India's merchandise exports in May rose by 15.46 per cent -- the slowest in the last 15 months -- to USD 37.29 billion, while the trade deficit ballooned to USD 23.33 billion, the commerce ministry said on Thursday. The previous low was February 2021, when the country's exports grew by 0.67 per cent. Imports during [...]
LIC is India’s largest insurance company and it was one of the largest IPOs which was subscribed 2.95 times its amount of shares allocated. But it has struggled since its listing on the stock exchange. The company’s market cap has been reduced to ₹5.11 lakh crores from a market cap of ₹5.99 lakh crores from [...]
Holding dividend stocks in your Demat account can help you receive passive income even when the markets are bearish. While buying the stocks for dividends, an important metric to look at is the dividend yield of the company. It is also important to note, that if investors want to receive dividends on certain shares, then [...]
With inflation remaining at elevated levels, Reserve Bank of India (RBI) may gradually increase the benchmark lending rate to about 5.75 per cent by the end of this fiscal, Axis Bank chief economist Saugata Bhattacharya said on Thursday. He also said RBI may undertake front loading of interest rate hikes to tame inflation which have [...]
MG Motor India and lubricant brad Castrol India are set to collaborate with Jio-bp to explore mobility solutions for electric cars, the automaker said in a statement on Thursday. Under the partnership, Jio-bp, MG Motor and Castrol will explore setting up four-wheeler EV charging infrastructure and expand Castrol’s existing auto service network to cater to [...]
The Securities Appellate Tribunal (SAT) has given more time to former NSE chief Chitra Ramkrishna for depositing an amount of Rs 2 crore in a case pertaining to governance lapses at the bourse. "The period to deposit the money by our order dated 11th April, 2022 is extended for a further period of four weeks," [...]
The shares of Zenith Steel Pipes & Industries Ltd gave multibagger returns of 730.44 % in the past six months as their share price surged from ₹ 1.15 to ₹ 9.55. This means that if ₹1,00,000 was invested in the shares of the company six months ago, the value of the holdings would have been [...]
State-owned NMDC has registered over 14 per cent growth in its iron ore production at 3.2 million tonnes (MT) in May, the Ministry of Steel said on Thursday. NMDC had produced 2.8 MT of iron ore in May 2021. "Our consistent growth in production has not only made NMDC the fastest growing iron ore mining [...]
Capital markets regulator SEBI imposed a penalty of Rs 10 lakh on Eicher Motors on Wednesday for failing to exercise due diligence in a case pertaining to issuance of duplicate shares or new certificates. The company has been directed to pay the fine within 45 days, according to a an order issued by the Securities [...]
Travel tech firm OYO on Wednesday said it has added more than 1,250 corporate clients in the last three months, indicating that business travel in India may be rebounding post lifting of COVID-induced travel restrictions. The recovery is led by small and medium enterprises, traditional business houses and conglomerates, startups, travel management companies and film [...]
The FMCG industry saw decline in volume in the January-March period as consumption was impacted by price increases, especially in the food and essentials categories, said a report by data analytics firm NielsenIQ. Rural India witnessed 5.3 per cent dip in volume in the period. This is the highest consumption slowdown in the last three [...]
TVS Motor Company on Wednesday reported total sales of 3,02,982 units in May. The company had posted a total sales of 1,66,889 units in the same month last year, TVS Motor Company said in a statement. The year-on-year growth is not comparable due to the low base of sales in May 2021, because of the [...]
Hero Electric on Wednesday said it has expanded its partnership with Zypp Electric to support the growth of the logistics and delivery segment. Under the partnership, Hero Electric will be deploying 1.5 lakh electric scooters for Zypp Electric’s fleet in the next three years. "We are standing today in the midst of a green revolution [...]
Textile Manufacturer Trident Limited has reported a 137.1% jump in consolidated net profit to ₹ 181.25 crores for the fourth quarter ended March 2022. The company had clocked a net profit of ₹ 76.45 crores during the January-March quarter of 2020-21. During the quarter under review, the company’s net sales rose to ₹1,869.85 crores from [...]
The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said its total wholesales in May stood at 1,61,413 units. The company had sold 46,555 units in May 2021, MSI said in a statement. Last month, the company's domestic sales rose to 1,34,222 units, as against 35,293 units in May 2021, it added. "The sales [...]
Tata Motors on Wednesday said its total sales jumped nearly three folds in May to 76,210 units compared to 26,661 units in COVID-hit May 2021. The company's domestic sales increased three folds to 74,755 units from 24,552 units in May 2021, Tata Motors said in a statement. Total passenger vehicle dispatches to dealers more than [...]
Welspun Enterprises Ltd (WEL) on Wednesday said it has received its single-largest order of Rs 4,636 crore from civic body Brihanmumbai Municipal Corporation (BMC) for the Dharavi Wastewater Treatment Facility. This takes the outstanding order book of the company to around Rs 12,500 crore, of which Rs 6,500 crore is in the water sector and [...]
Hinduja flagship firm Ashok Leyland on Wednesday reported a four-fold jump in total commercial vehicle sales at 13,273 units in May. The company had sold 3,199 units in the COVID-hit May last year, Ashok Leyland said in a regulatory filing. Domestic sales stood at 12,458 units, as against 2,738 units in May 2021, it added. [...]
Automaker Kia India on Wednesday said its sales increased 69 per cent year-on-year to 18,718 units in May. The company had dispatched 11,050 units to dealers amid second wave of COVID-19 in May 2021. The Sonet became the highest contributor to the company's overall sales with 7,899 units, followed by Seltos (5,953 units), Carens (4,612 [...]
Skoda Auto India on Wednesday reported an over six-fold increase in sales at 4,604 units in May. The company had sold 716 units in the COVID-hit May last year, Skoda Auto India said in a statement. “It is heartening for us at Skoda that despite challenges posed by the semiconductor shortage, we are maintaining momentum [...]
