Today, the BSE Auto witnessed a decline of 1.19%. As the festive season approaches, the auto sector anticipates a significant uptick in demand, as consumers often prefer to take delivery of their vehicles during special occasions. India’s automotive industry is on the cusp of significant growth, driven by several key factors that promise a robust …
Lloyd Metals & Energy Ltd. (Lloyd) has announced its expansion into the renewable energy sector through the incorporation of a 100% wholly owned subsidiary (WOS) company named Lloyds Surya Private Limited (LSPL). LSPL will engage in the generation of renewable energy and other allied activities. Lloyd Metals & Energy Ltd (Lloyd) is a debt-free company …
Since the outbreak of the global COVID-19 pandemic, the stock market outlook remained reserved. So, it is no wonder that the news of vaccine will give market the boost it has been looking for. NSE benchmark, Nifty50 on Tuesday, has set a record by climbing the 13,000 marks amid extensive buying in different categories by …
JSW Steel and JFE Steel, Japan have signed Memorandum of Understanding (MoU) to conduct a joint feasibility study to establish a cold rolled grain oriented electrical steel manufacturing joint venture in India. The feasibility study has since been completed and both, JSW Steel and JFE Steel have in‐principle reached an agreement to establish a 50:50 …
In the ever-shifting landscape of global economic dynamics and the looming political uncertainty, Goldman Sachs has turned its attention to India’s Nifty index, projecting a year-end target of 21,800 by 2024. This forecast carries a potential upside of 10.7%, a promising prospect against the Nifty’s recent closing level of 19,694. Goldman Sachs’ Analysis: Outlined in …
The Indian stock market is a dynamic and evolving landscape, with companies experiencing varying levels of growth and performance. To accurately reflect these changes, market indices are periodically rebalanced, adjusting the composition of their constituent companies to ensure they continue to represent the market’s overall performance. Recently, the S&P BSE Indices underwent a semi-annual rebalancing, …
On Thursday, the Reserve Bank of India took action to limit the rapid increase in unsecured personal loans and credit cards. They increased the credit risk weights for these loans, which are generally disbursed without collateral, making it more costly for banks and NBFCs to lend money in this category. In simpler terms, banks and …
The Indian stock market holds the distinction of being the oldest in Asia, with the establishment of the Bombay Stock Exchange (BSE) in Mumbai in 1875. China’s stock market, comprising the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE), commenced operations in the early 1990s. India boasts two major stock market indexes, namely …
Yesterday Pidilite Industries which is the leading manufacturer of adhesives and sealants, held a board meeting and reported financial results for the second quarter of FY24 and more importantly company intends to set up a lending business. Yesterday the scrip closed at Rs 2,473.05. Today, it opened at Rs 2,469.95 and currently it is trading …
Equity benchmark index Sensex crashed below 1,159 points on Thursday, 28 October 2021, following a strong selling by foreign funds combined with offloading by a few non-institutional investors. Resultantly, traders fear that the flooding of IPOs in the coming weeks will prompt people to withdraw their money from listed stocks and invest in the initial …
