News Overview

According to Rahul Bharti, the company's Manesar facility in Haryana, which is expanding its capacity by about one lakh units annually, takes care of most of the Ertiga supply problems.

During the quarter, Royal Enfield sold 227,925 motorcycles, increasing 6.17% from 214,685 motorcycles sold in FY 2022-23.

TML's revenue in the fourth quarter of fiscal year 2023-24 was ₹120.0K Crore, up 13.3% over the same period last year.

All parties involved were told by NCLAT to file a reply within three weeks, and the IRP was advised to confine its actions to the construction process alone.

Brent crude prices were down 26 cents, or 0.3%, to $82.53 per barrel, while U.S. West Texas Intermediate crude futures were down 23 cents, or 0.3%, to $78.03 per barrel.

During the subscription period from May 6 to May 8, investor enthusiasm drove the issue to be oversubscribed by an impressive 69.91 times.

Indian Oil established the new subsidiary under its low-carbon, clean, and green energy business segment to support its efforts towards the net-zero emission target.

The listing date for the Aadhar Housing Finance IPO is scheduled for Wednesday, May 15.

Spot gold was up 0.1% at $2,361.69 an ounce. Friday saw a two-week peak for bullion prices. Gold futures dropped 0.3% to $2,368.10.

Expectations for rate cuts this year have strengthened following the Federal Reserve's policy statement and a softer-than-expected April U.S. payroll report.