The move, aimed at bolstering financial resources for growth, comes as HMPL's shares have delivered remarkable returns, surging over 1,600% in two years.
Hyundai Motor India exported 1,63,155 units last fiscal. It had shipped 1,53,019 units in FY23. Kia Motors exported 52,105 units, while Volkswagen India shipped out 44,180 units last fiscal.
During the meeting, discussion was also held on inputs from market intelligence sources regarding the stock position held by various market players. The government ensures that strict action will be taken against the forward trading of pulses.
India's retail inflation eases to 5-month low of 4.85 per cent in March. The central bank has projected retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon.
India's forex reserves jumped to hit a fresh peak of USD 648.56 billion, RBI said on Friday.
Pharmaceutical giant Sun Pharma witnessed a decline in its share price, shedding 2% amidst broader market pessimism, reflecting sector-specific challenges or investor concerns regarding the company’s performance or industry dynamics.
The consumption sector plays a vital role in driving the economy, and with India's robust economic performance, the consumption narrative is poised for a transformation.
The company's net profit more than doubled in the March quarter, soaring by 140% to Rs 3.47 crore, while sales stood at Rs 114.60 crore. For the full financial year 2023-24, the net profit surged by nearly 70% to Rs 4.88 crore.
The Digi Yatra app links a traveller's boarding pass to a facial recognition system (FRS) that confirms their identification. As a result, getting to the boarding gates and completing the pre-security check takes less time.
"He is the perfect leader to take the helm of this fast-growing market and write its next chapter of our growth," Srinivas Pallia said after being replaced by Malay Joshi.
The significant surge in investments highlights a fundamental change where Indians are moving away from being primarily savers to becoming investors, indicating a notable transformation in the financial landscape of the country.
Bank customers across India will face disruptions in banking services as banks are set to remain closed for five consecutive days this week due to a series of religious holidays and the weekend.
The Eid-uL-Fitr and Ram Navami holidays will be observed on April 11 and 17, 2024. Meanwhile, the Indian stock market witnessed a positive start on Wednesday, with both the benchmark indices, Sensex and Nifty, making significant gains in early trade.
Investors are closely monitoring the market dynamics and key developments to assess the trajectory of the stock market throughout the trading day. The positive start augurs well for market participants, with hopes of continued bullish momentum in the trading sessions ahead.
After a successful rights issue earlier this year, the company aims to further enhance shareholder value and improve market accessibility through these strategic moves
The record date for eligibility is set for April 20, 2024. This dividend declaration comes as the company has witnessed significant growth, yielding over 300% returns in the past year.
Paytm (PAYT.NS) has said that Surinder Chawla has resigned as the chief executive officer of its banking unit Paytm Payments Bank.
According to market experts, buying in IT stocks contributed the most to the market rally in early trade.
The 30-share BSE Sensex jumped 494.28 points to settle at a new closing peak of 74,742.50. The NSE Nifty climbed 152.60 points to 22,666.30. Meanwhile, The rupee settled on a flat note on Monday at 83.31 against the US dollar.
The 30-share BSE Sensex jumped 307.22 points to reach a record high of 74,555.44 while the NSE Nifty climbed 79.6 points to 22,593 in early trade.
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