Shares of Railway Vikas Nigam, the construction arm of Indian Railways zoomed 6 per cent on BSE in Tuesday’s intraday trade against a 0.36 per cent dip in BSE Sensex
Posts in category Business Standard
EPFO adds 16.02 lakh net members in January (26-03-2024)
EPFO added a net 16.02 lakh subscribers in January 2024, according to payroll data. The data indicates that around 8.08 lakh new members have enrolled during January, 2024. A noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 56.41% of the total new members added in January 2024 indicating the majority of individuals joining the organized workforce are youth, primarily first-time job seekers. The payroll data highlights that approximately 12.17 lakh members exited and subsequently rejoined EPFO. These members switched their jobs and re-joined the establishments covered under the ambit of EPFO and opted to transfer their accumulations instead of applying for final settlement thus, safeguarding long-term financial well-being and extending their social security protection.
Life insurance shares in focus; Max Financial, HDFC Life rally up to 6% (26-03-2024)
In a relief for life insurance company investors, regulator Irdai has retained most existing surrender charges in the revised product regulations
Pound Speculative Net Long Position Come Off 17 Year High (26-03-2024)
Large currency speculators in the Pound futures decreased their net long positions, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net long position of 53200 contracts in the data reported through March 19 2024. This was a weekly decline of 18251 net contracts after net position climbed to its highest level in 17 years in the previous week.
Volumes spurt at Mankind Pharma Ltd counter (26-03-2024)
Mankind Pharma Ltd registered volume of 7.38 lakh shares by 10:46 IST on BSE, a 38.68 fold spurt over two-week average daily volume of 19071 shares
HAL jumps after bagging supply order from Guyana Defence Force (26-03-2024)
Hindustan Aeronautics rallied 3.23% to Rs 3273 after the company has signed a contract with Guyana Defence Force, Government of Guyana for supply of aircraft and other equipment for a value of MUSD 23.37(approximately Rs 194 crore).
JSW Energy arm inks pact to acquire Reliance Power’s wind project for Rs 132 cr (26-03-2024)
JSW Energy said that its step-down subsidiary, JSW Renewable Energy (Coated) has signed a business transfer agreement with Reliance Power to acquire a 45 MW wind project in Maharashtra for Rs 132 crore.
US Dollar Net Speculative Long Position Falls Notably (26-03-2024)
Net long positions by large currency market speculators in the US dollar futures fell notably, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net position of 679 contracts in the data reported through March 19, 2024. This was a weekly fall of 5507 net contracts.
Nifty below 22,050; media shares decline (26-03-2024)
At 10:30 IST, the barometer index, the S&P BSE Sensex, slipped 174.24 points or 0.24% to 72,657.70. The Nifty 50 index lost 49.20 points or 0.22% to 22,047.55.
Lupin to sale trade generics biz to subsidiary on slump sale basis (26-03-2024)
Lupin said that its board has approved to carve out trade generics business in India to its wholly owned subsidiary, Lupin Life Sciences (LLSL) on a slump sale basis.