Posts in category Business Standard
Hong Kong Stocks closed flat ahead of inflation data globally (28-05-2024)
City market rose in early trade as the Shanghai announced cuts to the down-payment ratio, mortgage rates and offered subsidies to homebuyers and allowed multi-child families to buy one more home, as part of measures to boost the property market. But, investors digested the implications of the first property relaxation steps announced by a top-tier city, with much of the expectations already reflected in the prices. Investors were also awaiting the May data for manufacturing PMI, a leading economic indicator due later in the week.
Nifty May futures trade at premium (28-05-2024)
The NSE's India VIX spurts 4.32% to 24.20.
TTK Prestige Q4 PAT drops to Rs 57 cr; declares dividend of Rs 6/ share (28-05-2024)
The kitchen appliances manufacturer reported 1.01% decline in consolidated net profit to Rs 57.42 crore in Q4 FY24 as compared with Rs 58.01 recorded in Q4 FY23.
Japan Nikkei falls on rate hikes woes (28-05-2024)
However, market losses capped as the Bank of Japan's key measurements of underlying inflation in April all fell below its 2% target for the first time since August 2022, stoking fresh uncertainty over the timing of rate hike. BOJ Governor Kazuo Ueda has said the central bank will raise interest rates from current near-zero levels if underlying inflation accelerates toward 2% as it currently projects. The data cast doubt on the BOJ's view that price rises are broadening beyond those driven by rising raw material costs, and likely to be sustained backed by robust domestic demand.
TVS Supply Chain records turnaround Q4 numbers (28-05-2024)
TVS Supply Chain Solutions reported consolidated net profit of Rs 5.38 crore in Q4 FY24 as against a net loss of Rs 12.35 crore posted in corresponding quarter last year.
India may cut borrowing on less spending time, says Mirae Asset Investment (28-05-2024)
Sovereign bonds have already rallied in recent weeks, boosted by a reduction in short-term borrowings
Rail Vikas Nigam successfully bids for Rs 72.73 cr project of North Central Railway (28-05-2024)
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Inox Wind Ltd leads losers in ‘A’ group (28-05-2024)
Som Distilleries & Breweries Ltd, Bharat Dynamics Ltd, MSTC Ltd and Indiabulls Housing Finance Ltd Partly Paidup are among the other losers in the BSE's 'A' group today, 28 May 2024.
Mukta Arts reports consolidated net loss of Rs 6.99 crore in the March 2024 quarter (28-05-2024)
Sales decline 5.08% to Rs 39.20 crore
Cyber Media Research & Services consolidated net profit rises 131.58% in the March 2024 quarter (28-05-2024)
Sales rise 16.08% to Rs 22.45 crore