The shares of Automotive Axles Ltd have shown an upside movement of around 9 percent today. The company’s stock opened its trading session at Rs 2,315 and is currently trading at Rs 2,527 showing an upside of around 9 percent. Automotive Axles, established in 1981, is engaged in the business of manufacturing and supplying Automotive [...]
The Indian soft drink market is expected to see "significant growth" as consumption is anticipated to increase steadily, which will deliver sustainable and healthy volume growth across all product categories, said Varun Beverages Ltd (VBL), PepsiCo's largest franchise bottler. This would be driven by factors such as shifting population demographics, the rising spending power of [...]
Hindustan Aeronautics Ltd (HAL), a Navratna CPSE has declared a second interim dividend of ₹ 20 per equity share of ₹ 10 each fully paid up. The company's shares have been on an uptrend and have gained 2.27% on Monday’s intraday trades to reach a fresh 52-week high of ₹ 2,914.00 apiece on the National [...]
Prime Minister Narendra Modi on Monday said the government's MSME Competitive (LEAN) scheme is a part of its efforts to strengthen the MSME sector, which is a key pillar of India's economic growth. The government on Friday launched the revamped MSME Competitive (LEAN) scheme to make it more beneficial for enterprises and stakeholders. Under the [...]
IT Major Tech Mahindra’s shares zoomed 9.75% and witnessed their largest single-day jump in three years after the company appointed a new MD and CEO designate. Its shares reached an intraday high of ₹ 1164.70 apiece on the National Stock Exchange (NSE) and were trading at ₹ 1,144.00 apiece at 11:21 AM. The company’s current [...]
State-owned Bank of Maharashtra (BoM) on Sunday announced a reduction in the interest rate on home loans to 8.4 per cent from the existing 8.6 per cent. The new rate is effective from March 13, 2023, BoM said in a statement. The home loan at 8.4 per cent makes it one of the lowest in [...]
The 300 MW hybrid project in partnership with ReNew is expected to commence operation in the next 18 months, Jindal Stainless Managing Director Abhyuday Jindal has said. In December 2022, Jindal Stainless Ltd (JSL) partnered with ReNew to develop the proposed 300 MW hybrid energy project. When asked about the timeline of the project, Jindal [...]
India is likely to account for more than a fifth of incremental global consumption for chemicals over the next two decades as domestic demand is projected to rise to USD 1,000 billion by 2040, McKinsey said in a report. In the report titled 'India: The next chemicals manufacturing hub', McKinsey said the country's chemical industry [...]
Embattled Adani Group on Sunday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme ahead of the March 31 deadline to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a statement, Adani group said it has repaid [...]
In a step aimed at protecting the US economy by strengthening public confidence in the country’s banking system, the Biden administration has announced that depositors of the failed Silicon Valley Bank will have access to their money from Monday. After receiving recommendations from the boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal [...]
