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NSE share market NEWS tomorrow (03 January, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (03 January, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 03 January 2024

Adani Energy was amongst the top gainers, currently trading at 1183.20 in NSE with 4.967 times change in volumes and 11.365% change in price. Other gainers included National Buildings with 9.181% price change and 9.085 times volumes, Biocon with 6.067% price change and 1.641 times volumes, Adani Green with 5.843% price change and 7.817 times volumes, and Bajaj Auto with 4.823% price change and 3.476 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

National Aluminium was amongst the top losers, currently trading at 129.85 in NSE with 1.146 times change in volumes and -6.616% change in price. Other losers included Avenue Supermarts with -4.167% price change and 1.144 times volumes, Kaynes Technology with -4.031% price change and 5.811 times volumes, Hindalco Industries with -3.882% price change and 1.453 times volumes, and Bharat Heavy with -3.762% price change and 0.72 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Other stocks which made news headlines today and can be traded tomorrow are below.

Bajaj Auto board to consider share buyback on Jan 8, stock jumps over 5%. Under the Securities and Exchange Board of India (Sebi) regulations, the maximum limit for a buyback is 25 per cent or less of the paid-up capital and free reserves in that financial year

Vedanta Resources' bondholders back company's debt restructuring plan. "The overwhelming consent to the revised terms will take immediate pressure (off) Vedanta to repay the debt obligation," Vedanta Resources said

Investigate Religare Finvest's 8% ESPOs allotment to Saluja: Burman family. Burman family on Wednesday called for an investigation into the allotment of 8 per cent share of Religare Finvest Ltd to Religare Enterprises Chairman Rashmi Saluja through Employee Stock Ownership Plans (ESOPs). Terming the allotment as "unfortunate", the

HMSI sees increase in sales by 27% to 317,123 units in December 2023. Honda Motorcycle and Scooter India on Wednesday reported a 27 per cent increase in total sales at 3,17,123 units in December 2023 as compared to 2,50,171 units in the year-ago period. Domestic sales were at 2,86,101 units last month, as compared to 2,33,15

Karan Adani now MD of Adani Ports, Gautam Adani stays as executive chairman. Adani Ports and Special Economic Zone (APSEZ) on Wednesday said that the company has elevated its CEO Karan Adani to the role of Managing Director, a position which was held by Chairman of Adani group Gautam Adani. Gautam Adani has been re-designated as ex

Majority bondholders have consented to restructuring: Vedanta Resources. The company said 97.78 per cent, 98.69 per cent, 99.6 per cent, and 99.12 per cent of the four series of bonds respectively have consented in favour of the company's proposed restructuring

FMCG cos to witness low topline growth in Q3, volume growth to remain soft. Also, during the year, companies resorted to cutting prices of their products as commodity prices softened, thus also having restricted the growth in revenue in the quarter

IT major Tech Mahindra announces appointment of Richard Lobo as CHRO. Lobo replaces Harshvardhan Soin, who takes over the role of president- Asia Pacific & Japan effective January 3

CMS Info Systems reports 9.3% growth in retail consumption trends. In data shared with Business Standard, the company said the Y-o-Y growth in the October and November period has been at 12.5 per cent, pointing at robust growth in the third quarter as well

2024 to be 'good year' for smartphone industry: Xiaomi India President. The year 2024 promises to be a "good year" for the smartphone industry, Xiaomi India President Muralikrishnan B said on Wednesday as he pointed to the pace of economic growth, positive consumer sentiments, as well as the 5G devices uptick. Terming India as

Dr Reddy's Laboratories acquires women's health brands from MenoLabs. DRL said that it has acquired the entire MenoLabs supplements portfolio, which includes seven branded products designed to provide health support and address symptoms of perimenopause and menopause

Akasa Air inducts two new Boeing aircraft, total fleet rises to 22. Indian regulations mandate that carriers must have at least 20 aircraft in their fleet to be eligible for international flights

Govt scraps sale of Salem plant; 3rd SAIL unit's privatisation put on hold. The government on Wednesday said it has decided to scrap the privatisation of SAIL's Salem Steel Plant (SSP) in Tamil Nadu. This is the third unit of public sector major SAIL where the government has decided not to go ahead with the strategic sale. Earlier

Net advances of IndusInd Bank rise 20% to Rs 3.26 trillion in Q3 FY24. IndusInd Bank's growth in loans was 4 per cent in Q3 FY24 compared to the quarter ended in September 2023

