The Indian auto sector saw 32 deals worth $1.9 billion in the July-September period, marking the highest quarterly activity since Q4 2021, according to a report on Thursday. There was robust deal activity in both volumes and values, showcasing the auto sector's resilience and attractiveness to investors, according to the report by Grant Thornton Bharat. … Read more
Credit rating agency ICRA in its latest report has said that the Indian construction entities are likely to maintain healthy revenue growth in FY25 with a projected YoY growth of 12-15% in this fiscal, aided by an adequate order book position and the government’s thrust on infrastructure activity. The aggregate order book-to-sales ratio of ICRA's … Read more
The overall air cargo volumes in India is projected to witness healthy growth of around 9-11 per cent (year-on-year) to around 3.6-3.7 million tonnes in FY25, according to a report on Thursday. This growth will be supported by 11-13 per cent expansion in international and 4-6 per cent growth in domestic cargo, according to credit … Read more
Top eight listed real estate developers in India have reduced their net debt by over 54 per cent in the first quarter of current fiscal (FY25) from the previous peak in FY19, a report showed on Thursday. The net debt of these companies collectively reduced to about Rs 20,808 crore in Q1 FY25, from over … Read more
Indian rupee was trading flat against the US dollar on Thursday amid a firm domestic equities, a weaker American currency against major overseas rivals ahead of key US CPI inflation data, and the Reserve Bank of India's unchanged policy rates. Meanwhile, rising global crude oil prices and heavy foreign fund outflows have also kept rupee … Read more
Rain Industries is currently trading at Rs. 179.70, up by 14.05 points or 8.48% from its previous closing of Rs. 165.65 on the BSE. The scrip opened at Rs. 170.60 and has touched a high and low of Rs. 180.75 and Rs. 170.60 respectively. So far 263684 shares were traded on the counter. The BSE … Read more
Private equity investments in India saw the total sum of equity invested reach $10.9 billion during the first nine months of 2024, marking a 38.9 per cent increase from the previous year, a report showed on Thursday. India continues to be one of the top markets in Asia Pacific for financial sponsor activity, accounting for … Read more
Department of Pharmaceuticals, Secretary Arunish Chawla has said that exports of India's pharmaceutical and meditech sectors are expected to sustain the growth momentum in the ongoing fiscal (FY25) despite a slowdown in the global economy. He stated with the government revving up support for drug development in India, as many as 16 blockbuster molecules targeted … Read more
Sonata Software is currently trading at Rs. 583.65, up by 5.25 points or 0.91% from its previous closing of Rs. 578.40 on the BSE. The scrip opened at Rs. 589.45 and has touched a high and low of Rs. 592.45 and Rs. 581.55 respectively. So far 17364 shares were traded on the counter. The BSE … Read more
Oil prices rose in early Asian trade on Thursday on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a major storm barreled into Florida. Brent crude futures rose 37 cents, or 0.5%, to $76.95 a barrel, while the U.S. West … Read more