Ashok Leyland shares fell as much as 4.6% on Thursday to Rs 205.05 on the BSE after the commercial vehicle manufacturer revealed intentions to suspend production at its UK electric bus affiliate, Switch Mobility, due to increasing losses. Additionally, one of its proprietors, Hinduja Automotive, pledged about 30% of its interests, valued at more than…
Automakers were pounded Thursday, and stock markets sank on both sides of the Atlantic, as US President Donald Trump slapped punitive tariffs on imported automobiles and parts, as he pursues hardball trade tactics that many worry may ignite a recession. On Wall Street, the Dow, the tech-heavy Nasdaq, and the broader-based S&P 500 were all…
Tata Motors shares plummeted almost 6% in early trading on Thursday after US President Donald Trump slapped a 25% levy on all automobile imports to the US. At 9:55 a.m., the stock was trading 5.26% down at Rs 670.70 on the Bombay Stock Exchange. The reduction was consistent with the overall car sector in India,…
Adani Group stocks are expected to be in focus on Wednesday, March 27, after news of the group’s strong interest in Jaiprakash Associates Ltd (JAL) throughout the bankruptcy proceedings. According to a previous ET story, Jaypee Group’s main firm, JAL, which operates in the cement, power, hotel, construction, and real estate industries, has been admitted…
Reliance Industries has temporarily ceased purchasing oil from Venezuela after US President Donald Trump imposed a 25% tax on countries that import crude from South American countries. Existing Shipment to be delivered: India’s largest private refinery is slated to receive a supply of Merey crude from Venezuela. However, subsequent transactions have been halted, according to…
The Bank of Japan must raise interest rates if continuous increases in food prices lead to broad-based inflation, Governor Kazuo Ueda said on Wednesday, signaling the bank’s determination to wean the economy off monetary stimulus. Ueda stated that Japan’s recent “very high” inflation was caused mainly by temporary factors such as rising import costs and…
After a sluggish performance in recent months, jewelry stocks are back in the spotlight. Concerns about rising gold prices had dampened optimism, but the sector has rebounded sharply over the last week, with key equities jumping up to 20%. Companies are confident about the March quarter, with strong gold prices projected to boost revenue despite…
FPIs are returning to the Indian stock market following months of withdrawals. 5 important causes for the shift in trend After withdrawing billions of dollars from Indian markets through exchanges, foreign investors changed their perspective on the world’s fifth-largest market in March, decreasing their selling rate and becoming net purchasers. This allowed the Indian stock…
Shares of UCO Bank, Central Bank of India, and Punjab & Sind Bank were all in the limelight on Tuesday after they announced plans to raise capital through a Qualified Institutional Placement (QIP). Punjab & Sind Bank shares rose 13.25% to ₹50.49, while UCO Bank shares fell 2.43% to ₹37.31. Central Bank of India shares…
Ola Electric’s share price increased 4% in Tuesday trading after the EV-focused company announced that Rosmerta Group had submitted documents to withdraw the petitions it had filed with the National Company Law Tribunal in Bengaluru, following an amicable settlement of all outstanding payments between its wholly owned subsidiary, Ola Electric Technologies Private Limited, and Rosmerta…