Automobile sector has seen growth across all segments, witnessing retail sales growth of 9% in August 2023, stated by FADA on Tuesday. The total retail sales across segments rose to 18,18,647 units last month, up 9%, from 16,74,162 units in August 2022. Combined retail sales across all segments increased to 1,818,647 units from 1,674,162 units [...]
Many investors believe that it is a good sign when companies have a high promoter holding. It indicates that the promoters are confident about the company’s future and therefore continue to hold a high stake, or increase their stake from time-to-time. However, a few companies may have low or no promoter holding if they are [...]
Back in July, India signed an agreement with UAE to settle trade in ₹ instead of $. India is the world's 3rd biggest oil importer and consumer and has now made its first trade with the UAE in ₹ and Dirham (AED). Indian Oil Corp. (IOC) made a payment to Abu Dhabi National Oil Company [...]
On Monday, the manufacturer of specialized equipment for the defence industry, Maritronics India, a supplier of marine equipment and spare parts, made the announcement. The company, in a statement, said it is in the process of setting up its own manufacturing facility in Chennai, which is expected to start production in the next one year. [...]
An official statement said the state-owned NTPC will host a conference on "Green Hydrogen Pilots in India" on Tuesday. On Monday the Ministry of New Renewable Energy said in a statement that the conference will showcase various pilot projects on green hydrogen being implemented by both public and private sector companies of India. In the [...]
According to Executive Director Aakash Ohri of real estate giant DLF, it anticipates making roughly Rs 400 crore from the sales of 92 opulent independent floors that it will build on corner plots in Gurugram. The company is launching 92 standalone storeys on its several corner plots in Gurugram. These floors, which range in size [...]
This S&P BSE 500 PSU stock shot up 11% within the first hour of market open on Monday, supported by volumes that were 3.3x previous session’s volume and 13x the monthly average volume. The company stock rose sharply owing to an order it received. The company’s market cap is Rs. 32,200 crore. The stock closed [...]
Nifty Midcap 150 opened at 14,880.40 levels and gained 1% to reach its 52- week high of 14985.9 levels. Under the 150 companies the index holds, there are at least three companies which carry a low debt to equity ratio of 0.00. Debt to equity ratio is a measure of debt of any company compared [...]
Sugar stocks were trading deep in the green on Monday after reports suggested that the Uttar Pradesh Government is likely to increase the State Advisory Price (SAP) for sugarcane. This announcement is likely to be made today and a price jump of ₹ 25 per quintal is expected for the season. Moreover, analysts believe that [...]
In order to meet the changing needs of farmers, Mahindra Group's Swaraj Tractors announced on Monday that it has invested Rs 200 crore in the development of a new line of tractors in the 40–50 HP category. The company said the new products will eventually replace its current tractors in the category. Mahindra & Mahindra [...]
