CIL's coal supply to the power sector rose 11 per cent to 432.7 million tonne in the April-December period of current financial year. In the year-ago period, the supply was 390.2 MT. The supply to the non-power sector last month was 10.5 MT due to increased output. Coal India Ltd's output in April-December 2022-23 increased [...]
The shares of newly listed Elin Electronics Ltd tumbled 4.37% on Monday after three FIIs— Morgan Stanley Asia (Singapore) Pte, Société Générale and Copthall Mauritius Investment Fund sold some of their shares in bulk deals executed on December 30, 2022. Elin Electronics is a leading electronics manufacturing services ("EMS") provider. It manufactures end-to-end product solutions [...]
Mid-caps stocks in India are believed to produce better returns because they are quicker to act on than large caps and more financially stable than small caps as they are in the growth phase of the business cycle. In addition to that, the stocks are less risky and have less volatility. Here are 5 top [...]
TVS Motor Company on Monday reported a 3.58 per cent decline in total sales to 2,42,012 units in December 2022. The company sold 2,50,993 units in December 2021, TVS Motor said in a statement. Domestic two-wheeler sales grew 10 per cent to 1,61,369 units last month compared to 1,46,763 units in December 2021. Motorcycle sales [...]
Two-wheeler maker Hero MotoCorp on Monday reported a marginal decline in total sales at 3,94,179 units for December 2022. The company had sold 3,94,773 units in the same month a year ago, Hero MotoCorp said in a statement. Domestic sales were higher by 1.83 per cent at 3,81,365 units as against 3,74,485 units in December [...]
Mahindra & Mahindra on Monday reported 61 per cent increase in passenger vehicle sales at 28,445 units for December 2022. The company had sold 17,722 units in the same month in 2021, M&M said in a statement. Utility vehicle sales grew 62 per cent to 28,333 units last month as against 17,469 units in the [...]
German luxury carmaker Audi on Monday reported a 27.14 per cent rise in its retail sales in India at 4,187 units in 2022. The company sold 3,293 units in 2021. Although the supply chain challenges and semiconductor scarcity still hold back the full potential of growth, Audi India said its performance in 2022 was buoyed [...]
Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public. The value of the currency in circulation (or public holding of cash) stood at Rs 32.42 lakh crore as on December 23, [...]
VE Commercial Vehicles Ltd on Monday reported a 17.3 per cent growth in total sales at 7,221 units in December 2022. The company, a joint venture of the Volvo Group and Eicher Motors, had sold 6,154 units in December 2021, VE Commercial Vehicles (VECV) said in a statement. December 2022 sales included 7,003 units of [...]
A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down. Kristalina Georgieva, the chief of the International Monetary Fund (IMF) made these grim assertions on Sunday [...]