Bengaluru-based IT company Mphasis appoints new Europe & GBPS head. Mphasis specialises in cloud and cognitive services and is based in Bengaluru. It has recently launched a dedicated AI Business unit

ArcelorMittal denies deal to buy out Tauron from joint venture GDANSK. ArcelorMittal holds a 50% stake in Tameh Holding via two of its subsidiaries, with Tauron owning the rest

Vedanta's aluminium production rises to 599,000 tonnes in Oct-Dec quarter. Vedanta Ltd on Wednesday said its total aluminium production rose 6 per cent to 5,99,000 tonnes in the third quarter of the current financial year. The company's aluminium output stood at 5,66,000 tonnes in the year-ago period. At Zinc International, the

Wipro's lawsuit against ex-CFO referred to arbitration by civil court. The court took this decision as Dalal produced agreements that indicated that disputes were to be settled through arbitration

Space startups report success of in-orbit experiments onboard Isro's POEM. Indian space startups Dhurva Space and Bellatrix Aerospace have successfully tested their P30 Satellite Platform and high performance green propulsion systems respectively onboard ISRO's POEM initiative. Hyderabad-based Dhruva Space, in a statement, said t

Kotak Mahindra Bank appoints Anupam Kaura as chief human resources officer. Kaura, who joins the private sector lender from Crisil's London office, has been appointed to "spearhead organisational transformation", according to a statement

Jio Financial-BlackRock JV applies for mutual fund licence with Sebi. The joint venture between Jio Financial Services and BlackRock has applied for a mutual fund licence with the market regulator, and the application is currently under consideration, according to a SEBI update. An update on mutual fund approval status from

LIC receives GST demand notice of Rs 663 crore from Chennai tax officials. Life Insurance Corporation of India (LIC) on Wednesday said tax authorities have slapped a demand notice of about Rs 663.45 crore on it for short payment of Goods and Services Tax (GST). The corporation has received communication/demand order for interest

FSSAI issues show cause notice to IndiGo for serving 'unsafe food'. Food safety regulator FSSAI has issued a show cause notice to the country's largest airline IndiGo for serving unsafe food to a passenger, days after a worm was found in a sandwich served onboard a flight. On Wednesday, the airline said it has received the

Samsung places bet on AI for greater sales as 2024 phone launches kick off. More than a billion smartphones with built-in generative AI are expected to be shipped by the end of 2027, according to Counterpoint Research estimates

Amazon's video ad push expected to generate extra bn in revenue. Amazon's advertising business - mostly search and display ads on its web store - generated .1 billion in the quarter ended September 30, about 8.5% of total revenue

SC to pronounce verdict on Adani-Hindenburg case today: The story so far. Adani Hindenburg verdict time: A bench comprising CJI DY Chandrachud and justices JB Pardiwala and Manoj Misra will deliver the judgement at 10:30 am

BYD pulls ahead as world's biggest producer of battery passenger cars. After a billion selloff during November, BYD is as cheap as it has been going back to the start of 2010, despite 31 out of 32 analysts putting a Buy rating on the stock

Adani-Hindenburg case verdict: SC grants Sebi 3 months for pending probes. Adani Hindenburg case verdict: SC also said that the Centre and Sebi will look into whether there has been any violation of law by Hindenburg Research on short-selling

Glenmark Pharmaceuticals launches antidiabetic drug 'Lirafit' in India. Glenmark Pharmaceuticals on Wednesday said it has launched a biosimilar of the popular antidiabetic drug, Liraglutide in India. The drug is being marketed under the brand name Lirafit following the approval from the Drug Controller General of India (DCGI),

Honeywell eyes 30% revenue growth from its Impact brand: Ashish Modi. Honeywell is eyeing around 30 per cent revenue growth in the next few years from its Impact brand, which provides sustainable and digital solutions for Indian businesses especially the MSME segment. "Since the last 3-4 years we have been growing at 30 per

Oil an option to recoup 0 million from Venezuela dividend: ONGC Videsh. Indian refiners have resumed purchase of Venezuelan oil following the easing of US sanctions on the South American country last year

'Grateful to those who stood by us': Adani on Adani-Hindenburg case verdict. Adani Hindenburg case verdict: The SC has refused to interfere in the investigation by the Securities and Exchange Board of India

Glenmark cuts diabetes drug cost by 70% with first Indian biosimilar launch. Drug, marketed under the brand name Lirafit, is priced at approximately Rs 100 for a standard daily dose of 1.2 mg

