Tata Technologies experienced a notable 7% increase in its share price on April 2, subsequent to its announcement of a joint venture with BMW Group for the development of automotive software. At 10:25 am, Tata Technologies’ shares were trading at Rs 1,123.15, reflecting the positive market sentiment towards the collaboration. The stock’s all-time high stands … Read more
Aditya Birla Fashion & Retail (ABFRL) witnessed a remarkable 15% surge in its share price during intraday trading on April 2, following the announcement that the company’s board had authorized the management to explore the vertical demerger of its Madura Fashion & Lifestyle business into a separate listed entity. As of 09:55 am, Aditya Birla … Read more
Bharat Dynamics, a key player in the field of ammunitions and missile systems, witnessed a slight downturn in trading as its shares fell by nearly 1 percent at the open on the National Stock Exchange (NSE) on April 2. This decline followed the company’s announcement of a 5.6 percent decrease in its turnover for the … Read more
The trading floor witnessed an upswing as Uflex, a leading player in the packaging industry, saw its shares surge by an impressive 6% during the opening trade on April 2. This notable increase came in the wake of the company’s latest development: the successful commissioning of a CPP (Cast Polypropylene) film production line at its … Read more
TVS Motor Company, a leading player in the Indian automotive industry, marked a significant milestone with a robust 12% surge in its sales volume for March 2024. The company reported sales of 354,592 units, a notable increase from the 317,152 units recorded during the same period last year. Despite this impressive growth trajectory, the company’s … Read more
In a significant move towards enhancing transparency and efficiency in infrastructure development, the Ministry of Road Transport and Highways has unveiled a detailed Standard Operating Procedure (SOP) for the sanctioning process of new green field National Highway projects. Effective April 1, 2024, this SOP mandates that projects costing over Rs. 500 crore (Civil cost), not … Read more
A comprehensive report jointly conducted by the International Labour Organisation and the Institute of Human Development has brought to light concerning revelations about the state of youth unemployment in India. Released on March 26, the report paints a grim picture, indicating that a staggering eight out of every ten unemployed individuals in the country are … Read more
In the coming months, investors can expect a significant influx of shares worth Rs. 1.47 lakh crore ($17.7 billion) flooding the domestic market as lock-in periods expire for 66 companies, spanning from April to July 2024. Among these companies are notable names like Tata Technologies, Exicom Telesystems, IREDA, Honasa Consumer (Mamaearth), and JSW Infra, each … Read more
The Finance Ministry disclosed that India’s GST collection for March 2024 reached a significant milestone, totaling Rs. 1.78 lakh crore, reflecting an impressive year-on-year growth of 11.5%. This achievement underscores the robustness of India’s economic recovery amidst ongoing challenges. Furthermore, the fiscal year 2023-24 concluded with a noteworthy gross GST collection of Rs. 20.18 lakh … Read more
March 2024 marked a significant milestone for India’s electric two-wheeler market, with sales soaring to an unprecedented high of over 1,36,000 units. This remarkable figure reflects a remarkable 50% year-on-year increase, underlining the growing traction and acceptance of electric mobility in the country. Comparatively, March 2023 recorded around 85,000 electric two-wheeler sales, while March 2022 … Read more
Indian gold futures soared to unprecedented heights on Monday, mirroring the upward trajectory observed in international markets, effectively putting pressure on demand within the world’s second-largest consumer market for the precious metal, as confirmed by industry dealers. The surge propelled domestic gold futures to a staggering 69,487 Indian rupees ($834.07) per 10 grams, marking an … Read more
SEBI Chief Madhabi Puri Buch, speaking at the 59th Annual Convocation of the Indian Institute of Management in Ahmedabad, candidly shared her poignant recollections of her student days, painting a vivid picture of feeling entrapped within the confines of a relentless ‘pressure cooker.’ Reflecting on her time at the prestigious institution, Buch recounted a narrative … Read more
The Employees’ Provident Fund Organisation (EPFO) has rolled out a new online feature on the Member e-Sewa portal, empowering EPF members to effortlessly complete their Know Your Customer (KYC) process and rectify information in their provident fund accounts. Dubbed “Joint Declaration,” this latest facility aims to streamline procedures for EPF members and eliminate the need … Read more
“The India Employment Report 2024,” a comprehensive analysis conducted by the Institute for Human Development/International Labour Organisation, delves into the intricate dynamics of the current state and future trajectory of youth employment in India. The report unveils a sobering narrative, revealing that the country’s widely celebrated ‘demographic dividend’ is perilously at risk of being squandered … Read more
Elevating the standard of smartphone innovation, the Samsung Galaxy S24 Ultra emerges as a trailblazer in the realm of mobile intelligence. Packed with cutting-edge features meticulously designed to enhance creativity, productivity, and overall user experience, this powerhouse smartphone stands poised to revolutionize the way we engage with technology. In essence, the Samsung Galaxy S24 Ultra … Read more
Infosys Ltd, India’s second-largest software services provider, is poised to receive a substantial tax refund amounting to Rs 6,329 crore from the income tax department. However, concurrently, the company faces a noteworthy tax liability of Rs 2,763 crore as per assessment orders. In response to these developments, Infosys issued a statement to the exchanges, indicating … Read more
Tata Consultancy Services (TCS) is facing scrutiny amid accusations of hiring biases within its US division. A recent Wall Street Journal report sheds light on allegations made by a group of disgruntled American employees, who claim they were terminated by the tech giant to make way for Indian workers on H-1B visas. According to the … Read more
In light of a recent advisory issued by the Insurance Regulatory and Development Authority of India (IRDAI), insurance companies have announced plans to extend their office hours on Sunday, March 31. The move aims to alleviate any potential inconvenience to policyholders as the financial year 2023-24 draws to a close. Recognizing the significance of March … Read more
In a bid to restructure its operations and trim expenses, Zee Entertainment has announced sweeping cost-cutting measures, marked by a substantial downsizing of its tech team at the innovation hub in Bengaluru. This strategic decision comes hot on the heels of the dissolution of the much-anticipated merger deal between Zee and Sony. Shedding light on … Read more
Kotak Mahindra Bank Ltd, a leading private sector lender, has finalized the purchase of the entire issued and paid-up capital of Sonata Finance Pvt Ltd for an estimated sum of around Rs. 537 crore. The acquisition was confirmed through a filing with the stock exchanges on March 28. Following this transaction, Sonata Finance now operates … Read more