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Officials’ meet shape agenda for Abu Dhabi WTO ministerial

A two-day meeting of senior officials of the World Trade Organisation (WTO) member countries which concluded in Geneva last Tuesday shaped agenda for the coming ministerial meeting of the world body, by narrowing down the differences over the key issues of agriculture, dispute settlement, e-commerce taxation, according to official sources. The direction and political backing …

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Switch Mobility to supply 70 e-buses to UK-based Stagecoach

Switch Mobility, a Hinduja Group company and the next-generation bus and light commercial vehicle manufacturer has bagged an order for 70 electric buses from Stagecoach, one of the UK’s leading bus and coach operators. The order consists of 10 Switch Metrocity 9.5-metre electric buses, which will operate on Route W11 in London and 60 Slimline …

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Nykaa share price down 44% from life-time high; should you buy, hold or sell after Q1 profit surges 33% on-yr?

Nykaa share price rose on Monday after the internet company reported 33% on-year rise in consolidated net profit to Rs 4.55 crore in quarter ended 30 June 2022, as against net profit of Rs 3.42 crore in Q1FY22. (FSN E-Commerce Ventures) Nykaa’s revenue from operations jumped 41% on-year to Rs 1,148.42 crore in Q1FY23. While …

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GAIL share price tanks 4% despite healthy Q1 earnings; should you buy, hold or sell?

GAIL India share price tanked over 4% on Friday after the company posted a consolidated net profit of Rs 3,250.95 crore in April-June compared to Rs 2,157.15 crore net profit in the same period a year back. The board of directors of the nation’s largest gas utility firm last month recommended the issue of one …

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Rising CNG prices may disrupt vehicles market

Rising prices of compressed natural gas (CNG) are likely to dent the sales of CNG-powered vehicles. Moreover, these vehicles could face competition from their electric counterparts.According to a Motilal Oswal report, the Indraprastha Gas management has admitted that the introduction of electric vehicles can slash the demand for CNG vehicles long-term. They are making plans …

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Rupee likely to depreciate ahead of CPI inflation data; USDINR pair to trade in this range

The Indian rupee is expected to depreciate on Friday amid expectations of weak macroeconomic data from India. CPI year-on-year is expected to drop from 7.01% to 6.78%. Additionally, industrial production is expected to drop from 19.6% to 10.7%. USDINR (August) is likely to trade in a range of 79.70-79.90, according to ICICIDirect. In the previous …

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Institutional investors dissent resolutions of Zomato, Bajaj Auto with over 50% of votes polled

Institutional investors dissented nearly 18 resolutions, including those of Zomato and Bajaj Auto, with more than 50% of their total votes, while 252 resolutions were favoured with 100% votes. The Apex Frozen Foods’ resolution to reappoint a whole-time director was disapproved with 93.6% of the total votes cast. However, the motion was defeated based on …

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Market mayhem: Investors lose Rs 15 trn in 5 sessions

D-Street continued to bleed owing to global events and investor panic, with Rs 15 trillion of investor wealth being wiped out over the past five trading sessions. The last big fall was in May 2022, when investor wealth plunged by Rs 18.8 trillion in 5 sessions. The benchmark Sensex has lost 2,379 points or 3.58% …

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Paytm share price tumbles 4%, down Rs 559 YTD; analysts maintain bullish stance, see up to 55% upside

Paytm share price tumbled over 4 per cent on Friday to hit an intraday low of Rs 782 apiece on NSE. The slump follows RBI’s move to issue strict norms for digital lending space. It also comes a day after the Advisory firm Institutional Investor Advisory Services India Limited (IiAS) flagged the proposal to reappoint …

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Jabalpur Cantt Madhya Pradesh Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

As anticipation mounts for the upcoming Jabalpur Cantt Constituency Election in Madhya Pradesh, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Jabalpur Cantt Constituency Assembly Election 2023 that every voter should be …

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