As part of its transformation strategy to become a leading player in the growing electric vehicle (EV) segment, MM Forgings (MMF) has made an investment to secure an 88% equity shareholding in Abhinava Rizel on a fully diluted basis. Further, MMF will provide the necessary financing to establish the manufacturing facility and other product development initiatives. On an aggregate basis, MMF expects to invest Rs.200 […]
The domestic equity benchmarks ended with deep cuts after a weak session on Thursday. The Nifty ended below the 17,550 mark. Negative global cues and weak domestic macroeconomic data dented the investors sentiment. The Nifty traded below the 17,600 mark. Oil & gas, IT, pharma and metal shares declined while PSU banks, autos and realty shares managed to end in the green. As per provisional […]
According to provisional results of the Federal Statistical Office (Destatis), the real (price-adjusted) turnover of retail enterprises in Germany was 1.9% and the nominal (not price-adjusted) turnover was 2.4% higher in July 2022, on a calendar and seasonally adjusted basis, than in June 2022. Compared with July 2021, retail trade recorded a 2.6% decrease in turnover in real terms and a nominal increase of 6.1% […]
Amid rising energy bills and higher interest rates squeezing UK household budgets, house price inflation softened in August, data published by Nationwide Building Society showed. House price inflation slowed to 10.0 percent in August from 11.0 percent in July. Nonetheless, the rate remained in double-digits for the tenth month in a row. In the past two years, the average house price has increased by almost […]
Shriram Transport Finance Company announced that U. Balasundararao (ACS 40941) has taken charge of the office of Company Secretary and Compliance Officer of the Company after the retirement of his predecessor, Vivek Madhukar Achwal (ACS 8061), with effect from the close of business hours on 31 August 2022, upon his attaining the age of superannuation Powered by Capital Market – Live News
Germanys manufacturing sector remained in contraction in August, latest PMI survey data showed, with a sustained downturn in new orders serving to weigh on production levels and slow the rate of job creation at factories. Rising stock levels remained a prominent feature of the survey. The headline seasonally adjusted S&P Global / BME Germany Manufacturing Purchasing Managers Index? (PMI?) – a single figure measure of […]
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