India Inc’s first-quarter earnings have been mixed so far, with better-than-expected numbers from IT companies but slightly underwhelming performance from banks. As we approach the end of the earnings season, several companies, including Airtel, ONGC, LIC, Vedanta, and Tata Power, will announce their June quarter results this week. August 5 Bharti Airtel, ONGC, Marico, Bharti …
The domestic equity market on Thursday rallied for the fourth consecutive day amid buying in heavyweight bluechips, which took Nifty past the 24,000 milestone. Sensex also touched a new record high and crossed the 79,000 level following a 400-point surge. The 30-stock S&P BSE Sensex scaled a new peak of 79,243.03 intra-day, and ended the …
Shares of two and three-wheeler auto companies were in focus during the trading session on Thursday after the auto companies announced strong sales numbers for the month of April 2024 on Wednesday, May 1. All the auto companies report their monthly sales figures on the first day of the new month. Companies like TVS Motors …
Brokerage firm UBS has upgraded Eicher Motors Ltd., the manufacturer of Royal Enfield and other commercial vehicles to “buy” from its earlier rating of “neutral.” UBS has also raised its price target on the stock to ₹5,000 from ₹4,300 earlier. The revised price target implies a potential upside of 34% from Tuesday’s closing levels for …
Adani Group: US-headquartered ratings firm Moody’s upgraded the ratings of two green energy firms and two electricity generation and distribution firms of the Adani Group following improved financials, timely debt repayments and a capital infusion by the group over the past year. On Tuesday, Moody’s upgraded the ratings of four Adani firms to stable — …
Eicher Motors Q2 results: The Royal Enfield motorcycle maker reported a 54.7% rise in its net profit to ₹1,016 crore in the September quarter of financial year 2023-24. Its larger-than-expected rise in second-quarter profit was led by strong sales amid burgeoning demand for premium motorcycles. The automaker had reported a net profit after tax of …
Mumbai: In a first for a motorcycle maker in India, Royal Enfield has launched an assured buyback program for its motorcycles with OTO Capital. The program aims at ensuring a smooth and seamless ownership experience for customers, Royal Enfield said in a statement. OTO Capital is a Mumbai-based finance start-up that offers loans to two-wheeler …
India is well-poised to grow manifold in the next decade and play a greater role in manufacturing operations for the Volvo Group globally, said a top executive at the Swedish maker of commercial vehicles, engines, and construction equipment. Sofia Frandberg, on her first visit to India after taking charge as the chairperson of VE Commercial …