Posts in category Business Standard
UK Pound Extending Downside Against Dollar; US CPI Eyed (13-02-2024)
UK pound is extending downside against the dollar on Tuesday as the greenback is staying upbeat ahead of US inflation data later in the global day that would provide further clarity on Federal course of action. GBPUSD is currently quoting at $1.2619, marginally down on the day. Bank of England Governor Andrew Bailey reportedly said on Monday it was not too important whether official data due this week shows the economy shrank in the final quarter of last year and entered a shallow 'technical' recession. On the domestic docket, UK is slated to release Claimant count change that could determine labor market situation in the region. On the NSE, GBPINR futures are seen choppy at 104.80.
JSW Steel forms JV with JFE Steel Corporation, Japan (13-02-2024)
For production of Grain Oriented Electrical Steel in India
Tamil Nadu minister Senthil Balaji resigns following rejection of bail plea (13-02-2024)
Balaji's arrest is reportedly linked to a cash-for-jobs scam during his tenure as the transport minister from 2011 to 2015. Despite his legal troubles, Chief Minister Stalin had previously retained him in the cabinet without a portfolio, assigning his duties to other senior ministers. The resignation precedes the scheduled review of his bail plea by the Madras High Court.
Kalyani Investment Company standalone net profit declines 75.97% in the December 2023 quarter (13-02-2024)
Sales decline 65.31% to Rs 4.36 crore
BNR Udyog standalone net profit declines 78.26% in the December 2023 quarter (13-02-2024)
Sales decline 43.24% to Rs 0.84 crore
Oriental Aromatics consolidated net profit declines 31.32% in the December 2023 quarter (13-02-2024)
Sales decline 1.01% to Rs 197.41 crore
Meenakshi Steel Industries consolidated net profit declines 72.45% in the December 2023 quarter (13-02-2024)
Sales decline 36.48% to Rs 5.31 crore
Steel Authority of India consolidated net profit declines 22.00% in the December 2023 quarter (13-02-2024)
Sales decline 6.76% to Rs 23348.64 crore
Nimbus Projects reports consolidated net loss of Rs 3.14 crore in the December 2023 quarter (13-02-2024)
Sales decline 98.40% to Rs 0.02 crore
Almondz Global Securities consolidated net profit rises 388.67% in the December 2023 quarter (13-02-2024)
Sales rise 58.91% to Rs 30.13 crore