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Ashok Leyland shares plunge over 3% as sales drop in October
04 Nov

Ashok Leyland shares plunge over 3% as sales drop in October

Priyanka RoyBusiness, News
Ashok Leyland shares fell over 3 per cent on November 4 after it reported a marginal decline in October sales.As of 11:10 am, the stock was trading 2 per cent lower at Rs 204. Though it has gained 10 per cent so far this year, in line with the performance of the Nifty 50, Ashok Leyland has posted monthly losses from August to October.The company reported total vehicle sales of 15,310 units in October 2024, a decline of 9 per cent as compared to 16,864 units in October 2023. Domestic sales declined 11 per cent to 14,067 units as compared…
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02 Nov

TVS Motor total sales upgrade 13% in October 2024

Priyanka RoyBusiness, News
The two-wheeler manufacturer's total sales grew 13% to 489,015 units in October 2024, as against 434,714 units sold in October 2023.Total two-wheeler sales registered a growth of 14%, growing from 420,610 units in October 2023 to 478,159 units in October 2024.Domestic two-wheeler sales stood at 390,489 units in October 2024, up 13% from 344,957 units sold in October 2023.Motorcycle sales stood at 230,822 units in October 2024, registering a growth of 14% as compared to 201,965 units in October 2023. Scooters registered a growth of 17%, with sales increasing from 165,135 units in October 2023 to 193,439 units in October…
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Oil prices increase on reports of OPEC+ delaying plans to increase production
30 Oct

Oil prices increase on reports of OPEC+ delaying plans to increase production

Priyanka RoyBusiness, News
Oil prices rose more than 2 percent on Wednesday after Reuters reported that OPEC+ may delay oil production increases scheduled to be implemented in December by a month or more due to concerns about low oil demand and rising supplies.Brent crude futures rose $1.41, or 2 percent, to $72.53 a barrel by 1236 GMT. US West Texas Intermediate crude futures rose $1.34, or 2 percent, to $68.55 a barrel.OPEC+, a group of the Organization of Petroleum Exporting Countries and allies such as Russia, is due to raise output by 180,000 barrels a day in December. The group has cut output…
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SpiceJet launches 32 new flights for winter schedule, shares grew up over 3%
29 Oct

SpiceJet launches 32 new flights for winter schedule, shares grew up over 3%

Priyanka RoyBusiness, News
Shares of low-cost carrier SpiceJet Ltd rose over 3% on October 28 after it announced 32 new flights for the winter schedule starting October 27 to expand domestic and international connectivity."With 30 of these flights operating in the domestic sector and 2 connecting Delhi to Phuket with a daily non-stop service, SpiceJet aims to enhance connectivity and offer more choices to travellers.The winter schedule will include exciting new routes, including four new flights from Mumbai to Patna, Gorakhpur, Varanasi and Goa," SpiceJet said that in a stock exchange filing.The airline said that it will connect Patna to Ahmedabad, Guwahati, Kolkata…
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Gold prices drop 0.48% a day ahead of Dhanteras, US dollar rally and macro data contributed to the fall
28 Oct

Gold prices drop 0.48% a day ahead of Dhanteras, US dollar rally and macro data contributed to the fall

Priyanka RoyBusiness, News
According to MCX data, spot gold prices fell 0.48% to ₹77,622.00 per 10 gram around 10 am on Monday, October 28, 2024. This has happened after prices have been steadily rising for most parts of the year. Meanwhile, gold futures prices for December 05, 2024 on MCX fell 0.42% or ₹332 to ₹78,200. Meanwhile, gold futures prices for December 05, 2024 on MCX fell 0.42% or ₹332 to ₹78,200. Gold prices rose throughout the year due to several factors, including geopolitical tensions such as the Russia-Ukraine war and the Israel-Gaza conflict. According to the report, another reason was the decision…
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L&T shares downgrade 2%; UBS downgrades rating to ‘neutral’ citing near-term headwinds
26 Oct

L&T shares downgrade 2%; UBS downgrades rating to ‘neutral’ citing near-term headwinds

Priyanka RoyBusiness, News
Shares of Larsen & Toubro (also known as L&T) had a weak opening on October 25. It fell 2 per cent to Rs 3,378 after UBS downgraded the stock to 'neutral' and cut its target price in view of several challenges in the upcoming quarters.The brokerage has highlighted an upside potential of 16 per cent from the last closing price of Rs 3,443 with a target price of Rs 4,000. The previous target price given by the brokerage was Rs 4,400. L&T shares have declined 11 per cent in the last month.The international broking firm suggests that although core earnings…
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Crude oil futures gain on spot demand – PTI
25 Oct

Crude oil futures gain on spot demand – PTI

Priyanka RoyBusiness, News
New Delhi, Oct 24 (PTI) Crude oil prices on Thursday rose by Rs 68 to Rs 6,044 per barrel in futures trade as participants widened their bets following strong spot demand.On the Multi Commodity Exchange, crude oil for November delivery expansion by Rs 68, or 1.14 per cent, to Rs 6,044 per barrel in a business turnover of 13,571 lots.Analysts said crude oil prices rose in futures trade as participants increased their deals.Globally, West Texas Intermediate crude price in New York was trading at $71.79 per barrel, down 1.44 per cent, while Brent crude price was at $75.92 per barrel,…
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NMDC shares inflation 5% after second hike in price of lump ore and fines in October
24 Oct

NMDC shares inflation 5% after second hike in price of lump ore and fines in October

Priyanka RoyBusiness, News
Shares of public sector company NMDC or National Mineral Development Corporation witnessed a surge on October 23 after the company announced a hike in the price of its lump ore and fines, which was the second price hike by the company in October.NMDC has raised the price of lump ore by Rs 600 to Rs 6,350 per tonne, while that of fines by Rs 400 to Rs 5,410 per tonne, the company said in a regulatory filing on October 22.These latest hikes have pushed NMDC's lump ore and fines prices to their highest since May. Interestingly, NMDC's price adjustments come…
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Onion prices upgrade ahead of Diwali due to heavy rains and supply problems
23 Oct

Onion prices upgrade ahead of Diwali due to heavy rains and supply problems

Priyanka RoyBusiness, News
The price of onion in retail markets is currently between Rs 60-80 per kg and is expected to remain high till Diwali. The surge in onion prices is mainly due to heavy rains in major onion producing states like Maharashtra, Karnataka, Telangana and Andhra Pradesh, which have damaged crops and disrupted supplies.As a result, prices of onions, tomatoes and edible oils contributed to September inflation reaching a nine-month high, and food inflation is expected to remain elevated in October, according to a report by The Economic Times.Onion prices at Lasalgaon wholesale market in Nashik have been fluctuating between Rs 45-50…
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Ola Electric shares jump 4%, 99% customer complaints resolved before deadline
22 Oct

Ola Electric shares jump 4%, 99% customer complaints resolved before deadline

Priyanka RoyBusiness, News
Shares of Ola Electric Mobility made a strong debut on the stock market and rose 4 per cent to Rs 85.3 on October 22. This after the company announced that it has resolved about 99.1 percent of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA).In a document filed with the stock exchange, the company highlighted its robust complaint redressal system, with CFO Harish Abichandani saying, "10,644 complaints received from CCPA were resolved to the complete satisfaction of the customers."The announcement comes just ahead of the CCPA's October 22 deadline. On October 7, the agency issued a show-cause…
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