Magna reported adjusted earnings per share of USD 1.50 during the Fsecond quarter, compared with analysts average estimate of USD 1.23 per share, according to Refinitiv data.
Commercial vehicle components maker Hendrickson launched air and mechanical suspensions and axles for trailers in India, aiming to cater to local terrain. They completed the acquisition of Liteflex Composite Springs and offer lightweight, efficient systems. Hendrickson focuses on tailored products for the Indian market s needs.
Ficci: The survey observed that after experiencing revival of the Indian economy in FY22, the momentum of growth has continued for the subsequent quarters as well. In the Q4 Jan-March FY23, 55% of the respondents reported higher production levels.
Minda had in February bought a 15.7% stake in Pricol for ₹400 crore in a surprise move that triggered a confrontation with the promoter group of the target company led by managing director Vikram Mohan.