Posts in category Economic Times
Dollar buoyed by strong economy, geopolitical tensions; yen weakest since 1990 (16-04-2024)
The dollar briefly reached a five-month high against the euro on Tuesday and the yen fell to its lowest level since 1990 and came closer to the key 155 level, which traders are watching for possible intervention by Japanese authorities.
Fed could keep monetary policy tight for longer if needed, says Jefferson (16-04-2024)
Federal Reserve Vice Chair Philip Jefferson, in remarks devoid of any mention of interest rate cuts, said on Tuesday "it will be appropriate to hold in place the current restrictive stance of policy for longer" if inflation fails to slow as expected.
Sterlite Technologies raises Rs1000 crore from qualified institutional investors (16-04-2024)
Broadband technology company Sterlite Technologies has raised Rs 1,000 crore by issuing equity to qualified institutional investors (QIPs), which include both Indian and international investors, the company announced on Tuesday through a stock exchange filing.
GTPL Hathway Q4 Results: Company back in black with Rs 16-crore net profit (16-04-2024)
GTPL Hathway reported a consolidated net profit of Rs 16 crore for the quarter ending March 31, compared to a net loss of Rs 11 crore in the same quarter of the previous fiscal.
Gold eases as rate cut concerns counter geopolitical risks (16-04-2024)
Gold prices eased on Tuesday, as rising expectations of fewer U.S. rate cuts this year overshadowed safe-haven demand amid ongoing tensions in the Middle East.
Dow jumps 257 points at open as upbeat earnings obscure Mideast jitters (16-04-2024)
The S&P 500 opened higher by 2.77 points, or 0.05%, at 5,064.59, while the Nasdaq Composite dropped 28.64 points, or 0.18%, to 15,856.38 at the opening bell.
Rekha Jhunjhunwala cuts stake in this Tata group stock and 4 others (16-04-2024)
Jhunjhunwala owned about 1.8% stake in Tata Communications towards the end of December quarter, pared the stake in the company by 0.3%, bringing the overall holding to 1.6% at the end of March quarter.
Heating equipment company JNK India announces IPO launch on April 22. Check details (16-04-2024)
JNK India IPO comprises fresh equity of up to Rs 300 crore and an OFS of up to Rs 84.2 lakh worth of shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal, JNK Heaters, Mascot Capital and Marketing, and Milind Doshi will offload shares.
Equity investors become poorer by Rs 7.93 lakh cr in three days (16-04-2024)
The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days.