Eicher Motors Q1 Results: ET Now had an estimated PAT of around Rs 1,031 crore. The two-wheeler manufacturer reported total revenue from operations of Rs 4,393 crore for the quarter, marking a 10% increase from Rs 3,986.37 crore in the same quarter of the previous financial year. This revenue figure also exceeded Street estimates, which were Rs 4,268 crore.
Sensex, Nifty settled lower on Thursday, tracking muted global cues. Buying was seen in healthcare and banking stocks while oil & gas, utilities, IT and metal stocks faced selling pressure
Long unwinding involves selling long-held positions to book profits or exit due to expected bearishness. On Thursday, five stocks experienced long unwinding. Here’s the list
The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses was released on Thursday, with the Ambani family securing the top rank.
The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list showcases India's leading family-run enterprises. Highlighting the rise of young leaders, the list reveals significant growth and sector dominance. Key figures include Sudarshan Venu of TVS Motor Company and Bahirji A Ghorpade of Sandur Manganese. The combined value of these businesses reaches ₹130 lakh crore, underscoring their crucial role in India's economic landscape.
The government stated that over 1,700 sq km of forest area has been lost in the last decade due to development, but compensatory afforestation has been undertaken. This has resulted in a net increase of 21,761 sq km. Minister Bhupendra Yadav highlighted that overall forest cover has grown, with some states experiencing reductions while others have seen increases. Efforts are being made to protect soil, moisture, and wildlife habitat during development projects.
Top 10 most valuable family businesses in India for 2024
Warner Bros Discovery reported a $9.1 billion non-cash goodwill charge due to uncertainties around cable and sports fees, resulting in a $10 billion net loss for Q2. The shift to streaming and TNT's failure to renew NBA rights contributed to declining TV revenues, despite a rise in streaming subscribers.
Companies such as Epsilon India, Roche Information Solutions India, Merck India, Thryve Digital, and Allstate India are leading this change, integrating innovative methods to engage and motivate younger employees.
The Nifty Pharma index closed 0.35 per cent up at 22114.25.
Short covering involves buying shares to close an existing short position, indicating a shift from extreme bearishness to bullishness. On Thursday, 4 stocks experienced short covering
The Reserve Bank of India (RBI) has reduced the frequency of reporting credit information of borrowers to credit information companies (CIC) to every 15 days from the previous monthly intervals, aiming to provide a more current overview of a borrower's debt status. This move is expected to benefit both borrowers and lenders by facilitating faster updates on repayments and enabling better risk assessments, ultimately contributing to a healthier lending environment.
Cochin Shipyard saw a 76.6% increase in net profit to Rs 174.23 crore for the June 2024 quarter, compared to Rs 98.65 crore a year earlier. Revenue from operations grew by 62% to Rs 771.47 crore.
Canara Bank has joined the governments, public and private sector units and celebrities in contributing for the resettlement of victims in Wayanad, and announced Rs 1 crore to CM’s Distress Relief Fund.
On Thursday, the bankruptcy court ordered Hinduja Group's IndusInd International Holdings (IIHL) to deposit Rs 2,750 crore into an escrow account for acquiring Reliance Capital through insolvency. The NCLT granted IIHL an extension to August 10 for completing the resolution plan, pending regulatory approvals. The matter will be further heard on August 13.
ART Nirman, Adhunik Industries, Garware Poly, Rajdarshan Ind and 3P Land Holdings, hit their fresh 52-week highs during the day.
As per a report by Nasscom and BCG, women want to put in effort to learn AI and GenAI technology to further career growth. The survey findings revealed that one in five women use GenAI tools almost daily with about 35% of senior management women reporting daily usage.
Envision Wind Power Technologies India secured a 116-MW wind turbine supply deal with Blueleaf Energy. Construction on the co-located wind-solar hybrid project in Madhya Pradesh will start in 2024 and finish in 2025. Components will be locally sourced, supporting the Atmanirbhar Bharat vision. Envision has created over 2,000 job opportunities in India.
Nazara said the committee of creditors of Smaaash Entertainment had approved its resolution plan. Resolution professional (RP) Bhrugesh Amin has listed gaming machines, go-kart, bowling alleys and other entertainment devices spread across 13 centres as its assets.
Choosing the right company in any sector is extremely important but when it comes to investing in NBFC stocks, it is extremely important to check on things like quality of balance sheet and parentage. There is a very clear lesson from history, if you bought Bajaj finance, wealth creation happened, if you bought DHFL then wealth destruction happened. The question would arise, why buy NBFC if it has such risks? The answer is simple, as a sector NBFC will grow at a faster rate than a number of sectors. Читать дальше...
The Nifty Bank index closed 0.08 per cent up at 50156.7.
Aman Sehrawat, the only male wrestler from India to qualify for the Paris 2024 Olympics, secured a decisive 12-0 victory in the 57kg freestyle category against North Macedonia's Vladimir Egorov. Despite a challenging personal history, including the loss of both parents at a young age, Aman has risen to prominence through resilience and hard work. With notable achievements such as medals at the Asian Games and Wrestling Championships, Aman now advances to the quarterfinals, symbolizing hope and perseverance.
Wipro Hydraulics completed the acquisition of Columbus Hydraulics to enhance North American manufacturing capabilities. This follows the recent purchase of Mailhot Industries and aims to broaden Wipro's range of hydraulic solutions. Columbus Hydraulics, established in 1952, provides customized hydraulic solutions and brings 150 employees into the fold.
The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list features prominent families such as Ambani, Bajaj, Birla, and Jindal, but excludes Gautam Adani's conglomerate, as it is a first-generation family business. The Ambani Family tops the list with a value of Rs 25,75,100 crore.
