Benchmark stock market indices closed higher after witnessing a brief rally on the first day of trading in 2025 fuelled by a rally in auto sector stocks. The S&P BSE Sensex added 368.40 points to end at 78,507.41, while the NSE Nifty50 gained 98.10 points to close at 23,742.90. Vinod Nair, Head of Research, Geojit … Read more
The recent milestones of the Nifty50 at 26,000 and Sensex at 85,000 were short-lived as headwinds from the Middle East and the shift of FII funds to cheaper Asian markets weighed on investor sentiment. Over the week, these benchmark indices fell by more than 4%, with a broad-based decline across sectors such as auto, banking, … Read more
With the previous norm of one autorickshaw stand at each junction expanding to multiple stands at different sides of the same junction, non-governmental organisations and others are urging civic and enforcement agencies to tackle the obstructive parking of autorickshaws and buses at junctions. Pointing to half-a-dozen of autorickshaw stands at junctions like Vyttila, T.N. Pratapan, … Read more
ET Intelligence Group: Tata Technologies, a provider of software solutions for automakers, is looking to raise ₹3,042 crore through an initial public offering. This is the first IPO from the Tata Group in nearly two decades. The shares in the IPO are offered by promoter Tata Motors, whose holding will drop to 55% after the … Read more
A board that was erected at the end of the Control Room flyover, near Vinayaka temple, was pushed aside a bit to allow two-wheelers. | Photo Credit: G.N. RAO Traffic restrictions established in view of the Dasara festivities at Sri Durga Malleswara Swamywarla Devasthanam are inconveniencing to both the public and auto drivers, who are … Read more
Toyota Kirloskar Motor (TKM) will set up 30 Government Tool Room & Training Centre (GTTC) institutes in Karnataka for developing skilled human resources for the manufacturing units and start-up entrepreneurs. TKM was taking a proactive initiative towards the development of industry-specific skills, knowledge, and culture in institutes. The primary aim was to bridge the gap … Read more
Bengaluru The private transport unions and federations on Monday withdrew the call for a strike on July 27 after meeting Transport Minister Ramalinga Reddy. Earlier, opposing the Shakti scheme, which offers free rides for women in non-premium bus services of the road transport corporations (RTCs), 23 private transport unions and federations had decided to call … Read more
According to C. Sampath, general secretary of Adarsha Auto Drivers’ Union in Bengaluru, auto drivers have lost 30-40% of their business after the scheme was launched. | Photo Credit: Pooja S., who commutes from Bagalagunte to Dasarahalli metro station in North Bengaluru, shifted from autorickshaws to bus after the launch of the Shakti scheme that … Read more
“I think the discretionary space also is looking extremely good. But I think stock picking is very important there at this point of time given pockets of slowdown and also expensive valuations in certain stocks,” says Srinivas Rao Ravuri. Just wanted to also understand what the key triggers are for picking out the domestic consumption … Read more
Autorickshaw involved in the blast kept near Padil-Pumpwell Main Road in Mangaluru on Sunday. The moving autorickshaw caught fire, after a minor blast reportedly occurred from a bag being carried by the passenger in the city on November 19, 2022. | Photo Credit: MANJUNATH HS The Karnataka police have now confirmed the identity of the … Read more