Manufacturer posts highest-ever profit before tax of Rs 610 cr
Posts in category Business Standard
Shoppers Stop shares drop 5% as profit tumbles 34% on investments (25-07-2023)
Total expenses rose 5.8% for Shoppers Stop, which sells products ranging from Vero Moda apparel to Michael Kors watches at its stores
Adani grp shares in focus; Adani Green, Transmission, Power rally up to 10% (25-07-2023)
Adani Green Energy (up 10% at Rs 1,089.15), Adani Total Gas (up 5% at Rs 662.45), and NDTV (up 5% at Rs 238.75) were locked in their respective upper circuit limits
Sebi amends rule to boost liquidity in secondary market for corporate bonds (25-07-2023)
Capital markets regulator Sebi has amended stock brokers’ rule concerning registration of entities for participation in the tri-party repo segment for corporate bonds, a move that will boost liquidity in the segment.
“No separate registration shall be required for any person registered with the limited purpose clearing corporation as a participant for participating in the tri-party repo segment for undertaking proprietary trades in corporate bonds,” the Securities and Exchange Board of India (Sebi) said in a notification issued on Monday.
The move came after the board of Sebi last month approved the proposal to additionally facilitate participation by entities desiring direct participation (not through a clearing member) in repo transactions in corporate bonds of the Limited Purpose Clearing Corporation (LPCC).
LPCC is an entity established to undertake the activity of clearing and settlement of repurchase agreement transactions.
It is expected to facilitate active trading, especia
TVS Supply Chain Solutions gets Sebi’s approval for launching IPO (25-07-2023)
It will be the first IPO by TVS family company in three decades, after TVS Electronic in 1994
All Zerodha users can now trade options on Sensibull for free (25-07-2023)
Under the deal, Zerodha will be paying for this Sensibull facility and users will not be charged anything for this
Scamsters led by Chinese handlers dupe 15000 Indians of Rs 700 crore (25-07-2023)
The cash was converted into cryptocurrency after being passed through various Indian bank accounts and, subsequently, routed to China through Dubai
Jyothy Labs zooms 19% on strong operational performance in June quarter (25-07-2023)
EBITDA margins for the quarter improved 710 bps to 17.1 per cent against 10 per cent in a year ago quarter, due to moderating input costs.
SRF hits 52-week low, slips 4% intra-day as Q1 PAT falls 41% from year ago (25-07-2023)
The management said the significant drop in profit was mainly due to the expected downcycle of the packaging films business and is expected to continue for the medium-term
Sharda Cropchem slips 7%, hits 3-month low on disappointing Q1 results (25-07-2023)
The company’s revenues during the quarter declined 22.7 per cent YoY to Rs 638 crore due to lower sales in Europe and The North American Free Trade Agreement (NAFTA) Region.