Posts in category Business Standard
EURUSD Steadies Near 3-Month Low; Current disinflationary process expected to continue, Says Lagarde (15-02-2024)
EURUSD is seen mildly recovering near a three-month low on Thursday amid small pullback in dollar index. However, greenback hovering near recent highs is keeping the pair under pressure. EURUSD is quoting at $1.0746. The dollar index which measures the value of the USD relative to a basket of global currencies, retraces from a three-month high of nearly the 105.00 mark and hovers around 104.54. The US Treasury yields edge lower, with the 10-year yield standing at 4.22%. Christine Lagarde, the President of the European Central Bank (ECB), stated that recent data indicates ongoing subdued economic activity in the near term. The current disinflationary process is expected to continue, but the Governing Council needs to be confident that it will lead us sustainably to our 2% target, she added. We will continue to follow a data-dependent approach to determining the appropriate level and duration of restriction, taking into account the inflation outlook, the dynamics of underlying ...
Juniper Hotels’ Rs 1,800 crore IPO to open on for bidding on February 21 (15-02-2024)
Juniper Hotels Ltd, which runs hotels under the "Hyatt" brand, on Thursday fixed a price band of Rs 342-360 per share for its Rs 1,800-crore initial public offering (IPO).
The maiden public issue will open for subscription on February 21 and close on February 23, the company said in a statement.
The IPO is entirely a fresh issue of equity shares worth Rs 1,800 crore with no Offer For Sale (OFS) component.
Of the total proceeds, funds to the tune of Rs 1,500 crore will be utilised for payment of debt availed by the company and subsidiaries -- Chartered Hotels Private Limited and Chartered Hampi Hotels Private Limited.
Besides, a portion will be used for general corporate purposes. Juniper Hotels is promoted by Saraf Hotels Ltd and its affiliate-- Juniper Investments Ltd-- and Two Seas Holdings Ltd, an indirect subsidiary of a global hospitality company Hyatt Hotels Corporation.
The hospitality firm has a portfolio of seven hotels and serviced apartments and operates 1,836 keys ac
Hinduja Global Solutions consolidated net profit declines 80.08% in the December 2023 quarter (15-02-2024)
Sales rise 7.56% to Rs 1203.67 crore
Solara Active Pharma Sciences reports consolidated net loss of Rs 275.34 crore in the December 2023 quarter (15-02-2024)
Sales decline 36.99% to Rs 248.73 crore
Loyal Textile Mills reports consolidated net loss of Rs 2.18 crore in the December 2023 quarter (15-02-2024)
Sales decline 28.41% to Rs 204.17 crore
Kohinoor Foods reports consolidated net loss of Rs 0.39 crore in the December 2023 quarter (15-02-2024)
Sales rise 38.43% to Rs 23.27 crore
NMDC consolidated net profit rises 62.65% in the December 2023 quarter (15-02-2024)
Sales rise 45.43% to Rs 5409.90 crore
Swojas Energy Foods standalone net profit rises 50.00% in the December 2023 quarter (15-02-2024)
Reported sales nil
MV Cotspin reports standalone net loss of Rs 0.29 crore in the December 2023 quarter (15-02-2024)
Sales decline 76.77% to Rs 0.72 crore
Barclays Investments & Loans (India) reports standalone net profit of Rs 4.23 crore in the December 2023 quarter (15-02-2024)
Sales rise 8.67% to Rs 69.67 crore