Assam is likely to achieve 100 per cent electric three-wheeler sales by 2025, making it the first Indian state to reach the milestone, according to a study carried out by a top US university. As of fiscal 2023 -- April 2022 – January 2023--, Assam has achieved about 85 per cent of new electric three-wheeler [...]
Porinju Veliyath is an Indian Fund manager and investor has added a new stock stock into his portfolio according to the December quarter filings. The stock that he has bought is Max India Ltd. According to the company’s shareholding pattern, the ace investor has bought 4,50,000 shares which is a 1.1% stake in the company. [...]
Amid rising geopolitical risks, a vast majority of Indian CEOs have indicated in a survey that they are reducing or planning to reduce operating costs, even as they are more upbeat than their global peers on their country's economic prospects. However, most of the companies do not plan to cut their headcount or salaries, found [...]
The Sensex and Nifty climbed in initial trade on Tuesday amid buying in index majors Reliance Industries and HDFC twins. The 30-share BSE benchmark advanced 234.16 points to 60,327.13 after a positive beginning. The broader NSE Nifty climbed 64.5 points to 17,959.35. From the Sensex pack, Hindustan Unilever, HCL Technologies, Larsen & Toubro, NTPC, Tata [...]
In the most pessimistic outlook in more than a decade, a global survey of CEOs on Monday showed 73 per cent of them expecting the global economic growth to decline over the next 12 months. Releasing the annual survey on the first day of the World Economic Forum Annual Meeting here, PwC said this is [...]
Shares of Bank of Maharashtra on Monday rallied nearly 5 per cent after the company reported a two-fold jump in its standalone profit after tax in the quarter ended December 2022. On the BSE, shares of the company climbed 4.26 per cent to settle at Rs 33.05 each. During the day, it jumped 8.51 per [...]
The shares of RattanIndia Enterprises Ltd zoomed 18.56 percent on Monday’s early trades to reach an intraday high of ₹ 50.45 apiece after the company announced that it has acquired a 100 percent stake in Revolt Intellicorp Private Limited (“Revolt”) which is the market leader in making electric motorcycles. The company’s shares closed at ₹ [...]
State-owned Bank of Maharashtra (BoM) on Monday said it proposes to raise up to Rs 1,000 crore from qualified institutions placement (QIP) in the January-March quarter to meet minimum public shareholding (MPS) norms of market regulator Sebi. The bank has initiated the process to meet the norms of Securities and Exchange Board of India (Sebi), [...]
Maruti Suzuki India on Monday said it transported over 3.2 lakh vehicles using Indian railways last year, its highest-ever dispatch in a calendar year. The company had obtained a Automobile Freight Train Operator (AFTO) licence in 2013 allowing it to fabricate and operate high-speed, high-capacity auto-wagon rakes on the Indian Railways network. In the last [...]
The shares of Tata Steel Ltd have increased 45% after hitting a 52-week low of Rs 82.71 on June 23, 2022. The stock closed on a slightly negative end at the price of Rs. 119.65 (-0.66) after a gap-up opening of Rs. 121.40 The stock has rallied since its low despite the poor results it [...]