HCL Technologies to outshine IT peers in Q3 results: Elara Securities. Q3 IT preview: Elara Securities said that added that other large firms may witness a revenue dip of 1-1.3 per cent QoQ CC given weak seasonality

Atos set to hold due diligence talks with Airbus on sale of BDS unit. An Airbus spokesperson confirmed in an e-mailed statement sent to Reuters that it has submitted a non-binding proposal for a potential acquisition of Atos' BDS business line

REC Ltd, RVNL sign Rs 35,000 crore MoU to finance infrastructure projects. REC will be financing diverse projects including logistics hubs, rail, road, port, and metro over the next 5 years

Petronet to sign deal to extend Qatar LNG imports beyond 2028: Oil secy. Petronet has a 7.5-million metric ton per year (tpy) long-term LNG import deal with Qatar and its promoters Indian Oil Corp, Bharat Petroleum Corp and GAIL (India) Ltd has a 1 million tpy deal

Jio Financial's application for mutual fund licence under process: Sebi. Update by regulator puts to rest speculations that Jio is looking to enter MF space through acquisition

Bajaj Auto to consider share buyback in board meeting on January 8. Earlier this month, Bajaj Auto reported a 16 per cent rise in total sales at 3,26,806 units in December 2023

HC grants time to Vivo officials to respond to ED plea against release. The Delhi High Court on Wednesday granted three vivo-India executives one week to file their reply to a plea by the Enforcement Directorate challenging an order for their release in a money laundering case. While Additional Solicitor General S V Raju argue

Telangana will extend support to Amara Raja's Rs 9,500 cr project: CM Reddy. The Telangana government will extend necessary support for Amara Raja group's advanced chemistry cell gigafactory and battery pack assembly unit being set up in Mahbubnagar district, Chief Minister Revanth Reddy said on Wednesday. The Amara Raja team met t

SBI garners bn from overseas to cater domestic ESG financing market. State Bank of India (SBI) on Wednesday said it has raised USD 1 billion or (about Rs 8,300 crore) to cater to the domestic ESG financing market. The bank has concluded the issuance of USD 1 billion (USD 750 million and green shoe of USD 250 million) throug

Bank of Maharashtra slashes home loan rate on new year by 15 bps to 8.35%. State-owned Bank of Maharashtra (BoM) on Wednesday trimmed its home loan rate by 15 basis points to 8.35 per cent as part of its new year offer to customers. The processing fees are also waived on home loans, BoM said in a statement. This dual benefit of r

E-commerce firm Meesho recruits 150 during campus hiring, to take in more. Recruitments reflect 'robust road map for 2024', says Meesho, which is an e-commerce firm backed by SoftBank

Adani Group to fund Dharavi project via internal accruals, SPV stake sale. The Adani group, which is redeveloping Dharavi slums, plans to finance the entire project via internal accruals and possible sale of equity in the special purpose vehicle (SPV) set up for the project, according to sources. Earlier this week, the company ha

ArcelorMittal partners with IIT Madras to create Hyperloop facility in TN. Steel giant ArcelorMittal has partnered with the Indian Institute of Technology, Madras to build "Asia's first" Hyperloop test track facility here, the company said here on Wednesday. The companies, ArcelorMittal and ArcelorMittal Nippon Steel India (AM/NS

ONGC wins seven, Reliance-BP one oil, gas blocks in latest bid round. State-owned Oil and Natural Gas Corporation (ONGC) won seven areas for exploration of oil and gas while a consortium of Reliance Industries Ltd and BP Plc walked away with one in the latest bid round. Oil Minister Hardeep Singh Puri said 10 blocks for expl

GST dept issues demands, penalties totaling over Rs 19 cr to Ceat Tyres. Tyre maker CEAT Ltd on Wednesday said it has received GST demand and penalties totalling over Rs 19 crore from tax authorities in Maharashtra and Vadodara. The Additional Commissioner, CGST & Central Excise, Vadodara has issued an order for an interest of

Vietnam's EV maker VinFast plans to set up battery plant in Tamil Nadu. The company will make batteries for EVs at the plant in the city of Thoothukudi, one of the sources said

Adani Ports to raise up to 1 million funds by selling debentures. Billionaire Gautam Adani was re-designated as executive director from managing director and his son Karan Adani was re-designated as managing director from CEO, the company added

