Shares of JSW Infrastructure made a positive debut on the stock markets on October 15, rising 3 percent to Rs 329 after Nuvama Institutional Equities initiated coverage with a ‘buy’ call, emphasising on the upside citing multiple levers for growth.With a target price of Rs 390, the domestic brokerage estimates an upside potential of 22…
Pune-headquartered Bajaj Auto Ltd is set to release its earnings report for the second quarter of FY 2025 on October 16. Increase in volumes and diversified product mix are expected to drive the company’s sales to double-digit growth rate on a year-on-year basis.According to a Moneycontrol poll of eight brokerage firms, the Triumph maker is…
The Reserve Bank of India (RBI) has projected real GDP growth of 7.2% for FY 2024-25 after the Monetary Policy Committee (MPC) meeting held on Wednesday, along with an expected moderation in Consumer Price Index (CPI) inflation to 4.5%.RBI Governor Shaktikanta Das said that GDP growth is expected to be 7% in the second quarter,…
New Delhi, Oct 8 (PTI) Crude oil prices on Monday rose by Rs 67 to Rs 6,406 per barrel in futures trade as traders widened their bets following strong spot demand.On the Multi Commodity Exchange, crude oil for October delivery rose by Rs 67, or 1.06 percent, to Rs 6,406 per barrel in a business…
Rama Steel Tubes said it recorded sales of 50,921.67 tonnes in Q2 FY25, up 42% as compared to sales of 35,780.327 tonnes in Q2 FY24.On a sequential basis, the volume is higher by 36%. Sales volume for Q1 FY25 stood at 37,365.55 tonnes in Q1 FY25.The company has recorded sales of 88,287.22 tonnes in H1…
PSU lender UCO Bank on October 4 said its total advances rose 18.56 percent year-on-year to Rs 1.98 lakh crore in the second quarter of the current financial year. Total advances of the bank were Rs 1.93 lakh crore in April-June quarter, and Rs 1.67 lakh crore in the year-ago period. In July-September quarter, domestic advances of…
IndusInd Bank on Friday (October 4) released its business update for the quarter ended September 30, 2024. The bank reported a 13% year-on-year (YoY) growth in net advances to ₹3.57 lakh crore from ₹3.15 lakh crore in the corresponding quarter last year.On a quarter-on-quarter (QoQ) basis, net advances grew 3%, standing at ₹3.48 lakh crore…
State-run Indian Renewable Energy Development Agency (IREDA) Ltd. reported its business update for the April-September period in an exchange filing on Monday evening.For the first half of the current financial year, which ended on September 30, the loans sanctioned by IREDA increased by 303% from last year to ₹17,860 crore from ₹4,437 crore worth of…
New Delhi: Motorcycle maker Royal Enfield on Wednesday said its total wholesales grew 11 per cent year-on-year to 86,978 units in September.The company had dispatched 78,580 units in September 2023.Sales in the domestic market grew 7 per cent to 79,326 units from 74,261 units in the same period last year, Royal Enfield said in a…
Mumbai Adani Airport Holdings is raising Rs 1,950 crore through non-convertible debentures (NCDs) with the primary objective of providing inter-company loans to various airports, including Ahmedabad, Lucknow, Mangalore, Jaipur, Guwahati and Thiruvananthapuram.The NCDs with a coupon rate of 9.35% per annum will primarily cover payments made to the Airports Authority of India relating to prior…
