The Indian market snapped a two-day losing streak to close with moderate gains in a highly volatile session on June 2. At close, the Sensex was up 118.57 points or 0.19 percent at 62,547.11, and the Nifty was up 46.30 points or 0.25 percent at 18,534.10. For the week, the benchmarks ended flat with Sensex adding 45.42 points and Nifty rising 34.75 points. Here are some of the market experts who helped decode the sentiment and shared some insights on the investing landscape.
Hitesh Kumar Meena, Additional Deputy Commissioner (ADC) Gurugram, said tower G was “unsafe for habitation” while tower A was at the moment found safe to live.
The company had sold 3,52,893 units in May 2022, Honda Motorcycle and Scooter India (HMSI) said in a statement.
The opportunity costs of not taking risks, in my experience, are exponentially higher than the cost of risks. The losses in such cases are both immediate and long-term. They take the organisation behind the curve by losing out on the early-bird advantages
iCubesWire, founded in 2010, operates out of Mumbai, Bangalore, Jakarta, Dubai. The ad tech platform is connected to over a billion devices and has AI and ML-led recommendations and personalisation for the brands.
The resolution professional of the company has provisionally admitted claims of Rs 2,117.03 crore and claims worth Rs 38.5 crore are "under verification", said the latest data shared by Future Lifestyle Fashions Ltd (FLFL) on the exchanges.
As part of the commitment from ICICI Foundation, three new facilities will be built in Navi Mumbai's Kharghar on the outskirts of the financial capital, Mullanpur in Punjab and Visakhapatnam in Andhra Pradesh.
Under the contract, the gas producer will provide 250 metric tonne of oxygen per day, along with nitrogen and argon, to cater to the increased requirements of TML's blast furnaces.
The company has achieved the 500 million download milestone in six years, data.ai, formerly known as App Annie, said in a statement.
The airline plans to resume scheduled services on the Pune, Bagdogra, and Goa routes. It has also offered to deploy two aircraft to start Delhi-Srinagar and Delhi-Leh chartered flights immediately
Prashant Kumar, who has been with KKR in Mumbai since 2018, will move to Singapore and start his new role in July, one of the sources said.
The rating agency affirmed its 'BBB+' rating - equivalent to the sovereign rating assigned to India - to Reliance (RIL) with a stable outlook, reflecting the view that RIL's cash flows will help it preserve its financial profile, despite elevated investments over the next 24 months.
The company had posted a total sales of 51,263 units in May 2022, HMIL said in a statement.
The talks were called off after the creditors moved court, and accused the firm of hiding $500 million of funds raised, the people said, asking not to be named as the information is not public. Lenders can now sell the term loan B securities of the firm as the restraint that came as part of the negotiations is lifted, they said.
The country's largest carmaker has been facing a shortage of chips for a while which has impacted its supplies to cater to the market demand.
The automaker had dispatched 10,216 units in the same month last year.
The development comes three months after the company received good manufacturing practices (GMP) certification from the Saudi Food and Drug Authority (SFDA) for all its production facilities at its unit in Baddi, Himachal Pradesh.
The company had sold a total of 2,75,868 units in May 2022, Bajaj Auto said in a statement.
MG Motor India in a statement said it remains optimistic about growth and meeting the rising customer demand through various ongoing and planned production and operational initiatives.
JLR, which is owned by India's Tata Motors, on Wednesday said the battery energy control module software will be updated and battery modules will be replaced as necessary in certain 2019-2024 model year vehicles.
A deal finalizing the joint production of the engines is expected to be inked and announced by the time President Joe Biden hosts Indian Prime Minister Narendra Modi for an official state visit on June 22, the people said on condition of anonymity because the decision has not been made public.
China has monopolized the global supply chain for lithium, a key component in batteries used to power mobile phones and EVs. As Australia tries to break this dominance, here are answers to some questions about lithium and its use in batteries.
This is being done to prevent companies from manipulating minimum public shareholding rules and to prevent overseas entities from indirectly controlling Indian companies through a web of shell firms.
The first window for more expensive 28-nanometer fabrication plants was kept open for 45 days only in January 2022 and received three applications that were evaluated by India Semiconductor Mission and its Advisory group.
Conceptually, angel tax seems somewhat flawed because it does not account for business exigencies and new financing techniques, especially in the venture capital and private equity space