Tata Motors on Sunday reported a 10 per cent increase in total domestic sales at 72,997 units in December 2022. The company had sold 66,307 units in the same month previous year, Tata Motors said in a statement. Passenger vehicle sales in the domestic market stood at 40,043 units last month as against 35,299 units [...]
India's petrol and diesel demand soared in December as increased consumption in agriculture sector helped build on the momentum generated by the festive season, preliminary industry data showed on Sunday. Petrol sales soared 8.6 per cent to 2.76 million tonnes in December, as compared to 2.54 million tonnes of consumption in the same month last [...]
Assam Chief Minister Himanta Biswa Sarma Sunday claimed that the state is on the growth trajectory after acheiving considerable financial stability during 2022. It is for the first time that the state is not dependent on the Centre for payment of salaries of its employees, which has been possible due to increased oil royalty, excise, [...]
Toyota Kirloskar Motor on Sunday reported a data breach in its system but said the extent of intrusion is being confirmed. In a statement, the company said it has been "notified by one of its service providers of an incident that might have exposed personal information" of some of its customers on the internet. "The [...]
Domestic passenger vehicles sales rose by 23 per cent to a record of 37.93 lakh units in 2022 led by the likes of Maruti Suzuki, Hyundai and Tata Motors as the companies rode on easing of pandemic related challenges and semiconductor shortages to cash in on pent up demand, specially for SUVs. Other manufacturers like [...]
The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance. This is the 10th month in a row that the revenues have remained above the Rs 1.4 lakh crore mark. The collection in [...]
India's digital prowess will grow in 2023 and over the next five years, driven by technology, start ups, semiconductors, electronics and computing, IT Minister Rajeev Chandrasekhar has said allaying any concerns over tech winter, and predicting spring for the country's booming innovation ecosystem. The comments by the IT minister are significant given the backdrop of [...]
Honda Cars India Ltd on Sunday reported a 7 per cent increase in sales in the domestic market to 95,022 units in 2022. The company had sold 89,152 units in the domestic market in 2021, Honda Cars India Ltd (HCIL) said in a statement. Exports grew by 43 per cent at 23,428 units in 2022 [...]
Motorcycle maker Royal Enfield on Sunday reported a 7 per cent decline in total sales at 68,400 units in December 2022. The company had sold 73,739 units a year ago, Royal Enfield said in a statement. Domestic sales were down 8 per cent last month to 59,821 units compared to 65,187 units in December 2021. [...]
Texmaco Rail & Engineering is in the process of executing an export order of wagons worth Rs 64 crore for ArcelorMittal Liberia Ltd engaged in iron-ore mining in the West African country, an official said on Sunday. The Kolkata-based company had designed and manufactured 'Gondola' wagons, open-topped rail vehicles, for the first time for AML [...]
We believe that value buying is the theme of 2023, with a focus on domestically oriented sectors and buying on dips. Fair valuation, steady earnings, and a robust demand scenario will be the cutting parameters." Geojit Financial services “The trend for the short term is likely to remain bullish as long as it remains above [...]
The year 2022 has just ended. And like last year, Trade Brains is presenting Stock Market Awards 2022. Here are the winners of the Stock Market awards for this year: 1. Best Stock 2022 (People's Choice) The winner of the best stock 2022 prize is ITC. It gave a return of 51.60% in 2022. 2. [...]
Homes that offer the best of nature and city life are often a rarity. Especially in metropolitan cities like Mumbai, most homes are a dot in the concrete landscape that grows larger with every decade. Since the city is home to so many residentials, companies, and industries, it has spurred the need for smart residentials [...]
Hero MotoCorp on Friday said it has commenced customer deliveries of its first electric scooter VIDA V1. The first electric vehicle of the brand was delivered in Bengaluru. Deliveries in Jaipur and Delhi will follow, the company said in a statement. "Our vision with VIDA is to establish future oriented mobility trends that will benefit [...]
Registration of properties in Mumbai city rose 9 per cent year-on-year during 2022 calendar year to nearly 1.22 lakh units -- highest in the last one decade -- on better demand, according to Knight Frank India. As per the data compiled by real estate consultant Knight Frank India, the registration of properties in Mumbai city [...]
Kalpataru Power Transmission Ltd (KPTL) and its international arms have secured new orders worth Rs 1,247 crore. The orders are in India and overseas markets in the T&D (transmission and distribution) business for Rs 1,247 crore, a company statement said. Manish Mohnot, Managing Director & CEO, KPTL, said in the statement, "With these new orders, [...]
Debt-ridden Religare Finvest Ltd (RFL) on Friday said it has signed a settlement agreement with all its lenders for a one-time settlement, clearing the deck for the NBFC to exit from the Corrective Action Plan imposed by the RBI. Religare Enterprises, the parent company of RFL, has entered into an agreement in connection with the [...]
The government's fiscal deficit at the end of November touched 59 per cent of the full year budget estimate, according to data released by the Controller General of Accounts (CGA) on Friday. In actual terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 9,78,154 crore during the April-November period of [...]
Tamilnad Mercantile Bank Ltd (TMB) has drawn up plans to strengthen itself by opening up additional branches across the country in the near future, said a top official of the bank on Friday. The over-a-century old bank recently inaugurated its 510 and 511th branches here and in Salem respectively. "Upon being listed on the stock [...]
Benchmark BSE Sensex and NSE Nifty pared all intra-day gains to end the last trading day of the year on a bearish note due to fag-end selling amid early losses in the European markets. The 30-share BSE Sensex fell 293.14 points or 0.48 per cent to settle at 60,840.74 on Friday. During the day, it [...]
