Auto stocks rallied as much as 6% on Monday ahead of the all important two-day GST council meeting that starts on Wednesday, September 3. Sectorally, auto trumped its peers with the Nifty Auto index finishing the day with 2.8% uptick. All the 15 stocks settled in the green. The positive sentiments helped stocks sail through … Read more
Trump’s tariff moves, coupled with weak Q1 earnings, weighed on domestic equities in August, pulling the BSE 500 index down nearly 2% during the month.. The gloom on D-Street was evident as 360 stocks in the broader index ended lower, with 65 names plunging up to 24%. PSU, infrastructure, and energy stocks bore the brunt, … Read more
After nearly two weeks of rebound, Tuesday’s session turned out to be a dampener with selling pressure gripping the indices right from the opening bell. “What made it worse was the banking sector,” said Ajit Mishra, SVP – Research at Religare Broking, in a conversation with ET Now. “Private banks have not participated in this … Read more
Suzuki Motor Corp. beat out Mercedes-Benz Group AG to become Japan’s top car importer in June, thanks to the Jimny Nomad and another popular small SUV assembled in India. The Japanese carmaker brought 4,780 vehicles into Japan last month, up a dramatic 230-fold jump from a year earlier, overtaking Germany’s Mercedes-Benz, according to data from … Read more
Maruti Suzuki, India’s largest carmaker, Friday reported a 4.3% decline in standalone net profit for the fiscal fourth quarter, missing Street estimates, as higher revenues outweighed an increase in expenses. Profit however touched a record in the just-ended financial year. Profit in the three months ended March 31 fell to ₹3,711.1 crore from ₹3,877.8 crore … Read more
President Donald Trump’s proposed 25% tariff on auto imports has ignited discussions among investors and analysts, particularly concerning its potential impact on mutual funds with significant holdings in automotive stocks. This tariff, aimed at bolstering domestic automotive manufacturing, could lead to increased costs for auto manufacturers. Consequently, the profitability and stock prices of companies within … Read more
First look at the e-Vitara Maruti Suzuki has unveiled the e-Vitara an all-electric SUV that offers impressive performance and advanced features, with two high-capacity battery options of 49kWh and 61kWh, providing a driving range of over 500 km on a single charge. The e-Vitara is powered by an advanced 3-in-1 electric powertrain system that integrates … Read more
New Delhi: The pilot project of the PM Internship scheme has seen a number of candidates withdrawing after being offered internships, people aware of the development said. In the first week of companies extending offers under the scheme in November, the acceptance rate was about a third, with many candidates backing out at the last … Read more
While the Nifty ended the week with a 1.6% gain, over Rs 8,228 crore worth of block deals were executed across large, mid, and small-cap stocks, marking significant market activity, which included both buying and selling action. Large-cap block deals In the large-cap segment, Torrent Pharma led the action, recording block deals worth Rs 3,207 … Read more
