Passenger vehicle retail sales in the country rose 40 per cent in June indicating an improvement in semiconductor supplies even as demand, especially for SUVs, remained robust, auto dealer' body FADA said on Tuesday. According to the Federation of Automobile Dealers Associations (FADA), passenger vehicle (PV) registrations rose to 2,60,683 units last month, as compared [...]
Tata Motors expects second half of the current fiscal to be better in terms of performance with gradual improvement in the overall supply situation and stabilisation in commodity prices, according to company chairman N Chandrasekaran. Addressing shareholders during the company's 77th annual general meeting, Chandrasekaran noted that demand for the company's vehicles across segments remained [...]
Stocks of companies related to paper industry have gained amid a ban on certain Single-Use Plastic (SUP) items that kicked in from Friday. Since June 30, shares of Seshasayee Paper and Boards jumped 7 per cent, Andhra Paper gained 6.21 per cent, Tamil Nadu Newsprint & Papers climbed 4.62 per cent and Satia Industries advanced [...]
Leading integrated automation and software solutions provider, Honeywell Automation India Ltd is another example of how staying invested in a stock for a long period of time can help investors reap good returns. The share price of the company surged from ₹161.98 on July 04, 2002, to ₹ 33,100.00 in twenty years. Investors who had [...]
Edtech firm Byju's said on Monday that it has completed payment that was due for the acquisition of Aakash Educational Service and received majority of USD 800 million fund which it announced in March. The company is estimated to have acquired Aakash Educational Services Limited for around USD 950 million. "Our fundraising efforts are on [...]
The Department of Telecom has warned e-commerce platforms against selling some telecom gears like wireless jammers and network boosters that require government permission for sale, an official statement said on Monday. The DoT has raised the issue several times in the last 4-5 years and even conducted raids to check illegal sales of these equipment. [...]
Tata Power on Monday announced that it has inked a pact with the Tamil Nadu government to invest Rs 3,000 crore for setting up a new facility to manufacture solar cells and modules in Tirunelveli district of the state. "Tata Power, one of India's largest integrated power companies, has signed a Memorandum of Understanding (MoU) [...]
The windfall taxes imposed by the government on domestic crude oil production and fuel exports will hit ONGC's earnings severely while shaving off up to USD 12 per barrel in refining margins for Reliance Industries Ltd. The new levies will give the government up to Rs 1.3 lakh crore additional revenue, brokerages said. In a [...]
Bajaj Auto on Monday said it has commenced its Rs 2,500 share buyback programme. In a regulatory filing, the Pune-based company said the buyback initiative has begun with effect from July 4. The company's board, at its meeting held on June 27, had approved the proposal for buyback of the fully paid-up equity shares of [...]
The shares of ITC Ltd reached its new 52-week high of Rs 290.50 in the early trading session of Monday. The stock closed at Rs 284.35 on Friday. In the last seven days, the stock has gained more than 7.13% while it has risen more than 32% so far this year (YTD). Analysts seem to [...]
