The turnover of the automotive component industry rose by 9.8 per cent year-on-year to Rs 6.14 lakh crore for the fiscal ended March 31, 2024, industry body ACMA said on Thursday. The industry had reported a turnover of Rs 5.59 lakh crore in the 2022-23 financial year. Component supply to OEMs (original equipment manufacturers) in … Read more
Foreign investors pumped ₹22,670 crore into shares of companies across 19 sectors between July 1 and 15, according to data from National Securities Depository (NSDL). Capital goods, automobiles, information technology (IT), and healthcare were among the sectors that witnessed the highest inflows in the period. The capital goods sector saw robust inflows worth ₹3,612 crore … Read more
Indian Railway Finance Corporation Share Price 203.6 11:05 AM | 19 Jul 2024 -2.22(-1.08%) One97 Communications Share Price 430.9 11:05 AM | 19 Jul 2024 -14.41(-3.24%) YES Bank Share Price 25.2 11:05 AM | 19 Jul 2024 -0.56(-2.14%) ITC Share Price 478.9 11:05 AM | 19 Jul 2024 8.65(1.84%) HDFC Bank Share Price 1610.25 11:05 … Read more
Do you know what is common between India’s automotive, FMCG, real estate, electrical goods, travel, and even alcoholic beverage industries? That is of Premiumisation. Post one year of COVID-19, a secular trend of premiumisation has been driving profitability growth across a number of industries. As disposable incomes rise, more Indian families are transitioning into higher … Read more
India’s fourth-largest auto company, M&M, is shifting into a higher gear and pressing down on accelerator. It plans to fuel its business growth with an ambitious capital infusion plan. It will inject Rs 37,000 crore into its business, across different segments, over the next three years. A bigger part of this money will go into … Read more
“From the next 6 to 12 months’ perspective, we expect the domestic equity market to remain buoyant and have room to further go up by 8-10%,” Sunny Agrawal, Head of Fundamental Equity Research, SBI Securities, said.In an interview with ETMarkets, Agrawal said: “BFSI, Real Estate, Auto, Cement, Engineering/Cap Goods, Infra, Railways, Defence, Renewables, IT, Biofuels … Read more
The auto component industry is looking to invest around USD 6.5 to 7 billion over the next five years on capacity expansion and technology upgradation, with the demand expected to remain robust over the period. The industry, which recorded a 12.6 per cent year-on-year revenue growth in the first half (April-September) of the current fiscal … Read more
