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Bajaj Auto total sales increase 28% in June
Bajaj Auto has reported a robust 28% year-on-year jump in total sales for June, reaching 4,63,202 units. This impressive growth was fueled by a significant 47% surge in exports, alongside a healthy 11% increase in domestic sales. The company's two-wheeler segment also saw a strong 30% rise. For the June quarter, overall sales climbed 29%, with exports nearly doubling.
Zee Entertainment shares gain 3% after board approves raising ₹3,144 cr via preferential warrants issue
The board of Zee Entertainment has approved the issuance of up to 24.95 crore fully convertible warrants to Sunbright Mauritius Investments at an issue price of ₹126 apiece, taking the total fund raise to ₹3,143.52 crore.
Honda Cars India sales jump 71% to 8,788 units in June
Honda Cars India witnessed a significant 71% surge in total sales for June, reaching 8,788 units compared to the previous year. This impressive growth, driven by strong demand for the new City and the upcoming ZR-V, signals a positive market response. The company anticipates sustaining this upward trend, with ZR-V deliveries commencing this month, poised to unlock further expansion.
Indian Bank's business crosses ₹15 lakh crore as loans and deposits continue to grow
Indian Bank reported a 13.6% rise in total business in the June quarter, with both loans and deposits growing at a healthy pace. Lending continued to outpace deposits slightly, while the bank's low-cost CASA deposits remained broadly stable.
Punjab & Sind Bank's business grows 15% as loans outpace deposits in Q1
Punjab & Sind Bank reported a 15.33% rise in total business for the June quarter, with loans growing faster than deposits. While its CASA ratio declined from a year ago, the lender continued to expand its balance sheet, driven by strong credit growth.
Tamilnad Mercantile Bank reports healthy Q1 growth; advances outpace deposits
Tamilnad Mercantile Bank reported healthy business growth for the June quarter, with advances rising 27% and deposits nearly 20%, taking total business above ₹1.21 lakh crore on sustained lending momentum.
Nissan India's June wholesales rise 16%, domestic sales more than double
Nissan Motor India witnessed a significant 16% year-on-year jump in total wholesales to 8,346 units last month. Domestic sales surged by an impressive 129%, marking the fourth consecutive month of growth, driven by strong demand for the Magnite and Gravite. This positive momentum fuels confidence as the company gears up for the July 9th debut of its new compact SUV, the Tekton.
HMSI posts 23% rise in sales to 5,28,281 units in June
Honda Motorcycle & Scooter India reported a robust 23% surge in total sales for June, reaching 5,28,281 units. Domestic sales climbed 21% to 4.68 lakh units, while exports saw an impressive 47% jump. The first quarter of the fiscal year also witnessed a healthy 17% growth in total vehicle sales.
Toyota Kirloskar Motor's June sales rise 7% on stronger domestic demand
Toyota Kirloskar Motor witnessed a robust 7% surge in total sales for June, reaching 31,016 units. This growth was fueled by an 8% rise in domestic sales to 28,441 units and a 7% increase in exports to 2,575 units. The company attributes this success to sustained market momentum and a strong customer-centric approach, aiming to further enhance its market presence with quality products and services.
Karur Vysya Bank reports 15% rise in Q1 deposits, advances grow 17% YoY
Karur Vysya Bank reported healthy provisional business growth for the June quarter, with total deposits rising nearly 15% and advances increasing over 17% year-on-year. Shares of Karur Vysya Bank Ltd were trading at ₹297.90, up 0.61%.
Maruti Suzuki's June sales soar over 19% to 2 lakh units on strong PV demand
Maruti Suzuki India witnessed a significant 19.3% surge in total sales for June, reaching 2,00,390 units. This impressive growth was fueled by strong domestic demand across passenger vehicles and light commercial vehicles, alongside a healthy increase in exports. The company saw notable jumps in sales for its mini, compact, mid-size, and utility vehicle segments, indicating robust consumer interest.
Volume buzzers: Paisalo Digital, Rel Power, Kinetic Engg zoom up to 20%
A combined 73.01 million equity shares representing 8 of Paisalo's total equity, changed hands and there were pending buy orders for 3.5 million shares on the NSE and BSE till 11:05 AM on Wednesday.