News Overview

In the two-wheelers segment, during December 2021, TVS Motor posted sales of 235,392 units against sales of 258,239 units in December 2020.

The reaffirmation in ratings favourably factor in the company’s strong parentage–Shapoorji Pallonji and Company Private Limited.

In December 2021, Royal Enfield sales were at 73,739 units rising by 7% from 68,995 units in the same month last year.

Transformers and Rectifiers (India) jumped 7.51% to Rs 37.95 after the company said that it has been awarded orders of transformers for total contract value of Rs 235 crore from Gujarat Energy Transmission Corporation (GETCO).

The proceeds from the issuance of the Notes will be utilized primarily for refinancing of existing borrowings, the company said.

The benchmark indices traded in a range during mid-morning trade. Buying was wide spread. However, pharma and healthcare stocks corrected after a recent rally. The Nifty continued to trade above 17,500 level. At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 580.10 points or 1% at 58,833.92. The Nifty 50 index surged 167.25 points or 0.96% at 17,521.30. In the broader market, the […]

TML Business Analytics Services presently known as Tata Motors Passenger Vehicles was set to purchase Tata Motors Passenger Vehicles Undertaking for consideration of Rs9417cr.

All set to launch its first ever ‘Made-in-India’ high-speed electric scooters in January 2022.

Here is the stock market performance at 11:30 AM today.

The company's December 2021 sales were lower from sales of 160,226 units logged in the same month last year.