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Two-wheeler sales to rose 8-9% in FY26
10 Jun

Two-wheeler sales to rose 8-9% in FY26

editorBusiness, News
Mumbai, June 10 Domestic two-wheeler sales are expected to grow 8-9 percent this fiscal, surpassing pre-Covid-19 levels, a report said on Monday. This includes several other factors including moderating inflation and the possibility of a favourable monsoon.The CareEdge Ratings report also mentioned that the domestic two-wheeler industry has maintained a healthy growth of 8 percent, 10 percent and 11 percent in FY23, FY24 and FY25, respectively.Sales growth in FY25 was supported by a 21 percent export recovery and a 9 percent growth in domestic sales. It said the improvement in exports was led by stability in key markets impacted by…
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Maharashtra and Karnataka drive FDI rose with 51% share in FY25
09 Jun

Maharashtra and Karnataka drive FDI rose with 51% share in FY25

editorBusiness, News
Maharashtra and Karnataka have emerged as the top destinations for foreign direct investment (FDI) in India during FY2024-25, accounting for more than half of the country's total inflows, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT).Maharashtra topped the FDI table with foreign inflows of USD 19.6 billion, accounting for 31% of India's total FDI during April-March FY2025.Karnataka stood second with foreign investments of USD 6.62 billion, helping the two states collectively grab 51% of the total inflows. DPIIT data shows Delhi ranked third with USD 6 billion, followed by Gujarat (USD 5.71 billion),…
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Silver futures price rose: Prices rise in India
07 Jun

Silver futures price rose: Prices rise in India

editorBusiness, News
New Delhi, June 6: Silver prices rose by Rs 80 to Rs 1,01,460 per kg in futures trade on Thursday as participants increased their bets. At the Multi Commodity Exchange, the price of silver contracts for July delivery rose by Rs 80, or 0.08 percent, to Rs 1,01,460 per kg in a business turnover of 17,560 lots. Analysts said fresh deals by participants led to the rise in silver prices. Globally, silver was trading 0.10 percent lower at $34.46 per ounce in New York.
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Yes Bank shares rose after board approves raising ₹16,000 crore
06 Jun

Yes Bank shares rose after board approves raising ₹16,000 crore

editorBusiness, News
Yes Bank shares: Yes Bank shares rallied 1.87% to hit an intraday high of ₹21.24 on the BSE a day after its board approved raising ₹16,000 crore through a mix of equity and debt to fund business growth. The board approved raising of funds by issuance of eligible equity securities through various permissible instruments, provided that the aggregate amount to be raised by issuance of such securities does not exceed ₹7,500 crore and does not result in an aggregate dilution of more than 10% (including dilution on account of issuance of equity securities and conversion of any convertible debt securities…
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Silver futures price upgrade : Prices rose in India
05 Jun

Silver futures price upgrade : Prices rose in India

editorBusiness, News
New Delhi, June 5: Silver prices rose by Rs 80 to Rs 1,01,460 per kg in futures trade on Thursday as participants increased their bets. At the Multi Commodity Exchange, the price of silver contracts for July delivery rose by Rs 80, or 0.08 percent, to Rs 1,01,460 per kg in a business turnover of 17,560 lots. Analysts said fresh deals by participants led to the rise in silver prices. Globally, silver was trading 0.10 percent lower at $34.46 per ounce in New York.
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Gold prices upgrade , silver goes up by Rs 100
04 Jun

Gold prices upgrade , silver goes up by Rs 100

editorBusiness, News
New Delhi, June 4: The price of gold rose by Rs 70 to Rs 99,000 per 10 grams in the national capital on Tuesday due to a fall in the rupee, according to the All India Sarafa Association. The precious metal of 99.5 percent purity rose by Rs 200 to Rs 98,600 per 10 grams (inclusive of all taxes). The price of silver rose by Rs 100 to Rs 1,00,200 per kg (inclusive of all taxes) on Tuesday. The rupee on Tuesday closed 21 paise lower at 85.60 (provisional) against the US dollar due to strength in the American currency…
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Guarseed futures prices upgrade on spot demand
03 Jun

Guarseed futures prices upgrade on spot demand

editorBusiness, News
New Delhi, June 3: Guarseed prices rose by Rs 16 to Rs 5,109 per quintal in futures trade on Tuesday as speculators increased their positions amid a firm trend in the spot market. On the National Commodity and Derivatives Exchange, the price of guarseed contract for July delivery rose by Rs 16, or 0.31 percent, to Rs 5,109 per quintal in a business turnover of 35,480 lots. According to market sources, the main reason for the rise in guarseed prices is speculators increasing their positions, firm trend in the spot market and lower supplies from producing regions.
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IRCTC shares upsurge after 26% rise in profit in March quarter on boost from tourism business
31 May

IRCTC shares upsurge after 26% rise in profit in March quarter on boost from tourism business

editorBusiness, News
Shares of Indian Railway Catering and Tourism Corporation (IRCTC), the online ticketing and catering arm of the Indian Railways, rose 3.04% to hit an intraday high of ₹799 on Thursday. The gain was recorded after it reported January-March quarter earnings after market opened on Wednesday. IRCTC's consolidated net profit rose 26% to ₹358 crore in the March quarter from ₹284 crore in the same period last year. The jump in profit came on the back of an exceptional profit of ₹46 crore and strong performance of its tourism business. IRCTC's operating revenue rose 10% to ₹1,268 crore as against ₹1,152…
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Suzlon Energy shares inflation 13.5%, Q4 net profit jumps 4-fold; chairman says company posted highest profit in 10 years
30 May

Suzlon Energy shares inflation 13.5%, Q4 net profit jumps 4-fold; chairman says company posted highest profit in 10 years

editorBusiness, News
Suzlon Energy share price: One of the renewable energy solution providers, especially in the wind energy space, jumped sharply in trade on Friday, May 30, after the company on Thursday reported a four-fold jump in its consolidated net profit to ₹1,181 crore for the March quarter (Q4FY25), mainly led by higher revenues. In early deals, the stock jumped 13.57% to hit a high of ₹74.30 on the NSE. It reported a consolidated net profit of ₹254 crore in the quarter ended March 2024, BSE filings showed. Its total income rose to ₹3,825.19 crore in the quarter from ₹2,207.43 crore a…
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Gold price upgrade to Rs 99,000 per 10 grams, silver rises
29 May

Gold price upgrade to Rs 99,000 per 10 grams, silver rises

editorBusiness, News
New Delhi, May 29: According to the All India Sarafa Association, the price of gold in the national capital rose by Rs 500 to Rs 99,000 per 10 grams on Wednesday amid a strong trend in overseas markets. The precious metal of 99.5 percent purity rose by Rs 500 to Rs 98,500 per 10 grams (inclusive of all taxes). Also, the price of silver rose by Rs 1,000 to Rs 1,00,000 per kg (inclusive of all taxes) on Wednesday. The metal had declined by Rs 1,370 to Rs 99,000 per kg in the previous market session. Globally, spot gold rose…
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