News Overview

LMEL recorded an annual growth of 22% in DRI at 238,000 tonnes in the nine months. Iron ore production went up by 5% on year-on-year basis at 8.6 million tonnes.

These orders are regarding short reversal of input tax credit on common services associated with exempted supplies and excess claim of input tax credit under the reverse charge mechanism

Asian markets opened mixed on January 2.

Here are some of the stocks that may see significant price movement today: NMDC, Tata Motors, RailTel Corporation, etc.

Term deposits saw a big jump, increasing by 28.10% to ₹25,365 crore from ₹19,802 crore.

Profits rose by 18.1% to ₹324.5 crore from ₹274.8 crore in the same quarter last year.

Domestic sales declined by 18.55%, recording 68,650 units in 2024, down from 84,289 units in 2023.

Total sales within the country stood at 24,887 vehicles, while export sales were reported at 4,642 units

Revenue from operations of the company also rose significantly up by 22.5% to ₹4,919 crore in Q2 FY25 against ₹4,014 crore in Q2 FY24.

The new price incorporates excise duty and state VAT, amounting to around 15% of the overall rise in price.