Category: Stocks

GST collections rise 11 per cent, manufacturing PMI hits three-month high India’s goods and services tax collections rose 11 per cent in November from a year ago to Rs 1.46 lakh crore. The S&P Global India Manufacturing Purchasing Managers’ Index hit a three-month high in November, inching up to 55.7 from 55.3 in October. Passenger […]

Representative Image The complete electrification of India’s entire fleet of two and three-wheelers, the largest in the world, will require financing to the tune of USD 285 billion (nearly Rs 23 lakh crore), according to a new white paper. Published in collaboration with NITI Aayog, the World Economic Forum (WEF) paper said the last-mile and […]

Commercial vehicle sales in the domestic market fell 10 per cent to 29,053 units, from 32,245 units in November 2021, it added. PTI December 01, 2022 / 03:14 PM IST The AVINYA Concept is an uncompromising vision for electric mobility. The concept enhances the overall sense of space and natural light to the functional console […]

Representative image Q2 Gross Value Added (GVA) growth slowed expectedly to 5.6 percent, led by sharp contraction in the manufacturing sector, even as continued strength in services sector acted as a growth buffer. However, the GDP growth grew a tad better than our expectations at 6.3 percent, largely reflecting higher net taxes adjusted for subsidies. […]

Scorpio Classic is powered by an all-aluminum lightweight GEN2 mHawk engine, producing a whopping 97 kW (132 PS) of power and 300 Nm torque. A substantial 230 Nm of low-end torque is produced at only 1000 rpm. (Image: Auto Mahindra) Mahindra & Mahindra on Thursday reported a 56 per cent rise in domestic passenger vehicles […]

Despite strong inflows and positive cues, market participants are doubtful about the rupee’s likely trend for the rest of the year as a wide current account keeps the currency under pressure. Reuters December 01, 2022 / 03:42 PM IST The Indian rupee pared gains but finished stronger against the dollar on Thursday as global markets […]

TP-ICAP company added the crypto exchange platform, which is for institutional investors only. Reuters December 01, 2022 / 03:46 PM IST Representative image TP ICAP has obtained a license to register as a cryptoasset exchange provider with UK’s financial regulator through its Fusions Digital Assets marketplace, the world’s largest inter-dealer broker said on Thursday. The […]

After four years of intensive work and planning, country’s first and the second Vande Bharat trains as electric multiple units at semi-high speed, were flagged off by Prime Minister Narendra Modi in 2019 on the New Delhi-Varanasi and New Delhi-Katra in J&K routes. PTI December 01, 2022 / 03:50 PM IST State-run Bharat Heavy Electricals […]

Representative image. (Image: AP/File) GDP growth for Q2 FY23 printed at 6.3 percent yoy (after 13.5 percent in Q1), just slight above analysts’ median estimate. However, growth by the Gross Value Added (GVA) measure tuned out to be substantially lower at 5.6 percent (vs 12.7 percent in Q1). Formally, GDP is equal to GVA plus indirect taxes […]

The company had sold 14,214 units in the same month last year, Kia India said in a statement. December 01, 2022 / 02:19 PM IST Source: Twitter Kia India on Thursday reported a 69 per cent rise in total sales at 24,025 units in November this year. The company had sold 14,214 units in the […]

The automaker had dispatched 5,605 units in November 2021. PTI December 01, 2022 / 12:24 PM IST Source: Reuters Nissan Motor India on Thursday said its total wholesales rose by 20 per cent on a year-on-year basis to 6,746 units last month, aided by increase in exports. The automaker had dispatched 5,605 units in November […]

Agritech startup DeHaat has raised USD 60 million (around Rs 486 crore) from investors, including Temasek to expand its business. The company offers end-to-end agricultural services to farmers. In a statement, DeHaat said “it has raised USD 60 million in a new financing round.” Sofina Ventures and Temasek co-led the Series E funding, with other existing […]

Sensex roars past 63,000 points on fresh foreign inflows, global cues Indian equities gained for seventh consecutive session, buoyed by positive global cues and strong buying by foreign portfolio investors. The benchmark Sensex went past 63,000 points for the first time. It ended the session at 63,099 points, rising 0.6 per cent. The 50-share Nifty […]

Uber rides will now receive an audio reminder to wear rear seat belts, along with push notifications at the start of trip (Representative Image) Ride-hailing firm Uber has launched a rear seat belt reminder and SOS integration with local police among a string of safety features for customers in India, the Business Standard has reported. […]

The PLI scheme seeks to provide incentives to the tune of 60 percent based on the investment criteria, incentives will be provided across various facets of the textile industry such as weaving, knitting and spinning, among other segments. (Representational image) In a bid to boost domestic development and manufacturing of textile machinery, the government may soon […]

India is a fundamentally strong long-term growth story. Therefore, every opportunity should be used to buy on decline and not sell on rally Representative image PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures for tyre industry–  Valuations not inexpensive; but improved medium-term outlook Highlights Indian […]

Profile image of FTX founder and ex-CEO Sam Bankman-Fried (File Photo) David Yaffe-Bellany When cryptocurrency exchange FTX filed for bankruptcy November 11, the company’s founder, Sam Bankman-Fried, announced the news in a contrite message on Twitter. But his attempt to calm the situation belied what had just taken place within the company. As the crisis […]

Samsung India is planning to hire around 1,000 engineers for its research and development institutes across India, the company said on Wednesday. The young engineers will join the company in 2023, and will work on new-age technologies at its R&D institutes in Bengaluru, Noida, Delhi and at Samsung Semiconductor India Research in Bengaluru. “Strengthening their […]

In semi-autonomous Hong Kong, where mass democracy protests erupted in 2019, dozens gathered at the Chinese University to mourn the victims of the Urumqi fire. “Don’t look away. Don’t forget,” protesters shouted. (Image: AFP) Li Yuan (The New New World) They went to their first demonstrations. They chanted their first protest slogans. They had their […]

Tata Group, Singapore Airlines agree to merge Air India and Vistara The Tata group will merge Air India and Vistara, with partner Singapore Airlines holding 25.1 per cent of the merged entity, creating India’s second biggest airline firm. Singapore Airlines, which owns 49 per cent of Vistara, will get a 25.1 per cent stake in […]