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Sweltering heat sets summer-goods sales on fire; consumer brands hitch qcomm ride to big business
India's scorching summer has fueled a surge in consumer goods sales, with quick-commerce platforms becoming the star performers. Ice creams, cold drinks and skincare products saw massive year-on-year growth as shoppers embraced instant delivery for seasonal needs.
Adani Mundra Airport launches first scheduled flight services
Adani Mundra Airport has launched its first scheduled flight service with Star Air, connecting Mundra to Mumbai and Goa. This expansion includes eight new routes, significantly boosting connectivity for businesses, trade, and tourism in the Kutch region. The airport's new operations are a key step in developing Kutch into a comprehensive logistics and business hub, adding another vital transport option for commercial activities.
Stock Alert: APSEZ, Infosys, Dhanuka Agritech, Concord Biotech, Mufin Green Finance, Canara Bank
Adani Ports & Special Economic Zone (APSEZ) handled cargo volumes of 48.3 million metric tonnes (MMT) in May, marking a 16% year-on-year increase, driven by strong growth across key ports and cargo segments. However, the company's logistics business witnessed a decline, with rail volumes falling 19% year-on-year to 48,170 TEUs during the month.
Stock Alert: Sonata Software, Bombay Stock Exchange, Dabur India, Lupin, Blue Star, NOCIL - Business Standard
Stock Alert: Sonata Software, Bombay Stock Exchange, Dabur India, Lupin, Blue Star, NOCILBusiness Standard
Stock Alert: Greaves Cotton, Bajaj Auto, Meesho, Godrej Consumer Products, Blue Star, Kansai Nerolac Paints - Business Standard
Stock Alert: Greaves Cotton, Bajaj Auto, Meesho, Godrej Consumer Products, Blue Star, Kansai Nerolac PaintsBusiness Standard
Five companies will see shares worth ₹1.15 lakh crore free up for trade today; Details here
WeWork India Ltd., Tata Capital Ltd., BMW Ventures Ltd., Bajaj Housing Finance Ltd., and Advance Agrolife Ltd., are the five companies who will see their shareholder lock-ins end on Monday, April 13. Barring Bajaj Housing Finance and Tata Capital, and Advance Agrolife the other two companies are trading well below their issue price. Even Bajaj Housing, Advance Agrolife and Tata Capital are trading just around their respective issue price.
AC players feel the heat as unseasonal rain pours cold water on summer demand
Shares of Blue Star have declined in five out of the last six trading sessions, during which the stock has corrected by 12%. Shares of Voltas too have dropped in five out of the last six sessions, and have corrected 11% during this period.
Borosil Renewables shares surge nearly 9% as govt extends CVD on solar glass imports
The rally came after the Finance Ministry announced a five-year extension of countervailing duties on imports of textured tempered glass, commonly known as solar glass, from Malaysia