Posts in category Business Standard
Ritz Mercantile standalone net profit declines 37.50% in the March 2024 quarter (07-06-2024)
Reported sales nil
Crude oil pares weekly loss as Opec+ says it can cancel supply hike (07-06-2024)
Brent crude futures were trading near $80 a barrel, rebounding from the four-month low struck on Monday after Saudi Arabia and its partners outlined planes to gradually resume production
INR Settles Higher Amid Firm Trend In Equities And RBI Policy (07-06-2024)
The Indian rupee appreciated 14 paise to 83.39 (provisional) against the US dollar on Friday, in line with a firm trend in domestic equity markets after the Reserve Bank kept the key policy rate unchanged. Local equities posted strong gains as RBI left the repo rate unchanged at 6.5 percent in its second meeting of FY25 while raising its GDP growth projection to 7.2 percent for 2024-25 from 7 percent earlier. The BSE Sensex surged to a record peak of 76,795.31 before ending the session up 1,618.85 points, or 2.16 percent, at 76,693.36. The broader NSE Nifty index closed at 23,290.15, up 468.75 points, or 2.05 percent, from its previous close. Meanwhile, weakness in the American currency against major crosses overseas and lower crude prices in international markets also supported the local currency. However, foreign fund outflows restricted the upward movement in the rupee.
CRISIL assigns ‘A+’ rating to credit facilities of Share India Securities (07-06-2024)
Share India Securities said that CRISIL Ratings has assigned its 'CRISIL A+/Stable/CRISIL A1+' ratings to the bank loan facilities of the company.
Pricing challenge in US biz, rich valuations may weigh on pharma stocks (07-06-2024)
Among individual players, Aurobindo Pharma, Dr Reddys Labs, and Zydus Lifesciences sourced 48 per cent, 47 per cent, and 46 per cent of their total revenues from the US generics segment, respectively
BSE denies tech glitch; bank payment lag delayed MF NAV on poll results day (07-06-2024)
Leading stock exchange BSE on Friday said lag in receiving payments from banks led to delay in assigning NAV to investors who bought mutual funds on June 4 and there was no technical glitch at its end.
Many investors had complained on social media for failing to square off their positions.
Several investors purchased their mutual funds before the cut-off time, although they were assigned the Net Asset Value (NAV), which determines the fund's value for June 5 instead of June 4. This resulted in substantial financial losses to such investors.
"It is hereby clarified that there was no technical glitch at BSE Clearing House (ICCL) on June 4th. Prima Facie, there was a lag in receiving details of credit /payments from payments aggregator(s) / bank(s) for few customers which led to the delayed NAV," BSE said in a statement.
The clarification came after several broking platforms alleged BSE for a glitch in the mutual fund system of the exchange on June 4, which led the orders to go throug
Nifty June futures trade at premium (07-06-2024)
Infosys, Reliance Industries and HDFC Bank were the top traded contracts.
Sensex soars 1,619 pts; Nifty ends above 23,250; Wipro jumps over 5% (07-06-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex was surged 1,618.85 points or 2.16% to 76,693.36. The Nifty 50 index jumped 468.75 points or 2.05% to 23,290.15.
Sensex soars 1,619 pts, hits record high; Nifty settles at 23,290 (07-06-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex was surged 1,618.85 points or 2.16% to 76,693.36. The Nifty 50 index jumped 468.75 points or 2.05% to 23,290.15.
G R Infra arm gets appointed date for Rs 1,227-cr project in UP (07-06-2024)
G R Devinagar Kasganj Highway, a wholly owned subsidiary of G R Infraprojects received a letter dated 6 June 2024 from the National Highways Authority of India (NHAI) declaring appointed date for the project worth Rs 1,226.87 crore.