Posts in category Business Standard
INR Clings Onto 83.50 Per US Dollar Mark (15-05-2024)
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Balu Forge posts nearly 86% YoY rise in Q4 PAT; EBITDA margin at 21.33% (15-05-2024)
Balu Forge Industries has reported 85.58% rise in net profit to Rs 28.28 crore on a 30.21% increase in revenue from operations to Rs 161.17 crore in Q4 FY24 as compared with Q4 FY23.
BSE SME TGIF Agribusiness makes a bumper debut (15-05-2024)
Shares of TGIF Agribusiness were quoting at Rs 142.50 on the NSE, a premium of 53.23% compared with the issue price of Rs 93.
BlackRock bullish on India, looking to expand its share in govt bond ETFs (15-05-2024)
BlackRock leads the global ETF space with a nearly 40% market share
DXY Futures Lose Ground Below 105 Mark; Powell Says Let Restrictive Policy Do Its Work (15-05-2024)
The dollar index futures lost ground and slumped below 105 mark as markets brushed aside elevated levels of producer price inflation for April. US producer Price Index (PPI) increased by 0.5% on monthly basis, surpassing the forecasted 0.3% rise. Similarly, the core PPI, which excludes food and energy prices, also rose by 0.5%, beating the expected 0.2% increase. Meanwhile, Federal Reserve Chair Jerome Powell said that the PPI readings were higher than expected. He added that policymakers need to be patient and let restrictive policy do its work. Investors now shift focus to US CPI report this week. The dollar index dumped aside higher PPI data and added to losses at 104.82 alongside fall in treasury yields. Among basket currencies, EURUSD and GBPUSD are quoting higher by 0.06% at $1.0842 and $1.2600 respectively.
DXY Futures Lose Ground Below 105 Mark; Let restrictive policy do its work, Says Powell (15-05-2024)
The dollar index futures lost ground and slumped below 105 mark as markets brushed aside elevated level s of producer price inflation for April. US producer Price Index (PPI) increased by 0.5% on monthly basis, surpassing the forecasted 0.3% rise. Similarly, the core PPI, which excludes food and energy prices, also rose by 0.5%, beating the expected 0.2% increase. Meanwhile, Federal Reserve Chair Jerome Powell said that the PPI readings were higher than expected. He added that policymakers need to be patient and let restrictive policy do its work. Investors now shift focus to US CPI report this week. The dollar index dumped aside higher PPI data and added to losses at 104.82 alongside fall in treasury yields. Among basket currencies, EURUSD and GBPUSD are quoting higher by 0.06% at $1.0842 and $1.2600 respectively.
Radico Khaitan stock surges 4% on strong Q4 performance (15-05-2024)
The company's consolidated revenue from operations stood at Rs 3,894.6 crore in Q4FY24, as opposed Rs 3,375.4 crore in Q4FY23
broader market outperforms; PSU banks advance (15-05-2024)
At 11:28 IST, the barometer index, the S&P BSE Sensex, was down 115.67 points or 0.16% to 72,983.14. The Nifty 50 index shed 12.40 points or 0.06% to 22,205.45.
Global funds eye India’s maturity bonds betting on RBI’s policy shift (15-05-2024)
The proportion of foreign money allocated to local bonds due in 10 years or more climbed to 17 per cent last week, up from just 11 per cent in September
Canara Bank jumps 5% post stock split; up 8% in last three sessions (15-05-2024)
State owned Canara Bank soared up to 4.8 per cent at Rs 118.90 a piece on the BSE in Wednesday's intraday deals. The stock has moved up more than 8 per cent in the last three trading sessions