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EV sales in India to grow 66 pc this year riding on consumer interest, govt initiatives

Apr 5, 2024

New Delhi, April 5 (IANS) Driven by rising consumer interest, government initiatives and infrastructure development, India’s EV sales nearly doubled in 2023 and are likely to grow 66 per cent this year, a report showed on Friday.Overall, India’s passenger vehicle (PV) sales grew 10 per cent (year-on-year) to surpass 4 million units, its EV sales…

Nifty gains for third consecutive week

Apr 5, 2024

Mumbai, April 5 (IANS) On the weekly charts, Nifty rose 0.84 per cent, up for the third consecutive week, said Deepak Jasani, Head of Retail Research, HDFC Securities.Nifty formed a high wave formation on weekly charts, suggesting volatile…

Business

Nifty closes flat after RBI keeps repo rate unchanged

Apr 5, 2024

Mumbai, April 5 (IANS) The Nifty recovered from intraday lower levels to close flat on Friday after the RBI kept the repo rate unchanged at 6.5 per cent for the seventh consecutive time, said Siddhartha Khemka, Head of Retail Research at…

Business

RBI chief says banks, NBFCs in robust health but must stay alert

Apr 5, 2024

Mumbai, April 5 (IANS) RBI Governor Shaktikanta Das said on Friday that the latest data as at end-December 2023 shows that the key indicators of capital and asset quality of scheduled commercial banks continued to be healthy, and financial…

Business

Bank Nifty edges higher on robust credit growth

Apr 5, 2024

Mumbai, April 5 (IANS) Although the RBI policy meeting unfolded as anticipated on Friday, concerns over food inflation and warnings of a heat wave tempered the sentiment, said Vinod Nair, Head of Research at Geojit Financial Services.While…

Business

DCM Limited to file appeal against Income Tax assessment order on alleged bogus purchases

Apr 5, 2024

New Delhi, April 5 (IANS) The Income Tax Department has passed an assessment order dated March 30, that the erstwhile Textile Business Undertaking (referred to as Demerged Undertaking) of DCM Limited, which was demerged into DCM Nouvelle…

Business

Realty sector stocks top-performing sector of FY24

Apr 5, 2024

New Delhi, April 5 (IANS) In FY24, the realty sector sectoral index soared with a remarkable 132.5 per cent return, securing its position as the top-performing sector of the year, according to Motilal Oswal Asset Management Company.The auto…

Business

NetApp empowers women-led deep tech startups in India

Apr 5, 2024

Bengaluru, April 5 (IANS) Three out of the five data-driven deep tech startups, graduated from the 12th cohort of accelerator programme 'NetApp Excellerator' are led by women founders, the data infrastructure company said on Friday.The five…

Business

Automaker Kia to invest $28 billion in future mobility solutions

Apr 5, 2024

Seoul, April 5 (IANS) Kia, South Korea's second-largest carmaker, said on Friday it will invest 38 trillion won ($28 billion) in future mobility solutions by 2028, while strengthening its gasoline hybrid vehicle lineup amid slowing sales of…

Business

Range-bound rupee most stable among major currencies: RBI Governor

Apr 5, 2024

Mumbai, April 5, (IANS) The Indian rupee (INR) has remained largely range-bound as compared to both its emerging market peers and a few advanced economies during 2023-24 and was the most stable among major currencies during this period, RBI…

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