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 [...]
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 [...]
