Posts in category Business Standard
Hong Kong Market surges on China support pledge (23-04-2024)
Chinas securities regulators unveiled measures on Friday to bolster the Hong Kong market by adding more exchange-traded funds to the Stock Connect programme and supporting listings of Chinese companies in the city
China Market slips 0.74% (23-04-2024)
At close of trade, the benchmark Shanghai Composite index was down 0.74%, or 22.62 points, to 3,021.98. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.19%, or 3.22 points, to 1,675.05.
Zydus announces NDA acceptance of Desidustat in China by NMPA (23-04-2024)
Desidustat, administered orally is a novel, oral Hypoxia-Inducible Factor-Prolyl Hydroxylase Inhibitor (HIF-PHI) for treating anaemia in Chronic Kidney Disease (CKD) patients. CKD involves the gradual loss of functioning of kidneys and eventually leads to kidney failure.
Healthy kidneys naturally secrete a hormone called Erythropoietin (EPO), which stimulates red blood cell production also known as erythropoiesis. When kidneys are impaired as in patients suffering from Chronic Kidney Disease, EPO production is impaired, leading to development of anaemia. HIF-PHI promotes erythropoiesis through increasing endogenous
erythropoietin, reducing hepcidin thereby improves iron availability.
NBCC secures record new works of Rs 23,500 in FY24 (23-04-2024)
NBCC (India) secured significant business during FY23-24 and it has secured record new works of Rs. 23,500 crore on consolidated basis and Rs. 18,400 crore on standalone basis, as compared to Rs. 6,700 crore (Consolidated basis) and Rs. 4,225 crore (Standalone basis) in preceding FY.
Market gains for 3rd day, Nifty ends above 22,350; VIX slumps 19.72% (23-04-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, was up 89.83 points or 0.12% to 73,738.45. The Nifty 50 index added 31.60 points or 0.14% to 22,368.00.
Quick Wrap: Nifty Realty Index gains 2.58% (23-04-2024)
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NBCC rallies as new orders zoom 250% YoY in FY24 (23-04-2024)
NBCC (India) soared 7.78% to Rs 134.40 after the civil construction firm announced that it has secured record new works of Rs 23,500 crore on consolidated basis and Rs 18,400 crore on standalone basis during FY 23-24.
Euro’s Recovery Attempt From Over 5-Month Low Wanes As Eurozone Manufacturing PMI Worsens (23-04-2024)
The Euro is steadying at an over five-month low against the dollar on Tuesday as dollar index continues to hover around 106 mark, making it difficult for the single common currency to bounce back. US benchmark treasury yields are also staying elevated at 4.6% tracking hawkish comments from Fed officials amid concerns over inflation. EURUSD pair is currently quoting at $1.0681, almost flat for the day. The pair attempted to pick up fresh bids above $1.07 mark in immediate reaction to mixed German PMI data but lost momentum after Eurozone manufacturing PMI contracted further in April. The Eurozone Manufacturing Purchasing Managers Index (PMI) came in at 45.6 in April, down from the 46.1 reading in March, lower than the market consensus of 46.5. The index slipped to a four-month low. The blocs Services PMI rose to 52.9 in April from 51.5 in March, hitting a fresh eleven-month high. Meanwhile, German Manufacturing PMI rose to 42.2 this month, compared with the 42.8 estimate and Marchs ...
Mahindra EPC Irrigation consolidated net profit declines 45.62% in the March 2024 quarter (23-04-2024)
Sales rise 0.30% to Rs 71.17 crore
Australia Market extends gain (23-04-2024)
At closing bell, the benchmark S&P/ASX200 index advanced by 34.35 points, or 0.45%, to 7,683.51. The broader All Ordinaries index added 35.92 points, or 0.45%, to 7,937.94.