Business News Highlights: Indices Reverse Trend, Sensex Settles 20 Points Lower, Nifty Under 23K
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DCM Shriram Industries Q4: Net Profit Rises 23 Per Cent YoY
DCM Shriram Industries reported a 23 per cent jump in consolidated net profit to Rs 38.64 crore in the fourth quarter of the 2023-24 fiscal year (FY24) on Monday, against Rs 31.53 crore logged in the same quarter a year earlier.
REnergy Dynamics Aims To Book Orders Worth Rs 5,000 Crore By 2029
REnergy Dynamics (RED) announced on Monday that it has entered into the renewable energy sector and is aiming for an order book worth Rs 5,000 crore by 2029. The firm said that its business is expected to majorly come from large-scale bioenergy projects, engineering, procurement, and construction (EPC) services to renewable energy developers.
Rupee Settles At 83.14 Against US Dollar
The Indian rupee closed at 83.14 (provisional), depreciating 4 paise against the US dollar on Monday. In the last trading session on Friday, the domestic currency settled at 83.10 against the greenback.
Stock Market: Sensex Closes Under 75,400, Nifty Inches 25 Points Down
The stock market witnessed major volatility on Monday. The key equity benchmark indices ended the trading session in red after reaching fresh peaks during the day. The BSE Sensex closed the day at 75,390.50, declining nearly 20 points, while the NSE Nifty50 settled almost 25 points lower at 22,932.55.
Best Agrolife Q4: Net Loss Widens To Rs 72.49 Crore In Q4FY24
Best Agrolife Ltd on Monday clocked a widening in net loss to Rs 72.49 crore in the January-March quarter in the 2023-24 fiscal year (FY24), against a loss of Rs 8.41 crore logged in the same quarter a year earlier. Vimal Kumar, MD of the agrochemicals company said, "Despite the high competition from imports, particularly pricing pressure from China and the challenges posed by the global economic climate, we have maintained good profit margins."
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