On March 12, 2024, tyre stocks such as Apollo Tyres Ltd, MRF Ltd, and JK Tyres Ltd will be in focus as the Government of India extended countervailing duty (CVD) on new, unused pneumatic radial tyres originating in China. This applies to tyres with a rim diameter exceeding 16 inches used on buses and trucks. …
The Indian telecom landscape is gearing up for another round of 5G spectrum auctions scheduled on May 20, 2024, and industry experts anticipate Bharti Airtel will be the biggest spender with purchases worth $0.5-1.5 billion, with limited participation by Vodafone Idea, which has spectrum renewals in just two circles, and Reliance Jio, which may look …
On Tuesday, the benchmark indices were trading in the green with the Sensex down around 400 points or 0.50% at 73,873, while the Nifty-50 was up around 73 points or 0.37% at 22,417. About 887 shares have advanced; 2,275 declined; and 86 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
On Monday, March 11, 2024, CK Birla Group firm HIL Ltd informed that it had acquired a well-known pipes and fittings brand, Topline. Details of the Acquisition HIL Ltd, which is involved in manufacturing and selling fibre cement roofing, has signed an agreement with Crestia Polytech to acquire Topline at an enterprise value of ₹265 …
Under the administrative direction of the Ministry of Coal (MoC), coal PSUs have led the way in investing capital expenditures (CAPEX) to support and contribute to the transformation of the Indian economy. Coal CPSE has been exceeding the CAPEX target for the last few years. Coal PSUs had met their goal in FY 2021–22 with …
On Monday, the market started strong but couldn’t maintain its record high, ending the day on a low note. The Sensex, a key stock market index, closed down by 0.83% at 73,502.64, while the Nifty, another important index, also fell by 0.72% to 22,332.65 Some stocks like Apollo Hospitals, Nestle India, and SBI Life saw …
The world is witnessing a significant shift towards renewable energy sources. This transition is being driven by a number of factors, including climate change concerns, the rising cost of fossil fuels, and technological advancements that are making renewable energy more affordable and efficient. As a result, the renewable energy sector is experiencing rapid growth. This …
On Monday, March 11, 2024, Maharashtra Chief Minister Eknath Shinde inaugurated the first phase of the coastal road between Worli and Marine Drive in south Mumbai. The coastal road, which is a 10.5-kilometre-long stretch, will be opened for traffic from Tuesday. Motorists can enter the coastal road from Worli Seaface, Haji Ali interchange and Amarson’s …
RMC Gears Up for AMISP Surge RMC Switchgears Ltd., a Jaipur-based company, has announced a significant expansion of its manufacturing capacity for Smart Metering Enclosures (SMCs). This move is strategically timed to address the anticipated rise in demand for these enclosures driven by AMISP projects across the country. The company estimates this expansion will increase …
Addressing Rising Costs and Environmental Concerns Rudra Global Infrastructure Ltd, a leading manufacturer of steel bars and billets, faces a significant challenge in managing energy costs, which constitute a substantial portion of its manufacturing expenses. With the aftermath of the COVID-19 pandemic amplifying these concerns, the company’s board is proactively seeking alternative approaches to mitigate …
