Auto-tech firm CarDekho Group on Monday said it has narrowed total losses to Rs 246 crore in 2021-22. The group had posted a total loss of Rs 341 crore in FY21, CarDekho said in a statement. The revenue from operations in FY22 increased to Rs 1,598 crore from Rs 884 crore in FY21, it added. [...]
The shares of Moil Ltd were trading 5 percent higher at Rs 167.80 levels till the afternoon on Monday against its previous close of Rs 161.05. The stock scaled higher after the company’s production and sales last month reached a record high. The company has registered the best December production of 1,41,321 in 2022. This [...]
Bajaj Auto Ltd on Monday reported a 22 per cent decline in total sales to 2,81,486 units in December 2022. The company posted a total sales of 3,62,470 units in December 2021, Bajaj Auto said in a statement. The two-wheeler sales slipped 23 per cent to 2,47,024 units from 3,18,769 units in the year-ago month, [...]
The RBI on Monday said state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions which are 'too big to fail'. SIBs are perceived as banks that are 'too big to fail (TBTF)'. This perception of TBTF creates an expectation of government support [...]
The Centre on Monday said an additional 19 first mile connectivity projects of state-owned CIL and SCCL will be implemented by 2026-27. First mile connectivity refers to the transportation of coal from pitheads to dispatch points. "The Ministry of Coal will be taking up additional 19 First Mile Connectivity (FMC) projects for Coal India Ltd [...]
Automaker Kia India on Monday reported a 94.7 per cent increase in domestic sales at 15,184 units in December. The company had sold 7,797 units in the year-ago period. In the calendar year 2022, the company said it witnessed a growth of 47.7 per cent with cumulative sales of 3,36,619 units. Its sales in 2021 [...]
Nissan Motor India on Monday reported a 28 per cent rise in total wholesales at 8,991 units in December 2022. The company had sold a total of 7,026 units in the same month a year ago, Nissan Motor India said in a statement. Domestic sales were down 32.89 per cent last month at 2,020 units [...]
State-owned NMDC on Monday announced that it has hiked the prices of iron ore lumps by Rs 200 to Rs 4,300 per tonne. The country's largest iron ore miner has also increased rates of iron ore fines by Rs 500 to Rs 3,410/tonne, NMDC said in a regulatory filing. The prices are effective January 1, [...]
The Indian economy recovered from the COVID-induced downturn during 2022 and is poised for further improvement in the coming quarters though downside risks emanating from geopolitical tensions, strengthening dollar and elevated inflation will continue. The positive trajectory in the growth trend and improved fundamentals will help the nation in neutralising the impact of global headwinds [...]
Equity benchmarks started the first day of trade of the New Year on a positive note and ended with smart gains, propelled by buying in index majors Reliance Industries and ICICI Bank amid a firm trend in European markets. The 30-share BSE Sensex climbed 327.05 points or 0.54 per cent to settle at 61,167.79 on [...]
The Committee of Creditors (CoC) of debt-ridden Reliance Capital Ltd is scheduled to meet on Tuesday to discuss bids submitted by Torrent Group and Hinduja Group as part of the insolvency resolution process. Ahmedabad-based Torrent Group submitted a bid of Rs 8,640 crore for acquiring the NBFC firm set up by the Anil Ambani Group, [...]
The Goods and service tax (GST) collections in Himachal Pradesh increased by 25 per cent to Rs 4,052 crore till December this fiscal from Rs 3,172 crore in the year-ago period, an official spokesperson said here on Monday. In a release issued here, he said that the State Taxes and Excise Department collected Rs 341 [...]
Rishabh Instruments, a global energy efficiency solution company, has filed preliminary papers with markets regulator Sebi to mop-up funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating to up to Rs 75 crore and an offer for sale (OFS) for up to 94.17 lakh equity shares by [...]
Commercial vehicles maker Ashok Leyland on Monday reported a 45 per cent increase in total sales at 18,138 units in December 2022. The company had registered total sales of 12,518 units in the same month a year ago, it said in a statement. Domestic sales were higher by 49 per cent last month at 17,112 [...]
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 [...]
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 [...]
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 [...]
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 [...]
