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Eicher Motors sold 27,294 motorcycles in May 2021, against 19,113 motorcycles sold in May 2020. Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 183,044 units of two-wheelers in the month of May 2021. Gujarat Gas reported a sharp increase in its consolidated profit at Rs350.86cr in Q4FY21 against Rs250.46cr in Q4FY20. Revenue jumped to Rs3,489.31cr from Rs2,722.17cr in the corresponding quarter of the previous fiscal. The company approved the acquisition or transfer of the city gas distribution business for Amritsar and Bhatinda Geographical Area as a going concern, on a slump sale basis, from Gujarat State Petronet (GSP) for Rs163.31cr. ....
NSE-BSE bulk deals: IDBI Bank sells 31 lakh shares of Quadrant Televentures SECTIONS Last Updated: Mar 09, 2021, 07:43 PM IST Share Synopsis In other deals, Euro Plus Capital sold 130,704 shares of Yogi Sung-Won at Rs 2.80 per share of which 113,500 shares were bought by Shiva Shakti Enclaves at Rs 2.81 per share. Reuters Vinod Harilal Jhaveri HUF sold 56,000 shares of Octaware Technologies at Rs 94.90 per share while Overskud Multi Asset Management bought 67,200 shares at the same price. Related NSE Explore Now NEW DELHI: There were not many notable bulk deals in which shares exchanged hands on Tuesday. Most of the deals involved smaller and little known companies. ....
India takes decisive steps to spur economic growth post–pandemic An employee works inside the Mahindra & Mahindra manufacturing plant in Chakan, Maharashtra. India’s auto sector is looking for a rebound as consumer spending returns to growth this year. Image Credit: Reuters After witnessing the steepest economic contraction among the major economies at 23.9 per cent in the first quarter (April-June) of 2020-21 due to Covid-19- induced lockdown, India is likely to see an economic resurgence, clocking around 10 per cent GDP growth in the new financial year, if recent economic predictions of multiple agencies are to be believed. The pace of India’s GDP contraction in the second quarter of the current financial year (July-September 2020) was much weaker than Q1 figures, reflective of signs of economic revival, say economists at Frost & Sullivan. ....