Fiscal 2024 proved to be a mixed year for India’s automobile sector, with several challenges impacting exports. Economic slowdowns in key global markets, tightening fiscal policies, and geopolitical tensions negatively affected overseas shipments. Exports of two-wheelers, tractors, and commercial vehicles saw notable declines of 5%, 21%, and 16%, respectively, while the auto parts sector fared …
Allcargo Logistics Limited has released its operational performance for November 2024, highlighting growth across its key segments: LCL, FCL, and Air operations. LCL (Less-than-Container Load) Operations LCL volumes continued to exhibit steady growth, marking a year-on-year (YoY) increase for the fourth consecutive month. The volume stood at 7,18,000 cubic meters in November 2024, slightly higher …
Redtape Ltd has announced a series of significant developments including the declaration of an interim dividend, a proposed bonus issue, and an increase in the authorised share capital of the company. Interim Dividend The Board of Directors has approved an interim dividend of ₹2 (100%) per equity share of ₹2 each for the financial year …
Government stocks in India refer to shares of publicly traded companies that are either owned or significantly controlled by the government. These stocks often represent industries crucial to the nation’s infrastructure, economy, and development, such as energy, transportation, and finance. In this article, check the best government stocks list in January 2025, based on the …
November 2024 is set to bring several new fund offerings (NFOs) to India’s mutual fund landscape, providing fresh investment opportunities across a wide range of asset classes. These NFOs include sector-specific funds, thematic funds, index funds, and multi-cap funds, giving investors diverse options to consider based on their risk tolerance and financial goals. In this …
Surya Roshni Limited, a leading player in the Indian lighting and steel pipe industry, has announced the issuance of bonus equity shares. This move comes after obtaining shareholder approval and regulatory clearances, highlighting the company’s commitment to enhancing shareholder value. Key Highlights of the Bonus Issue The company will issue bonus equity shares in the …
NMDC announced a bonus issue of shares in a 2:1 ratio, with the record date of December 27, 2024. Shareholders holding 1 share will receive 2 bonus shares. As per the news reports, the company further informed that the date of allotment is December 30, 2024, and the shares will be made available for trading from …
On December 27, Indian equities might be impacted today, as indicated by GIFT Nifty futures, which were trading 4 points lower at 23,952. On Thursday, the BSE Sensex closed flat at 78,472.48, while the Nifty50 rose by 22 points or 0.10% to end at 23,750.20. Here are some key stocks to keep an eye on: …
State-owned Indian Oil Corporation Ltd (IOCL) has announced an investment of ₹61,000 crore to establish a naphtha cracker project in Paradip, Odisha. This decision was confirmed during a meeting between Odisha Chief Minister Mohan Charan Majhi and IOCL Chairman AS Sahney in Bhubaneswar. MoU Signing and Project Foundation A Memorandum of Understanding (MoU) for the …
On December 26, 2024, the IRCTC website and mobile app, used for booking train tickets, were temporarily unavailable. The IRCTC confirmed that the outage was due to scheduled maintenance work. The timing of the issue affected many passengers, especially during the busy holiday season when train ticket bookings are high. IRCTC stated, “Due to maintenance …
