Posts in category Business Standard
Coforge Ltd leads losers in ‘A’ group (03-05-2024)
Voltamp Transformers Ltd, Aptech Ltd, Lloyds Engineering Works Ltd and Dhani Services Ltd are among the other losers in the BSE's 'A' group today, 03 May 2024.
Kriti Industries (India) consolidated net profit declines 77.49% in the March 2024 quarter (03-05-2024)
Sales rise 3.33% to Rs 194.62 crore
Triveni Glass reports standalone net profit of Rs 1.26 crore in the March 2024 quarter (03-05-2024)
Reported sales nil
Sebi streamlines digital onboarding for portfolio managers’ clients (03-05-2024)
Capital markets regulator Sebi on Friday relaxed the digital onboarding process for clients of portfolio managers, a move aimed at facilitating ease of doing business.
While onboarding clients, portfolio managers will have to ensure that new clients use a typed or electronically written note saying that they have understood the fee structure rather than the current practice that focuses on clients giving the same in their own handwriting.
The change, aimed at making digital onboarding easier, would become effective from October 1, the Securities and Exchange Board of India (Sebi) said in a circular.
The move came after Sebi observed certain operational challenges in complying with the requirement of a handwritten note on the annexure of fees in the agreements, including the non-availability of a stylus at the location of the investors.
This requirement was creating a hindrance towards the complete digital onboarding of the clients.
"While on-boarding a client, portfolio manager sh
British Pound Attempts Recovery Towards $1.26 Mark; BoE Decision On Tap (03-05-2024)
The British pound is adding slight momentum against the dollar on Friday as the American currency is adding to weakness following a less hawkish FOMC this week. Investors now shift focus to April non-farm payrolls data later in the global day for further cues on Federal stance on interest rates. Currently, dollar index futures are quoting marginally down on the day at 105.09, tracking falling treasury yields with benchmark 10-year yields quoting at 4.5%. Easing geo political tensions in the Middle East are also reducing safe haven demand for the greenback that is seen willing to break below 105 mark. GBPUSD pair is currently quoting at $1.2564, up 0.18% on the day. BoEs monetary policy decision slated next week is also keenly awaited for further guidance on direction. From the UK docket, the seasonally adjusted S&P Global UK Services PMI Business Activity Index was at 55.0 in April, up from 53.1 in March. The latest reading indicated the fastest rate of business activity growth ..
Go Fashion hits 52-week low, tanks 11% on weak Q4 earnings; profit down 12% (03-05-2024)
Total revenue, however, grew 15 per cent to Rs 181.70 crore, against Rs 157.60 crore in the corresponding quarter of the previous year
Kriti Industries (India) Ltd leads losers in ‘B’ group (03-05-2024)
Skipper Ltd Partly Paidup, Arvind SmartSpaces Ltd, Bliss GVS Pharma Ltd and PDS Ltd are among the other losers in the BSE's 'B' group today, 03 May 2024.
Kriti Industries (India) standalone net profit declines 78.20% in the March 2024 quarter (03-05-2024)
Sales rise 3.33% to Rs 194.62 crore
Steel Exchange India reports standalone net profit of Rs 19.75 crore in the March 2024 quarter (03-05-2024)
Sales decline 21.61% to Rs 312.15 crore
Adani Green Energy consolidated net profit declines 70.47% in the March 2024 quarter (03-05-2024)
Sales decline 3.29% to Rs 2498.00 crore