The growth in production of eight key infrastructure sectors slowed down to a 20-month low of 4 per cent in June this year due to a decline in the output of crude oil and refinery products, according to official data released on Wednesday. The core sectors’ production grew by 6.4 per cent in May 2024. The growth of core sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — was 8.4 per cent in June 2023.
Posts tagged Rediff
Metal, power, auto shares help Sensex gain 286 points (31-07-2024)
Among the Sensex stocks, JSW Steel, Asian Paints, Maruti Suzuki India, NTPC, Adani Ports and Special Economic Zone, Bharti Airtel, ITC and Tech Mahindra were the major gainers. Reliance Industries, Tata Motors, Infosys, Mahindra and Mahindra, Bajaj Finance and Axis Bank were the laggards.
Maruti Suzuki profit jumps 47% in Q1 (31-07-2024)
Maruti Suzuki India on Wednesday reported a 47 per cent jump in its net profit to Rs 3,650 crore for the April-June quarter on account of cost reduction efforts, favourable commodity prices and foreign exchange gains. The auto major had posted a net profit of Rs 2,485 crore in the April-June quarter of last fiscal.
Qualcomm’s India-made chip will compete with MediaTek (31-07-2024)
Qualcomm launched its new affordable, India-designed chipset, the Snapdragon 4s Gen 2, on Tuesday. This chipset will enable mobile device makers to sell 5G smartphones operating on a standalone (SA) network for Rs 8,300 or less.
Why did IndiGo share price fall 5% post Q1 results? (31-07-2024)
IndiGo share price today: IndiGo share price fell as much as 4.8 per cent to a low of Rs 4,275 per share on the BSE in Monday’s intraday trade as investors booked profit in the stock post a its April-June quarter (Q1) results for financial year 2024-25 (FY25). The stock ended 1.36 per cent lower at Rs 4,430 as against a 23-points gain in the benchmark BSE Sensex. The selling also got exacerbated as the management commentary, post Q1FY25 results, highlighted that inflationary pressure could likely dent July-September (Q2FY25) performance.
Sebi plans to widen net to curb insider trading (31-07-2024)
The Securities and Exchange Board of India (Sebi) on Monday proposed expanding the scope of regulations prohibiting insider trading to a wider group of people, including those connected to the officials in access to price-sensitive information. The market regulator has suggested changes in the definition of “connected persons” and “relative” to address any gaps in the norms and possible violations.
Nirmalaji Ko Gussa Kyon Aata Hai? (31-07-2024)
‘The conspiracy is to end India’s entrepreneurship culture even before it fully blooms.’ ‘Negativity is being spread in society towards all those who do business, and this hatred for business and wealth creators is spilling everywhere.’
MAF’s Steal A March Over BAF’s (31-07-2024)
Multi-asset allocation funds emerged as the most popular option for MFs as they provided the needed flexibility.
Will Curvv Be An SUV Trend Setter? (31-07-2024)
‘We will have multiple engine options — electric vehicle and internal combustion engine in diesel and petrol.’
WazirX Seeks FBI Help To Recover $230M (31-07-2024)
WazirX lost about 45 per cent of its crypto assets to the security breach. People privy to the discussions say North Korea has been mentioned.