BUSINESS
Maruti Suzuki to issue shares to Suzuki Motor Corp to acquire SMG
The SMG with a production capacity of 7.5 lakh units per year was promoted by Suzuki Motor Corporation to be a contract manufacturer of vehicles for Maruti Suzuki India several years back.
SoftBank reports unexpected loss of $3.3 bn in Q1
The Vision Fund investment unit, through which SoftBank invests in high-growth technology companies, reported a profit of $1.1 billion in the June quarter, reports CNBC.
Sustained selling by FIIs of Rs 10,437 cr during last eight sessions
In the near term the spike in the US 10-year bond yield above 4 per cent has triggered selling by FIIs who might be moving some money to the US bonds. The domestic market construct continues to be resilient. Thursday's US CPI inflation print will be keenly watched by markets, he said.
Indian auto component industry logs Rs 5.60 lakh crore business in FY23: ACMA
"With significant mitigation in the supply-side issues of availability of semiconductors, input raw-material costs and logistics, the vehicle industry is expected to continue to perform well in FY24, which augurs well for the auto components sector. That apart, exports and growth in the domestic aftermarket continue to be robust," Kapur said.
SEBI to consider provisions for unexplained suspicious trading patterns
SEBI, while dealing with the matters related to contravention of the provisions of the securities laws, particularly relating to manipulative and unfair trade practices, insider trading, front running, pump and dump activity, etc., faces challenges in finding direct evidences in respect of communication of non-public price sensitive information.
Reliance accelerates progress on its Net Zero journey; achieves net reduction in air emissions despite growing energy consumption
The company has a continuous Emission Monitoring System (CEMS) that enables adherence to local standards for SOx, NOx, and TPM emissions.
FII selling streak caps Nifty upside
Majority of the sectors ended in green with buying seen in IT & Pharma. Markets are likely to trade in a range ahead of RBI policy this week, he said. FIIs continued their selling streak for the last few days, thus keeping the upside limited, he added.
MPC meet: A hawkish undertone, a dovish outcome; investors need not get disappointed
Investors should focus on sectors that offer growth and earnings prospects with several companies having to declare their first quarter results for this fiscal, they added.
Domestic investors holding declined in June quarter
According to Pranav Haldea, Managing Director, Prime Database Group, this was on account of profit booking by LIC, mutual funds as also retail and HNI investors with markets reaching all-time highs. Net inflows from DIIs stood at just Rs 3,368 crore during the quarter.
Railway stocks gain after redevelopment plan for 508 stations
On Sunday, Prime Minister Narendra Modi had laid the foundation for the redevelopment of 508 railway stations across the country.
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