Domestic commercial vehicle sales volume is expected to grow 9-11 per cent in FY24 driven by medium and heavy commercial vehicles and an estimated economic growth of around 6 per cent, rating agency CRISIL said on Monday. Besides, an increased allocation to infrastructure spending in the Union Budget for next fiscal year will support demand, [...]
Realty firm Brigade Enterprises has sold housing and commercial properties worth Rs 2,618.5 crore during the first three quarters of 2022-23 fiscal, up 31 per cent from the year-ago period, on better demand and higher price realisation. Bengaluru-based Brigade Enterprises is one of the leading real estate firms in the country with a strong presence [...]
Passenger vehicle wholesales rose 17 per cent in January to 2,98,093 units driven by robust offtake of utility vehicles, including the fast-growing sports utility vehicles, industry body SIAM said on Monday. The overall passenger vehicle dispatch from companies to dealers was 2,54,287 units in January 2022. Utility vehicle sales rose to 1,49,328 units last month [...]
Union Finance Minister Nirmala Sitharaman on Monday said GST compensation to some states is delayed due to non-availability of AG's authenticated certificate, and that Kerala has not sent even a single such certificate since 2017-18. Replying to a supplementary question, she also said that Rs 86,912 crore has been released for the Goods and Services Tax [...]
Information Technology firm Coforge’s shares plunged by 6.86% to ₹ 4,037.00 apiece on Monday after nearly 60 lakh shares, equivalent to 9.8% equity changed hands via a block deal. The buyers and sellers of the deal are not known yet, however, some reports indicate that Hong Kong-based private equity firm Barings PE is likely the [...]
The shares of Oil India Limited were trading more than 7 percent higher till the afternoon on Monday at Rs 238 levels after the company reported its highest-ever quarterly net profits. In Q3FY23, their total revenue from operations stood at Rs 10,580.55 Crore, an increase of 38 percent Year on Year from Rs 7,685.49 Crore. [...]
The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against Zee Learn, following a petition filed by private sector lender Yes Bank Ltd. Yes Bank Ltd (YBL) had claimed a default of Rs 468.99 crore by the Essel Group company. Out of the default amount of Rs 468.99 crore, the principal amount [...]
Dishman Carbogen Amcis Ltd, a Contract Research and Manufacturing Services (CRAMS) provider saw its shares open 5 percent higher at Rs 90.05 compared to its previous close of Rs 86.05. During the early hours, it gained 10 to trade at Rs 100 levels. The scrip gained after the company reported a 14 percent increase in [...]
The Indian Indices opened on a flat note on Monday. The NSE Nifty 50 rose 13.45 points or 0.08% to 17,869.95 while the BSE Sensex gained 51.78 points or 0.09% to start at 60,734.48 levels. As the markets sentiments remain volatile, here are 8 stocks recommended by analysts for an upside of up to 84%: [...]
JSW Steel on Monday reported a 15 per cent rise in crude steel production at 18.91 lakh tonnes in January. The company's crude steel production was at 16.46 lakh tonnes (LT) in January 2022, JSW Steel said in a regulatory filing. "JSW Steel reported highest-ever standalone crude steel production for the month of January, 2023 [...]
