Posts in category Business Standard
ITC Infotech to acquire Blazeclan Technologies (18-04-2024)
Blazeclan is a born-in-the-cloud consulting company providing cloud services on AWS, Azure and GCP, and has been recognized as a Niche Player in the 2023 Gartner Magic Quadrant for Public Cloud IT
Transformation Services.
Nifty April futures trade at premium (18-04-2024)
NSE India VIX climbed 3.36% as shares tumbled.
Hong Kong: Market ends higher (18-04-2024)
Shares of banks and insurance companies were higher on bargain hunting, with AIA rallied 2.2% to HK$47.85 and its peer Ping An added 4.1% to HK$31.40.
China Market ends mixed on geopolitical tensions (18-04-2024)
Market participants were also concerns about higher trade tensions between world two largest economies, as President Joe Biden on Wednesday called for sharply higher U.S. tariffs on Chinese metal products as part of a package of policies aimed at pleasing steelworkers in the swing state of Pennsylvania, at the risk of angering Beijing.
Australia Market rebounds 0.5% (18-04-2024)
At closing bell, the benchmark S&P/ASX200 index was up 36.52 points, or 0.48%, to 7,642.11. The broader All Ordinaries index advanced 37.85 points, or 0.48%, to 7,898.86.
Singapore Market rises 1.05% (18-04-2024)
At closing bell, the Straits Times Index (STI) index was up 32.97 points, or 1.05% to 3,187.66 after trading between 3,160.22 and 3,197.20. Volume of 1.88 billion shares worth S$1.43 billion changed hands. Across the broader market, advancers outpaced decliners with 313 to 237.
Euro Recovers From Multi-Month Low Against Dollar But Momentum Fades (18-04-2024)
Euro loses steam during the European hours on Thursday after having recovered significantly from a five and half month low against the dollar earlier in the week. Pull back in dollar index futures from recent rally supported the single common currency. Possibility of a near term rate cut by ECB is adding pressure on the euro although European Central Bank President Christine Lagarde hinted on Wednesday that it was too early for the ECB to review its 2% inflation target because its fight to rein in price growth was not over yet. This could keep the euro supported. EURUSD is currently trading at $1.0698, almost flat on the day after having hit a low of $1.0629 this week. Meanwhile, data today showed Euro area current account surplus decreased to a 3-month low in February. The current account surplus dropped to EUR 29.0 billion in February from EUR 39.0 billion in January. This was the lowest surplus since November last year.
Kronox Lab Sciences gets Sebi’s go ahead to float Rs 45 crore IPO (18-04-2024)
Speciality chemicals company Kronox Lab Sciences has received Sebi's go ahead to raise funds through an initial public offering (IPO), an update with the capital markets regulator showed on Thursday.
The proposed offer comprises a fresh issue of equity shares worth Rs 45 crore and an offer for sale (OFS) of 78 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP).
As per market sources, the estimated IPO size is Rs 150 crore.
The company, which filed preliminary IPO papers with Sebi in January this year, obtained its observations on April 12, the latest update showed.
In Sebi's parlance, obtaining observations means its go ahead to float the public issue.
As per the draft papers, proceeds from the fresh issue will be utilised for funding the working capital requirements and general corporate purposes.
Vadodara-based Kronox is a manufacturer of high-purity specialty fine chemicals. Its products find application in a wide spectrum of industries for .
Quick Wrap: Nifty PSE Index falls 1.26% (18-04-2024)
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HDFC Life Insurance Company consolidated net profit rises 13.72% in the March 2024 quarter (18-04-2024)
Sales rise 5.47% to Rs 20533.71 crore