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'E20 safe for all vehicles, can solve energy, farm woes': Toyota's Vikram Gulati
India's push for E20 fuel, compatible with all vehicles sold after April 2023, aims to bolster energy security, aid farmers, and combat climate change. Toyota Kirloskar Motor's Vikram Gulati highlighted the program's success in saving billions and boosting farmer incomes. He also addressed misconceptions, stating E20 poses minimal risk to existing vehicles and offers significant environmental advantages as a carbon-neutral fuel.
CreditAccess Grameen adds 2.5 lakh borrowers in Q1, loan book tops ₹30,000 crore
Microfinance lender CreditAccess Grameen reported an 11.9% year-on-year rise in loan disbursements to ₹6,107 crore in the June quarter, while its loan book grew 16.4% to over ₹30,300 crore. The company also added 2.5 lakh borrowers during the quarter and reported an improvement in asset quality, with overdue loans declining across all key metrics.
Godrej Consumer expects high-teens Q1 revenue growth on strong volumes; margins seen lower
Godrej Consumer Products projects a high-teens revenue growth for Q1 FY27, supported by robust volume increases across all categories.
BLS E-Services acquires Atyati Technologies for Rs 157 crore
BLS E-Services has acquired Bengaluru-based Atyati Technologies for approximately Rs 157 crore in an all-cash deal. This strategic move aims to bolster BLS E-Services' reach and impact in underserved communities by integrating Atyati's AI-powered banking solutions and extensive network of customer service points. The acquisition is anticipated to drive significant synergies, including network expansion and cost efficiencies, contributing to long-term growth.
All India seasonal monsoon rainfall sees deficit of 38% this year
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Auto demand remains strong, but OEM margins may stay under pressure in H1 FY27
Indian auto sector anticipates strong demand across all vehicle types, though automakers may see profit margins squeezed in early FY27. Wholesale dispatches for passenger vehicles, commercial vehicles, and tractors remain robust, indicating sustained consumer interest. Premium segment demand is expected to hold steady, while mass-market sales might moderate later in the fiscal year.
Union Bank of India shares decline over 7% despite positive Q1 business updates; check all details - Upstox
Union Bank of India shares decline over 7% despite positive Q1 business updates; check all detailsUpstox
BLS E-Services acquires 100% stake in Atyati Technologies for ₹157 crore in all-cash deal
Shares of BLS E-Services Ltd ended at ₹252.00, down by ₹3.50, or 1.37%, on the BSE.
Bank of Baroda pays $600 million to settle NMC Health litigation
The settlement resolves all claims between the parties without any admission of liability or wrongdoing by the bank, according to the filing. Apart from the settlement amount, the terms of the agreement remain confidential.
Markets extend winning streak for 2nd session; IT stocks lead gains
The Nifty settled above the 24,150 mark. Barring the Nifty IT index, all other sectoral indices on the NSE ended in the green, with IT, realty and consumer durables shares experienced the most gains.
TVS Motor launches TVS The All New Callisto 110 in Jakarta
TVS Motor Company launched the revolutionary scooter, TVS The All New Callisto 110, in Jakarta.
DXY holds steady around 101 mark; investors brace for US jobs report
The dollar index is holding steady on Thursday with all focus on June jobs report for fresh insights into labor market conditions and greater clarity on the Federal Reserves policy outlook. Data released on Wednesday showed private-sector hiring in the US slowed more than expected last month. The dollar index that measures the greenback against a basket of currencies is quoting at 101.08, down marginally on the day. Meanwhile, Federal Reserve Chair Kevin Warsh firmly reiterated the central bank's absolute commitment to its 2% inflation target and maintained strict political independence during his speech at the European Central Bank (ECB) Forum although he declined to give any signal as to what the central bank may do at its meeting later this month.