Posts in category Business Standard
Leading refiner, that brings in up to 20% gold, starts trading on India INX (08-05-2024)
BSE's arm India International Exchange (India INX) on Wednesday said India's leading gold refiner, which brings in up to 20 per cent of the country's gold, has started trading gold futures on its platform.
This suggests that India INX, set up at GIFT City (Gujarat International Finance Tec-City), is becoming the main place for Indian jewellers and gold importers to hedge against the risk in gold prices.
"Today, one of India's top gold refineries, which brings in 15 per cent to 20 per cent of the country's gold, has started trading gold futures to hedge against gold price volatility," India INX said in a statement.
However, the bourse did not disclose the name of the refiner.
In December 2022, the Reserve Bank of India (RBI) allowed Indian companies (except individuals) to manage their gold price risk on recognised exchanges within the International Financial Services Centre (IFSC). The move provided more options for Indian companies to hedge against volatility in gold prices throug
BSE SME IPO of TGIF Agribusiness subscribed 1.38 times (08-05-2024)
The offer received bids for 9.55 lakh shares as against 6.87 lakh shares on offer.
Cautious calm in stock market: election fog, lackluster earnings keep investors sidelined (08-05-2024)
Domestic stock market ended flat Wednesday, with the Nifty 50 settling near the 22,300 mark. Investor caution ruled the day as election jitters kept them on the sidelines. While oil & gas, auto, and metals found some buying interest, banking and IT stocks saw profit-taking, dragging the indices. Even supportive European cues could not lift spirits, as ongoing foreign fund outflows and a lack of earnings season fireworks keeping a lid on optimism.
China Market falls on profit taking, ahead of trade data (08-05-2024)
Optimism over improving economic conditions in China- amid persistent stimulus measures and easing restrictions on investment- had driven key indices to six-month highs. The trade data due on Thursday is expected to show more signs of recovery in the world's second largest economy.
Aadhar Housing Finance IPO subscribed 43% (08-05-2024)
The offer received bids for 3.04 crore shares as against 7 crore shares on offer.
TBO Tek IPO subscribed 1.15 times (08-05-2024)
The offer received bids for 1.06 crore shares as against 0.92 crore shares on offer.
Vijaya Diagnostic Centre consolidated net profit rises 21.68% in the March 2024 quarter (08-05-2024)
Sales rise 28.28% to Rs 155.21 crore
Nifty May futures trade at premium (08-05-2024)
State Bank of India, HDFC Bank and Canara Bank were the top traded contracts.
Sterlite Tech slides on reporting dismal Q4 numbers (08-05-2024)
Sterlite Technologies (STL) slipped 5.10% to Rs 124.65 after the firm reported a consolidated net loss of Rs 82 crore in Q4 FY24 as against a net profit of Rs 63 crore recorded in Q4 FY23.
Balaji Amines spurts as Q4 PAT climbs 44% YoY to Rs 68 cr (08-05-2024)
Balaji Amines jumped 9.76% to Rs 2,295.05 after the company's consolidated net profit surged 43.49% to Rs 68.03 crore in Q4 FY24 from Rs 47.41 crore posted in Q4 FY23.