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Posts in category Business Standard
SpiceJet signs settlement agreement with Export Development Canada (26-03-2024)
To acquire full ownership of 13 EDC-financed Q400 aircraft
IPO mop-up increases 20% to Rs 61,915 crore during FY24, shows data (26-03-2024)
Mobilisation of IPO in FY24 surged 58 per cent compared to FY23, excluding the mega LIC IPO
Eurogrip Tyres launches brand campaign featuring MS Dhoni and his CSK team members (26-03-2024)
The film talks about Eurogrip’sstronger grip as compared to other tyres and M S Dhoni emphasizes its superior grip for solid turns. He and
other CSK stars give road safety tips for viewers that include following traffic rules, wearing a helmet, ensuring tyres are in good condition and having the bike serviced regularly. M S Dhoni urges viewers to get Eurogrip tyres for superior grip.
R K Swamy consolidated net profit rises 18.07% in the December 2023 quarter (26-03-2024)
Sales decline 5.50% to Rs 72.14 crore
Natural Resources Energy receives LoI for composite license for Surjagad 1 iron ore block (26-03-2024)
Shyam Metalics & Energy informed the receiving of the Letter of Intent from the Industry, Energy, Labour, and Mining Department, Government of Maharashtra, in respect of receiving of the Letter of Intent for Composite License for Iron Ore Block in the State of Maharashtra by its Joint Venture Company, namely Natural Resources Energy (NREPL), wherein Dorite Tracon, a promoter company of Shyam Metalics and Energy, holds 49% of the of the economic interest.
India’s current account balance records deficit of US$ 10.5 billion in Q3:2023-24 (26-03-2024)
India’s current account balance recorded a deficit of US$ 10.5 billion (1.2 per cent of GDP) in Q3:2023-24, lower than US$ 11.4 billion (1.3 per cent of GDP) in Q2:2023-241 and US$ 16.8 billion (2.0 per cent of GDP) a year ago [i.e., Q3:2022-23]. The merchandise trade deficit at US$ 71.6 billion was marginally higher than US$ 71.3 billion during Q3:2022-23. Services exports grew by 5.2 per cent on a y-o-y basis on the back of rising exports of software, business and travel services. Net services receipts increased both sequentially and from a year ago that helped cushion the current account deficit.
Praveg launches Safari Velavadar Resort in Gujarat. (26-03-2024)
Situated in Gujarat’s vibrant heart, Velavadar captivates with its stunning ecosystem and scenic beauty. This peaceful locale is famed for the Velavadar Blackbuck National Park, a sanctuary for the elegant Indian blackbuck antelope and a host to diverse birdlife, including
the rare lesser florican. Beyond its natural wonders, Velavadar invites exploration of its deep cultural roots, showcased in ancient monuments and lively traditions. From watching blackbucks roam freely to soaking in the tranquil rural atmosphere, Velavadar promises unforgettable moments for every visitor.
INR Recovers From Record Low Levels (26-03-2024)
The Indian rupee recovered from lifetime low level hit on Friday and appreciated 33 paise to close at 83.28 (provisional) against the US dollar on Tuesday amid easing US dollar from recent highs and positive Asian currencies. Weak domestic markets and surge in crude oil prices however capped sharp gains for the local unit. The benchmark S&P BSE 30-share Sensex ended the session down 361.54 points, or half a percent, at 72,470.30 on concerns that rising oil prices may stoke inflationary pressures and result in increased deficits. The broader NSE Nifty index settled 92.05 points, or 0.42 percent, lower at 22,004.70 ahead of upcoming F&O expiry. At the interbank foreign exchange market, the local unit opened at 83.33 against the greenback. The unit hit an intra-day high of 83.26 and a low of 83.37. Meanwhile, India’s finance ministry said in its monthly economic review last week that inflation and economic growth are at risk from the rise in oil prices caused by disruptions in .
Nifty holds 22K despite modest losses, banks & IT dip (26-03-2024)
Domestic indices shed some points today, ending their three-day rally. Light trading due to the truncated week kept things subdued. The benchmark Nifty held the 22,000 mark. While realty stocks surged, banks and IT took a hit. Interestingly, broader indices outperformed the benchmark indices.