Maharashtra Scooters Ltd (MSL) continues to operate as a Core Investment Company (CIC), which does not require registration with the RBI. As a CIC, a minimum of 90% of its assets are invested in the Bajaj group. The remaining balance, representing accumulated surpluses, is invested in debt and other instruments with the sole objective of …
TVS Motor Company Ltd. (TVSM) is engaged in manufacturing two-wheelers and their accessories, It currently manufactures a wide range of two-wheelers and three-wheelers. TVSM is one of the leading players in the two-wheeler industry and is the only company to have a presence in all three categories, i.e., motorcycles, scooters, and mopeds, catering to both …
The GST Council has referred the request to reduce GST on fertilizers to a group of ministries for further evaluation. This move has led to a decline in fertilizer stocks in the Indian market, affecting companies such as GNSC, FACT, and Chambal Fertilizers. Investors are reacting to the uncertainty surrounding potential tax changes in the …
Sobha Limited, in collaboration with Karma Lakelands, has come up with Sobha Aranya, an eco-luxe residential project in Gurugram’s Sector 80. The launch is important given the current dynamics of the Indian real estate market, where Delhi NCR stands out as a focal point of expansion. Buyer Preferences & Growth Delhi NCR is celebrated for …
On June 21, 2024, the Nifty 50 fell by 0.28% and closed at 23,501, and the Sensex dropped by 0.35%, closing at 77,209. Top Gainers and Losers On the sectoral front, Nifty Media, Nifty IT, Nifty Consumer Durables and Nifty Metal ended in the green. Meanwhile, Nifty FMCG, Nifty PSU Bank, Nifty Oil and Gas …
Following an earlier notification on June 19, 2024, regarding a partial production stoppage due to a labour strike at the Rakholi and Chinchpada plants, KEI Industries Limited is pleased to announce a positive development. Strike Resolution and Resumption of Normal Operations On June 21, 2024, the company announced that the labour strike had been successfully …
During Friday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Barak Valley Cements Ltd Barak Valley Cements Ltd saw a significant price movement today, reaching a high of Rs 65.15, with a traded volume of 2.54 lakhs. The stock is currently trading at …
On Friday, the market failed to maintain its opening gains, with profit booking seen at record levels. The Sensex declined by 0.35%, closing at 77,209.90, while the Nifty fell by 0.47%, ending at 23,501.10. Within the sectoral landscape, Nifty Media, Nifty IT, and Nifty Metal were among the top gainers, while Nifty FMCG, Nifty PSU …
On June 21, 2024, Rail Vikas Nigam Limited announced that the South Eastern Railway’s Electrical Headquarters identified it as the Lowest Bidder (L1). The project involves the design, supply, erection, testing, and commissioning of a 132 KV Traction Substation, Sectioning posts (SPs), and Sub-sectioning posts (SSPs) in a 2x25KV System on the Rajkhaswan-Nayagarh-Bolani section of …
The capital expenditure for the next fiscal is projected at Rs 11.11 lakh crore, marking an 11.1% increase, underlining its crucial role in driving economic growth. Infrastructure investments have been pivotal in stimulating job creation and attracting private investment. Notably, the road and rail sectors are poised to benefit significantly. In the latest budget, the …
