Posts in category Business Standard
JSW Infra Q4 PAT rises 10% YoY to Rs 330 cr (03-05-2024)
On consolidated basis, JSW Infrastructure reported 9.84% rise in net profit to Rs 330.01 crore in Q4 FY24 as against Rs 300.44 crore recorded in Q4 FY23.
VMS Industries standalone net profit declines 15.85% in the March 2024 quarter (03-05-2024)
Sales rise 237.78% to Rs 91.64 crore
HFCL consolidated net profit rises 53.24% in the March 2024 quarter (03-05-2024)
Sales decline 7.46% to Rs 1326.06 crore
JSW Infrastructure consolidated net profit rises 9.84% in the March 2024 quarter (03-05-2024)
Sales rise 19.78% to Rs 1096.38 crore
Australia Market extends gain to second day (03-05-2024)
At closing bell, the benchmark S&P/ASX200 index advanced 42 points, or 0.55%, to 7,628.97. The broader All Ordinaries index was up 48.10 points, or 0.61%, to 7,897.52.
Coforge Ltd leads losers in ‘A’ group (03-05-2024)
Voltamp Transformers Ltd, Aptech Ltd, Lloyds Engineering Works Ltd and Dhani Services Ltd are among the other losers in the BSE's 'A' group today, 03 May 2024.
Kriti Industries (India) consolidated net profit declines 77.49% in the March 2024 quarter (03-05-2024)
Sales rise 3.33% to Rs 194.62 crore
Triveni Glass reports standalone net profit of Rs 1.26 crore in the March 2024 quarter (03-05-2024)
Reported sales nil
Sebi streamlines digital onboarding for portfolio managers’ clients (03-05-2024)
Capital markets regulator Sebi on Friday relaxed the digital onboarding process for clients of portfolio managers, a move aimed at facilitating ease of doing business.
While onboarding clients, portfolio managers will have to ensure that new clients use a typed or electronically written note saying that they have understood the fee structure rather than the current practice that focuses on clients giving the same in their own handwriting.
The change, aimed at making digital onboarding easier, would become effective from October 1, the Securities and Exchange Board of India (Sebi) said in a circular.
The move came after Sebi observed certain operational challenges in complying with the requirement of a handwritten note on the annexure of fees in the agreements, including the non-availability of a stylus at the location of the investors.
This requirement was creating a hindrance towards the complete digital onboarding of the clients.
"While on-boarding a client, portfolio manager sh
British Pound Attempts Recovery Towards $1.26 Mark; BoE Decision On Tap (03-05-2024)
The British pound is adding slight momentum against the dollar on Friday as the American currency is adding to weakness following a less hawkish FOMC this week. Investors now shift focus to April non-farm payrolls data later in the global day for further cues on Federal stance on interest rates. Currently, dollar index futures are quoting marginally down on the day at 105.09, tracking falling treasury yields with benchmark 10-year yields quoting at 4.5%. Easing geo political tensions in the Middle East are also reducing safe haven demand for the greenback that is seen willing to break below 105 mark. GBPUSD pair is currently quoting at $1.2564, up 0.18% on the day. BoEs monetary policy decision slated next week is also keenly awaited for further guidance on direction. From the UK docket, the seasonally adjusted S&P Global UK Services PMI Business Activity Index was at 55.0 in April, up from 53.1 in March. The latest reading indicated the fastest rate of business activity growth ..