One unexpected win for the BJP occurred in Congress-ruled Himachal Pradesh, where a bonus seat was secured through cross-voting by six Congress MLAs. This victory materialised as BJP candidate Harsh Mahajan emerged victorious over Congress’ Abhishek Manu Singhvi after both received an equal number of votes.
Posts in category Business Standard
INR Slips Modestly Ahead Of Data Deluge (28-02-2024)
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Australian Dollar Slides On Softer Than Expected Inflation Data (28-02-2024)
The Australian Dollar shed nearly half a percent on Wednesday following softer than expected inflation report. Data showed that Australias monthly inflation CPI held at a two-year low of 3.4% in January, unchanged from December and coming in below forecasts of 3.6%. Meanwhile, mild recovery in dollar overseas ahead of crucial set of data this week is also dragging the pair lower. AUDUSD pair fell to a near two week low and was quoting at 0.6518, down 0.44% on the day at the time of writing. Another economic report from the domestic docket showed Australian Construction Work Done increased by 0.7% in the fourth quarter of 2023, against the expected 0.6% and 1.4% prior.
Havells India hits record high, rallies 6% in 2 days; m-cap nears Rs 1 trn (28-02-2024)
Global brokerage firm Goldman Sachs has upgraded the rating for the consumer electronics company to ‘Buy’ from ‘Neutral’
Texmaco Rail board OKs to raise Rs 150 cr via preferential issue (28-02-2024)
Texmaco Rail & Engineering said that its board has approved the raising of funds through of issuance of convertible warrants by way of preferential issue aggregating upto Rs 150 crore.
Volumes jump at Jindal Stainless Ltd counter (28-02-2024)
Jindal Stainless Ltd witnessed volume of 6.65 lakh shares by 10:47 IST on BSE, a 7.45 times surge over two-week average daily volume of 89300 shares
SJVN arm commissions 100 MW solar power project in Gujarat (28-02-2024)
The power generation company said that its wholly owned subsidiary, SJVN Green Energy has commissioned 100 megawatt (MW) Raghanesda Solar Power Project located in district Banaskantha, Gujarat.
Government to continue with the reform process; digital infrastructure will be given thrust: Finance Minister (28-02-2024)
Finance Minster Nirmala Sitharamans, Govt of India said that the role of Indian industry is critical in achieving the goal of Viksit Bharat by 2047. Addressing the national conclave FICCI Viksit Bharat@2047, the Finance Minister stated that the Hon’ble PM’s clear indication is that the goal of Viksit Bharat is to be attained to provide the future generations a better India. We should reach the destination of a developed India, i.e. Viksit Bharat by 2047, she emphasized. Ms Sitharaman also stated that India has now become the fifth largest economy of the world and is on the path to become the third largest economy. She also assured the industry that the reforms undertaken by the government in the last few years will continue further.
Salasar Techno bags order worth over Rs 200 crore from ZETWERK (28-02-2024)
Salasar Techno Engineering said that it has entered into an agreement with ZETWERK Businesses for supply of 25,000 MT of solar structures.
Torrent Power bags LoI from PFC Consulting for 1st project under TBCB framework (28-02-2024)
Torrent Power announced that it has made its foray into power transmission segment by bagging a project for the evacuation of power from renewable energy projects in Solapur, Maharashtra.