Posts in category Business Standard
Uno Minda inks technical license agreement with lnovance Automotive, China (05-06-2024)
Uno Minda has announced that it has entered into a Technical License Agreement (TLA) with Suzhou lnovance Automotive Co., China (lnovance Automotive) for manufacture and sale of select high voltage category electric vehicle products for passenger vehicle and commercial vehicle in India.
IEX records 28.9% increase in electricity volumes in May’24 (05-06-2024)
Indian Energy Exchange achieved monthly overall volume of 10,633 MU, in May'24, marking a 28.9% year-over-year increase. The electricity volumes at 9,568 MU, increased 21% YoY. The renewable energy certificates (REC) at 1,055 MU, increased 640.3% YoY. At Rs. 165 per certificate, the REC market recorded an all-time low price in the trading session held on 29 May 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.
Intellect’s consumer banking unit launches eMACH.ai Digital Engagement Platform (05-06-2024)
Intellect Global Consumer Banking (iGCB), the consumer banking unit of Intellect Design Arena, announced the launch of the eMACH.ai Digital Engagement Platform (eMACH.ai DEP) at Money20/20 in Amsterdam. eMACH.ai DEP will redefine the region's banking customer engagement landscape through its Codeless, Unified, Cloud-native platform. The platform offers a single origination platform for Retail, SME & Corporates and can co-exist with the older version.
Heritage Foods zooms 36% in three days following Chandrababu Naidu’s election victory (05-06-2024)
Heritage Foods was locked in 20% upper circuit at Rs 546.95 on the BSE after the company's founder Chandrababu Naidu, who is also Telugu Desam Party chief, managed to win Andhra Pradesh's assembly elections by a significant margin.
Sebi mulls raising threshold for basic service demat account to Rs 10 lakh (05-06-2024)
Capital markets regulator Sebi on Wednesday proposed to enhance the threshold for the basic service demat account (BSDA) to Rs 10 lakh from the current Rs 2 lakh in a bid to boost the participation of retail investors in the securities market.
A basic service demat account, or BSDA, is a more basic version of a regular demat account. The facility was introduced by Sebi in 2012 for reducing the burden of demat charges on investors with small portfolios.
At present, an individual can hold debt securities worth up to Rs 2 lakh and other than debt securities worth up to Rs 2 lakh in a single demat account to be eligible for BSDA.
In order to further boost participation in the securities market and to facilitate ease of doing investments, the facility of BDSA has been comprehensively reviewed, Sebi said in its consultation paper.
The regulator proposed that the value of securities held in the demat account should not exceed Rs 10 lakh for debt and other than debt securities combined at
Super Crop Safe standalone net profit declines 90.91% in the March 2024 quarter (05-06-2024)
Sales rise 17.39% to Rs 8.10 crore
KCD Industries India consolidated net profit declines 83.82% in the March 2024 quarter (05-06-2024)
Sales decline 77.30% to Rs 0.69 crore
NSE breaks world record with 19.71 billion single-day orders: NSE CEO (05-06-2024)
NSE handled 280.55 million trades and 19.71 billion orders between 9:15 am and 3:30 pm on Wednesday
Care Ratings upgrades ratings of Vodafone Idea to “BB+” with ‘stable’ outlook (05-06-2024)
Vodafone Idea said that the credit rating agency Care Ratings has revised its rating assigned to the long-term bank facilities to "CARE BB+" from "CARE B+" with 'stable' outlook.
Equities roar back on NDA’s ascent, banks & FMCG lead surge (05-06-2024)
The domestic stock market staged a comeback today, clawing back most of Tuesday's losses. Buoyed by the NDA's promise to form a government, the Nifty surged past 22,600 with financials, autos and FMCG leading the charge. However, experts caution of continued volatility until the new cabinet is formed. The long-term outlook for Indian equities, however, remains positive.