Posts in category Business Standard
Godrej Agrovet consolidated net profit rises 84.17% in the March 2024 quarter (08-05-2024)
Sales rise 1.42% to Rs 2118.56 crore
Bajaj Consumer Care consolidated net profit declines 12.06% in the March 2024 quarter (08-05-2024)
Sales decline 4.86% to Rs 234.23 crore
Gifted shares may escape capital gains tax if HC ruling sets precedent (08-05-2024)
The court held that a gift is a voluntary transfer and does not require consideration. Only when there is consideration received can profit or gain be measured
Hong Kong Market falls 0.9% (08-05-2024)
At closing bell, the benchmark Hang Seng Index fell by 165.51 points, or 0.9%, to 18,313.86. The Hang Seng China Enterprises Index dropped 69.95 points, or 1.07%, to 6,456.72.
Leading refiner, that brings in up to 20% gold, starts trading on India INX (08-05-2024)
BSE's arm India International Exchange (India INX) on Wednesday said India's leading gold refiner, which brings in up to 20 per cent of the country's gold, has started trading gold futures on its platform.
This suggests that India INX, set up at GIFT City (Gujarat International Finance Tec-City), is becoming the main place for Indian jewellers and gold importers to hedge against the risk in gold prices.
"Today, one of India's top gold refineries, which brings in 15 per cent to 20 per cent of the country's gold, has started trading gold futures to hedge against gold price volatility," India INX said in a statement.
However, the bourse did not disclose the name of the refiner.
In December 2022, the Reserve Bank of India (RBI) allowed Indian companies (except individuals) to manage their gold price risk on recognised exchanges within the International Financial Services Centre (IFSC). The move provided more options for Indian companies to hedge against volatility in gold prices throug
BSE SME IPO of TGIF Agribusiness subscribed 1.38 times (08-05-2024)
The offer received bids for 9.55 lakh shares as against 6.87 lakh shares on offer.
Cautious calm in stock market: election fog, lackluster earnings keep investors sidelined (08-05-2024)
Domestic stock market ended flat Wednesday, with the Nifty 50 settling near the 22,300 mark. Investor caution ruled the day as election jitters kept them on the sidelines. While oil & gas, auto, and metals found some buying interest, banking and IT stocks saw profit-taking, dragging the indices. Even supportive European cues could not lift spirits, as ongoing foreign fund outflows and a lack of earnings season fireworks keeping a lid on optimism.
China Market falls on profit taking, ahead of trade data (08-05-2024)
Optimism over improving economic conditions in China- amid persistent stimulus measures and easing restrictions on investment- had driven key indices to six-month highs. The trade data due on Thursday is expected to show more signs of recovery in the world's second largest economy.
Aadhar Housing Finance IPO subscribed 43% (08-05-2024)
The offer received bids for 3.04 crore shares as against 7 crore shares on offer.
TBO Tek IPO subscribed 1.15 times (08-05-2024)
The offer received bids for 1.06 crore shares as against 0.92 crore shares on offer.