STOCK MARKET NEWS UPDATE


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Гео и язык канала
Индия, Английский
Категория
Экономика
Статистика
Фильтр публикаций


Mahindra emerges out to be the winner in terms of volume and revenue growth in Passenger vehicle segment.

While other listed car makers struggle to see single digit growth, Mahindra saw double digit growth.

Company name - Change in Volume - Change in Revenue

1. M&M - 22.5% - 22.2%
2. Tata - 2.1% - 5.4%
3. Maruti Suzuki - 1.4% - 4.1%
4. Hyundai - 0.7% - 1.2%
5. Toyota (Not listed) - 37.7% - 30.6%

(All growth numbers are in positive, comparison is 11 months of 2023 vs 2024)

Revenue and Volume in first 11 months of 2024

1. Mahindra - ₹74,868 crore, 4.87 lakh cars
2. Tata - ₹55,872 crore, 5.18 lakh cars
3. Maruti Suzuki - ₹1.35 lakh crore, 16.25 lakh cars
4. Hyundai - ₹65,190 crore, 5.63 lakh cars
5. Toyota - ₹57,083 crore, 2.72 lakh cars

Source - Jato Dynamics

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Much anticipated GST changes on Health & Term Life Insurance Get Deferred To Next GST Meet In January

Proposals By GoM Around GST On Insurance Haven't Aligned With What The Insurance Industry Wants!

What Has The GoM Proposed?
1) Exemption of GST on health insurance premium for senior citizens & sum assured up to Rs 5 lakh
2) Reduction of GST on health insurance premium for non-senior citizens
3) Exemption of GST on term life insurance premium

Both life & health insurance industry have been asking for Input Tax Credit (ITC) benefits which can only be sustainable at GST Of 12% On Both Health Insurance Term Life Insurance Premium

Insurance industry believes that GST exemption would take away ITC Benefits

Also, reduction of GST below 12% & the corresponding ITC would be unsustainable & would lead to premium hikes

FM Nirmala Sitharaman said that inputs from Insurance Regulator (IRDAI) are awaited around GST changes on health & term life insurance

All eyes would be on the inputs of IRDAI on GST changes on insurance and the next GST Council meet in January!

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STEEL AUTHORITY OF INDIA, JSW STEEL & JINDAL STEEL AND POWER:

THE INDIAN STEEL ASSOCIATION HAS FILED FOR A SAFEGUARD INVESTIGATION AND POTENTIAL SAFEGUARD DUTY ON IMPORTS OF "NON-ALLOY AND ALLOY STEEL FLAT PRODUCTS" DUE TO A SHARP INCREASE IN IMPORTS CAUSING SERIOUS INJURY TO DOMESTIC INDUSTRY

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NTPCGreen signs MoU with Department of Industries, Government of Bihar: Exchange filing

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Company: Interarch Buildi

Update Type: Press Release 📰

Summary: Interarch Building Projects predicts 50% growth in North India, notably Uttar Pradesh, for FY 25-26. Noteworthy projects with Hindustan Unilever, PepsiCo, and Yamaha are driving growth. A significant project involves a sustainable electric bus facility for Ashok Leyland

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GIFT NIFTY AROUND 200 PTS UP


Dow Jones Up 800 Point 🔥🔥




SURAKSHA DIAGNOSTIC Q2 Result

NET PROFIT UP 23 % AT 10.34 CR (YOY), UP 30% (QOQ)

REVENUE UP 11 % AT 66.75 CR (YOY) ,UP 10 % (QOQ)

EBITDA UP 11 % AT 13 CR (YOY),UP 23.19 %(QOQ)

MARGINS AT 34.72 % V 34.67% (YOY), 33.9 % (QOQ)

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PONDY OXIDE ; UPDATE ON QIP

CO. ALLOTS RS 175 CR WORTH SHARES TO QIBs AT RS 860/SHARE ( 4.55 % DISCOUNT TO FLOOR PRICE)

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#JustIn | #NSE announces exclusion 0f 16 securities from F&O effective Feb 28

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FIIs net sell ₹3,597.82 cr while DIIs net buy ₹1,374.37 cr in equities today (provisional)

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INTERARCH BUILDING

Interarch Building Products projects 50% growth in North India for FY 25-26, with Uttar Pradesh driving the expansion. The region is expected to contribute 30% to overall business.

CEO Manish Garg credits key projects with brands like Hindustan Unilever, PepsiCo, and Yamaha for this success.

CEO Mr. Garg is in Lucknow to oversee preparations for a major PEB structure at Ashok Leyland's facility in Uttar Pradesh.

The project, focused on electric bus production, highlights a key step in sustainable transportation.

Interarch is also undertaking significant capacity expansion at its Kichha plant to enhance its regional footprint.

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