Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine

CLOSING BELL ON JUNE 02, 2023: The NSE Nifty 50 finished 46 points higher at 18,534; Hero MotoCorp, Apollo Hospitals and Hindalco rallied over 3 per cent each.

SI Reporter New Delhi

BSE

3:09 PM

ALERT:: Eicher Motors' Royal Enfield opens 5th Intl CKD Assembly unit; stock off day's low

Eicher Motors today announced that Royal Enfiedd was growing and strendthening its presence outside India with the launch of its 5th global CKD assembly unit in three years.

2:59 PM

IndiGo to start direct flights to six destinations in Africa, Central Asia

The country's largest airline IndiGo will start direct flights to six new destinations in Africa and Central Asia, including to Nairobi, Tbilisi and Tashkent, this year. READ MORE

2:46 PM

Sebi lists new norms for high-risk FPIs: What it means for investments

Who is impacted; do the new rules better protect Indian companies from opportunistic takeover: questions answered. READ MORE

2:34 PM

Coal production up 7.10% YoY at 76.26 MT in May, dispatch rises 5.7% MoM

Domestic coal production was 7.10 per cent higher year-on-year at 76.26 million tonne (MT) in May. READ MORE

2:29 PM

BREAKING :: China weighs property market package

2:24 PM

Priciest real estate, backbone of digital world: What are carrier hotels?

Located mostly in key cities, the carrier hotels allow the companies to collect, process, and then route the data in one place. Here is all you need to know about them. READ MORE

2:23 PM

ALERT :: June sales to be impacted by chip shortage, says Maruti Suzuki

>> In an interview with CNBC TV18, Shashank Srivastava, senior executive officer, Marketing & Sales, Maruti Suzuki India, said sales for MSI grew better than industry in May.

>> Market share increased by 1% in May, now at 43% of overall market

>> June sales may be affected due to semiconductor unavailability for some of our models, passing on of rate hikes

>> Aim to reach market share of 45% in near-term, and 50% in medium-term

>> Focussing on SUVs to drive gains; aim to hit 25% market share for SUV market

>> Aim to be number 1 SUV seller by the end of this year.

2:12 PM

Aurum PropTech to fully acquire home rental platform NestAway for Rs 90 cr

Aurum PropTech on Friday said it will acquire up to 100 per cent stake in home rental platform NestAway Technologies for a cash consideration of up to Rs 90 crore. READ MORE

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2:02 PM

Mankind Pharma scales new high; rallies 11% in 3 days post Q4 earnings beat

With this, the stock of the pharmaceutical company - popular for its Manforce brand of condoms and Prega News pregnancy test kit - surpassed its previous high of Rs 1,439, touched on May 12, 2023. READ MORE

1:49 PM

ALERT:: M&M launches new compact light tractor under brand 'Swaraj Target'; stock up 1%

Mahindra & Mahindra (M&M) today announced the launch of a new Compact Light Weight Tractor range 'Swaraj Target'.

The new range from Swaraj is expected to set a new benchmark in the Compact Light Weight tractor category, for unmatched performance, first-in-class features, and state-of-the-art technology, the company said in a relase to the BSE.

1:36 PM

ALERT:: Bank of Baroda board okays Rs 5,000 cr fund raise; stock up 1%

The board of Bank of Baroda at its meeting held today approved raising of additional capital up to Rs 5,000 crore by way of Additional Tier I (AT I) or Tier II Debt Capital Instruments with an interchangeability option in India/overseas in FY24.

1:24 PM

Graphite India, HEG surge 10% on heavy volumes in subdued market

The steel industry's accelerating efforts to decarbonize will lead to an increased adoption of Electric Arc Furnace steel production, in turn driving sustainable demand growth for graphite electrodes. READ MORE