Posts in category Business Standard
This wealth management stock has zoomed 394% in 1 year; approves buyback (15-04-2024)
The board of directors has approved a proposal to buyback up to 370,000 equity shares of the company at Rs 4,450 per equity share, aggregating up to Rs 164.65 crore
Brigade Ent to invest Rs 400 cr to develop office space in Chennai (15-04-2024)
Brigade Enterprises said that it has entered into a joint development agreement (JDA) with Agni Estates & Foundations to develop Brigade Tech Boulevard, a 'Grade A' office space in Chennai.
Financials shares slide (15-04-2024)
Financials stocks were trading with losses, with the S&P BSE Financial Services index falling 144.22 points or 1.35% at 10507.1 at 13:42 IST.
Information Technology shares fall (15-04-2024)
Information Technology stocks were trading in the negative zone, with the S&P BSE IT Sector index falling 456.32 points or 1.28% at 35325.34 at 13:42 IST.
Ambuja Cements to acquire 1.5 MTPA grinding unit at Tuticorin for Rs 413.75 crore (15-04-2024)
Ambuja Cements said that it has signed a definitive agreement to acquire My Home Group's 1.5 million tones per annum (MTPA) Cement Grinding Unit in Tuticorin, Tamil Nadu.
Barometers turn rangebound, Nifty near 22,350 mark (15-04-2024)
At At 13:29 IST, the barometer index, the S&P BSE Sensex, slipped 594.69 points or 0.80% to 73,650.21. The Nifty 50 index declined 170.15 points or 0.76% to 22,349.25.
Growth momentum in Indian economy expected to persist, farm sector seen challenges (15-04-2024)
Organization of Petroleum Exporting Countries (OPEC) has stated in a monthly update that the robust growth momentum in Indian economy is expected to persist, benefiting from the strong finish to 2023, with 4Q23 growth reaching 8.4%, y-o-y. Manufacturing continues to play a crucial role in driving growth, supported by Production Linked Incentives (PLI) schemes in strategic sectors. Confidence levels remain high, as indicated by the upward trajectory of PMI indexes in both manufacturing and services. While unemployment shows a slight decline, the services sector could experience upside potential. However, the agricultural sector is anticipated to face challenges due to ongoing issues related to irregular weather patterns and relatively low water reservoir levels, leading to decreased output and sectoral performance.
India’s Wholesale Inflation Reaches 3-Month High At 0.53% In March (15-04-2024)
Wholesale Price Index (WPI) inflation stood at 0.2 percent in February and 1.34 percent in March 2023. Food prices rose 4.65 per cent as compared with an increase of 4.09 percent in February.
Speculative Net Long Positions In Euro Rise (15-04-2024)
Large currency speculators net long positions in the Euro futures market rose, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 32723 contracts in the data reported through April 09, 2024. This was a weekly rise of 15929 net contracts even as net long position stay at its lowest level since September 2022.
Vi FPO to open on April 18: Check lot size, price band, other details (15-04-2024)
The Vi FPO is scheduled to open for subscription on April 18, 2024, and close on April 22