Posts in category Business Standard
BHEL slides after Q4 PAT tumbles 25% YoY to Rs 484 cr (22-05-2024)
Bharat Heavy Electricals (BHEL) dropped 4.50% to Rs 304.85 after the heavy electrical equipment manufacturer's net profit declined by 24.92% to Rs 484.36 in Q4 FY24 as compared with Rs 645.13 crore posted in Q4 FY23.
RIL edges higher after signing licensing deal with Norway’s Nel ASA for alkaline electrolysers (22-05-2024)
Reliance Industries added 1.80% to Rs 2923 after the company entered into licensing agreement with Nel ASA for manufacturing Nel's alkaline electrolysers in India and for captive purposes globally.
Volumes soar at Apollo Tyres Ltd counter (22-05-2024)
Apollo Tyres Ltd recorded volume of 227.78 lakh shares by 10:47 IST on BSE, a 139.91 times surge over two-week average daily volume of 1.63 lakh shares
MSCI currency index for EMEs mirrored the greenback’s movement in April, Notes RBI (22-05-2024)
The Indian rupee (INR) depreciated by 0.5 percent on month vis-vis the US dollar in April 2024 as most EMEs registered pressures from strengthening of the US dollar amidst heightened geopolitical tensions and waning rate cut expectations, according to RBI Bulletin. The INR remained one of the least volatile among major currencies during the month. In terms of the 40-currency real effective exchange rate (REER), the INR depreciated by 1.1 per cent (m-o-m) in April 2024 as negative relative price differentials more than offset the appreciation of the INR in nominal effective terms. The US dollar index strengthened on the back of restrictive US monetary policy and trimmed probability of rate cuts by the Fed but recorded moderation in first half of May post the release of softer US inflation print and consumer spending data. The MSCI currency index for EMEs mirrored the greenbacks movement in April, exacerbated by capital outflows, especially in the equity segment.
One 97 Communications reports consolidated net loss of Rs 549.60 crore in the March 2024 quarter (22-05-2024)
Sales decline 2.89% to Rs 2267.10 crore
Morning Glory Leasing Finance reports standalone nil net profit/loss in the March 2024 quarter (22-05-2024)
Sales reported at Rs 0.01 crore
Paytm slides as net loss widens to Rs 550 cr in Q4 FY24 (22-05-2024)
One 97 Communications (Paytm) declined 1.12% to Rs 347.80 after the company's consolidated net loss widened to Rs 549.6 crore in Q4 FY24 as compared with Rs 168.4 crore posted in Q4 FY23.
Indices trade with decent gains; FMCG shares advance (22-05-2024)
At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 132.61 points or 0.18% to 74,086.08. The Nifty 50 index added 27.70 points or 0.12% to 22,556.75.
Greenply Inds gains as PAT soars to Rs 28 cr in Q4 FY24 (22-05-2024)
Greenply Industries advanced 2.08% to Rs 259.65 after the company's consolidated net profit surged to Rs 28.36 crore in Q4 FY24 as compared with Rs 11.07 crore in Q4 FY23.
India on the cusp of a long-awaited economic take-off: RBI Bulletin (22-05-2024)
According to Reserve Bank of Indias May Bulletin, the outlook for the global economy is turning fragile as the descent of inflation is stalling, re-igniting risks to global financial stability. Capital flows have become volatile as nervous investors turn risk averse. There is a growing optimism that India is on the cusp of a long-awaited economic take-off. Recent indicators are pointing to a quickening of the momentum of aggregate demand. Non-food spending is being pushed up by the green shoots of rural spending recovery. A modest easing of headline inflation in the reading for April 2024 confirms the expectation that an uneven and lagged pace of alignment with the target is underway.