Maruti Suzuki India (MSI) announced a price reduction for multiple models within its Auto Gear Shift (AGS) lineup on June 1, as reported in a filing with the exchanges. The price adjustments apply to various popular models, including the Alto K10, S-Presso, Celerio, Wagon-R, Swift, Dzire, Baleno, Fronx, and Ignis. While the company confirmed the…
Adani Enterprises shares: Thanks to a robust 12 percent surge in Adani Enterprises Ltd shares over the past month, the flagship company of the Adani group has completely recovered from the losses incurred following the critical report by Hindenburg Research on January 24, 2023. On Friday, Adani Enterprises rose by 1.91 percent, reaching a peak…
Mamaearth parent’s stock: A day after the skincare company reported its highest-ever quarterly net profit for the January–March quarter of FY24, Honasa Consumer, the discern organization of Mamaearth, noticed a 7% boom in its stocks throughout early buying and selling on May 24. Honasa Consumer’s stocks have been buying and selling at the NSE at…
Vedanta: On Friday, Vedanta Ltd, led by billionaire Anil Agarwal, announced the acquisition of an additional 46.57% stake in the Japanese display major, AvanStrate Inc, for $78.3 million. This acquisition was made through its wholly-owned subsidiary, Cairn India Holdings Ltd. Following this purchase, Vedanta’s total ownership in AvanStrate now stands at 98.2%. The transaction is…
Bank holiday on May 1st: Banks in multiple states will be closed on May 1 in observance of Maharashtra Day, which commemorates the creation of the Maharashtra state in India. Maharashtra Day signifies the anniversary of the state’s official formation in 1960 following the reorganization of states based on linguistic criteria. In several states, banks…
Dabur India shares fell over 4 percent after the company announced moderate growth in earnings for the January-March period. The stock fell 4.5 percent to 507 on the National Stock Exchange (NSE) at 1:38 pm. The company’s India operations and home and personal care segments are expected to grow in high-single digits, the company said…
Tata Motors: The Tamil Nadu government announced that the Company will invest Rs 9,000 crore to establish its first vehicle manufacturing factory. Key Points Tamil Nadu government and Tata Motors signed an agreement for a new automobile production facility. Tata Motors’ first manufacturing facility in the state is valued at Rs 9,000 crore. The manufacturing…
India: In the first two months of the oil year 2023-24 (November to October), India’s edible oil imports fell by 20.38 percent. According to figures from the Solvent Extractors’ Association of India (SEA), India imported 24.55 lakh tons (lt) of edible oil in the first two months of the oil year 2023-24, compared to 30.84…
