Storage battery maker and distributor Sunlit Power has collaborated with Lucas TVS under which it will supply 50,000 electric vehicle motors and controllers manufactured by TVS group company to various industries, a release said on Monday. It will include motors with 1kw-15kw capacity for various applications including those for two-wheelers, high-speed passenger autos, and pick-up [...]
Dolly Khanna, a Chennai-based investor is known for investing in lesser-known stocks that tend to outperform the market. In fact, many of them have generated multibagger returns. Here are a few undervalued multibagger stocks held by the ace investor: The price to earnings ratio of these stocks is lower than their industry average, indicating that [...]
The shares of Vedanta Limited traded flat on Monday’s session and ended the day at Rs 322 levels. The shares ended in green even after the company posted a dip in its quarterly earnings. The company reported revenue from operations of Rs 33,691 crore in Q3FY23, which grew sideways as compared to Rs 33,697 crore [...]
Engineering and construction conglomerate Larsen & Toubro (L&T) on Monday reported a 24.2 per cent rise in consolidated net profit at Rs 2,552.92 crore for the quarter ended December 31, 2022 on the back of higher revenue from operations. The company had posted consolidated net profit of Rs 2,054.74 crore in the year-ago period, L&T [...]
Benchmark BSE Sensex and Nifty closed higher in a highly volatile trade on Monday, riding on the back of a recovery in IT, oil and financial stocks after a two-day fall. The 30-share Sensex recovered 169.51 points or 0.29 per cent to settle at 59,500.41. During the day, it rose by 313.34 points or 0.52 [...]
Prime Minister Benjamin Netanyahu will attend a ceremony here on Tuesday to celebrate the successful entry of the Adani Group in Israel through its acquisition of the Haifa port, which is being seen as a "strategic purchase" and probably the biggest foreign investment in this country in any sector. A consortium of Adani Ports and [...]
Telangana Minister for IT and Industries K T Rama Rao on Monday inaugurated FMCG major ITC's Rs 450 crore state-of-the-art Integrated Food Manufacturing and Logistics Facility at Medak. The inauguration was done in the presence of Sanjiv Puri, Chairman and Managing Director, ITC Ltd, a press release form ITC said. Spread over nearly 59 acres [...]
Hi-Tech Pipes Limited, saw its shares zoom by more than 7 percent at Rs 967 levels on Monday's trading session. The stock zoomed on account of strong Q3 numbers coupled with a corporate action announced by the company. In the December quarter of FY23, the company reported revenue from operations that stood at Rs 569 [...]
The first G20 Energy Transition Working Group(ETWG) meeting under India’s presidency will be organised in Bengaluru from February 5-7 wherein nine special invitee nations including Spain, the Netherlands and Singapore will take part. The meeting will have over 150 participants including G20 member countries, nine special invitee guest nations – Bangladesh, Egypt, Mauritius, the Netherlands, [...]
Senior executives in India are expected to receive an average 9.1 per cent increase in their salaries this year, up from 8.9 per cent in 2022. According to leading global professional services firm Aon plc, the average CEO compensation was Rs 8.4 crore, and it has increased 21 per cent in the last four years, [...]
