Spectrum Foods rose 4.88% to Rs 28.99 after the company signed non-binding letter of intent with InterContinental Hotels Group (IHG) for the management and branding of their upcoming 5-star resort in Pushkar, Rajasthan.
Posts in category Business Standard
Paytm share price slips 5% post Q2FY25 results; Check details (22-10-2024)
Paytm reported an exceptional item gain of Rs 1,345.4 crore from the sale of its ticketing business to Zomato during the quarter
Mahindra Logistics Q2 net loss narrows to Rs 11 cr (22-10-2024)
Mahindra Logistics’ consolidated net loss narrowed to Rs 10.75 crore in Q2 FY25 as against a net loss of Rs 15.93 crore posted in Q2 FY24.
Info Edge (India) to invest Rs 30 cr in Redstart Labs (India) (22-10-2024)
The Company has agreed to acquire 3,000,000 Compulsorily Convertible Debentures (CCDs) having face value of Rs. 100/- each. Post this investment, Redstart remains the wholly-owned subsidiary of the company.
Sona BLW Precision shares rise over 2% on inaugurating new plant in Manesar (22-10-2024)
The uptick in Sona BLW share price came after the company announced that it has inaugurated its new plant in Manesar, Haryana
Ambuja Cements climbs 2% after planning to buy 46.8% stake in Orient Cement (22-10-2024)
Ambuja Cements will acquire a 46.8 per cent stake in Orient Cement. The transaction will happen at an equity value of Rs 8,100 crore, or Rs 395.4 per share
Policy rate increases have anchored inflation expectations, says RBI (22-10-2024)
According to the RBI article, findings on monetary policy transmission in India suggest that monetary policy changes affect short term interest rates more than long-term rates. RBI in this article examines the impact of the monetary policy tightening that was undertaken since May 2022 in India. While anticipated policy changes do not have any instantaneous impact on long-term rates, policy surprises significantly impact all market segments and across tenors. Policy signals tend to wane, however, beyond the three-year tenure, the paper noted.
Maharashtra Scooters standalone net profit declines 23.55% in the September 2024 quarter (22-10-2024)
Sales decline 20.76% to Rs 163.17 crore
One 97 Communications reports consolidated net profit of Rs 928.30 crore in the September 2024 quarter (22-10-2024)
Sales decline 34.11% to Rs 1659.50 crore
Bajaj Housing Finance gains 4% on strong Q2FY25 results; profit rises 21% (22-10-2024)
Shares of Bajaj Housing Finance surged 4.2 per cent at Rs 142.30 a piece on the BSE in Monday’s intraday deals