Air India appoints P Balaji as chief of regulatory and corporate affairs. P Balaji resigned from telecom operator Vodafone Idea on Tuesday after a decade-long stint. He is set to assume his role at Air India on January 11

EKA Mobility will supply 1,000 intercity electric buses to GreenCell. Electric vehicle maker EKA Mobility on Wednesday said it will supply 1,000 intercity electric buses to GreenCell Mobility. The two companies have signed a Memorandum of Understanding (MoU), under which 1,000 intercity electric buses in 12-metre and 13.5-me

Haldia Petrochemicals breaks ground on Rs 3,000 cr chemical plant in Bengal. Petrochemical major Haldia Petrochemicals Ltd on Wednesday announced that it has carried out the groundbreaking ceremony for India's largest phenol plant in West Bengal's Haldia. The Rs 3,000 crore project is expected to be completed by the first quarter o

PFC signs MoU with Gujarat govt for power projects worth Rs 25,000 crore. 'The collaboration will not only focus on the expansion of power infrastructure, but also help create employment generation of up to 10,000 in Gujarat,' said the Ministry of Power

KPI Green Energy, Emmvee ink deal for 300 MW of solar panels purchase. KPI Green Energy and Emmvee ink a major deal: Agreement reached for the purchase of 300 Megawatts of solar panels

Adani Group-Hindenburg row: SC will pronounce judgement on January 3. A bench of Chief Justice of India DY Chandrachud and Justices JB Pardiwala and Manoj Misra reserved its verdict on the order on various aspects related to the Hindenburg report in November 2023

State-owned PNB, BoM record double-digit loan growth during Oct-Dec quarter. State-owned Punjab National Bank (PNB) on Tuesday said it has posted a 13.5 per cent growth in advances to Rs 9.72 lakh crore for the December quarter. Total advances stood at Rs 8.56 lakh crore at the end of the third quarter of the last financial year, P

LIC receives GST demand notice of Rs 116 crore for Telangana state. Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 116 crore on it for short payment of Goods and Services Tax (GST) for 2017-18. The company has received communication/demand order for intere

Maruti Suzuki production falls 2.96% at 1,21,028 units in Dec 2023. Maruti Suzuki India on Tuesday reported a 2.96 per cent decline in total vehicle production at 1,21,028 units in December 2023. The company had produced 1,24,722 units in December 2022, Maruti Suzuki India said in a regulatory filing. Total passenger vehic

Coal production in the country increases by 10.75% in 2023: Govt. In a public statement, the Ministry of Coal said the production of Coal India Limited (CIL) has risen to 71.86 million tonnes (mt) in December 2023, as compared to 66.37 mt in December 2022

HUL receives Rs 447.5 cr GST demands and penalties, firm to make assessment. Leading FMCG maker Hindustan Unilever Ltd on Monday said it has received Goods and Services Tax demands and penalties totalling Rs 447.5 crore from the authorities. In a regulatory filing, HUL -- which owns brands such as Lux, Lifebuoy, Surf Excel, Rin, Po

Vedanta Resources faces investor reckoning over .2 billion of bonds. Vedanta needs a green light from at least two-thirds of the bondholders in each of the three securities to proceed with the plan. A holder meeting will be held on Jan. 4

The four fortunes riding on PM Modi's victory in Lok Sabha elections. Naturally, the biggest danger of allowing a handful of business groups to aggressively branch into new areas and extend their control over large swathes of economy is extreme concentration of power

ICICI Venture to sell its entire 42% stake in patisserie chain Theobroma. The alternative investment arm of ICICI Bank is expecting the 20-year-old chain Theobroma to be valued at Rs 2,800 crore

Godrej Properties buys 4-acre land parcel in North-West Bengaluru. The recent project by Godrej Properties is estimated to have a developable potential of approximately 0.7 million square feet of the saleable area

SC to consider hearing Vedanta's plea on Sterlite copper unit in Tami Nadu. The Supreme Court on Tuesday agreed to consider hearing the Vedanta group's plea related to the closure of its Sterlite copper unit in Tamil Nadu's Tuticorin. A bench comprising Chief Justice of India D Y Chandrachud and justices J B Pardiwala and Manoj Mi

Vivo PMLA case: ED moves Delhi HC against release of three employees. The trial court last week allowed the plea moved by Hong Xuquan, Harinder Dahiya and Hemant Munjal to challenge their arrest and subsequent custody in a PMLA case and directed their immediate release

