India’s forex reserves jumped by USD 7.023 billion to touch a new high of USD 681.688 billion in the week ended August 23, the RBI said on Friday. The overall reserves had jumped by USD 4.546 billion to USD 674.664 billion in the previous reporting week. The previous all-time high for the overall reserves was recorded at USD 674.919 billion as on August 2.
Posts in category Business Standard
August auto sales impact: Hero, Eicher, and Maruti gain; TaMo, TVS slip (02-09-2024)
Automaker Tata Motors saw an 8.1 per cent drop in total sales for August 2024, totaling 71,693 vehicles compared to 78,010 units in August 2023.
Escorts Kubota Aug’24 sales climb to 5,614 units (02-09-2024)
The tractor manufacturer announced that its agri machinery business division sales grew marginally to 5,614 units in August 2024 as against 5,593 units sold in August 2023.
Adani Energy Solutions undertakes 7GW Khavda IVA Power Transmission project (02-09-2024)
Khavda IVA Power Transmission, a special purpose vehicle (SPV,) set up by RECPDCL for evacuating 7 GW of Renewable Energy (RE) from Khavda RE park, under Phase IV Part A package, has been acquired by AESL to execute the project. The Khavda IVA transmission line, part of National Grid, will help evacuate 7 GW of RE by connecting 765 kV double circuit lines from Khavda to Lakadia and Khavda to Bhuj (both in Gujarat) and setting up transformation capacity of 4,500 MVA.
Sensex gains 235 pts, FMCG shares advance (02-09-2024)
At 10:30 ST, the barometer index, the S&P BSE Sensex gained 235.94 points or 0.29% to 82,605.71. The Nifty 50 index added 58.55 points or 0.23% to 25,294.45.
Indian Hume Pipe surges 14% on securing LoI for order worth Rs 859 crore (02-09-2024)
Indian Hume Pipe has received a letter of intent, with order value of Rs 858.88 crore from Tapi Irrigation Development Corp, Jalgaon, for the construction of gravity piped distribution network.
Hazoor Multi Projects hits all time high on baggind orders for Rs 70 cr (02-09-2024)
Hazoor Multi Projects was locked in upper circuit of 5% at Rs 490.35 after it received orders from Welspun Enterprises and B.G. Shirke Const. Tech., aggregating to Rs 70 crore.
Indian Hume Pipe hits life high on bagging order of Rs 859 crore (02-09-2024)
Indian Hume Pipe Company surged 8.51% to Rs 583.85 after the company received letter of intent from Tapi Irrigation Development Corporation Jalgaon, Maharashtra for an EPC project worth Rs 858.88 crore.
Brokerages bullish on Gala Precision IPO; GMP jumps 45%; should you bid? (02-09-2024)
Several brokerages, including Deven Choksi Research, Anand Rathi, Swastika Investmart, and Choice, have shared their outlook on the Gala Precision Engineering IPO for the investors
Oriana Power hits the roof on bagging Rs 248-cr order from BPCL (02-09-2024)
Oriana Power was locked in upper circuit of 5% at Rs 2,193.15 after the company received an order worth Rs 247.88 crore for executing of 52-MW solar power project from Bharat Petroleum Corporation (BPCL).