Posts in category Business Standard
Vedanta jumps after board OKs to raise NCDs worth Rs 1,000 cr (20-06-2024)
Vedanta rallied 6.20% to Rs 471.35 after the mining company's board has considered and approved fund raising of Rs 1,000 crore by issuing non-convertible debentures (NCDs) on private placement basis.
Why are FIIs buying bank stocks, and will this momentum sustain? (20-06-2024)
Analysts believe a likely pick up in credit growth and hopes of a rate cut by the Reserve Bank of India should keep the momentum alive in bank stocks.
Nifty climbs above 23,500; metal shares shine (20-06-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex was up 31.61 points or 0.04% to 77,369.20. The Nifty 50 index added 18.20 points or 0.08% to 23,534.20.
Sapphire Foods gains as board OKs 1:5 stock split (20-06-2024)
Sapphire Foods advanced 2.54% to Rs 1,597.10 after the company announced that its board has approved 5-for-1 stock split.
Specialty chemicals shares rally up to 9%; BASF, Bhansali hit 52-wk highs (20-06-2024)
While margins have dipped from around 22 per cent to 17 per cent during FY2021-24, they are expected to improve from FY26 onwards
Financial watchdog imposes Rs 18.82 cr penalty on crypto exchange Binance (20-06-2024)
World's largest cryptocurrency exchange violated India's anti-money laundering regulations, says Financial Intelligence Unit
Rupee Continues To Stay Stable; G-sec Yields Soften, Says RBI (20-06-2024)
The Indian rupee (INR) continued to remain one of the least volatile major currencies and appreciated modestly by 0.02 per cent (m-o-m) vis-vis the US dollar in May 2024, according to RBI June Bulletin. The INR appreciated by 1.2 per cent (m-o-m) in May 2024 in terms of the 40-currency real effective exchange rate (REER), supported by positive relative price differentials and the appreciation of the INR in nominal effective terms. The yield on the 10-year Indian benchmark (7.10 GS 2034) G-sec softened to 7.01 per cent on June 12 from 7.03 per cent on May 15 due to a decline in crude oil prices, larger-than-expected dividend transfer by the Reserve Bank for 2023-2413 giving additional fiscal space to the government, positive sentiment on the inclusion of Indian G-sec in global bond indices in June and a stable rupee. The benchmark 10-year bond yield eased further on Indias sovereign rating outlook upgrade by S&P Global Ratings for to positive from stable , the central bank noted. .
USFDA issues warning letter to Sun Pharma’s Dadra unit; stock slips 2% (20-06-2024)
The fall came after the company announced that it has received a warning letter from USFDA for current Good Manufacturing Practice (cGMP) violations at its Dadra facility
IOCL rises after signing JV agreement with GPS Renewables for advancing biofuel adoption (20-06-2024)
Indian Oil Corporation added 1.59% to Rs 169.45 after the company said that it has entered into a joint venture agreement with GPS Renewables, one of the leading biofuels companies in the country.
Volumes spurt at PNB Housing Finance Ltd counter (20-06-2024)
PNB Housing Finance Ltd registered volume of 12.35 lakh shares by 10:46 IST on BSE, a 18.03 fold spurt over two-week average daily volume of 68543 shares