News Overview

Eicher Motors unlisted subsidiary, VE Commercial Vehicles (VECV) sold 5,525 units of commercial vehicles in April 2022, up 157.6% YoY.

Reported sales nil

Sales rise 85.22% to Rs 268.10 crore

Total Operating Income decline 20.34% to Rs 4609.97 crore

Sales rise 46.00% to Rs 180.24 crore

The markets are sceptical ahead of the Q4 results and the hawkish notes coming in from the US Federal Reserve.

The quarterly mutual fund flows data for Mar-22 quarter published by AMFI shows strong positive inflows across equity and passive fund assets

Equity indices traded in a narrow range with moderate losses in mid afternoon trade. Baring Nifty Realty Index, all other sectoral indices were trading in red on the NSE. Sentiment was dented amid negative global cues. The Nifty continued to trade below its 50 days and 200 days simple moving average placed at 17,101.86 and 17,232.51 respectively. At 14:23 IST, the barometer index, S&P BSE […]

ICRA Ratings estimates the gold jewellery demand in India to grow at a steady ~11% during FY2023.

Indias manufacturing sector grew at a faster pace in April as factories raised production in the wake of rising orders. The S&P Global factory Purchasing Managers Index unexpectedly rose to 54.7 in April from 54.0 in March. The expected reading was 53.8. A reading above 50.0 indicates expansion in the sector. Growth gathered momentum in the intermediate and capital goods segments, but there was a […]