Mahindra & Mahindra (M&M) announced that its overall auto sales for the month of May 2024 stood at 71,682 vehicles, registering a growth of 16.71% as against 61,415 vehicles sold in May 2023.
Posts in category Business Standard
Modern Threads (I) standalone net profit declines 53.06% in the March 2024 quarter (01-06-2024)
Sales rise 4.29% to Rs 74.57 crore
La Opala RG standalone net profit declines 18.97% in the March 2024 quarter (01-06-2024)
Sales decline 24.21% to Rs 82.52 crore
CIL’s coal production rises 7.5% YoY in May’24; offtake at 68.2 MT (01-06-2024)
Coal India (CIL) has recorded 7.5% rise in coal production to 64.4 million tones (MT) in May 2024 from 59.9 million tones in May 2023.
Tata Motors records 2% growth in May sales volumes (01-06-2024)
In the domestic market, the company achieved 3% growth in commercial vehicles sales at 28,476 units and 2% growth in passenger vehicle sales at 46,697 units.
Coal India records 7.5% growth in production in May’24 (01-06-2024)
Offtake increases by 7.2%
Endurance Technologies announces acquisition of 100% stake in Ingenia, Italy (01-06-2024)
By deploying robotics and other automation processes, Ingenia assists industries to improve productivity and enhance quality through higher adherence to stringent technical specifications. This strategic acquisition will bolster the Group’s skills in industrial automation and expand its presence in the value chain through backward integration.
Escorts Kubota sells 8,612 tractors in May’24 (01-06-2024)
Domestic tractor sales in May 2024 were at 8,232 tractors as against 8,704 tractors sold in May 2023. On ground sentiments are being influenced by a variety of factors, including ongoing elections, low reservoir water levels, heatwaves, and reduced haulage activities in certain regions of the country. However, with the forecast
of a near to above-normal monsoon this year that is expected to be widespread across the nation, we anticipate an improvement in demand and industry performance post southwest monsoon.
Top 100 firms must verify market rumours within 24 hrs starting today (01-06-2024)
The top 100 listed companies by market capitalization will have to confirm or deny any market rumour reported in the mainstream media from this Saturday.
The rule will be applicable for top 250 companies from December 1.
Under the Sebi’s rule, these companies will have to ‘confirm, deny, or clarify any reported event or information in the mainstream media that is not general in nature and that indicates that rumours of an impending specific material event’ are circulating amongst the investing public within 24 hours from the reporting of the information.
Sebi through its newly introduced rumour verification framework has excluded the price volatility in arriving at average market price for the purpose of corporate actions in a bid to make it fair for all investors at large.
“The move would dissuade leaking of information that would affect the valuation in the given corporation action. This initiative of Sebi would help strengthen the rumour verification framework. It would help in