Kia India appoints Gwanggu Lee as MD and CEO, succeeds Tae Jin Park. Kia India on Tuesday said it has appointed Gwanggu Lee as the new Managing Director and CEO with immediate effect. Lee succeeds Tae Jin Park, who retires after a 36-year journey with Kia Corporation including a four year stint with Kia India, the automaker

Not in talks with Musk's Starlink for a tie-up, says Vodafone India. On Monday, the Bombay Stock Exchange, where Vodafone Idea's stock is listed, had asked the company for a clarification, citing the BusinessWorld report

Easy Trip Planners gets board nod for raising funds up to Rs 1,000 cr. Online travel service provider Easy Trip Planners Ltd is planning to raise up to Rs 1,000 crore through a preferential issue. The board of directors of the company, at its meeting held on Tuesday, has given in-principle approval for the fundraising proposa

GACL ties up with Vedanta to explore opportunities in caustic-chlorine. Gujarat Alkalies and Chemicals Ltd (GACL) on Tuesday said it has signed an initial pact with Vedanta Aluminium for exploring various business opportunities in the areas of caustic-chlorine and other allied businesses. The Memorandum of Understanding (MoU)

Federal Bank's advances increase 18% to Rs 2.02 trillion in Q3 FY24. On a segmental basis, the bank said that as per its internal classification, its retail credit book grew by 20 per cent year-on-year, and its wholesale credit book grew by 17 per cent

SAIL enters deal with Chennai-based Ram Charan for managing emissions. Agreement is for multiple solutions like converting emissions to value-added products and fuel

Skincare brand Nivea India appoints Geetika Mehta as managing director. Mehta, who has an experience of over two decades in the FMCG sector, will steer the brand in the country, Nivea India said in a statement

Hershey Company appoints Luigi Mirri as general manager for India division. Global snacking firm Hershey Company on Tuesday said Luigi Mirri has been appointed as General Manager, India. Currently serving as the General Manager of APAC, Mirri will expand his responsibilities to include India, Hershey Company said in a statement. M

BHEL making India self-reliant in energy, infra: Heavy industries minister. State-owned engineering firm BHEL is not only making India self-reliant in energy and infrastructure sectors but also contributing significantly to defence and space segments, said Union Heavy Industries Minister Mahendra Nath Pandey. The minister inaugura

Suzuki Motorcycle India's vehicle sales grow 24% to 79,483 units in Dec. Two-wheeler maker Suzuki Motorcycle India on Tuesday said its vehicle sales increased 24 per cent year-on-year to 79,483 units in December. Suzuki Motorcycle India Pvt Ltd (SMIPL), a subsidiary of Suzuki Motor Corporation, had sold 63,912 vehicles in Decem

Airtel Africa CEO Ogunsanya to retire, Sunil Taldar named successor. Airtel Africa on Tuesday announced the retirement of Chief Executive Officer Olusegun 'Segun' Ogunsanya, with effect from July 1, 2024, and named Sunil Taldar as his successor. Taldar, who joined Airtel Africa in October 2023 as Director Transformation, w

CK Birla Group's Birlasoft names Manjunath Kygonahally as overseas CEO. Birlasoft appointed Manjunath Kygonahally as the Chief Executive Officer (CEO) for the Rest of the World (ROW) region. Kygonahally will be based in the United Kingdom

Coal India's supply to non-regulated sector rises 31% during Apr-Dec. State-owned CIL on Tuesday said its supplies to the non-regulated sector rose 31 per cent to 98 Million Tonnes (MT) in the April-December period of the current fiscal. Coal India Ltd (CIL) supplied 75 MT fuel in the corresponding period of the previous fis

Adani Ports reports 42% growth in cargo handling in December 2023. Adani Ports and Special Economic Zone (APSEZ) on Tuesday said its cargo volumes rose 42 per cent in December 2023 to 35.65 MMT (million metric tonne). According to a APSEZ statement, 10 ports in the APSEZ portfolio delivered their highest-ever cargo volume

UltraTech Cement slapped with two GST demand orders totalling Rs 72 lakh. Leading cement maker UltraTech Cement has received two demand orders, interest and penalties totalling Rs 72.06 lakh from the GST authorities. The company said it will challenge the orders before the appellate authorities. It has received an order from Ass

HFCL bags Rs 1,127 cr order to transform BSNL's optical transport network. HFCL Ltd (HFCL) on Monday said it has secured a Rs 1,127 crore order from Bharat Sanchar Nigam Ltd (BSNL) aimed at transforming the Optical Transport Network (OTN) infrastructure across the state-owned telco's pan India network. HFCL's comprehensive networ

