Posts in category Business Standard
Maitreya Medicare reports standalone net loss of Rs 0.89 crore in the March 2024 quarter (29-05-2024)
Sales rise 0.95% to Rs 10.60 crore
Virtual Global Education reports consolidated net loss of Rs 1.84 crore in the March 2024 quarter (29-05-2024)
Reported sales nil
Dollar Index Adds Strength On Hawkish Fed Views; US PCE Eyed (29-05-2024)
The US dollar added strength on Wednesday amid a continued hawkish stance from Fed officials that reduced bets of a near term rate cut. Minneapolis Fed President Neel Kashkari stated in an interview that the Fed should delay cutting rates until inflation significantly improves and might even hike rates if inflation fails to come down further. Investors now await US PCE data for further cues. Meanwhile, data on Tuesday showed that US consumer confidence and housing sector unexpectedly improved in May, bolstering a hawkish outlook on Fed policy. The dollar index futures climbed to 104.65, up 0.10% on the day. US benchmark treasury yields are also higher at 4.56%. Among the basket currencies, EURUSD and GBPUSD are staying subdued mirroring dollar strength at $1.0855 and $1.2751 respectively.
Tiger Logistics upgrades its freight booking and management platform ‘FreightJar’ (29-05-2024)
Launched in April last year, FreightJar has successfully onboarded over 500 exporters across various industries, including automotive, textiles, PTAs, consumer durables, and food and food produce. The latest version, FreightJar 2.0, is now fully integrated with core technology and ready for immediate use by exporters and importers in India. It is also accessible to over 5,000 forwarders and agents globally, primarily in the US, Asia-Pacific, Europe, Latin America, and Middle East markets.
This construction company’s stock has climbed 229% in one year; here’s why (29-05-2024)
The State-owned company's profit rose 24.6 per cent on a year-on-year (Y-o-Y) basis to Rs 141.5 crore in the March quarter of financial year 2024 (Q4FY24)
Vasundhara Rasayans sizzles after Q4 PAT soars to Rs 2 cr (29-05-2024)
Vasundhara Rasayans zoomed 14.48% to Rs 232.85 after the company's net profit stood at Rs 2.13 crore in Q4 FY24, steeply higher than Rs 0.42 crore in Q4 FY23.
Amines & Plasticizers zooms after Q4 PAT climbs 51% to Rs 12 cr (29-05-2024)
Amines & Plasticizers surged 14.15% to Rs 217.85 after it reported 51.34% jump in consolidated profit to Rs 12.94 crore on 6.26% rise in revenue from operations to Rs 177.33 core in Q4 FY24 over Q4 FY23.
Defence manufacturer MTAR Technologies shares sink 16%; here’s why (29-05-2024)
On Tuesday, the company posted its Q4FY24 results. Revenue from operations surged 21.1 per cent year on year and stood at Rs 143.0 crore in Q4FY24 as against Rs 118.4 crore
Campus Activewear surges 18% on heavy volumes post March quarter results (29-05-2024)
Campius Activewear share price: Ebitda rose 16.1 per cent Y-o-Y at Rs 66.4 crore; margin improved 190bps Y-o-Y to 18.3 per cent
Zuari Industries standalone net profit declines 71.29% in the March 2024 quarter (29-05-2024)
Sales decline 14.42% to Rs 234.63 crore