Posts in category Business Standard
Nifty May futures trade at premium (09-05-2024)
NSE India VIX climbed 6.55% to 18.20
UK Pound Edges Lower After BoE Leaves Rates Unchanged (09-05-2024)
The British pound extended further decline from a near a one-week low on Thursday after BoE left monetary policy unchanged at 5.25%. Bank of England's Monetary Policy Committee kept rates unchanged with two members preferring a 0.25 percentage point reduction. The policy summary highlighted that twelve-month CPI inflation fell to 3.2% in March from 3.4% in February. CPI inflation is expected to return to close to the 2% target in the near term, but to increase slightly in the second half of this year, to around 2%, owing to the unwinding of energy-related base effects. The MPCs remit is clear that the inflation target applies at all times, reflecting the primacy of price stability in the UK monetary policy framework. The framework recognizes that there will be occasions when inflation will depart from the target as a result of shocks and disturbances. Monetary policy will ensure that CPI inflation returns to the 2% target sustainably in the medium term, the bank noted. Currently, ...
Punjab National Bank Q4 PAT soars to Rs 3,010 cr (09-05-2024)
The public lender reported standalone net profit of Rs 3,010.27 crore in Q4 FY24 steeply higher than Rs 1,158.61 crore reported in Q4 FY23.
TVS Motor records PAT of Rs 485 crore in Q4; Op. EBITDA margin at 11.3% (09-05-2024)
TVS Motor Company has reported 18% rise in standalone net profit to Rs 485 crore in Q4 FY24 from Rs 410 crore in Q4 FY23.
Singapore Exchange Market ends marginally up (09-05-2024)
At closing bell, the Straits Times Index (STI) index edged up 1.42 points, or 0.04% to 3,265.95 after trading between 3,241.13 and 3,267.97. Across the broader market, advancers outpaced decliners with 300 to 264, with 942.20 million securities worth S$1.08 billion changed hands.
Hong Kong: Market rises on China trade growth, property support (09-05-2024)
Meanwhile, the latest Chinas property policy in a megacity also improved sentiment. China's eastern metropolis of Hangzhou said on Thursday it will lift all home purchase restrictions to shore up its real estate market, raising the prospect of other cities following suit.
Vakrangee consolidated net profit rises 222.06% in the March 2024 quarter (09-05-2024)
Sales rise 5.79% to Rs 53.89 crore
Hikal consolidated net profit declines 5.64% in the March 2024 quarter (09-05-2024)
Sales decline 4.68% to Rs 512.75 crore
Nitin Spinners standalone net profit rises 1.63% in the March 2024 quarter (09-05-2024)
Sales rise 22.28% to Rs 800.71 crore
Capital Small Finance Bank standalone net profit rises 16.33% in the March 2024 quarter (09-05-2024)
Total Operating Income rise 14.33% to Rs 204.20 crore