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Development and testing of electric vehicles need to follow strict protocols, say industry leaders

Development and testing of electric vehicles need to follow strict protocols, say industry leaders

Development and testing of electric vehicles need to follow strict protocols and companies must not rush to the market in order to avoid incidents of vehicles catching fire, according to automotive industry leaders. With EVs (Electric Vehicles) still evolving, the manufacturers are in the process of learning and even the testing agencies are yet to [...]
Harsha Engineers IPO fully subscribed on day one

Harsha Engineers IPO fully subscribed on day one

The initial public offer of Harsha Engineers IPO got fully subscribed on the first day of subscription on Wednesday. The public offer received bids for 3,24,61,830 shares as against 1,68,63,795 shares on offer, translating into 1.92 times subscription, according to data available with the NSE till 1734 hrs. Retail individual investors' category received 2.28 times [...]
Auto component industry should enhance localisation, invest in tech: Maruti Suzuki

Auto component industry should enhance localisation, invest in tech: Maruti Suzuki

The auto component industry should focus on enhancing localisation, improving manufacturing quality and keep investing in emerging technologies for a sustainable growth, Maruti Suzuki Executive Chairman Kenichi Ayukawa said on Wednesday. Speaking at the 62nd session annual session of ACMA here, Ayukawa, who is also the president of auto industry body SIAM, noted that localisation [...]
Indian markets rebound from opening lows; what led to the drop? 

Indian markets rebound from opening lows; what led to the drop? 

Headline Indices suffered deep cuts as they opened lower on Wednesday. The BSE Sensex quoted at 59417 points, down 1150 points, while the NSE Nifty 50 was at 17771 points, down 300 points.  The thirty-share index reclaimed the 60,000 mark on Monday, whereas the fifty-share index reclaimed the 18,000 mark on Tuesday. However, the benchmark [...]
Shares of PVR, INOX Leisure rise in morning trade

Shares of PVR, INOX Leisure rise in morning trade

Shares of multiplex chains PVR and INOX Leisure defied the broader market trend and gained in the morning trade on Wednesday. The rise in shares came a day after the Competition Commission of India (CCI) rejected a complaint against the proposed merger of PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by [...]
Investor wealth tumbles Rs 2.21 lakh crore in early trade

Investor wealth tumbles Rs 2.21 lakh crore in early trade

Investors' wealth eroded by more than Rs 2.21 lakh crore in early trade on Wednesday, with the market witnessing a selling-off amid prospects of aggressive rate hikes by the US Federal Reserve to tackle high inflation, and sluggish global trends. In less than hour of the start of trading on Wednesday, the key indices -- [...]
No shortage of fertilisers in the country, says Mandaviya

No shortage of fertilisers in the country, says Mandaviya

Union Chemicals and Fertilisers Minister Mansukh Mandaviya on Tuesday said there is no shortage of crop nutrients in the country and asserted that there will be no hike in the prices of non-urea products. The minister also said that Nutrient Based Policy (NBS) for Phosphatic and Potassic (P&K) fertilisers for the Rabi season (October 2022 [...]
Coal India shares rise nearly 2%

Coal India shares rise nearly 2%

Shares of Coal India rose nearly 2 per cent in the morning trade on Tuesday as the government is set to auction 10 coal blocks under commercial coal mining this week. Shares of Coal India opened at Rs 233, then gained 1.64 per cent to Rs 235.30 apiece on BSE. On NSE, the scrip opened [...]
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