Shares of Larsen & Toubro (also known as L&T) had a weak opening on October 25. It fell 2 per cent to Rs 3,378 after UBS downgraded the stock to ‘neutral’ and cut its target price in view of several challenges in the upcoming quarters.The brokerage has highlighted an upside potential of 16 per cent…
Dearness Allowance hike in salary for Assam state government employees ahead of Diwali celebration. The announcement was done by Assam Chief Minister Himanta Biswa Sarma during a live streaming on Facebook. However, the announcement said, “Lighting up your Diwali Celebration. To make Diwali special for our State Govt employees, we will credit their salaries from…
New Delhi, Oct 24 (PTI) Crude oil prices on Thursday rose by Rs 68 to Rs 6,044 per barrel in futures trade as participants widened their bets following strong spot demand.On the Multi Commodity Exchange, crude oil for November delivery expansion by Rs 68, or 1.14 per cent, to Rs 6,044 per barrel in a…
Tata Motors, India’s largest commercial vehicle manufacturer, has launched the ‘Customer Care Mahotsav 2024,’ a heartfelt initiative aimed at enhancing the after-sales experience for commercial vehicle owners. Running from October 23 to December 24, this unique program will be hosted at over 2,500 authorized service outlets nationwide, offering personalized vehicle check-ups, comprehensive driver training, and…
Shares of public sector company NMDC or National Mineral Development Corporation witnessed a surge on October 23 after the company announced a hike in the price of its lump ore and fines, which was the second price hike by the company in October.NMDC has raised the price of lump ore by Rs 600 to Rs…
The price of onion in retail markets is currently between Rs 60-80 per kg and is expected to remain high till Diwali. The surge in onion prices is mainly due to heavy rains in major onion producing states like Maharashtra, Karnataka, Telangana and Andhra Pradesh, which have damaged crops and disrupted supplies.As a result, prices…
Shares of Ola Electric Mobility made a strong debut on the stock market and rose 4 per cent to Rs 85.3 on October 22. This after the company announced that it has resolved about 99.1 percent of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA).In a document filed with the stock exchange,…
France-based car parts supplier Forvia said on Monday it had struck new deals with BYD and Xiaomi, sending its shares up 10%, Reuters reported.Forvia hopes its new contracts with Chinese manufacturers will help it meet waning auto demand from domestic manufacturers, Newswire reported. It has also struck deals with Chinese auto makers Li Auto and…
Kotak Mahindra Bank is scheduled to announce its second quarter results on Saturday (October 19). Analysts expect key financial parameters to grow compared to last year.They expect the bank’s net interest income (NII) to reach ₹6,996.9 crore, representing a growth of 11.1% from ₹6,296.6 crore.Profit after tax (PAT) is estimated at ₹3,513 crore, showing a…
On Thursday (October 17), Tata Chemicals Ltd announced a 46.1% year-on-year (YoY) decline in net profit to ₹267 crore for the second quarter ended September 30, 2024.According to regulatory filings, Tata Chemicals reported a net profit of ₹495 crore in the previous fiscal quarter. The company’s revenue from operations remained stable at ₹3,999 crore compared…
