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Posts in category Business Standard
CRISIL reaffirms rating of DMCC Speciality Chemicals; maintains ‘stable’ outlook (04-09-2024)
DMCC Speciality Chemicals said that CRISIL Ratings has reaffirmed its ‘CRISIL BBB+/Stable’ rating on the bank loan facilities and fixed deposit of the company.
Households to remain top net lenders to the rest of the economy in the coming decades: RBI Deputy Governor (04-09-2024)
Net financial saving of households has almost halved from its level in 2020-21 due to behavioural changes underway in the form of unwinding of prudential savings accumulated during the pandemic as well as shifts from financial assets to physical assets such as housing, Reserve Bank Deputy Governor Michael Debabrata Patra said on Tuesday. Going forward, boosted by rising incomes, households will likely build back their financial assets 15 per cent of GDP was observed during the early 2000s up to the global financial crisis. This process has already begun households financial assets have increased from 10.6 per cent of GDP during 2011-17 to 11.5 per cent during 2017-23 (excluding the pandemic year). Their physical savings have also risen in the post-pandemic years to over 12 per cent of GDP and could rise further they had reached 16 per cent of GDP in 2010-11. Accordingly, households will remain the top net lenders to the rest of the economy in the coming decades.
Why Sensex fell over 700 pts, Nifty slipped below 25,200 intraday today (04-09-2024)
On the BSE Sensex, index heavyweights like Infosys, TCS and ICICI Bank among others fell by 1 per cent each. Meanwhile, Coal India, ONGC, LTIMindtree, Mahindra and Mahindra and Wipro led losses on NSE
Volumes soar at Phoenix Mills Ltd counter (04-09-2024)
Phoenix Mills Ltd recorded volume of 34735 shares by 10:45 IST on BSE, a 6.83 times surge over two-week average daily volume of 5083 shares
Route Mobile receives GST demand notice of Rs 5 crore (04-09-2024)
Route Mobile informed that it has received a GST demand notice amounting to Rs 5.34 crore from the Office of Assistant Commissioner of State Tax Maharashtra.
Exicom Tele-Systems drops 5% after Rare Enterprise sells 1.5 mn shares (04-09-2024)
The fall in the Exicom Telecoms share price came after Late Rakesh Jhunjhunwla-backed entity Rare Enterprises offloaded 15,85,000 shares of Exicom Telecoms at Rs 348.60 per share.
India’s services sector sees stronger expansion in business activity (04-09-2024)
Another positive development included a slowdown in output charge inflation, which was helped by cost pressures retreating to their lowest in four years.
Rama Steel soars after inking strategic pact with Onix Renewable for solar projects (04-09-2024)
Rama Steel Tubes zoomed 8.37% to Rs 11.40 after the company announced a strategic collaboration with Onix Renewable for provide steel structures for latter’s solar projects.
This stock has zoomed 61% in 2 weeks as Ramesh S Damani, Promoters up stake (04-09-2024)
NIIT share price today hit a new high of Rs 190.10 on the NSE after over 6 million shares change hands