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 [...]
Unemployment rate in the country has zoomed to a high of 8.3 per cent in December, the highest in 2022, according to data from Centre for Monitoring Indian Economy (CMIE). The unemployment rate during November was at 8 per cent, while in September it was the lowest at 6.43 per cent and was at the [...]
The Indian benchmark equity indices BSE Sensex and NSE Nifty open higher on the first trading session of the year. Nifty opened higher to trade at 18,128, up by 20 points while Sensex gained 41 points, trading at 60,881. As the markets zoomed, here are 3 Jindal group stocks that have reached a new 52-week [...]
Tata Steel and Hindalco Industries emerged as the top gainers in Nifty 50 in Monday’s intraday trades after global brokerage Jefferies upgraded these shares to ‘Buy’ from ‘Hold’. Tata Steel is Jefferies’ top pick in the Indian metal space, followed by Hindalco Industries. The shares of Tata Steel gained 5.05% to reach an intraday high [...]
Toyota Kirloskar Motor on Sunday reported a 3.8 per cent decline in its dispatches to dealers at 10,421 units in December 2022. The company had clocked wholesales of 10,834 units in December 2021, Toyota Kirloskar Motor (TKM) said in a statement. For the calendar year 2022, total wholesales were at 1,60,357 units as against 1,30,768 [...]
Maruti Suzuki India Ltd on Sunday reported a 9 per cent decline in total wholesales at 1,39,347 units in December 2022 compared to the year-ago month. The company had clocked a total sales of 1,53,149 units in the same month in 2021, Maruti Suzuki India (MSIL) said in a statement. Total domestic wholesales were at [...]
The shares of GM Polyplast LTD rose 5% on Monday to reach a fresh 52-week high of ₹ 1282.85 apiece by 11:56 AM on the National Stock Exchange (NSE). Its shares hit the 5% upper circuit for two days in a row. The company has fixed Wednesday, January 04, 2022, as the record date for [...]
Indian traders should follow seven steps, including knowing trade policy and rules of origin of respective products in Australia in order to take full advantage of the recently implemented free trade agreement, according to a study by GTRI. The India-Australia free trade agreement came into effect on December 29, 2022. The Global Trade Research Initiative [...]
The shares of BF Investment Ltd hit an upper circuit of 20 percent at Rs 350.50 levels on the first trading day of the year 2023. The shares soared after the company announced that its board is set to meet on Wednesday, January 4th, 2023 to consider a delisting proposal. DGM Realties Private Limited, along [...]
The shares of Kalpataru Power Transmission (KPTL) and JMC Projects (JMC) hit their respective 52-week highs on the National Stock Exchange (NSE) after fixing January 11, 2023, as the record date for their merger. The shares of KPTL rose 6.01% on Monday’s early trades to reach a fresh 52-week high of ₹ 592.50 apiece, while [...]
Power trading solutions provider PTC India on Monday said its shareholders have approved a final dividend of Rs 5.80 per equity share for 2021-22. This final dividend is in addition to the interim dividend of Rs 2 per equity share, a company statement said. The shareholders during the annual general meeting (AGM) on December 30, [...]
India's manufacturing sector activity rose to a 13-month high in December, supported by healthy inflows of new business and strong demand conditions, according to a monthly survey. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) stood at 57.8 in December, up from 55.7 in November, as business conditions improved to the greatest [...]
India's power consumption logged a double-digit growth of over 11 per cent to 121.19 billion units in December 2022 compared to the year-ago period, according to government data. The robust growth of power consumption indicates sustained momentum of economic activities in December. Experts say power consumption and demand will further increase in January due to [...]
State-run NLC India Ltd on Sunday said its chairman and managing director Rakesh Kumar has relinquished his post on attaining superannuation. The Tamil Nadu-based Navratna company, in a BSE filing, said its Director Planning and Projects K Mohan Reddy has been entrusted the additional charge of the post of CMD for a period of three [...]
With special emphasis on youth, the last budget of the present Ashok Gehlot-led Congress government in Rajasthan is expected to be focused on social welfare schemes to counter inflation, one of the key issues on which the party would contest the assembly elections in 2023. The budget would also have a reflection of Rahul Gandhi's [...]
Hyundai Motor India Ltd on Sunday reported an 18.2 per cent increase in total sales at 57,852 units in December 2022. The company had sold 48,933 units in the same month in 2021, Hyundai Motor India Ltd (HMIL) said in a statement. Domestic sales grew by 20.2 per cent last month at 38,831 units as [...]
New supply of residential properties rose 51 per cent last year to 3,57,635 units across seven major cities as builders launched more projects to tap rising demand, according to Anarock. In its annual report for 2022, the leading housing brokerage said new launches increased to 3,57,635 units last year from 2,36,693 units in 2021 across [...]
