Posts in category Business Standard
G E Shipping inks deal to acquire medium range product tanker (14-02-2024)
Great Eastern Shipping Company said that it has contracted to buy a Medium Range product tanker of about 49,999 deadweight tonnage.
Wholesale Price Inflation Rises 0.27% On Year In January, Records Monthly Decline (14-02-2024)
The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 0.27% (Provisional) for the month of January, 2024 (over January, 2023), according to data from Ministry of Commerce & Industry today. The inflation stood at 0.73% in December. Positive rate of inflation in January, 2024 is primarily due to increase in prices of food articles, machinery & equipment, other manufacturing, minerals, other transport equipment etc. The month over month change in WPI index for the month of January, 2024 stood at -0.33 % as compared to December, 2023.
US stocks slump on elevated CPI data, DOW loses 1.4% (14-02-2024)
The US stocks slumped yesterday, falling after recent surge as traders looked at the interest rate narrative in a different manner following a higher-than-expected consumer inflation reading. The surge in prices pushed back market expectations of imminent interest rate cuts, driving US Treasury yields higher. US Consumer Price Index rose by 3.1% for the 12 months ended in January, according to Bureau of Labor Statistics data released Tuesday. That marks a step back from December's 3.4% rate and a dramatic cooling from the 6.4% increase seen in January 2023.
EKI arm inaugurates state-of-the-art Biomass Briquettes plant at Nashik (14-02-2024)
GHG Reduction Technologies, a subsidiary of EKI Energy Services, announced the inauguration of its state-of-the-art Biomass Briquettes (Biocoal) manufacturing plant in Dindori, Nashik, Maharashtra. The inauguration ceremony marked a significant milestone in GHG Reduction Technology's ongoing commitment towards clean energy transitions and mitigating global warming.
Reliance Infrastructure Ltd leads gainers in ‘A’ group (14-02-2024)
Dilip Buildcon Ltd, Indoco Remedies Ltd, Jyothy Labs Ltd and Elgi Equipments Ltd are among the other gainers in the BSE's 'A' group today, 14 February 2024.
INR eases after acceleration in US inflation (14-02-2024)
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Adani Green Energy operationalizes 551 MW solar capacity at Khavda, Gujarat (14-02-2024)
AGEL achieved this milestone within 12 months of commencing work on the Khavda RE park, starting with the development of basic infrastructure, including roads and connectivity, and creating a self-sustaining social ecosystem. AGEL also transformed the challenging and barren terrain of the Rann of Kutch into a habitable environment for its
8,000-strong workforce.
Garden Reach Shipbuilders rises after decent Q3 performance (14-02-2024)
Garden Reach Shipbuilders & Engineers added 1.94% to Rs 813.95 after the company posted 38.1% rise in net profit to Rs 88.25 crore in Q3 FY24 from Rs 63.92 crore in Q3 FY23.
Genesis IBRC India reports standalone net loss of Rs 0.02 crore in the December 2023 quarter (14-02-2024)
Reported sales nil
Country Condo’s standalone net profit rises 68.75% in the December 2023 quarter (14-02-2024)
Sales rise 37.75% to Rs 6.13 crore