Posts in category Business Standard
UK Pound Bounces Back Above $1.27 Mark (24-05-2024)
UK pound bounced back above $1.27 mark after pulling below the level in the previous session. A small pullback in dollar index is seen benefiting the British currency despite weak domestic economic data. The ONS showed that monthly Retail Sales declined at a faster pace of 2.3%. Investors forecasted the economic data to have declined by 0.4% from the prior reading of -0.2%, revised negative from a stagnant performance. Annual Retail Sales contracted by 2.7% after expanding at a pace of 0.4% in March, downwardly revised from 0.8%. However, greenback staying firm amid reduced expectations of a near term rate cut will continue weighing on the pair. The counter was still quoting around a two month high at $1.2711, up 0.17% on the day.
Board of Hindalco Industries approves acquisition of fabrication facility of Home Build Tech India (24-05-2024)
On 24 May 2024
Board of Anzen India Energy Yield Plus Trust recommends final dividend (24-05-2024)
Of Rs 2.45 per share
Ashok Leyland hits record high after Q4 PAT climbs 20% YoY to Rs 900 cr (24-05-2024)
Ashok Leyland reported 19.82% jump in standalone net profit to Rs 900.41 crore in Q4 FY24 as compared with Rs 751.41 crore in Q4 FY23.
Coromandel International launches 10 new products for Indian farming (24-05-2024)
Coromandel International introduced 10 new products aimed at enhancing crop yield, controlling pest infestations, and fostering sustainable agricultural practices across the country.
Goldiam International receives export order of Rs 20 cr (24-05-2024)
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Team Lease Services Ltd leads losers in ‘A’ group (24-05-2024)
Bayer CropScience Ltd, Time Technoplast Ltd, Engineers India Ltd and HBL Power Systems Ltd are among the other losers in the BSE's 'A' group today, 24 May 2024.
Precision Camshafts Ltd leads losers in ‘B’ group (24-05-2024)
Mahalaxmi Rubtech Ltd, Bansal Roofing Products Ltd, Om Infra Ltd and Exxaro Tiles Ltd are among the other losers in the BSE's 'B' group today, 24 May 2024.
Wheat procurement exceeds last year’s total amid robust northern state supplies, Says Government (24-05-2024)
The Ministry of Consumer Affairs, Food & Public Distribution said that wheat procurement for the 2024-25 marketing year has surpassed last year's total of 262.02 lakh tonnes, boosted by strong contributions from the northern states of Punjab and Haryana. In a statement, the government said 262.48 lakh tonnes of rabi (winter)-sown grain has already been purchased for the central pool, benefiting 22.31 lakh farmers, with a minimum support price outflow of Rs 59,715 crore. The major procuring states were Punjab with 124.26 lakh tonnes, Haryana with 71.49 lakh tonnes, Madhya Pradesh with 47.78 lakh tonnes, Rajasthan with 9.66 lakh tonnes and Uttar Pradesh with 9.07 lakh tonnes.
Defense stocks extend rally; BDL, CSL, GRSE, BEL zoom over 25% in 1 week (24-05-2024)
Bharat Dynamics hit a new high of Rs 1,650, zooming 17% in intra-day trade after the stock of state-owned defense company turned ex-date for 1:2 split on Friday.