The company said that the benefits of these new production lines at Sinnar will however be availed from 2023-24 onwards
Posts in category Business Standard
KSB surges 9% to trade near new high on strong order book position (10-03-2023)
The management believes that the demand for capital products will further grow, owing to increased capital investment in infrastructure in this budget.
Tata Tech IPO: After 2 decades a Tata group firm will test public markets (10-03-2023)
Engineering services company files DRHP; seeks to raise Rs 4,000 cr
Investors’ wealth tumbles Rs 2.67 trn amid sell-off from weak global trends (10-03-2023)
Stock investors’ wealth eroded by more than Rs 2.67 lakh crore in early trade on Friday as the markets witnessed a sell-off amid weak global trends.
The market capitalisation of BSE-listed companies, which is also an indicator of the wealth of investors, tumbled more than Rs 2,67,539.54 crore to Rs 2,61,63,222.07 crore due to a largely negative market.
Of the 3,206 stocks traded, 1,966 stocks declined and 1,109 advanced while 131 remained unchanged. On Thursday, the market valuation stood at Rs 2,64,30,761.61 crore.
In just an hour of trading on Friday, the key indices Sensex and Nifty were deep in the red, reflecting weak investor sentiments.
The 30-share BSE barometer was trading 718.8 points or 1.20 per cent lower at 59,087.48 at 1015 hours.
As many as 28 of its constituents were trading in the red. Tata Motors and Maruti bucked the trend and gained 0.73 per cent and 0.16 per cent respectively.
Heavy selling in financials, banking, IT and capital goods shares triggered by weak
Troubled Silicon Valley startup bank spooks share markets, bonds rally (10-03-2023)
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.3% to a two-month low, with banks and Hong Kong tech stocks leading losses, while London and European futures each slid more than 1%
Titagarh Wagons hits new high; zooms 65% in 6 months on healthy outlook (10-03-2023)
On March 1, the consortium of Titagarh Wagons and Bharat Electricals (TWL-BHEL Consortium) emerges as the 2nd Lowest Bidder (L2) for manufacturing cum maintenance of Vande Bharat Trainsets.
Tata Motors up 1% in weak market as Tata Technologies files DRHP with Sebi (10-03-2023)
This possible IPO along with the receipt of consideration of EV deal with TPG will support FCF generation from the India business to attain near debt zero in the India business, MOFSL said.
Equitas SFB slips 13% as new shares list post merger with Equitas Holdings (10-03-2023)
Total 789.53 million shares have been listed pursuant to the scheme of amalgamation of Equitas Holdings with Equitas Small Finance Bank
Gold, silver prices remain unchanged, yellow metal selling at Rs 55,530 (10-03-2023)
The price of ten grams of 24 carat gold in Delhi, Bengaluru, and Chennai is Rs 55,680, Rs 55,580, and Rs 56,250, respectively
Nandish Shah recommends Bear Spread on Dabur for the March expiry (10-03-2023)
The derivative analyst from HDFC Securities recommends to Buy Dabur 530 Put option and simultaneously Sell 525 Put of the March series.