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NSE SME IC Electricals lights up the bourses with stellar market debut
IC Electricals Company traded at Rs 174.30 on the NSE, a 76.06% premium to the issue price of Rs 99.
India's middle class may have little room in the richer housing market
India's residential property market delivered one of its strongest first-half performances in over a decade, with home sales staying near record highs even as growth stabilised. Knight Frank India says premium housing is now driving the market, while affordable homes continue to shrink. Mumbai led sales, Bengaluru posted the fastest growth and NCR remained the weakest market.
Honda to launch 2-3 premium motorcycles, new electric scooters in India this year
Honda Motorcycle & Scooter India plans to launch new premium motorcycles this year. The company will also introduce new electric scooter models to the market. This move targets India's growing premium motorcycle segment and rising incomes. Honda is expanding manufacturing capacity and localising components for new models.
Uno Minda Ltd soars 1%
Uno Minda Ltd is quoting at Rs 1166.1, up 1% on the day as on 12:49 IST on the NSE. The stock is up 8.68% in last one year as compared to a 3.82% drop in NIFTY and a 14.29% drop in the Nifty Auto index.
Shayona Engineering rises after securing Rs 2-cr domestic purchase order
Shayona Engineering rose 2.39% to Rs 143.55 after the company announced that it has secured a purchase order worth Rs 1.70 crore from a domestic customer for the supply of engineering components.
SMAM expands farm mechanization with 21.61 lakh machines, Custom Hiring Centres and large-scale Kisan Drone demonstrations
The Sub-Mission on Agricultural Mechanization (SMAM) expands access for small farmers, women and disadvantaged groups through targeted mechanization support nationwide. Special emphasis has been placed on under-served and North-Eastern States to address regional disparities in access to farm machinery and technology. Since its inception, Rs 9,404.47 crore has supported the distribution of 21.61 lakh agricultural machines to individual farmers across India. Over 40,928 drone demonstrations covering 40,918 hectares were conducted with Rs.52.5 crore financial support, promoting precision agriculture adoption nationwide.
Greaves Cotton rises as board approves up to Rs 331-cr investment in Greaves Electric Mobility
Greaves Cotton gained 2.38% to Rs 242.95 after the company said its board had approved participation in the proposed rights issue of its material subsidiary, Greaves Electric Mobility (GEML).
Ion Exchange wins $52.83 million order from Hyundai Engineering - scanx.trade
Ion Exchange wins $52.83 million order from Hyundai Engineeringscanx.trade
Ashok Leyland, Hero Motocorp to M&M: Auto stocks rise despite E20 row - livemint.com
Ashok Leyland, Hero Motocorp to M&M: Auto stocks rise despite E20 rowlivemint.com
India's diamond export pain is hiding a brighter story at home
India's diamond exports have declined over recent financial years. Retail giants are increasing investments in both natural and lab-grown diamonds. This domestic focus targets a growing demand from younger Indian consumers. Retailers are expanding offerings to cater to evolving preferences for lightweight jewelry. Natural diamonds continue to hold a significant position in premium portfolios.
IT services stocks offer value despite AI concerns, says Mahindra Manulife Investment
Krishna Sanghavi, Chief Investment Officer - Equities at Mahindra Manulife Investment Management, favours private banks, manufacturing, capital goods and defence, citing policy support, corporate investment and India's shift towards bottom-up growth. Sanghavi added that upstream oil and gas companies with volume growth also remain attractive.
Emirates to deploy A380 on Delhi route from October; expands Premium Economy to 6 Indian cities
Emirates will introduce its A380 aircraft on the Dubai-Delhi route starting October 25. This move expands the airline's double-decker service to a third Indian city. Premium Economy will also become available on six Indian destinations by month's end. The airline cites strong demand as a reason for these network enhancements. Emirates is also opening new retail travel stores and a call centre in India.