Defy the odds, with Nifty Smallcap 100 gaining 0.75%
Posts in category Business Standard
Zee removed from F&O; FPIs up holdings in 7 Adani group companies (16-04-2024)
Adani Ports & SEZ has seen the highest increase at 26 basis points (bps) to 14.98 per cent followed by Adani Wilmar and Adani Green at 12 bps each
TVS SCS North America achieves Deere & Company’s highest supplier rating (16-04-2024)
Suppliers who participate in the ‘Achieving Excellence program’ are evaluated annually in several key performance categories, including quality, delivery, process alignment, value creation, and relationship. John Deere Supply Management created the program in 1991 to provide a supplier evaluation and feedback process that promotes continuous improvement.
Happiest Minds Technologies develops GenAI chatbot ‘hAPPI’ (16-04-2024)
A groundbreaking Generative AI-powered chatbot, poised to redefine the way individuals engage in health and wellness knowledge conversations, hAppI represents a significant advancement in providing personalized and informative interactions for users in the healthcare domain.
Wardwizard Innovations & Mobility dispatches 3,800 EVs in March’24 (16-04-2024)
Led by strong demand for its EV products and the rapid expansion of distributor showrooms nationwide, the company sold over 26,000 units (26,996) of electric vehicles, including two-wheelers and three-wheelers, in the fiscal year (April’23- March’24). Throughout the year, the
company inaugurated more than 150 distributor showrooms and intends to further expand its distribution network in FY25, aiming to make EVs accessible to everyone.
Mumbai Travel Retail incorporates JV named – King Power Ospree (16-04-2024)
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Board of Indian Overseas Bank to consider capital raising plan for FY2025 (16-04-2024)
On 22 April 2024
Gold, silver prices hit peaks on global cues amid tensions in West Asia (16-04-2024)
Extending gains for the second day in a row, gold and silver prices hit fresh all-time high levels on Tuesday, tracking strong trends in the international markets amid fears of escalating tensions in the Middle East.
According to HDFC Securities, gold prices zoomed Rs 700 to hit its lifetime high of Rs 73,750 per 10 grams in the national capital on Tuesday.
It had closed at Rs 73,050 per 10 grams on Monday.
Similarly, silver price jumped Rs 800 to hit a record high of Rs 86,500 per kg.
“Spot gold prices (24 carats) in the Delhi markets are trading at a new record high of Rs 73,750 per 10 grams, up by Rs 700, taking positive cues from overseas markets,” Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said.
In the global markets, spot gold at Comex was trading at USD 2,370 per ounce, up by USD 15 from the previous close.
Gold rose as demand for the haven asset grew amid fears of escalating tensions in the Middle East following Iran’s unprecedented attack on Israel la
Equity investors’ wealth tumbles by Rs 7.93 trillion in three days (16-04-2024)
Investors’ wealth tumbled Rs 7.93 lakh crore in three days of market crash amid escalating tensions in the Middle East and weak global trends.
Continuing its downtrend for the third day running on Tuesday, the 30-share BSE Sensex tanked 456.10 points or 0.62 per cent to settle at 72,943.68. During the day, it slumped 714.75 points or 0.97 per cent to 72,685.03.
The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days.
In the past three days, the BSE benchmark tanked 2,094.47 points or 2.79 per cent.
“Markets extended their losing streak for a third straight session on the back of weak global cues as a sharp rise in US bond yields due to rising Middle East tensions has made equity markets less attractive and prompted investors to resort to profit-taking.
“Investors are fearing that the ongoing conflict could fuel buoyancy in crude oil prices and in turn weigh on inflation,” Prashanth Tapse, Se
India likely to receive above normal rainfall during south west monsoon (16-04-2024)
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