30/09/2024
- RBI has kept the repo rate at 6.5% for the fourth time in a row.
- PMI manufacturing hits 5 month low at 57.5 in September.
- IOC has firmed up plans to pump in over Rs 2600 crores in setting up several greenfield projects in the north east. Meghalaya, Mizoram and Manipur on the list for land parcels.
- Disney looking to sell India business. Ambani, Maran and Adani in the fray.
- Reliance Retail may raise close to Rs 5000 crores from ADIA.
- TCS to consider share buybak in board meeting on October 11.
- HDFC Bank is revamping some parts of the top management as the Indian bank seeks to propel its mortgages business, three months after it acquired another lender.
- Indian households are saving less than they have for half a century. According to RBI, net household savings in 22-23, the Indian financial year runs from April to March were only 5.1% of GDP.
- Mahindra and Mahindra has started launching Jawa and Yezdi brands of bikes in a more stylish way. Could offer good competition to Royal Enfield.
- Mahindra and Mahindra is churning out excellent figures both on the passenger and the commercial vehicle side. Tractor sales is stagnant but might recover soon. Jawa and Yezdi could power its premium two wheeler sales in the future. Electric vehicle introduction might be preponed depending upon the Government policy.
- Global private equity investor KKR on Wednesday said that it is expanding its presence in India with the opening of a new operations back-office in Gurugram, which will be its largest such operations centre outside of its home market of USA, signifying the growing importance of India in KKR’s global ecosystem.
- IT sector of India is showing first signs of stress. Growth rates might not come by. Margins will remain under pressure.
- Tata Motors on Thursday said it plans to equip over 50 per cent of its overall workforce with new-age auto tech capabilities within five years as part of its strategy to develop skilled and future-ready staff focused on electric vehicles and other emerging technologies in the auto industry.