Posts in category Business Standard
Coforge consolidated net profit rises 94.86% in the March 2024 quarter (02-05-2024)
Sales rise 8.69% to Rs 2358.50 crore
INR Stays Range Bound (02-05-2024)
The Indian rupee stayed range-bound and closed 3 paise lower at 83.46 (provisional) against the US dollar on Thursday amid a strong American currency and rising crude oil prices in global markets. Positive sentiment in the domestic equity markets and the inflow of foreign capital capped a sharp fall in the domestic currency. At the interbank foreign exchange, the domestic unit opened strong at 83.41 and touched the intra-day low of 83.49 against the greenback. The benchmark S&P BSE Sensex moved in a narrow range before ending the session up 128.33 points, or 0.17 percent, at 74,611.11. The broader NSE Nifty index rose 43.35 points, or 0.19 percent, to 22,648.20, with the upside capped due to caution ahead of Apple's upcoming earnings.
Reliance Industries starts trading US oil setting Brent benchmark (02-05-2024)
LONDON (Reuters) - India's Reliance has made its first foray into trading a type of U.S. crude oil that underpins the global Brent benchmark in a process run by oil-index publisher S&P Global Commodity Insights, the publisher said.
Euro Stays Supported Above $1.07 Mark (02-05-2024)
Euro is staying supported above $1.07 mark on Thursday. The Federal Reserve staying less hawkish on interest rates caps downside for the EURUSD pair. Fed left interest rates steady and ruled out the possibility of another rate hike. However, the committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent. Currently, the pair is quoting at $1.0721, down 0.28% on the day as dollar index is slightly up at 105.63 although DXY is off a near six month high attained during intraday moves in the previous session. On the domestic docket, Eurozone Manufacturing PMI, a monthly measure of the overall health of eurozone factories and compiled by S&P Global, posted in sub-50.0 contraction territory for a twenty-second consecutive month in April. At 45.7, down from 46.1 in March, the headline figure signalled a slightly faster rate of deterioration in euro area manufacturing business ...
Omax Autos standalone net profit rises 139.05% in the March 2024 quarter (02-05-2024)
Sales rise 12.71% to Rs 103.99 crore
Ajanta Pharma consolidated net profit rises 65.82% in the March 2024 quarter (02-05-2024)
Sales rise 19.53% to Rs 1054.08 crore
Astec Lifesciences reports consolidated net loss of Rs 0.97 crore in the March 2024 quarter (02-05-2024)
Sales rise 21.09% to Rs 153.75 crore
Highest-ever advancing stocks on BSE in April amid sharp rebound in markets (02-05-2024)
The previous high was 2,322 gainers recorded in January
Federal Bank gains as Q4 PAT rises to Rs 906 crore (02-05-2024)
Federal bank advanced 3.38% to Rs 168 after the private lender's standalone net profit rose marginally to Rs 906.30 crore in Q4 FY24 as against Rs 902.61 crore posted in Q4 FY23.
Board of Confidence Petroleum India allots 4.38 lakh equity shares on conversion of warrants (02-05-2024)
At meeting held on 02 May 2024