The company’s overseas operations posted an EBITDA loss of Rs 62 crore in December quarter due to ramp up related issues of the new Al forgings capacities in Germany and the US
Posts in category Business Standard
Torrent Power soars 9% post Q3 results; announces special dividend (15-02-2023)
In Q3FY23, Torrent Power’s consolidated net profit grew 88 per cent year-on-year at Rs 695 crore on account of higher income.
Gold price falls in early trade; yellow metal selling at Rs 57,160 (15-02-2023)
Silver prices, on the other hand, rose Rs 400 from yesterday’s close to Rs 70,400 per kg
MARKET LIVE: SGX Nifty signals subdued start amid sour global mood (15-02-2023)
Stock market live updates: As of 8:05 am, the SGX Nifty stood at 17,869 levels, down over 50-odd points
Nifty charts suggest upward bias likely in the near-term, says Vinay Rajani (15-02-2023)
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Poonawala Fincorp and ICICI Bank
Here’s why Ravi Nathani is bearish on Nifty Auto index in the near-term (15-02-2023)
According to technical analyst, since the MACD has turned negative, and Parabolic Stop and Reversal has turned bearish, it is advised for traders to adopt sell-on-rise strategy for Nifty Auto index
Stocks to watch: Eicher Motors, Voda Idea, Siemens, Bharat Forge, ONGC (15-02-2023)
Stocks to watch today: While Eicher Motors posted 62.4 per cent year-on-year (YoY) jump in the December quarter (Q3FY23) profit, Vodafone Idea’s net loss widened 10.5 per cent YoY to Rs 7,990 crore
Sensex surges 600 points to scale 61,000-mark; ITC and RIL sparkle (14-02-2023)
The BSE benchmark Sensex surged 600 points on Tuesday, propelled by market heavyweight RIL, ITC, banking and IT shares amid positive global cues.
Sliding crude oil prices in the international markets and buying by foreign investors also bolstered sentiment, traders said.
The 30-share BSE Sensex ended 600.42 points or 0.99 per cent higher at 61,032.26. During the session, the index witnessed a high of 61,102.74 and a low of 60,550.25.
The broader NSE Nifty surged 158.95 points or 0.89 per cent to finish at 17,929.85.
ITC topped the Sensex gainers’ chart with a jump of 3.31 per cent, followed by Reliance Industries, Bajaj Finance, ICICI Bank, Infosys, Axis Bank and Wipro.
On the other hand, NTPC, UltraTech Cement, L&T, Sun Pharma, Asian Paints and Maruti were among the major laggards, shedding as much as 1.10 per cent.
“Domestic indices edged higher, inspired by their global counterparts, as investors await the US inflation numbers today. The whammy over India’s retail inflation ..
Budget slow on fiscal consolidation, ambitious on revenue target: S&P (14-02-2023)
According to the monthly Asia-Pacific Credit Focus, the govt will also look to cap subsidy expenditure in the upcoming year, against a surprise rise in FY23 owing to surging fertilizer and food prices
Foodgrain output seen at record 323.55 mn tonnes in 2022-23 crop year (14-02-2023)
India’s foodgrain production is estimated at an all-time high of 323.55 million tonnes in the current crop year ending June, driven by the projection of a record output of rice, wheat and pulses.
Agriculture minister Narendra Singh Tomar attributed the record foodgrain output to hard work by farmers and agri scientists, besides the government policies.
In its second advance estimates of production of foodgrains released on Tuesday, the Union agriculture ministry said that wheat production is estimated at record 112.18 million tonnes in the 2022-23 crop year (July-June), up 4.44 million tonnes from the previous year.
The previous high in production of wheat, a major rabi crop, was achieved in the 2020-21 crop year at 109.59 million tonnes. The output had fallen to 107.74 million tonnes in the previous year due to heat waves in some producing states.
Rice production is estimated at 130.83 million tonnes in 2022-23 crop year, up 1.36 million tonnes from the previous year, an official