RBI’s MPC has sounded cautious on sticky food inflation, Goldman Sachs said, owing to supply-side disruptions due to the ongoing hot weather conditions in many parts of India
Posts in category Business Standard
US Dollar Index Net Long Position At 11-Week High (27-05-2024)
Large currency market speculators in the US dollar futures continued to increase their net long positions, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net position of 3518 contracts in the data reported through May 21, 2024, its highest level since March 12th. This was a weekly addition of 1083 net long contracts.
Pharma stocks in focus; Astrazeneca, Glenmark, Divi’s, Torrent soar upto 9% (27-05-2024)
Torrent Pharma hits a new high of Rs 2,839.90, surging 9% in the intraday trade after the company reported a strong 56% Y-o-Y jump in Q4 profit
Dr Reddy’s Russian arm inks product distribution agreement with Novartis (27-05-2024)
Dr.Reddy’s Laboratories said that its Russia-based subsidiary Dr. Reddy’s Laboratories LLC has entered into a distribution agreement with Novartis Pharma LLC for sale and distribution of anti-diabetes products – Galvus and Galvus Met in Russia.
Benchmarks turn rangebound; consumer durables gain (27-05-2024)
At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 219.98 points or 0.29% to 75,629.57. The Nifty 50 index added 38.75 points or 0.17% to 22,995.85.
Shyam Metalics & Energy expands rail infra at its steel plant in Odisha (27-05-2024)
Shyam Metalics & Energy announced the expansion of its rail infrastructure at its integrated steel plant located in village Pandloi near Rengali, Sambalpur district, Odisha. This initiative supports the company’s long-term goal of continuous expansion and achieving sustainable growth.
Beacon Trusteeship’s IPO opens on May 28; check price bands, lot size, GMP (27-05-2024)
Beacon Trusteeship’s initial public offering (IPO) is set to open for subscription on Tuesday, May 28, 2024
Glenmark Pharma net loss widens to Rs 1,239 cr in Q4 FY24 (27-05-2024)
Glenmark Pharmaceuticals reported net loss of Rs 1,238.64 crore in Q4 FY24 as compared with net loss of Rs 549.49 crore in Q4 FY23.
Aster DM Healthcare plans Rs 250 cr additional infrastructure expansion for Aster CMI Hospital, Bengaluru (27-05-2024)
Aster DM Healthcare has announced its expansion plan for Aster CMI Hospital, a leading multispecialty hospital in Bengaluru.
Nazara Tech gains as PAT jumps 43% YoY in Q4 FY24 (27-05-2024)
Nazara Technologies rallied 3.33% to Rs 635 after the gaming and sports media company’s consolidated net profit (from continuing operations) increased 43.4% to Rs 17.05 crore in Q4 FY24 from Rs 11.89 crore reported in Q4 FY23.