To undertake detailed examination into disclosures made by SME firm
Posts in category Business Standard
Nifty ends below 25K as banks drag (11-10-2024)
The domestic equity benchmarks closed lower on Friday, amid mixed global cues. The Nifty50 settled below 25,000 mark, weighed down by selling in banks and financial stocks. Pharma, healthcare, and metal shares outperformed. The market undertone remains fragile as FIIs continue to sell amid concerns about earnings downgrades and attractive valuations in other markets.
Garuda Construction and Engg IPO ends with 7.55 times subscription (11-10-2024)
The offer received bids for 15.03 crore shares as against 1.99 crore shares on offer.
INR tracks weak equities lower; Weakens past 84/$ mark (11-10-2024)
The Indian rupee on Friday fell 11 paise, revisiting its all-time low of 84.09 (provisional) against the US dollar, tracking a weak domestic equity market and continued FII outflows. The benchmark 30-share BSE Sensex ended the session down 230.05 points, or 0.28 percent, at 81,381.36 while the broader NSE Nifty index settled 34.20 points, or 0.14 percent, lower at 24,964.25. Meanwhile, the situation in the Middle East continues to be volatile and might keep oil prices high and the rupee weak in the short term. At the interbank foreign exchange, the rupee opened at 83.97 against the dollar, 1 paisa higher than previous day’s close. It rose to the day’s high of 83.96 but tumbled to 84.10 before revisiting its all-time low of 84.09 (provisional), 11 paise lower than its previous close.
India-dedicated funds log first weekly redemption since March 2023 (11-10-2024)
China resurgence, expensive valuation dim India appeal; midcap funds see 14th week of outflows
India-dedicated funds log first weekly redemption since March 2023 (11-10-2024)
China’s resurgence, expensive valuation dim India appeal; Midcap funds see 14th week of outflows
Japan’s Nikkei edge up 0.57% (11-10-2024)
The Nikkei average rose 0.57 percent to 39,605.80, led by retailers and financials. The broader Topix index settled 0.24 percent lower at 2,706.20.
Aurionpro secured digital banking transformation contract from Saudi Arabia-based bank (11-10-2024)
Aurionpro Solutions said that it has bagged a multi-million dollar deal in the digital banking transformation space with a leading bank in Saudi Arabia.
China’s Shanghai composite index down 2.55% (11-10-2024)
The dollar weakened and gold prices surged as fresh signs of U.S. labor market weakness spurred hopes for more rate cuts.
TCS slides as PAT declines to Rs 11,909 cr in Q2 FY25 (11-10-2024)
Tata Consultancy Services (TCS) slipped 1.84% to Rs 4,150.60 after the IT major’s consolidated net profit declined 1.09% to Rs 11,909 crore in Q2 FY25 as against Rs 12,040 crore reported in Q1 FY25.