Motherson Sumi Systems primarily focuses on manufacturing and selling components to automotive original equipment manufacturers (OEMs). The company has recently unveiled a series of acquisitions aimed at strengthening its non-automotive sectors, particularly in the aerospace, health, and medical businesses. The company, through its subsidiary, is set to acquire a 100% stake in the French company, …
Today, the broader indices, including Nifty50 and BSE Sensex, closed the session in the red. The Nifty50 index opened the day at 19,522, which was 21 down compared to Friday’s closing level of 19,543. It eventually concluded the day at 19,282, down by 261 points or 1.34%. Meanwhile, the BSE Sensex closed at 64,572, marking …
Auto Industry Indian Auto Industry sold 2.60 Crore vehicles in FY 2022-23, which was 2.32 Crore in FY2021-22. Domestic Sales Total domestic vehicle sales increased from 1.76 Crore to 2.12 Crore vehicles in FY 2022-23 showing a growth of 20%. Within this, total Passenger Vehicle Sales increased from 30,69,523 to 38,90,114 units and the overall …
In a notable downturn, Indian headline indices suffered substantial declines, with the telecommunications, utilities, metals, and real estate sectors taking the brunt of the damage. The broader market indices experienced a substantial sell-off, with the BSE Smallcap index plummeting by almost 3%. With 729 shares rising on the BSE and 3,051 shares declining, the advance-decline …
Derivatives are like a speedometer for how something is changing. Imagine you’re driving a car, and you want to know how fast you’re speeding up or slowing down. The speedometer tells you that. In the same way, a derivative tells you how something is changing at a particular moment, whether it’s how fast a car …
The Sensex and Nifty are both on a downward trajectory, marking a plunge of 0.42% and 0.55%, respectively. In parallel, the Nifty Midcap and Nifty Smallcap segments are also exhibiting lower momentum, with a plunge of 1.46% and 2.34%, respectively. Examining the constituents of the Nifty 50 index, notable gainers include ICICI Bank, Apollo Hospital …
The benchmark index S&P BSE 500 opened today at 27,278.60 and made its day high at 27,285.63 and it is trading in red today, down by around 0.80%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than …
Today shares of CreditAccess Grameen Ltd skyrocketed by up to 12% and hit a 52-week high today amid strong financial results for the second quarter of FY24 and business outlook. On a consolidated basis, In Q2FY24 company recorded a staggering financial performance with a 98.14% year-on-year increase in net profit reaching Rs 347.04 crore compared …
In an exciting development that promises to push India’s technological prowess to new heights, Shri S. Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY), inaugurated the Centre for Programmable Photonic Integrated Circuit and Systems (CPPICS) in Chennai today. This groundbreaking inauguration took place at the prestigious Indian Institute of Technology Madras (IIT …
In 2014, India took a giant leap toward transforming its coal industry. The cancellation of 204 coal mines marked a turning point in the nation’s quest for transparent, efficient, and self-sustained coal production. Through a visionary policy shift in 2020, India embarked on a journey to not only bolster its domestic coal production but also …
