The shares of NMDC Limited were trading in green till Friday afternoon at Rs 120 levels. The stock is under the radar of investors after the government made announcements regarding a stake sale of the company. The government has invited preliminary bids for the strategic sale of NMDC's Nagarnar Steel Plant. The last date for [...]
The shares of Raymond Limited opened at Rs 1,372 on Friday and gained as much as 15 per cent in the early hours to reach a new 52-week high of Rs 1,578.10. In the span of a month, the stock has gained approximately 32 per cent. The shares of the textile company were trading at [...]
Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha. Speaking at the Make in Odisha Conclave here on Thursday, Sinha said the four power discoms of Odisha, where Tata Power has a majority stake, are committed to Rs 6,000 crore capex investment in the next [...]
Oil and gas stocks inched higher on Friday's early trades as the Government of India (GoI) was mulling over a further reduction of the windfall tax on exports of locally produced oil and diesel. Some of the gainers include Oil & Natural Gas Corporation Ltd (up 0.86%), Gujarat Gas Ltd (up 2.67%), Indian Oil Corporation [...]
The shares of Titagarh Wagons Limited were trading marginally higher on Friday at Rs 192 levels. The stocks rallied after it emerged as a bidder for the Rs 26,000-crore order by the Indian Railways to make 200 lightweight Vande Bharat trains. The company has formed a consortium with Bharat Heavy Electricals Limited for this purpose. [...]
Shares of NDTV have jumped more than 16 per cent since the Adani group launched its takeover bid for the media group, a rally that also comes at a time when bullish sentiments are dominating the broader market. The diversified Adani group started off with a hostile takeover bid for NDTV by indirectly snapping up [...]
The shares of Likhitha Infrastructure rallied 5.69% on Thursday’s early trades to hit a new high of ₹ 496.00 apiece on the National Stock Exchange (NSE). Its shares soared 22.17% in the past two days from ₹ 406.00 to ₹ 496.00, amid heavy volumes as ace investor Ashish Kacholia bought a stake in the company. [...]
The hospitality industry is booming in India. The industry was struggling from the pandemic during the same quarter last year. However, the sector continued to post strong yearly growth in the third quarter of the 2022 calendar year due to festivals, weddings and increased corporate travel. Motilal Oswal Financial Services said in its hotel sector [...]
GST revenues rose by 11 per cent to about Rs 1.46 lakh crore in November over the year-ago period, the Finance Ministry said on Thursday. This is the ninth straight month when collections from Goods and Services Tax (GST) has remained above Rs 1.40 lakh crore. The gross GST revenue collected in the month of [...]
India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period, according to the government data. The robust growth of power consumption in the month mainly indicates an increase in economic activities as generally it remains subdued in November. Experts say power consumption [...]
The Indian benchmark indices rallied in the month of November after the bulls took charge. On the last day of the month, Nifty topped the 18,800 level, hitting a new record high of 18,816.05. While the BSE Sensex surged over 500 points to surpass the 63,300 level. The indices continue to rise on the first [...]
The Indian equity benchmarks BSE Sensex and NSE Nifty50 opened at record highs on Thursday amid positive cues from global markets. The BSE Sensex scaled to a record high for the sixth consecutive session, crossing the 63,500 level. While the NSE Nifty also touched a fresh high above 18,850 at 18,874. With markets making new [...]
Skoda Auto India on Thursday reported two-fold increase in sales for November 2022 at 4,433 units. The company had sold 2,196 units in the same month last year. "We have doubled our annual sales this year, over 2021, with a big month of December still to go," Skoda Auto India Brand Director Petr Solc said [...]
Bajaj Auto on Thursday reported a 19 per cent decline in total sales at 3,06,552 units in November, compared to 3,79,276 units in the same month a year ago. Total sales in the domestic market stood at 1,52,716, down 4 per cent from 1,58,755 units in the same month last year, the company said in [...]
Hyundai Motor India on Thursday reported 36 per cent increase in total sales at 64,004 units for November 2022. The company had dispatched 46,910 units to dealers in the same month last year. Domestic sales were up 30 per cent to 48,003 units as against 37,001 units in November last year, the company said in [...]
MG Motor India on Thursday said its retail sales increased by 64 per cent on a year-on-year basis to 4,079 units in November. The automaker had sold 2,481 units in the same month last year. MG Motor India sells models like Hector, Astor and ZS EV in the domestic market. PTI MSS DRR
The shares of Tamilnad Mercantile Bank (TMB) appreciated to the tune of 7.57% to reach a 52-week high of ₹ 548.50 apiece after the Reserve Bank of India (RBI) authorized it to undertake government business on its behalf. Its shares were trading at ₹ 528.15 (up 3.58%) at 11:51 AM on Thursday. The private sector [...]
Toyota Kirloskar Motor (TKM) on Thursday said its wholesales declined by 10 per cent to 11,765 units in November 2022. The company had sold 13,003 units in the domestic market in the year-ago period. TKM has discontinued compact SUV Urban Cruiser and also paused bookings for diesel version of Innova which impacted its overall dispatches [...]
Hinduja flagship firm Ashok Leyland on Thursday reported 39 per cent increase in total commercial vehicle sales at 14,561 units in November 2022. The company had dispatched 10,480 units to its dealers in the same month last year, Ashok Leyland said in a statement. Domestic sales were up 46 per cent at 13,654 units, against [...]
Adani Green Energy Ltd on Thursday said it has raised 27,954 million Japanese Yen (around Rs 1,630 crore) through its subsidiary Adani Solar Energy AP Six to refinance its existing indebtedness. The project loan facility is supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation, a company statement said. “This is an [...]
