Posts in category Business Standard
HUL gains 3% as Board approves sale of ‘Pureit’ to AO Smith for Rs 601 cr (16-07-2024)
HUL selling Pureit: HUL has been offloading non-core brands for a while now, as it wants to focus on core areas
Axis Bank allots 65,472 equity shares under ESOP (16-07-2024)
Axis Bank has allotted 65,472 equity shares of Rs. 2/- each of the Bank on 16 July 2024 pursuant to exercise of stock options / units under its ESOP / RSU Scheme.
Compucom Software Ltd leads gainers in ‘B’ group (16-07-2024)
Umang Dairies Ltd, Oriental Carbon & Chemicals Ltd, Indo Amines Ltd and Sportking India Ltd are among the other gainers in the BSE's 'B' group today, 16 July 2024.
Jio Financial Services share price falls over 2% after tepid Q1FY25 results (16-07-2024)
Jio Financial share price update: At 11:40 AM, Jio Financial shares were down 2.18 per cent at Rs 347.5 as against 0.26 per cent rise in the benchmark BSE Sensex
Nomura ups target price for Fortis, sees 12% upside; reiterates ‘Buy’ (16-07-2024)
The global brokerage firm maintained its 'Buy' call for Fortis Healthcare with an updated twelve month forward target price of Rs 547, a 12 per cent upside to Monday's close
JNK India surges on order win from JNK Global; up 13% since listing (16-07-2024)
The uptick in stock price came after the company announced that it has secured a 'significant' order from JNK Global.
Den Networks Q1 PAT rises 7% YoY to Rs 45 cr (16-07-2024)
The cable TV distributor's consolidated net profit rose 6.8% to Rs 45.51 crore in Q1 FY25 as against Rs 42.62 crore reported in Q1 FY24.
Chennai Petroleum Corporation Ltd leads gainers in ‘A’ group (16-07-2024)
Camlin Fine Sciences Ltd, NOCIL Ltd, Hatsun Agro Product Ltd and Tata Teleservices (Maharashtra) Ltd are among the other gainers in the BSE's 'A' group today, 16 July 2024.
US Dollar Index Renews Upside Above 104 Mark (16-07-2024)
The US dollar rebounded on Tuesday after a recent streak of losses amid rising expectation of Federal rate cuts. Federal Reserve Chair Jerome Powell reinforced expectations that the central bank will start cutting interest rates soon. Powell said on Monday that recent data add somewhat to confidence that inflation is returning to target and that the central bank will not wait until inflation hits 2% before cutting rates. The dollar index is however keeping upside intact and now above 104 mark, up 0.2% on the day as markets prefer to maintain cautious stance following a failed assassination attempt on former US President Donald Trump. Alongside DXY, yield on 10-year Treasury note rose above 4.23%, rebounding from 4-month lows. Moreover, markets have seemingly priced in a near-term rate cut and prospects of a second Trump presidency boosted the dollar and Treasury yields as his policies are seen as inflationary due to tax cuts, tighter immigration and higher import tariffs. Among ...
Century Textiles surges after real estate arm acquires land parcel in Gurugram (16-07-2024)
Century Textiles and Industries jumped 4.87% to Rs 2202.90 after the company said that its wholly owned subsidiary Birla Estates has acquired a 5-acre land parcel in Sector 71, Gurugram.