Posts in category Business Standard
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.
JBM Auto Ltd leads losers in ‘A’ group (07-06-2024)
Jaiprakash Associates Ltd, RattanIndia Power Ltd, Finolex Cables Ltd and Gokaldas Exports Ltd are among the other losers in the BSE's 'A' group today, 07 June 2024.
Elgi Equipments updates on proposed divestment of stake held in JV G3 Industrial Solutions LLC, USA (07-06-2024)
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Abans Holdings Ltd leads losers in ‘B’ group (07-06-2024)
UR Sugar Industries Ltd, Control Print Ltd, DDev Plastiks Industries Ltd and TruCap Finance Ltd are among the other losers in the BSE's 'B' group today, 07 June 2024.
Dalmia Bharat gains after CRISIL affirms ‘AA+’ rating with ‘stable’ outlook (07-06-2024)
Dalmia Bharat (DBL) advanced 2.72% to Rs 1818.35 after CRISIL Ratings has reaffirmed its 'CRISIL AA+/Stable/CRISIL A1+' ratings on the bank facilities of the company.