The govt said that Greaves Electric Mobility failed to adhere to Phased Manufacturing Programme guidelines, hence it will need to return the subsidy of about Rs 124 cr claimed under the FAME-II scheme
Posts in category Business Standard
Temasek cuts pay of staff after failed investment in crypto exchange (29-05-2023)
The sovereign wealth fund also said it was “disappointed with the outcome of our investment, and the negative impact on our reputation”
Crypto exchange Binance launches new compliant platform for users in Japan (29-05-2023)
Leading blockchain and cryptocurrency platform Binance has announced the launch of a new platform for customers in Japan to comply with local regulations.
IndusInd Bank regains Rs 1-trn market cap after 3 yrs; brokerages bullish (29-05-2023)
At 11:23 am; the stock was up 1.8 per cent at Rs 1,291.50, with a market capitalisation of Rs 1.002 trillion, the BSE data shows.
Bectors Food surges 17% in two days on record turnover, profit in Q4 (29-05-2023)
Thus far in the calendar year 2023, the stock has zoomed 84 per cent, as compared to nearly 3 per cent rise in the S&P BSE Sensex.
Rupee rises 6 paise to 82.54 against US dollar in early trade on Monday (29-05-2023)
The rupee gained 6 paise to 82.54 against the US dollar in early trade on Monday, tracking positive trends in domestic and global markets as well as inflows of foreign funds.
The dollar index is trading almost flat at 104 level with forex traders awaiting an agreement on the US debt ceiling between US President Joe Biden and Republican House Speaker Kevin McCarthy.
At the interbank foreign exchange, the domestic unit opened stronger at 82.57 against the dollar and hit the highest level of 82.51. Later, it slipped to 82.54, registering a gain of 6 paise over its previous close.
On Friday, the rupee closed at 82.60 against the US currency.
Anand James, Chief Market Strategist at Geojit Financial Services, said in his rupee outlook that the Indian currency is likely to reach the level of 82.25 against the US currency.
“Inability to float above 82.70 has elevated the risk of revisit of 82.45. Breach of the same may expose 82.2. Until this holds, we may pull back into the sideways tren
Mahindra & Mahindra rallies 5% on steady March quarter earnings (29-05-2023)
Record annual profit was driven by successful mega launches in automotive, steady growth at farm equipment, strong operating performance at financial services and value unlock through monetisation.
ICICI Lombard soars 14% as ICICI Bank plans to buy additional 4% stake (29-05-2023)
ICICI Bank would acquire at least 2.5 per cent stake out of the above 4 per cent before September 9, 2024.
Stocks to watch: Sun Pharma, ONGC, Tata Motors, Adani Wilmar, BBQ Nation (29-05-2023)
Stocks to watch today: From Sun Pharma to Tata Motors, here are top stocks to watch in Monday’s trading session
Gold, silver prices remain unchanged, yellow metal trades at Rs 60,600 (29-05-2023)
The price of ten grams of 22-carat gold was trading at Rs 55,550