Posts in category Business Standard
China Market falls on geopolitical woes (19-04-2024)
The latest geopolitical developments prompted concerns over a widening of the Israel-Hamas war in Gaza to include other countries in the Middle East. As per reports, Israel launched missiles at Iran in retaliation for an April 13 attack on Israel that was in response to an alleged Israeli assault that killed Iranian military leaders on April 1.
Market snaps 4-day losing run; Nifty ends at 22,147 (19-04-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 599.34 points or 0.83% to 73,088.33. The Nifty 50 index gained 151.15 points or 0.69% to 22,147.
Uno Minda acquires further 26% stake in Minda Westport Technologies (19-04-2024)
With this acquisition, now the stake of the Company in MWTL stand increased to 7 6% and MWTL has become a subsidiary of Uno Minda.
Axis Bank board to mull fund raising (19-04-2024)
The private lender announced that its board will consider the proposal of fund raising on Wednesday, 24 April 2024.
Australia Market tumbles amid escalating Middle East tensions (19-04-2024)
Israeli Prime Minister Benjamin Netanyahu had vowed retaliation earlier this week following a volley of attacks from Iran on the weekend.
Japan Nikkei tumbles 2.66% amid Middle East tension (19-04-2024)
The stock market sell-off spurred as news of the Israeli attack on Iran apparently triggered a computer algorithm that is programmed to sell stocks and buy bonds, the yen and oil, mainly through futures.
Bank credit up nearly 20% on year (19-04-2024)
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Elecon Engg hits record high on strong Q4 outcome, board OKs 1:2 stock split (19-04-2024)
Elecon Engineering Company soared 11.69% to Rs 1185.80 after the company's consolidated net profit surged 52.56% to Rs 103.65 crore on 33% rise in revenue from operations to Rs 564.62 crore in Q4 FY24 over Q4 FY23.
British Pound Holds Above $1.24 Mark; UK Retail Sales Stagnates In March (19-04-2024)
The British pound sees a minor uptick from a 5-month low against the dollar on Friday even as risk off sentiments could drag the unit further down. Persistent Middle East tensions could drag the greenback higher which could add pressure on the Britain currency. The dollar index is pulling back slightly below 106 mark during intraday moves today, supporting gains in pound. Currently, GBPUSD is quoting at $1.2449, up 0.08% on the day and holding above the crucial $1.24 mark. Meanwhile, data from the UK docket showed retail sales were unchanged in March compared with the previous month, less than the 0.3% increase forecast. In February, Retail Sales grew by a meager 0.1%. On an annual basis, Retail Sales grew sharply by 0.8% after contracting by 0.3% in February. This stagnation in retail sales indicates that central banks high interest rates have significantly impacted consumer spending. Meanwhile, Federal Reserve future course of action is likely to guide the currency pairs going ...
Jubilant Pharmova Ltd leads losers in ‘A’ group (19-04-2024)
Tata Communications Ltd, Ion Exchange (India) Ltd, CRISIL Ltd and Neuland Laboratories Ltd are among the other losers in the BSE's 'A' group today, 19 April 2024.