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TVS Motors Records Impressive 25% Sales Growth in April 2024

01 May 2024 18:19 PM IST

In April 2024, TVS Motor Company saw a significant rise in sales, with numbers jumping from 306,224 units last year to 383,615 units this year, marking a 25% increase. This growth was especially noticeable in the two-wheeler category, where sales surged from 294,786 units in April 2023 to 374,592 units

April 2024 Witnesses Highest-Ever GST Collection of Rs 2.1 Lakh Crore

01 May 2024 13:19 PM IST

Gross Goods and Services Tax (GST) collections soared to a record high of Rs 2.10 lakh crore in April, marking a remarkable 12.4 per cent year-on-year growth, as per a Ministry of Finance statement. The notable growth was driven by a strong increase in both domestic transactions, up by 13.4

Godrej family divides conglomerate after 127 Years

01 May 2024 12:58 PM IST

The 127-year-old Godrej family has recently announced the conglomerate split. Paving the way for two different companies- Godrej Enterprises and Godrej Industries. As announced by both sides of the family, the realignment of the Godrej group, which was decided in 1987, has been carried out respectfully and mindfully to maintain

IMF Forecasts Strong Growth for India, Raises FY24 Outlook to 7.8%

01 May 2024 12:50 PM IST

The International Monetary Fund (IMF) has projected that India’s economy will grow by 6.8% in the current fiscal year, driven primarily by public investment. Krishna Srinivasan, Director of the Asia and Pacific Department at the IMF, stated, “In China and India, we expect investment to contribute disproportionately to growth—much of

Foreign Portfolio Investors Turn Net Sellers In Indian Stocks This April

01 May 2024 11:43 AM IST

Foreign portfolio investors (FPIs) have turned net sellers in Indian stocks in April, after remaining net buyers in the two preceding months, as the ongoing geopolitical crisis in the Middle East coupled with strength US bond yield likely pushed investors to take money off their portfolios. Foreign portfolio investors (FPIs),

Stock Market To Be Close Today For Maharashtra Day

01 May 2024 08:46 AM IST

In commemoration of Maharashtra Day, stock exchanges are scheduled to close on Wednesday. Regular trading is scheduled to return on Thursday. May 20, the day of the general elections, is set aside for the following market holiday. The US stock market was doing well yesterday, but investor confidence improved because

Indigo Gear up for Expansion : Airbus A350-900 Deliveries Set for 2027

30 Apr 2024 20:03 PM IST

IndiGo, one of India’s leading airlines, is gearing up for a significant expansion with the announcement of the commencement of deliveries for Airbus A350-900 aircraft in 2027. Pieter Elbers, the CEO of IndiGo, revealed this exciting development as part of the airline’s strategic growth plans. IndiGo CEO Pieter Elbers announces,

Tesla CEO Elon Musk Cuts Execs, Plans More Layoffs Amid Sales Drop

30 Apr 2024 16:47 PM IST

According to a report from Reuters, citing The Information, Tesla’s CEO Elon Musk isn’t happy about the company’s sales dropping and how quickly they’re cutting jobs. So, he’s fired two top executives and is planning to let go of even more people. The report talks about an email from Musk

Domino’s Stock Rises 8% Following Quarterly Sales and Profit : How?

30 Apr 2024 13:22 PM IST

Domino’s Pizza exceeded expectations in the first quarter of 2024, reporting strong sales and profit figures. This success was driven in part by increased engagement from consumers in the United States who took advantage of the company’s loyalty program offers. Market Response and Share Performance Investors responded positively to Domino’s

HSBC Group Chief Executive Noel Quinn Announces Retirement

30 Apr 2024 13:06 PM IST

HSBC Group Chief Executive Noel Quinn has announced his retirement from the bank after nearly five years in the role, according to a statement from the London-headquartered banking giant on Tuesday. The statement mentioned that Quinn has delivered record profits and the strongest returns in over a decade. It also

Gujarat Coconut Growers Seek Government Support for Business Expansion Post Lok Sabha Elections

30 Apr 2024 12:39 PM IST

Coconut growers in Gujarat are seeking post-Lok Sabha election governmental support to expand their businesses and contribute to the state’s agricultural sector. With a long history of coconut cultivation in the region, farmers are eager to meet the increasing demand for coconut products both locally and internationally. Recognizing the potential

ONDC Seeks Amazon, Flipkart Collaboration for Expansion: Government-Backed Network Seeks E-commerce Collaboration

29 Apr 2024 18:42 PM IST

Initially devised to challenge the dominant market positions of Amazon and Flipkart, ONDC was put into effect. The Indian government is expected to expand ONDC, the Open Network for Digital Commerce, by integrating it into the platforms of Amazon and Flipkart. This integration will involve featuring ONDC stores on the