Sector: All Sectors
Nesco wins bid for a new business line
The Company has been adjudged as the highest bidder for Developing, Operating and Maintaining of Wayside Amenities in South Zone on Bengaluru Chennai Expressway Corridor (Phase II) Section on lease basis. The contract is awarded by National Highways Logistics Management Limited – a 100% owned SPV of National NHAI, Under Ministry of Road Transport and … Read more
1:5 Stock split of Shriram Finance
Decision to split the shares was taken on December 23, 2024. Previous Rs 10 share will now be split into 5 shares of Rs 2 each The split will be effective from January 10, 2025 Stock splits as such don’t add any fundamental value to the business or it’s prospects. The greater number of shares … Read more
India revises gold and silver import figures: Trade deficit narrowed
The government revised gold and silver imports for April-November FY25, with the steepest downward revision of $5 billion in the former. Data for November gold imports was revised to $9.84 billion, from the $14.86 billion announced last month, narrowing the trade deficit for the month to $32.8 billion, from the record $37.8 billion estimated earlier. … Read more
Trump Musk relationship: Elon Musk-Donald Trump bromance doomed? US President-elect privately complains about ‘clingy’ DOGE head
US President-elect Donald Trump is reportedly growing weary of Elon Musk’s frequent appearances at Mar-a-Lago, despite publicly lauding him as a key donor and supporter. The unlikely bromance between Donald Trump and Elon Musk may not yet be over, but its contours are certainly beginning to fray, according to a report. Publicly, Donald Trump is … Read more
EV sales zoom 20% to nearly 1L units in 2024 on price cuts
Price cuts towards end of 2024 saw sales of electric cars rise 20%, with the industry’s volumes finishing a shade lower than one lakh units against 82,688 units in the previous year. The growth comes despite doubts about a mass adoption for EVs as customers complain over a poor public charging infrastructure, longevity of battery, … Read more
Donald Trump to impose 60% tariffs on Chinese products? Xi Jinping could retaliate by doing this and it could prove costly for the West
China is preparing to impose some new export restrictions on specific critical technologies used in the production of electric vehicle (EV) batteries while including those for processing lithium and gallium. This recent move comes as tensions rise with the incoming US President- elect Donald Trump administration which has indicated a severe willingness to impose several … Read more
Kotak’s CTO steps down
Milind Nagnur, Chief Technology & Operations Officer at Kotak Mahindra Bank (KMB) has resigned. He is not an old timer and had joined the bank only couple of years bank in August 2022. Reason for resignation is cited as personal reasons (to move back to US to care for the family members). Resignation is effective … Read more
Working group formed to revise WPI base year to 2022-23 from 2011-12
The government has set up a working group under NITI Aayog member Ramesh Chand for revising the base year of the current series of Wholesale Price Index (WPI) to 2022-23 from 2011-12 currently. The group will suggest the commodity basket of WPI and Producer Price Index (PPI) with base year 2022-23 considering structural changes in … Read more