Markets trade higher in early trade; Nifty tests 17k level

Markets trade higher in early trade; Nifty tests 17k level

File image. | Photo Credit: PTI Benchmark indices were trading in the positive territory in early trade on March 29 amid fresh foreign fund inflows and buying in HDFC twins. The 30-share BSE Sensex advanced 218.68 points to 57,832.40 in initial trade. The broader NSE Nifty climbed 71.5 points to 17,023.20. Among the Sensex firms, […]

Continue Reading
IFC to invest ₹600 crore in M&M’s new last mile mobility company

IFC to invest ₹600 crore in M&M’s new last mile mobility company

I The International Finance Corporation (IFC) has announced to invest ₹600 crore in a new last mile mobility (LMM) company ¬ a wholly owned subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo).  A gamechanger for microentrepreneurs in India, the funding is aimed at transforming the lives of micro entrepreneurs, operating electric three […]

Continue Reading
Sensex declines 474 points, Nifty falls below 17,000 level as IT, banking stocks retreat

Sensex declines 474 points, Nifty falls below 17,000 level as IT, banking stocks retreat

Benchmark stock indices Sensex and Nifty declined by nearly 1% in opening trade on Monday following selling in IT banking and auto stocks triggered by weak global trends. | Photo Credit: The Hindu Benchmark stock indices Sensex and Nifty declined by nearly 1% in opening trade on Monday following selling in IT banking and auto […]

Continue Reading
Benchmark indices trade higher on firm global market trends

Benchmark indices trade higher on firm global market trends

Markets in Seoul, Tokyo, and Hong Kong traded higher, while Shanghai quoted lower Markets in Seoul, Tokyo, and Hong Kong traded higher, while Shanghai quoted lower Equity benchmark indices made a positive start on Monday with the Sensex climbing 563 points in early trade amid firm global market trends and fresh foreign fund inflow. Continuing […]

Continue Reading
Passenger vehicle sales rise on improved chip supply

Passenger vehicle sales rise on improved chip supply

Improvement in semiconductor supplies helped automakers, including Maruti Suzuki, Hyundai, Tata Motors and Mahindra & Mahindra, report single to high double-digit growth on Monday in their domestic passenger vehicles sales in July. Other manufacturers, Kia India, Toyota Kirloskar Motor (TKM), Honda Cars India, Skoda Auto India, also reported robust growth in their domestic passenger vehicle […]

Continue Reading
M&M Q4 net jumps fivefold, UV volumes hit record

M&M Q4 net jumps fivefold, UV volumes hit record

Mahindra & Mahindra Ltd. (M&M) on May 28 reported fourth-quarter standalone net profit jumped fivefold to ₹1,292 crore, from ₹245 crore in the year-earlier period, helped by record sales volume of utility vehicles (UVs). Standalone revenue grew 28% to ₹17,124 crore. For FY22, standalone net profit surged fivefold to ₹4,935 crore, while revenue rose 29% […]

Continue Reading