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Spreads of India steel players likely to be under pressure driven by lower realisations

Spreads of India steel players likely to be under pressure driven by lower realisations

22-03-2024 comments

New Delhi (IANS) Indian steel markets witnessed an unexpectedly soft quarter with average prices down 3-4 per cent sequentially, domestic brokerage firm JM Financial Institutional Securities said.

Spreads of India steel players are likely to…

Gold prices soar to historic high of Rs 66,778 per 10 gms

Gold prices soar to historic high of Rs 66,778 per 10 gms

21-03-2024 comments

Mumbai (IANS) Gold prices jumped to a historic high of Rs 66,778 per 10 grams on the MCX in morning trade on Thursday following the US Federal Reserve maintaining its outlook for a soft money policy with at least three rate cuts this year.

Prices…

Sensex up more than 700 points

Sensex up more than 700 points

21-03-2024 comments

New Delhi (IANS) The BSE Sensex on Thursday climbed 743.95 points or 1.03 per cent to 72,845.64 in early trade.

NTPC, IndusInd Bank are top gainers - up by 3 per cent.

The uncertainty regarding the Fed decision is over with the Fed keeping…

Jupiter Wagons announces acquisition of Bonatrans India for Rs 271 crore

Jupiter Wagons announces acquisition of Bonatrans India for Rs 271 crore

21-03-2024 comments

Chennai, (IANS) Railway wagon and passenger coach major Jupiter Wagons Limited (JWL) announced the acquisition of Bonatrans India Private Limited (BIPL) for a sum of Rs 271 crore on Thursday.

This strategic move marks a significant milestone…

'Domestic demand growth has moderated for tyre companies

'Domestic demand growth has moderated for tyre companies

20-03-2024 comments

New Delhi (IANS) Given the recent uptick in natural rubber and crude oil prices, coupled with muted demand trends in the domestic market, the margins of tyre companies may come under pressure if prices sustain at these levels, said Kotak Institutional…

RBI directs all Agency Banks to remain open on March 31

RBI directs all Agency Banks to remain open on March 31

20-03-2024 comments

Mumbai (IANS) The Reserve Bank of India (RBI) on Wednesday issued an order for all branches of banks dealing with government receipts and payments to remain open on March 31, which is a Sunday.

“The Government of India has made a request to…

FMCG stocks among top losers

FMCG stocks among top losers

19-03-2024 comments

New Delh (IANS) Fast Moving Consumer Goods (FMCG) stocks are trading weak on Tuesday with the sectoral index down 1.9 per cent.

FMCG index is among the top sectoral losers. Sensex stock Nestle is down more than 3 per cent.

Colgate Palmolive…

Balance of trade favourable with government’s impetus for exports

Balance of trade favourable with government’s impetus for exports

18-03-2024 comments

New Delhi (IANS) The balance of trade has been favourable with the government’s impetus for exporting manufactured goods under the Production Linked Incentives (PLI) scheme, building infrastructural facilities amid easing of global commodity prices,…

French carmaker Citroen joins India's BluSmart Mobility to deploy 4,000 EV SUVs

French carmaker Citroen joins India's BluSmart Mobility to deploy 4,000 EV SUVs

18-03-2024 comments

Bengaluru (IANS) French carmaker Citroen on Monday joined hands with Indian EV company BluSmart Mobility to expand the homegrown firm's all-electric fleet in the country.

The French company and BluSmart Mobility have signed an MoU that…

1,000 startups, 5,000 budding entrepreneurs at 3-day 'Startup Mahakumbh'

1,000 startups, 5,000 budding entrepreneurs at 3-day 'Startup Mahakumbh'

17-03-2024 comments

New Delhi (IANS) Over 1,000 startups, more than 1,000 investors, 5,000 future entrepreneurs and 40,000 business visitors are set to participate in 'Startup Mahakumbh' being organised at Bharat Mandapam and India Trade Promotion Organisation…

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