Automakers are likely to plan an aggregate capital expenditure outlay of ₹65,000 crore over FY2023-FY2025 to ramp up capacity to meet demand and for new product development, according to Icra. The rating agency said wholesale volumes are projected to touch an all-time high of 3.7-3.8 million units in FY2023, a growth of 21-24% from FY22, backed by […]
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Representational photo | Photo Credit: AMIT DAVE The government has received about ₹5,001 crore as dividend tranche from ONGC, taking the total dividend receipt from all CPSEs (central public sector enterprises) so far this fiscal to ₹23,797 crore. “The government has received about ₹5,001 crore from ONGC as dividend tranche,” the Department of Investment and […]
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To streamline disclosure requirements, markets regulator SEBI has proposed mandating the top 250 listed companies to confirm or deny any information reported in the mainstream media, which may have material effect on the listed entity. In addition, SEBI has suggested reducing the timeline to 12 hours from the occurrence of event or information from 24 […]
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Alfred Nixon, Senior Vice President – Product Development, ALL, with Sanjeev Kumar, Head – M&HCV, at the Partner Super roll out in Chennai on Monday. Ashok Leyland Ltd. (ALL) now has a complete range of Intermediate Commercial Vehicle (ICV) trucks with the unveiling of three variants under new platform ‘Partner Super’, said a top official. […]
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Hatsun Agro Product Ltd. (HAPL) has reported a 49% dip in standalone net profit for the second quarter ended September to ₹42 crore on an increase in raw material costs and unprecedented rainfall. During the quarter under review, the revenue from operations grew by 7% by ₹1,748 crore, while raw material costs rose from ₹1,148 […]
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India’s imports from China in 2021 alone exceeded exports to its northern neighbour by almost $70 billion India’s imports from China in 2021 alone exceeded exports to its northern neighbour by almost $70 billion The favourable trade balance that China has enjoyed with India, since bilateral commerce began to boom in the early 2000s, […]
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The Group of Seven richest economies (G7) has been trying to enforce a price-capping mechanism on Russian oil exports The Group of Seven richest economies (G7) has been trying to enforce a price-capping mechanism on Russian oil exports India said on Wednesday it will examine a proposal by Western nations to impose a price cap […]
Continue ReadingThe company said sales to original equipment customers grew by 25% and sales to aftermarket customers by 1% The company said sales to original equipment customers grew by 25% and sales to aftermarket customers by 1% Rane Brake Lining Ltd. has posted an almost 20% increase in standalone net profit for the second quarter to […]
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The four days between Sept. 22 and 25 brought in 60% of the projected gross merchandise value of 5.9 billion for the whole first wave of festive sales The four days between Sept. 22 and 25 brought in 60% of the projected gross merchandise value of 5.9 billion for the whole first wave of festive […]
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‘Focus of taxation must on those who can bear the burden rather than taxing small items of daily use that affect everybody’ ‘Focus of taxation must on those who can bear the burden rather than taxing small items of daily use that affect everybody’ Finance Minister Nirmala Sitharaman asserted on Tuesday that India’s direct tax […]
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