Posts in category Business Standard
Allcargo Gati launches QIP; floor price at Rs 106.07 /share (25-06-2024)
Allcargo Gati informed that its board approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 106.07 per share.
US Shares End Mixed; Crucial US Data Awaited (25-06-2024)
On Monday, US shares ended mixed as markets braced for key PCE inflation data and comments from several Fed officials due this week to assess the monetary policy outlook. Among the major averages, the Dow closed higher, extending gains to a fifth straight session. The index ended up by 260.88 points or 0.67 percent at 39,411.21. The Nasdaq ended at 17,496.82, losing 192.54 points or 1.09 percent. The S&P 500 settled at 5,447.87, down 16.75 points or 0.31% from the previous close. The energy sector outperformed while the tech sector was the biggest laggard as the AI-rally frenzy pause continued. Nvidia is now down 16% from its peak reached last week when it topped Apple and Microsoft as the worlds most valuable company. Investors now look ahead to US PCE inflation data and fresh central bank commentary this week to assess the monetary policy outlook. Investors are also looking ahead to the presidential debate between Joe Biden and Donald Trump this week. Meanwhile, the dollar ...
RBI appoints Arun Kumar Singh as an additional director of Bandhan Bank (25-06-2024)
Bandhan Bank said that the Reserve Bank of India has appointed Arun Kumar Singh as an additional director on the board of the bank, for a period of one year from 24 June 2024 to 23 June 2025 or till further orders, whichever is earlier.
Happiest Minds Tech block deal: Shares fall 9%; Ashok Soota likely seller (25-06-2024)
Happiest Minds block deal news: Reports suggest Happiest Minds' Promoter and Executive Chairman, Ashok Soota, was looking to sell 6 per cent stake in the company through a block deal
Indices trade with minor gains; Nifty Bank hits record high (25-06-2024)
At 10:30 ST, the barometer index, the S&P BSE Sensex, was up 205.60 points or 0.27% to 77,546.68. The Nifty 50 index added 55.45 points or 0.25% to 23,596.65. The Nifty Bank clocked an all-time high of 52,118.25 in morning trade.
Finolex Cables announces liquidation of JV – Corning Finolex Optical Fibre (25-06-2024)
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AU SFB board to mull fund raising on June 27 (25-06-2024)
AU Small Finance Bank announced that the meeting of its board of directors will be held on 27 June 2024, to consider the proposal of raising of funds by issue of equity shares.
KIMS share price zooms 6% after proposing stock split; details here (25-06-2024)
Shares of Krishna Institute of Medical Sciences (KIMS) shot up to 6.4 per cent at Rs 2187 per share on the BSE in Tuesday's intraday deals
Craftsman Automation rallies after inking MoU to acquire Sunbeam (25-06-2024)
Craftsman Automation surged 8.79% to Rs 5,260 after the company announced that it has has entered into a memorandum of understanding (MoU) with Sunbeam Lightweighting Solutions Private (Sunbeam) and Kedaara Capital Fund II LLP (Kedaara).
GOI announces the sale of two dated securities for a notified amount of ₹31,000 crore (25-06-2024)
The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) 7.10% GS 2034 for a notified amount of ₹20,000 crore, (ii) 7.34% GS 2064 for a notified amount of ₹11,000 crore. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on June 28, 2024 (Friday). GoI will have the option to retain additional subscription up to ₹2,000 crore.