Chennai: Despite concerns over a deficient monsoon in several parts of the country, demand for tractors has remained resilient. Domestic tractor sales recorded strong double-digit growth in June on both a year-on-year and sequential basis. The robust performance also lifted first-quarter volumes, which rose 19% year-on-year, indicating that demand for farm mechanisation has so far…
BENGALURU: Delhi high court has listed hostel chain Zostel’s appeal against IPO-bound hospitality firm Oyo for hearing on Aug 12, while disposing of an interim application Zostel filed. The dispute stems from Oyo’s proposed acquisition of Zostel in 2015. The deal later fell through, triggering arbitration proceedings and litigation. Source link
MUMBAI: Both sensex and Nifty ended 1% higher respectively on Friday, extending gains for the second day, aided by a rally in heavyweights Reliance Industries, ICICI Bank and HDFC Bank, and positive global cues. Easing crude oil prices and buying in IT stocks propelled the rally. Sensex jumped 828 points to settle at 77,569. Source…
BENGALURU: India’s startup IPO pipeline gathered further momentum on Friday as manufacturing platform Zetwerk, furniture rental company Rentomojo and defence technology firm Tonbo Imaging received Sebi approval for their proposed public issues.According to sources, Zetwerk plans to raise Rs 4,000-5,000 crore through its IPO. Source link
Despite stock market volatility in June, net inflows into equity mutual funds (MFs) during the month jumped 26% over May to almost Rs 29,000 crore as investors poured money into mid- and small-cap funds ahead of other types of schemes.Gross flows through the SIP route also jumped to nearly Rs 31,800 crore, a three-month high…
Bloomberg has introduced a new electronic trading system that allows global investors to buy and sell Indian govt bonds more easily, marking an important step in opening up India’s bond market to the world. The company said it has completed its first fully-electronic trade in Indian govt bonds using this system. The new workflow enables…
MUMBAI: Equity benchmark indices pared more than half of their intraday gains on Thursday after profit booking in the final hours, even as sensex and Nifty had staged a sharp recovery earlier in the session on bottom fishing and positive cues from foreign institutional investors.After a 1,677-point fall on Wednesday, sensex opened higher at 76,576…
MUMBAI: Bank of Maharashtra reported a net profit of Rs 2,023 crore in Q1FY27, up 27% from Rs 1,594 crore in the corresponding quarter a year earlier, driven by higher net interest income and non-interest income as loan growth lifted interest earnings while other income streams strengthened. The increase in net profit was driven by…
The government has said that the Ethanol Blended Petrol (EBP) Programme is a major component of India’s energy strategy,. (E85 petrol – ANI photo) Seeking to clarify the goals and usage implications of ethanol-blended petrol, the government has come out with a list of Frequently Asked Questions (FAQs). The move comes amid backlash and concerns…
ONGC said the proposed facility, along with related infrastructure, will be developed as the Phase-I expansion of the existing strategic petroleum reserve at Mangaluru. (Reuters photo) As the world faces turmoil with the ongoing Middle East situation, state-run Oil and Natural Gas Corporation (ONGC) on Friday announced that its board has granted in-principle approval for…