India's auto components industry witnessed a 34.8 per cent growth to Rs 2.65 lakh crore in first-half of 2022-23, riding on domestic demand, particularly from the passenger vehicles segment, the Automotive Component Manufacturers Association of India said on Wednesday. During the period, exports of components grew by 8.6 per cent to USD 10.1 billion (Rs [...]
With more than 600 listings on BSE & NSE SME exchanges and the notable success of many SME IPO, investors have started showing interest in this new category of SME IPOs. A wave of fresh air comes for the realty sector with a young property technology firm, Homesfy Realty opening its IPO for subscription on [...]
The Indian stock market remained volatile on Wednesday ahead of the release of the Reserve Bank of India's latest policy meeting minutes and key macroeconomic data from the U.S. Till the afternoon, the Nifty 50 was trading 210.90 points or 1.15% lower at 18,174 levels while the BSE Sensex had shed 680.66 points or 1.10% [...]
The shares of Tirupati Forge Ltd, a small-cap company advanced 13.37% to reach a fresh 52-week high of ₹ 25.00 apiece on Wednesday’s early trades. This happened after Aegis Investment Fund, a Mauritius-based foreign institutional investor (FII) bought its shares. Its shares were trading at ₹ 23.60 apiece at 12:00 PM. According to the data [...]
Jammu and Kashmir Bank on Tuesday signed a memorandum of understanding with the Administration of Ladakh union territory, conferring preferential status to each other. According to the MoU, the Ladakh UT Administration would nominate J&K Bank as ‘preferred banker’ for all its banking-related services, while as, J&K Bank would give the ‘most favoured client’ status [...]
The government is probing 12 automakers including Hero Electric Vehicles and Okinawa Autotech for alleged misappropriation of subsidies under the Rs 10,000 crore FAME scheme, Union Heavy Industries Minister Mahendra Nath Pandey informed Parliament on Tuesday. The complaints received the government mainly relate to violation of Phased Manufacturing Programme (PMP) guidelines under FAME India Scheme [...]
The decline in demand and rise in raw material prices due to high transportation costs are the major problems faced by micro, small and medium enterprises in the last 27 months, according to a survey. The report by Bhartiya Yuva Shakti Trust (BYST) also said that though markets have stabilised, about 57 per cent of [...]
The Shares of Aditya Vision Limited have delivered 9,671% in just six years, as the share price has risen from Rs 15.3 in December 2016 to the current level of Rs 1,495 on the BSE. Aditya Vision Limited is a dynamic, fastest-growing, and service-oriented electronic Retail Chain in Bihar. The company is a group of [...]
Mumbai-based NBFC Cosmea Financial Holdings has pulled out of the race to acquire debt-ridden Reliance Capital Ltd (RCL) under an insolvency run bid process, sources said. Cosmea combined with Piramal Group had put in a bid to acquire Anil Ambani Group's erstwhile company but sources said Piramal still continues to be interested in the auction [...]
Debt-ridden Future Enterprises Ltd (FEL) on Tuesday said it has defaulted on interest payment of Rs 6.07 crore for non-convertible debentures. The due date for payment was December 19, 2022, it said in a regulatory filing. "The company is unable to service its obligations in respect of the interest on Non-Convertible Debentures due on December [...]