Dharavi Redevelopment Project: Adani group signs planner, designer up. DRPPL is a joint venture between Adani Properties and Mumbai's Slum Rehabilitation Authority

Air India to fly wide-body A350 jet from Jan 22 on domestic routes. Aircraft that has three-class cabin configuration will later be used for 'destinations across continents'

Domestic steel sector still in recovery mode post-Covid: Tata Steel CEO. The steel sector in the country is still in recovery mode after the Covid pandemic, Tata Steel CEO and MD T V Narendran said on Monday. He said demand for steel will continue to grow, backed by the government's focus on infrastructure development. This (20

Zomato increases platform fee to Rs 4 from Rs 3 in select markets. The fee is levied on all customers, regardless of whether they are part of the company's loyalty programme Zomato Gold, which provides benefits such as free deliveries and increased discounts

Power Grid Corp bags transmission project for Rajasthan's 20 GW energy zone. State-owned Power Grid Corporation has bagged an inter-state power transmission project for evacuating power from a 20 GW renewable energy zone in Rajasthan. The scope of the project comprises the establishment of two 765kV D/C transmission lines traversin

TVS Motor Company posts 25% jump in sales at 301,898 units in Dec. TVS Motor Company on Monday reported a 25 per cent rise in total dispatches at 3,01,898 units in December 2023. The company had sold a total of 2,42,012 units in December 2022, TVS Motor Company said in a statement. Two-wheelers sales were at 2,90,064 unit

Eicher Motors gets Rs 130 cr tax demand notices, company to challenge. Eicher Motors has been served demand notices of over Rs 130 crore from three different authorities over issues related to GST, according to a regulatory filing by the company. The company has received a demand order for an aggregate amount of Rs 129.79 cro

Met winter's record peak power demand of 1,631 MW: Tata Power-DDL. Tata Power Delhi Distribution Limited on Monday successfully met this winter season's record peak power demand of 1,631 MW without any network constraint and power outage, the company said in a statement. The company is expecting the peak demand to breach

SJVN gets govt approval to form JVs for 8778 MW hydro, renewable projects. State-owned power producer SJVN Ltd on Monday said it has received the finance ministry's permission to form four joint venture firms for the development of hydro and renewable projects with a total capacity of 8,778 MW in India and Nepal. SJVN will be the

Ashok Vaswani takes charge as Kotak Mahindra Bank MD & CEO from January 1. Furthermore, C S Rajan, independent director, has assumed the office as the part-time chairman of the bank, with effect from January 1, 2024

Bharti Airtel Services set to acquire 97.1% stake in Beetel Teletech. Bharti Airtel Services, a wholly-owned subsidiary of Bharti Airtel, has entered into an agreement for the acquisition of 49.45 lakh shares or 97.1 per cent stake in Beetel Teletech, another Bharti Group company, according to a filing. Pegging the cost of a

Ola Electric consolidates electric two wheeler leadership with market gain. India's overall electric two-wheeler market in 2023 fell short of the one million mark

HDFC Bank goes live with NPCI-developed UPI in secondary market platform. HDFC Bank has executed transactions via the NPCI's UPI payments app as part of the 'UPI for secondary market' facility, which which went live on Monday, the lender said in a statement. The move follows markets regulator Sebi allowing the facility through t

MG Motor India posts 18% growth in retail sales at 56,902 units in 2023. MG Motor India on Monday reported an 18 per cent growth in total retail sales at 56,902 units in 2023 as compared to the previous year. In December 2023, the company's retail sales were 4,400 units, up 13 per cent from the year-ago month, MG Motor India sa

M&M December sales: Domestic SUVs sales up 24% Y-o-Y on strong demand. Cars and vans saw a significant drop of 97 per cent Y-o-Y sales, with the company only selling three units in the last month of the calendar year

JK Tyre raises Rs 500 cr; to be used for capex, strengthening balance sheet. JK Tyre & Industries on Monday said it has raised Rs 500 crore by way of qualified institutional placement (QIP). The QIP received an overwhelming response from marquee investors including Indian mutual funds, insurance companies and foreign institutional

Maruti Suzuki's total sales dip in December; exports in 2023 all-time-high. Despite the dip in December, Maruti Suzuki's compact segment continues to have the highest share in its total sales followed by utility vehicles and vans

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