BUSINESS
Indian auto component industry logs Rs 5.60 lakh crore business in FY23: ACMA
"With significant mitigation in the supply-side issues of availability of semiconductors, input raw-material costs and logistics, the vehicle industry is expected to continue to perform well in FY24, which augurs well for the auto components sector. That apart, exports and growth in the domestic aftermarket continue to be robust," Kapur said.
SEBI to consider provisions for unexplained suspicious trading patterns
SEBI, while dealing with the matters related to contravention of the provisions of the securities laws, particularly relating to manipulative and unfair trade practices, insider trading, front running, pump and dump activity, etc., faces challenges in finding direct evidences in respect of communication of non-public price sensitive information.
Reliance accelerates progress on its Net Zero journey; achieves net reduction in air emissions despite growing energy consumption
The company has a continuous Emission Monitoring System (CEMS) that enables adherence to local standards for SOx, NOx, and TPM emissions.
FII selling streak caps Nifty upside
Majority of the sectors ended in green with buying seen in IT & Pharma. Markets are likely to trade in a range ahead of RBI policy this week, he said. FIIs continued their selling streak for the last few days, thus keeping the upside limited, he added.
MPC meet: A hawkish undertone, a dovish outcome; investors need not get disappointed
Investors should focus on sectors that offer growth and earnings prospects with several companies having to declare their first quarter results for this fiscal, they added.
Domestic investors holding declined in June quarter
According to Pranav Haldea, Managing Director, Prime Database Group, this was on account of profit booking by LIC, mutual funds as also retail and HNI investors with markets reaching all-time highs. Net inflows from DIIs stood at just Rs 3,368 crore during the quarter.
Railway stocks gain after redevelopment plan for 508 stations
On Sunday, Prime Minister Narendra Modi had laid the foundation for the redevelopment of 508 railway stations across the country.
India Cements logs Q1 loss of Rs 75 crore, to modernise and monetise assets
Speaking to reporters, Vice Chairman and Managing Director N.Srinivasan noted that the company requires about Rs 400 crore (Rs 250 crore for capital expenditure and Rs 150 crore for working capital) and about Rs100 crore will be raised in two weeks towards working capital.
Price of tomatoes, chilli heated up veg and non-veg thalis by 34%, 13% in July
According to the report, in July, the cost of cooking a vegetarian thali at home stood at Rs 33.7 (June rate Rs 26.3) whereas the cost of non-vegetarian home meal was at Rs 66.8 (June rate Rs 60). According to CRISIL, a vegetarian thali comprises roti, vegetables (onion, tomato, and potato), rice, dal, curd, and salad. For a non-vegetarian thali, chicken has been considered instead of dal.
SEBI to tighten disclosure norms for conglomerates
In the ensuing year, SEBI plans to review the pricing mechanism in case of delisting. In particular, review of the reverse book building process and exploring other alternatives to determine exit price in case of voluntary delisting would be undertaken.
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