The public issue of Hyundai Motor India, which opened for subscription yesterday, will conclude on Thursday, October 17, 2024. Here are the key details of India’s largest IPO for investors
Posts in category Business Standard
Amber rallies 8% in 3 days on JV with Korean Circuit for manufacturing PCBs (16-10-2024)
Amber Enterprises share price: Amber Group, through its subsidiary IL JIN Electronics, and Korea Circuit will hold 70 per cent and 30 per cent ownership, respectively, in this JV
South Indian Bank up 5% after Q2 profit climbs 18% YoY; check details here (16-10-2024)
The up move in South Indian Bank share price came after the lender announced a strong set of September quarter of financial year 2025 (Q2FY25) results.
Pound slumps under $1.30 mark as UK inflation slides below BoE target for first time in over 3 years (16-10-2024)
The Great Britain pound slumped on Wednesday below $1.30 mark after data from UK showed slower than expected inflation. UK annual Consumer Price Index (CPI) increased by 1.7% in September from 2.2% in August and below the estimated growth of 1.9%, moving back under the Bank of Englands (BoE) 2.0% target for the first time in over three years, according to the data released by the Office for National Statistics (ONS) on Wednesday. Core CPI (excluding volatile food and energy items) advanced by 3.2% in September, compared to a 3.6% rise in August. Pound fell sharply following the data and is currently down over half a percent at $1.2992. Meanwhile, dollar index that measures the greenback against a basket of currencies is holding firmly above 103 mark, adding pressure on basket currencies.
Akums Drugs signs license & distribution agreement with Triple Hair Inc. (16-10-2024)
Akums Drugs & Pharmaceuticals has entered into a License & Distribution Agreement with Triple Hair Inc, a company duly incorporated under the laws of New Brunswick, Canada, having its registered office at 5085 Principale-Est Av, Dieppe, New Brunswick, Canada.
Shyam Metalics commences operations of coke oven plant at Jamuria, West Bengal (16-10-2024)
Shyam Metalics and Energy announced the commencement of operations at its advanced Coke Oven Plant in Jamuria, West Bengal. The new facility began production, reflecting a significant step forward in the company’s expansion and sustainability goals. Backward integration will enhance the company’s bottom line by reducing costs and increasing control over the supply chain.
US stocks dip after recent gains, NASDAQ down around 1% (16-10-2024)
US stocks eased yesterday as cooling optimism about Chinese stimulus measures hit commodities like crude oil and Copper. A drop in chipmaking stocks also weighed and the US benchmarks fell from record highs. At the close in NYSE, the Dow Jones Industrial Average lost 0.75%, while the S&P 500 index fell 0.76%, and the NASDAQ Composite index lost 0.98%. The Dow and the S&P 500 reached record closing highs on Monday, with the Dow ending above 43,000 for the first time. The Nasdaq is also nearing record highs set in July.
ICICI Prudential rises as board to mull fund raising on Oct 22 (16-10-2024)
ICICI Prudential Life Insurance Company advanced 1.48% to Rs 745 after the company’s board is scheduled to meet on Tuesday, 22 October 2024 to consider fund raising, in one or more tranches.
Joint Parliamentary Committee discusses Waqf Amendment Bill (16-10-2024)
Representatives from the Ministry of Minority Affairs were present to provide insights into the bill’s objectives and potential benefits. The amendments aim to address existing shortcomings in the administration and management of Waqf properties, ensuring more efficient and effective oversight.
South Indian Bank consolidated net profit rises 18.15% in the September 2024 quarter (16-10-2024)
Total Operating Income rise 10.60% to Rs 2354.72 crore