The PM-eBus Sewa will act as a catalyst for promotion of electric vehicles across urban centers to drive the penetration of electric mobility, Society of Manufacturers of Electric Vehicles (SMEV) said on Thursday.he PM-eBus Sewa will support bus operations for 10 years. "Buses being a pivotal source of urban pollution, the decision will help substantially [...]
Leading DTH system operator Tata Play has reported a net loss of Rs 105.25 crore for the fiscal ended March 2023, according to financial data accessed by the business intelligence platform Tofler. The company reported a net profit of Rs 68.6 crore in FY22, as per the data. Its revenue from operations slipped 5.1% to [...]
Pyramid Technoplast Ltd allotted 16,59,600 shares to four anchor investors at Rs. 166 per share Mr. Bijaykumar Agarwal, Chairman and Managing Director of Pyramid Technoplast Ltd Mumbai (Maharashtra) [India], August 17: Pyramid Technoplast Limited has raised Rs. 27.54 crore from four anchor investors a day before its public issue opens for subscription. Company allotted 16,59,600 [...]
The NBFC stock has logged a return of more than 50% in a period of six months. Analysts remain bullish on the stock and have maintained a buy rating with a huge upside potential. The stock in focus here is Shriram Finance Limited. The shares opened at Rs. 1811.95 and gained up to 3% to [...]
SEBI on Thursday extended the auction of 15 properties belonging to seven companies, including Sunheaven Agro India and RaviKiran Realty India, along with that of promoters and directors, to August 31 to recover money illegally collected from investors. The other firms whose properties will be auctioned are: Infocare Infra, Bharat Krishi Samridhi Industries Ltd, GSHP [...]
Betting big on the growing electric vehicle market in India, luxury car maker Mercedes-Benz is expecting its EV portfolio (present and future) to make up 25 % of its total car sales in the next three years, growing from the current levels of 3-4%. Mercedes-Benz on Thursday launched the GLC, its new petrol/diesel SUV, in [...]
This stock is offering bonus shares to its shareholders and its ex date is closer than ever! The company has also announced a 60% dividend for each share and its ex date has been decided as well. The shares of GNA Axles opened at Rs. 968 on Thursday where it rose by another percent reaching [...]
Adani Group of Companies’ shares have been having a rough time of slumps and volatility and negative press and investor sentiment as uncertainty builds over SEBI registration. Amidst the chaos, on Thursday the shares of Adani Power climbed over 2% after US-based boutique investment firm GQG Partners along with other investors bought an 8.1% stake [...]
Cash flow from operations, one of the most important and tracked upon metric in the finance industry, exhibits the amount of money generated by the company from ongoing, regular business activities. Listed below are two mid-cap stocks under the Tata Group universe that have shown a consistent increase in cash flow from operations during the [...]
Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC and HDFC bank amid a weak trend in global markets. The BSE benchmark had climbed 137.50 points or 0.21% to settle at 65,539.42 on Wednesday. The Nifty gained 30.45 points [...]
