Posts in category Business Standard
Cochin Malabar Estates & Industries reports standalone net loss of Rs 0.15 crore in the December 2023 quarter (02-02-2024)
Reported sales nil
Alkyl Amines skid as Q3 PAT slides 27% YoY to Rs 33 cr (02-02-2024)
Alkyl Amines Chemicals declined 2.33% to Rs 2,308.15 after the company reported 26.85% decline in net profit to Rs 33.43 crore on 17.07% slide in revenue from operations to Rs 322.05 crore in Q3 FY24 over Q3 FY23.
Sebi mulls revamping nominations framework to reduce unclaimed assets (02-02-2024)
Capital markets regulator Sebi on Friday proposed revamping the nominations framework in a bid to reduce unclaimed assets in the securities market as well as smoothen the process for claiming the assets by surviving successors of the deceased investors.
In its consultation paper, the regulator proposed revisions to nomination facilities for securities such as shares, bonds, units of REITs (Real Estate Investment Trusts), InvITs (Infrastructure Investment Trusts), AIFs (Alternative Investment Funds) and other securities held in dematerialized form and for units of mutual fund schemes that are expressed in a statement of account.
This will address the objective of providing convenience to investors and uniformity in the procedures to institutions.
Such revamped nomination facilities will operate without affecting the prevalent systems of law governing transmission and succession -- rule of survivorship in case of joint holdings, when a person has died leaving a Will; and when a perso
Nifty February futures trade at premium (02-02-2024)
State Bank of India, Reliance Industries and HDFC Bank were the top traded contracts
Torrent Pharma Q3 PAT jumps 52% YoY to Rs 443 cr (02-02-2024)
Torrent Pharmaceuticals consolidated net profit surged 51.71% to Rs 443 crore in Q3 FY24 as compared with Rs 292 crore in Q3 FY23.
Euro Recovers From One And Half Month Low Against Dollar (02-02-2024)
Euro recovered against the dollar alongside other major pairs owing to slight pull back in the dollar index ahead of much awaited non-farms data. The greenback also followed benchmark US Treasury bond yields lower. The 10-year benchmark bond yields are trading below 4% while dollar index has also given up recent highs and are currently quoting at 102.82. EURUSD is trading at $1.0905, and coming off a one and half month low seen earlier this week. Data yesterday showed euro area manufacturing downturn slowed in January on softer decreases in factory output and new orders. The HCOB manufacturing Purchasing Managers' Index rose to 46.6 in January from 44.4 in December. This was the highest reading in ten months. Meanwhile, EURINR on NSE futures have also recorded good rebound and are quoting at 90.38, up 0.63% on the day.
China Shanghai Composite tumbles 1.46% (02-02-2024)
At close of trade, the benchmark Shanghai Composite index stumbled 1.46%, or 40.59 points, to 2,730.15. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 3%, or 46.05 points, to 1,491.70. The blue-chip CSI300 index declined 1.18%, or 38.08 points, to 3,179.63.
Hong Kong Market falls 0.21% (02-02-2024)
At closing bell, the benchmark Hang Seng Index declined 32.65 points, or 0.21%, to 15,533.56. The Hang Seng China Enterprises Index dropped 4.49 points, or 0.09%, to 5,218.99. For the week, Hang Seng Index fell 2.6%.
Sensex jumps 441 pts; Nifty closes above 21,850 (02-02-2024)
The benchmark indices ended with significant gains on Friday. The Nifty closed above 21,850 level. The barometer index, the S&P BSE Sensex gained 440.33 points or 0.61% to 72,085.63. The Nifty 50 index added 156.35 points or 0.72% to 21,853.80.