After falling for eight consecutive sessions, the domestic indices reversed the downtrend and ended the first session of March broadly in the green. The NSE Nifty 50 surged 146.95 points or 0.85% to end at 17,450.90 levels and the BSE Sensex settled 448.96 points or 0.76% higher at 59,411.08 levels. Here are 3 stocks that [...]
Hinduja Group flagship Ashok Leyland has reported a 32 per cent rise in sales at 17,568 units, including medium and heavy commercial vehicles, light commercial vehicles in February, the city-based company said on Wednesday. The heavy commercial vehicle maker had registered sale of 13,281 units during the corresponding month of last year, a company statement [...]
Stock market benchmarks ended nearly 1 per cent higher on Wednesday, halting their eight days of decline, amid gains in Asian and European equity exchanges. The BSE Sensex advanced 448.96 points or 0.76 per cent to settle at 59,411.08 after a positive beginning. During the day, it jumped 513.33 points or 0.87 per cent to [...]
GST collections rose 12 per cent to over Rs 1.49 lakh crore in February, the finance ministry said on Wednesday. February 2023 witnessed the highest cess collection of Rs 11,931 crore since implementation of GST. The collections are, however, lower than the second highest Goods and Services Tax (GST) mop-up recorded in January at over [...]
Tata Motors on Wednesday reported 3 per cent year-on-year growth in total wholesales at 79,705 units in February. In the year-ago period, the company's total vehicle sales stood at 77,733 units. Domestic vehicle sales were up 6 per cent at 78,006 units last month over 73,875 units in February 2022, Tata Motors said in a [...]
Moody's Investors Service on Wednesday said the banking sector outlook remains stable and is supported by economic growth and improved financials. "While we expect the country's real GDP growth to moderate in the fiscal year ending March 2024 (fiscal 2024), India's underlying growth potential is fundamentally strong, which will support banks' credit growth and asset [...]
Smart money or money invested by institutional investors has found a way to a few small-cap stocks. Data shows that both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) have consistently increased their stake in the following small-cap stocks: Tata Coffee Ltd. The Tata Group company is engaged in the production, trading and distribution [...]
Mahindra & Mahindra (M&M) on Wednesday said its total sales increased by 8 per cent to 58,801 units in February. The company's total dispatches to its dealers stood at 54,455 units in February 2022. The Mumbai-based auto major's passenger vehicle sales in the domestic market rose by 10 per cent to 30,358 units last month [...]
US President Joe Biden has announced his intent to appoint two prominent Indian-Americans corporate leaders, Punit Renjen and Rajesh Subramaniam, to his powerful Export Council which is the principal national advisory committee on international trade. The president on Tuesday announced a list of members he intends to appoint to the the council, according to a [...]
India's fuel demand witnessed the sharpest rebound in February as petrol and diesel consumption rose by double digits after a winter lull in the previous month, preliminary industry data showed on Wednesday. Petrol sales of state-owned fuel retailers jumped 12 per cent to 2.57 million tonne in February, as compared to 2.29 million tonne of [...]
