News Overview

According to the MoU, NYL will subscribe to equity shares of Max Towers Private Limited (MTPL) and Pharmax Corporation Limited (PCL) for approximately ₹565.25 million and ₹347.56 million, respectively.

The tractor maker's standalone net profit surged by 48.75% to ₹277.27 Crore, with a 2.5% rise in revenue from operations to ₹2,320.35 Crore in Q3 FY24 compared to Q3 FY23.

For the fiscal year 2023–2024, the firm announced a dividend of ₹6 per equity share with a face value of ₹2.

Revenue from operations witnessed a notable increase, reaching ₹8,893.99 Crore in the March quarter, marking an 11.65% rise from ₹7,965.98 Crore in the same period last year.

GE T&D India hopes to provide a complete turnkey solution covering hundreds of OPTCL substations with this project.

On May 2, at around 1:15 p.m., M&M's shares were trading higher at ₹2,197 a share, up 1.89% from the previous close on the NSE.

In the broader market, the BSE MidCap increased by 0.95%, and the BSE SmallCap gained by 0.42%.

Eicher Motors, the listed parent of Royal Enfield, reported selling 81,870 motorcycle units in April 2024, marking a 12% increase from 73,136 units in April 2023.

Godrej Consumer Products shares also demonstrated positive returns, with a 3.34% increase over the last month and a substantial 26.07% increase over the last six months.

Two-wheeler exports in March 2024 reached 1.30 lakh units, up 38% from 94,715 units in March 2023, while commercial vehicle exports rose by 42% to 14,630 units.