Posts in category Business Standard
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
Indices trade with limited losses; VIX suprts 4.70% (15-04-2024)
At At 12:29 IST, the barometer index, the S&P BSE Sensex, slipped 438.93 points or 0.59% to 73,805.97. The Nifty 50 index declined 126.90 points or 0.56% to 22,392.50.
Patanjali Foods reports stable performance in Q4 (15-04-2024)
The FMCG company informed that it has recorded a steady quarterly performance led by consistent result in both the edible oil segment and the food & FMCG segment.
Aster DM hits life high on special dividend of Rs 118/share (15-04-2024)
Aster DM Healthcare surged 7.67% at Rs 525.40 after the company said its board has declared a special dividend of Rs 118 per equity share.
Acuite Ratings reaffirms ratings of TARC with ‘stable’ outlook (15-04-2024)
TARC stated that Acuite Ratings & Research has reaffirmed its long-term rating of 'ACUITE BB+ on the Rs 1,130 crore non-convertible debentures of the company, with 'stable' outlook.
Senco Gold Ltd leads gainers in ‘B’ group (15-04-2024)
Selan Explorations Technology Ltd, Likhitha Infrastructure Ltd, Rajdarshan Industries Ltd and Saurashtra Cement Ltd are among the other gainers in the BSE's 'B' group today, 15 April 2024.
Adani Green’s solar energy sales rises 7% YoY in Q4 (15-04-2024)
The power generation company reported a 7% YoY increase in solar portfolio energy sales to 3,066 million units in Q4 FY24 as against 2,872 million units posted in Q4 FY23.