Mahindra and Mahindra (M and M) reported very strong results for the January-March quarter of the last financial year (Q4FY24), beating consensus comfortably. The margins of the automobile business improved 170 basis points (bps) year-on-year (Y-o-Y) to 8.8 per cent, while FES (Farm Equipment Sector) margins improved to 15.8 per cent (up 60 bps Y-o-Y), despite a decline in volumes due to cost optimisation and lower raw material costs.
Posts tagged Rediff
SEBI Cracks Down On Stock Fantasy Games (25-05-2024)
‘MIIs or market intermediaries shall enter into an appropriate agreement with entities with whom they intend to share real-time price data.’
SEBI Cracks Down On Stock Fantasy Games (25-05-2024)
‘MIIs or market intermediaries shall enter into an appropriate agreement with entities with whom they intend to share real-time price data.’
Forex kitty reaches new high of $648.7 bn (24-05-2024)
India’s forex reserves jumped $4.54 billion to a new all-time high of $648.7 billion for the week ended May 17, the Reserve Bank said on Friday. This is the third consecutive week of increase in the overall kitty, which had increased by $2.56 billion to $644.15 billion in the previous reporting week ended May 17.
Forex kitty reaches new high of $648.7 bn (24-05-2024)
India’s forex reserves jumped $4.54 billion to a new all-time high of $648.7 billion for the week ended May 17, the Reserve Bank said on Friday. This is the third consecutive week of increase in the overall kitty, which had increased by $2.56 billion to $644.15 billion in the previous reporting week ended May 17.
Adani Ports to enter Sensex; Wipro to move out (24-05-2024)
Gautam Adani-owned Adani Ports and Special Economic Zone (APSEZ) will replace IT major Wipro in the 30-share BSE Sensex from June 24, according to an official announcement on Friday. This marks the first inclusion of any Adani Group firm in Sensex. The group has 10 listed firms with a combined market valuation surpassing Rs 17 lakh crore.
How Google looks to firm up India bet (24-05-2024)
Following in Apple’s footsteps, Alphabet – Google’s parent company – is in advanced talks with Foxconn to manufacture Pixel smartphones in Tamil Nadu, an industrial state which will also double up as drone-manufacturing hub for the US tech giant soon. According to a state government release, officials from Google will soon visit Chennai to meet Tamil Nadu Chief Minister MK Stalin to hold discussion on manufacturing of Google Pixel near Chennai.
‘Liquidity will improve in system after elections’ (24-05-2024)
‘We may see little softness in liquidity position after the stabilisation of the government.’
Ina first, JLR to produce Range Rover in India (24-05-2024)
Tata Motors owned Jaguar Land Rover will start producing its Range Rover and Range Rover Sport in India, marking a first for the iconic models in their 54-year long history, to be rolled out from a country outside of the UK. Till now the two models were only produced in Jaguar Land Rover’s Solihull plant in the UK and then exported to around 121 markets globally, including India.
‘No need to panic on draft infra guidelines’ (24-05-2024)
‘It’s a debatable topic, and we will submit our comments to the RBI by June 15.’