Tata Steel said that it has signed a 500 million grant funding agreement with the UK Government allowing it to proceed at pace with the project to install an electric arc furnace at the Port Talbot steelworks in Wales.
Posts in category Business Standard
Airtel Business signs agreement with Sparkle (12-09-2024)
For additional capacity on the Blue]Raman Submarine Cable Systems
Thermax collaborates with Ceres Power for green hydrogen production (12-09-2024)
Thermax said that it has entered into a strategic collaboration with Ceres Power for green hydrogen production with large-scale solid oxide electrolysis cell (SOEC) manufacturing in India.
P N Gadgil Jewellers IPO subscribed 59.40 times (12-09-2024)
The offer received bids for 100.30 crore shares as against 1.68 crore shares on offer.
Euro lingers near a month low against dollar ahead of ECB decision (12-09-2024)
Euro continues to linger around a one-month low on Thursday as investors await ECB interest rate decision later today. The monetary policy statement by ECB President Christine Lagarde is likely to inject volatility in the euro and dollar pair. The European Central Bank (ECB) interest rate decision will be announced alongside the publication of the staffs updated economic projections following the September monetary policy meeting. After standing pat on interest rates in July, the central bank is widely expected to reduce key rates at its upcoming policy meeting. Some of the main drivers behind an expected rate cut include sluggish economic growth across the euro zone and cooling inflation, which fell back toward the central banks 2% target in August. Currently, the EURUSD pair is quoting at $1.10, flat on the day and at its lowest level in almost a month.
Sensex soars 1440 pts, Nifty ends above 25,388 on positive global signals (12-09-2024)
The domestic stock market concluded Thursday’s trading session with significant gains. The benchmark Nifty50 index surged above 25,433, marking a new high. While market volatility was observed due to the expiry of weekly index options, a broad-based rally lifted the overall market. Key sectors contributing to the gains included metals, auto, and public sector banks. The positive sentiment in the Indian market was likely influenced by the upbeat global market mood, fueled by expectations of interest rate cuts by major central banks. This global optimism provided a supportive backdrop for the domestic market.
Minda Corporation gains as board OKs fund raising upto Rs 1,000 cr (12-09-2024)
Minda Corporation rose 1.83% to Rs 540.20 after its board approved fund raising via preferential issue of shares or qualified institutional placement (QIP) mode in one or more tranches.
Japanese shares rise highest in a month (12-09-2024)
The Nikkei average soared 3.41 percent to 36,833.27, halting a seven-day slide. The broader Topix index settled 2.44 percent higher at 2,592.50.
Chinese markets underperform regional peers (12-09-2024)
The dollar held firm in Asian trading as signs of some stickiness in U.S. inflation dented hopes for a big rate cut at next week’s Federal Reserve meeting.
Nifty September futures trade at discount (12-09-2024)
NSE India VIX slipped 3.26% as shares rose.