Record inflows keep bond, currency market steady
Posts in category Business Standard
Government orders mandatory declaration of stock position of wheat (29-03-2024)
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Astra Microwave bags order worth Rs 385 cr (29-03-2024)
Astra Microwave Products said that it has received orders worth Rs 385.58 crore from Bharat Electronics, Ghaziabad for supply of MPR sub systems.
FPIs make remarkable comeback; infuse Rs 2 trillion in equities in FY24 (29-03-2024)
Foreign investors made a strong return by injecting more than Rs 2 lakh crore into Indian equities in 2023-24, driven by optimism surrounding the country’s robust economic fundamentals amidst a challenging global environment.
Looking forward to 2025, Bharat Dhawan, Managing Partner at Mazars in India, said that the outlook is cautiously optimistic and anticipates sustained FPI inflows supported by progressive policy reforms, economic stability, and attractive investment avenues.
“However, we remain mindful of global geopolitical influences that may introduce intermittent volatility, emphasising the importance of strategic planning and agility in navigating market fluctuations,” he added.
The outlook for FY25 from an FPI perspective, continues to remain strong, Naveen KR, smallcase Manager and Senior Director at Windmill Capital, said.
In the current fiscal 2023-34, Foreign Portfolio Investors (FPIs) have made a net investment of around Rs 2.08 lakh crore in the Indian equity marke
Rites bags order worth Rs 33 crore for railway signaling project (29-03-2024)
Rites announced that it has secured additional scope under existing order of replacement of mechanical signaling from Northern Railway.
Ecos (India) Mobility files draft paper with Sebi to mop up funds via IPO (29-03-2024)
Chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality Ltd has filed preliminary papers with capital markets regulator Sebi to garner funds through an initial public offering (IPO).
The maiden public issue is entirely an offer for sale (OFS) of 1.8 crore equity shares by promoters — Rajesh Loomba and Aditya Loomba — with no fresh issue component, according to the draft red herring prospectus (DRHP) filed on Thursday.
At present, promoters and promoter group entities hold 100 per cent stake in the company.
Since it is an OFS, the Delhi-based firm will not receive any proceeds from the IPO and the money will go to the promoters selling shares.
The company has been providing chauffeured car rentals (CCR) and employee transportation services (ETS) to corporate customers for more than 25 years. It operates a fleet of more than 9,000 vehicles from economy to luxury cars. It also provides specialty vehicles such as luggage vans, limousines, vintage cars and vehicles for
ICRA reaffirms LT rating of Royal Orchid Hotels with ‘stable’ outlook (29-03-2024)
Royal Orchid Hotels said that the credit rating agency ICRA has reaffirmed the company’s long-term (LT) rating at ‘[ICRA] A-‘ with ‘stable’ outlook.
GE Shipping inks deal to buy medium range product tanker (29-03-2024)
Great Eastern Shipping Company announced that it has signed a contract to buy a medium range (MR) product tanker of about 51,486 deadweight tonnage (dwt) on 28 March 2023.
TCS achieves AWS GenAI Competency Partner status (29-03-2024)
Tata Consultancy Services has achieved the Amazon Web Services (AWS) Generative AI (GenAI) Competency as a launch partner. With over 350,000 employees trained on foundational skills in GenAI, TCS is well-poised to build one of the largest AI-ready workforces in the world. This first-of-its-kind specialization from AWS strengthens TCS’ position as a leading transformation partner for customers in the AI domain.
Wardwizard Innovations & Mobility Board approves availing working capital loan of Rs 7 cr (29-03-2024)
At meeting held on 29 March 2024