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Rail Vikas Nigam, BHEL, Oil India, and MOIL were fined by over Rs 10 lakh by the exchanges. The companies have clarified to the exchanges that the power to appoint independent directors rests with the government as they are state-owned firms. ....
“We still think Apollo, MRF and Ceat are must-haves in the portfolio. Auto sales and the whole gamut of owning aspirations is doing extremely well. Their cost of input has been on a lower wicket. And I think going ahead also, there will be better numbers coming. But this was an exceptional quarter.” ....
As current valuations offer a limited scope of further expansion, an increase in corporate earnings will be the primary factor that would drive the market returns moving forward, said Axis Bank. ....
In September 2022, the Metals and Minerals Trading Corporation of India (MMTC), along with the State Trading Corporation (STC) and Project & Equipment Corporation (PEC), lost their status as canalising agencies. ....