Emerging market currencies expected to drift higher in coming months due to improved global growth prospects, boosted in part by the reopening of China’s economy, a Reuters poll found
Posts in category Business Standard
Bank credit profiles not at much risk from Adani exposure, says Fitch (07-02-2023)
State-owned lenders could see pressure to refinance group’s debt if global market shun it
5G driving revenue growth in the top 20 markets, early movers get benefit (07-02-2023)
5G is driving revenue growth for communication service providers (CSPs) worldwide and the top 20 5G markets have seen significant network performance boost following the introduction of new services.
Demat additions in Jan hit six-month high to take total past 110 mn (07-02-2023)
Nearly 2.2 mn new accounts added despite turbulence in the market
General insurer Go Digit’s IPO plan delayed, Sebi returns issue papers (07-02-2023)
Firm will have to refile for public issue
Coal import cannot be zero as thermal power projects designed for dry fuels (07-02-2023)
Coal imports cannot be reduced to zero as several thermal power projects in India are designed to utilise the imported dry fuel for its high calorific value and blending it with domestic coal is also needed to maintain fuel stocks, Parliament was informed on Tuesday.
“The power plants designed for utilizing high Gross Calorific Value (GCV) non-coking coal, and cement, sponge iron, aluminum customers are utilizing high-ranked low ash coal. The coal requirement for such category of consumers cannot be substituted by domestic coal. Thus, import of coal cannot be reduced to zero,” Power Minister R K Singh said in a written reply to the Rajya Sabha.
Singh said thermal power plants have been importing coal for blending since 2009.
During 2022-23 (till January 2023), Coal India Ltd despatched 485.99 million tonne (provisional) coal to the power sector as compared to 440.05 MT during the same period a year ago, registering a growth of about 10 per cent.
However, he stated that with the ris
Balaji Amines slips 6%, hits 52-week low on disappointing Q3 results (07-02-2023)
The company said the fall in operating margin was primarily on account of de-growth in pharma and API sector
Stock of this smallcap company has zoomed 58% in 6 days on strong Q3 result (07-02-2023)
In the past 9 months, the stock of Apar Industries has skyrocketed 245 per cent
CG Power hits new high on heavy volumes; stock surges 18% in one month (07-02-2023)
A combined 4.75 million shares representing 0.31 per cent of total equity of the company changed hands on the NSE and BSE till 12:10 PM.
Varun Beverages rallies 7% on strong December quarter earnings (07-02-2023)
The strong recovery in demand post the pandemic and continued efforts towards expanding the distribution network across markets resulted in a 41% growth in consolidated sales volume in CY22.