The State Bank of India (SBI) has projected that India’s gross domestic product (GDP) will grow at 6.3% during the current financial year (FY25), lower than the Reserve Bank of India’s (RBI) forecast of 6.6%, which was revised upward from 7.2% earlier. “We believe GDP growth for FY25 will be lower than the RBI forecast…
Royal Enfield, the global leader in the mid-size motorcycle segment, has announced the launch of the Goan Classic 350, a bobber-inspired motorcycle that celebrates the vibrant moto-culture of 1970s and ’80s Goa. Priced at ₹2,35,000 for single-tone variants and ₹2,38,000 for dual-tone options, the Goan Classic is now available for bookings and test rides. Powered…
IGL share price jumped nearly 4 per cent in mid-day trade on December 5 after the city gas distributor announced that the board will consider a proposal to issue bonus shares on December 10. “It is notified that the Board of Directors is scheduled to meet on December 10, 2024 to consider a proposal to…
Allcargo Gati Limited (formerly Gati Limited), one of India’s premier express distribution and supply chain management company, has launched the fastest direct delivery services through its Air Express Service to Imphal and Varanasi from key metro cities such as Mumbai, Delhi, Ahmedabad, Bengaluru, Hyderabad, Pune, Chennai, and Kolkata. Allcargo Gati is among the leading express…
Dr. Reddy’s Laboratories has introduced Toripalimab (brand name Zytorvi) in India, marking the country’s third access to this innovative PD-1 inhibitor. The drug is approved for treating recurrent or metastatic nasopharyngeal carcinoma (NPC), offering a new treatment option that has shown a 48% reduction in disease progression or death risk. According to GLOBOCAN 2022 data,…
Funding raised by non-banking financial companies (NBFCs) from mutual funds (MFs) grew nearly 47 percent year-on-year (Y-o-Y) to Rs 2.33 trillion in October 2024. Sequentially, funding support by MFs to NBFCs increased by 0.3 percent compared to September, according to CARE Ratings. Mutual funds (MFs) credit exposure to NBFCs, which includes commercial paper (CP) and…
Shares of Tata Power surged over 4 percent following the release of its Q2FY25 results, with several brokerages reaffirming their ‘buy’ ratings.Elara Securities said ‘buy’ while raising its target price on the stock from Rs 463 to Rs 518 and upgrading its rating from ‘accumulate’.Other brokerages including Motilal Oswal Financial Services, JM Financial and Nomura…
Toyota Kirloskar Motor (TKM) has announced its continued association with the prestigious Hornbill Music Festival, one of India’s most iconic cultural celebrations, for the third consecutive year through the title sponsorship. Held at the Naga Heritage Village, Kisama, in Kohima District, Nagaland, the festival runs from December 2 to December 10, featuring exciting performances, including…
Tata Motors Limited on Sunday said total sales in November rose marginally to 74,753 units as against 74,172 units in the same month last year. Tata Motors said in a statement that total domestic sales last month rose 1 per cent to 73,246 units as against 72,647 units in November 2023. The company said total…
Maruti Suzuki India on Sunday reported that its total sales in November grew 10 percent year-on-year to 1,81,531 units.The automaker had dispatched 1,64,439 units to its dealers in November last year.Total domestic passenger vehicle wholesales stood at 1,41,312 units as against 1,34,158 units in the same month a year ago, a growth of 5 percent.Sales…
