in the heart of Chennai's historic Mount Road. The company has planned an investment of over Rs 8,000 crore by 2030 in Chennai to expand its business in the city, with a strong pipeline of projects across the spectrum of residential, office, retail and hospitality for over 15 mn. sqft. The Gross Development Value (GDV) of the Residential Projects alone is estimated to be over Rs 13,000 crore.
Gujarat Fluorochemicals announces incorporation of step-down subsidiary in Oman (12-06-2024)
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India’s industrial output grows 5% in April (12-06-2024)
India's industrial production grew 5% in April this year mainly due to good show by mining and power sectors, according to official data released on Wednesday. The factory output measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 4.6% in April 2023. The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of April 2024 over April 2023 are 6.7 percent, 3.9 percent and 10.2 percent respectively.
Ixigo IPO subscribed 98.10 times (12-06-2024)
The offer received bids for 429.36 crore shares as against 4.37 crore shares on offer.
Nifty hits record high, ends above 23,300, banks climb (12-06-2024)
Domestic stocks rose on Wednesday, led by gains in banks and financial stocks. The Nifty 50 settled above the 23,300 mark. All eyes now turn to US inflation data and the Federal Reserve meeting outcome, both slated today, which could steer the direction of global markets.
INR Edges Higher Amid Positive Equities (12-06-2024)
The Indian rupee appreciated 3 paise to close at 83.56 (provisional) against the US dollar on Wednesday, on positive domestic market, wherein benchmark sensitive index Nifty touched a fresh all-time high. The benchmark 30-share BSE Sensex hit high of 77,050 before closing up 149.98 points, or 0.20 percent, at 76,606.57. The broader NSE Nifty index hit a fresh record high at 23,442 before settling at 23,322.95, up 58.10 points, or 0.25 percent, from its previous close. A slight pull back in dollar strength ahead of crucial set of data also supported the local unit although elevated crude oil prices weighed on the local unit and restricted the upmove. Meanwhile, investors await the release of U.S. inflation data as well as the Federal Reserve's rate decision later in the day for additional clues on the Fed's rate trajectory. On the domestic front, industrial output and inflation data are due out later in the day.