Torrent Power Ltd saw volume of 1.14 lakh shares by 10:47 IST on BSE, a 4.98 fold spurt over two-week average daily volume of 22926 shares
Posts in category Business Standard
Arvind SmartSpaces spurts on signing new project in Bengaluru (09-10-2024)
Arvind SmartSpaces advanced 4.49% to Rs 829.75 after the company signed a new residential apartment project in Bengaluru, with a total estimated saleable area of 4.2 lakh sq. ft. and a top-line potential of Rs 600 crore.
Less volatility in INR reflects India’s strong macroeconomic fundamentals and improved external sector outlook, Says RBI (09-10-2024)
The Reserve Bank of India governor stated in its policy statement that during the current financial year (up to October 8), the exchange rate of the Indian rupee (INR) remained largely range-bound. The INR also continued to be the least volatile among peer EME currencies. This was so even during the high volatility episode, following the unwinding of yen carry trade in early August 2024. The lower volatility of the INR reflects Indias strong macroeconomic fundamentals and improved external sector outlook, On a financial year basis (up to October 8), the Indian rupee (INR) registered lower depreciation (-0.7 per cent) against the US dollar as compared to some of its emerging market peers like Philippine peso, Russian ruble, Turkish lira, Brazilian real, Argentine peso and Mexican peso. During 2024-25 (up to October 8), the INR was the least volatile (in terms of coefficient of variation) amongst peer EME currencies including Chinese yuan, Vietnamese dong, Philippine peso, Turkish lira
RBI stance change to ‘Neutral’ sparks rally in Bank, Auto, Realty stocks (09-10-2024)
RBI MOC Policy today: The RBI Monetary Policy Committee (MPC) also kept its key repo rate unchanged at 6.5 per cent for a tenth straight policy
Board of Mahindra Logistics approves investment of Rs 50 cr in MLL Express Services (09-10-2024)
At meeting held on 09 October 2024
Rites rallies on inking MoU with Etihad Rail (09-10-2024)
Rites jumped 6.45% to Rs 320 after the company announced that it has signed a Memorandum of Understanding (MoU) with Etihad Rail for developing railways and related infrastructure services works in UAE and wider region.
Nifty scales above 25,100; RBI maintains repo rate at 6.5%; changes stance to neutral (09-10-2024)
At 10:30 IST, the barometer index, the S&P BSE Sensex rose 307.11 points or 0.38% to 81,941.92. The Nifty 50 index added 102.80 points or 0.41% to 25,115.95
Hyundai Motor India IPO: Key details out; Check timeline, price, GMP & more (09-10-2024)
Hyundai Motor India IPO: Size, price band, lot size, key dates, GMP, objectives, and more – Everything you need to know about India’s largest initial public offering
Torrent Power hits life high on securing 2k MW energy storage project (09-10-2024)
Torrent Power secured a LoA from Maharashtra State Electricity Distribution (MSEDCL) and inked a share subscription and shareholders’ agreement (SSSA) with Lakshmi Mills and Torrent Urja 17 Private Li
RBI maintains repo rate at 6.5%; changes stance to neutral (09-10-2024)
After evaluating the macroeconomic conditions and future outlook, the Monetary Policy Committee (MPC) decided, with 5 out of 6 members in agreement, to maintain the policy rate at 6.5%, according to the RBI Governor. A neutral stance gives the RBI the flexibility to adjust interest rates based on the direction of inflation, contrasting with the current position of withdrawing accommodation, which eliminates the possibility of rate cuts. Shaktikanta Das noted that domestic growth has sustained its momentum, and the global economy has remained resilient since our last meeting. However, downside risks persist due to geopolitical conflicts, financial market volatility, and elevated public debt. On a positive note, world trade is showing signs of improvement. Governor Das further stated that food inflation pressures may ease due to favorable conditions from kharif sowing and good soil moisture. Additionally, it appears that core inflation has bottomed out. However, a recent increase in …