BUSINESS
Engineering exports jump 70% in March
India's total merchandise exports during this period were $34 billion as compared to $21.49 billion in March 2020 registering a jump of 58.23 per cent. The monthly growth is the best-ever performance so far. The sudden jump in outbound shipments offers hope of sustained growth in the sector in the coming months on the back of vaccine roll-out and containment of virus spread.
Healthy recovery: Large hospital players gaining market share, says HDFC Securities
Accordingly, the report cited secular growth, asset-light models, India's huge demand-supply gap, rising health insurance penetration, high out-of-pocket spending, increase in medical tourism as compelling growth prospects for the industry.
Despite economic slowdown triggered by Covid-19 lockdown, foreign investors make $15 billion through Indian investment
Compared to the statistics of Q3’2020 when the investment income of foreign investors was $12.2 billion, a 30 per cent rise was witnessed, according to the latest balance of payments data released by the Reserve Bank of India. This 30 per cent higher return from the investments of foreign investors in India is significant as it went through a turbulent time after the Covid-19 slump in the economy due to the nation-wide lockdown.
Shapoorji Pallonji Group promoters set to raise Rs 5,000 crore to meet liquidity concerns: Report
The official announcement is expected to be made within the next 7-10 days as the term sheet for the deal has already been signed, The Economic Times reported. After the approval of lenders and the Kamath Committee on Tuesday, the financing round is said to be independent of the One-Time Restructuring (OTR) proposal of the real estate, construction and engineering conglomerate.
Content is King: YouTuber Rachana Ranade raking in the moolah by simplifying stock market jargons
There is no doubt that such a feat can only be achieved only through a blend of resilience and smartness. Ranade chose to spread knowledge about the subject she knew better, the stock market. Still, an untapped zone, the simplification of jargons made Ranade’s YouTube channel stand out from the pile.
Pawan Goenka, Father of Scorpio, hangs up his boots after serving Mahindra Group for 27 years
Goenka worked with Mahindra & Mahindra (M&M) for 27 years. During this time, he had to lead the company's Automotive Business since September 2005. Dr Anish Shah will replace the outgoing Pawan Goenka on the same day. Anish Shah is currently the Deputy Managing Director and Group Chief Financial Officer at Mahindra & Mahindra.
Investors should add to cyclical stocks on weakness: Greed & Fear
In his research note titled 'Greed and Fear', Wood said, "Most notable to Greed & Fear was a 72 per cent and 38 per cent year-on-year increase in property sale registrations in Mumbai and Delhi last month, and 243 per cent and 70 per cent year-on-year so far in March due to the low base. Investors should look to add to cyclical stocks on weakness."
Restocking, base effect boost two-wheeler sales in March
Besides, preference for personal mobility due to the pandemic as well as healthy rural consumption led OEMs to post healthy sequential growth numbers in March. Two-wheeler major Hero MotoCorp sold 576,957 units of motorcycles and scooters in March 2021, registering a growth of 72 per cent over 334,647 units sold in the corresponding month in the previous year.
Tesla says it produced 180,338 vehicles in Q1 2021
"We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity," Tesla said in a statement. "The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production," it added.
'Nothing disparaging': German skincare brand Sebamed wins first round of ad war against HUL
USV Private Limited, which has the exclusive licence for marketing Sebamed's baby and adult care range of products in India, had dragged HUL's famous brands LUX, Dove, Pears and Rin into an acrimonious ad war. The USV Pvt Ltd. had erected a billboard right in front of the HUL head office in Mumbai in January of 2021.
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