Stocks in news: Oriental Carbon, Maruti Suzuki, IndiGo, Texmaco Rail, Wipro
CreditAccess Grameen received $100 million multi-currency syndicated social loan facility, qualifies as an ECB under the automatic route of the Reserve Bank of India (RBI).
Synopsis Oriental Carbon saw Bank of America buying shares. Maruti Suzuki is adjusting its e VITARA production. IndiGo is launching flights to Almaty, Tashkent, and Tbilisi. IIFL Finance plans to raise funds through debentures. Texmaco Rail secured an order from Mumbai Railway Vikas Corporation. Wipro extended its partnership with Metro AG. Kaynes Technology's subsidiary made an asset purchase agreement. Markets traded in a lackluster manner and ended almost unchanged on Tuesday, taking a breather after the recent surge. In today's trade, shares of Oriental Carbon, Maruti Suzuki, IndiGo, Texmaco Rail, Wipro among others will be in focus due to various news developments.
ADVERTISEMENT Oriental Carbon
Bank of America (BofA) bought 53,428 shares in microcap counter Oriental Carbon & Chemicals on Monday via block deal.
Maruti Suzuki
The country's largest carmaker Maruti Suzuki India is recalibrating production of its upcoming model e VITARA due to the shortage of rare earth magnets.
IndiGo
Domestic carrier IndiGo said it is set to enhance its international capacity to Central Asia with the launch of direct flights to three key destinations -- Almaty (Kazakhstan), Tashkent (Uzbekistan), and Tbilisi (Georgia).
IIFL Finance
IIFL Finance is set to raise up to Rs 600 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis.
ADVERTISEMENT Texmaco Rail
Engineering major Texmaco Rail and Engineering said it has received an order worth Rs 44.04 crore from Mumbai Railway Vikas Corporation.Wipro
IT services company Wipro announced the extension of its partnership with Metro AG (Metro), an international food wholesaler, for an additional two years.
ADVERTISEMENT Kaynes Technology
Semiconductor manufacturing company Kaynes Technology said its wholly-owned subsidiary, Kaynes Semicon, has entered into an asset purchase agreement with Fujitsu General Electronics Limited, Japan.
Max Financial
Max Financial appointed Sumit Madan as MD and CEO of Axis Max Life for a term of 5 years effective from October 1.
ADVERTISEMENT CreditAccess Grameen
CreditAccess Grameen received $100 million multi-currency syndicated social loan facility, qualifies as an ECB under the automatic route of the Reserve Bank of India (RBI).
(You can now subscribe to our ETMarkets WhatsApp channel)
Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share
Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained
Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms
Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips
L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first?
Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more
SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders
API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading
Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains
Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains
NEXT STORY
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
38 minutes ago
- Time of India
Lord Jagannath windfall for buses on Digha route
Kolkata: There is a rush to visit the Lord Jagannath Temple in Digha, and the North Bengal State Transport Corporation (NBSTC) is enjoying every bit of it. The NBSTC claimed to have sold tickets worth around Rs 20 lakh in its first three weeks of introducing Volvo buses plying from six destinations in north Bengal and Malda to Digha via Kolkata. The service was inaugurated on May 28 by chief minister Mamata Banerjee. From then until June 11, there were 22 bus trips from Cooch Behar, Alipurduar, Jalpaiguri, Siliguri, Raiganj, and Malda. A total of 2,598 passengers boarded the Volvo buses, said NBSTC. "The Kolkata-Digha route is running at full capacity till Rath Yatra. Siliguri-Kolkata route also shows nearly full bookings. We found that NBSTC managed a profit of over Rs 3 lakh," said Dipankar Piplai, managing director, NBSTC. "We are planning ahead for the pujas and will offer discounts. But it will vary from week to week," said Piplai. The senior officers of NBSTC agreed that the success is largely due to tourists wishing to visit the new temple. "There is just one direct train to Digha from north Bengal. Since the hills began to witness the rain earlier than usual — and the state is gearing up for the first-ever Ratha Yatra from the new temple — it seems Digha is now the most preferred destination," said an official. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Pulakesh Majumdar from Siliguri said, "I booked tickets for my family last weekend. I found the journey to Digha smooth. On our way back, we are taking the Volvo bus from Kolkata again this Saturday," said Majumdar. "The temple has transformed Digha's tourism landscape," said Sunil Kumar Das, a transporter from Digha, adding, "the NBSTC's timing in launching these services couldn't have been better." Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Time of India
an hour ago
- Time of India
Karnataka demands its fund devolution share raised to 50%
Bengaluru: Chief minister Siddaramaiah on Friday presented before the 16th Finance Commission the demand of Karnataka to increase the state's share in the devolution of funds to 50% and increase the share of taxes collected to 60% for states. In his additional memorandum, Siddaramaiah also demanded Rs 1.1 lakh crore for strengthening Bengaluru's infrastructure. Speaking to the media after his hour-long meeting with the chairman and members of the commission, Siddaramaiah said the govt placed before the commission its primary demand of having a rational division in tax devolution and tax sharing. "Karnataka contributes, as of the 2024-25 fiscal, as much as Rs 4.5 lakh crore annually. But what comes back to the state is 15 paise on every 1 rupee of tax collected. This is unfair. We have urged the commission to have a rational approach in tax devolution and tax sharing," the CM said. Siddaramaiah said Karnataka lost Rs 68,275 crore between the 14th and 15th Finance Commission allocations which went down from 4.7% to 3.6% in the last five years. The state also lost another Rs 8,084 crore via cess and surcharge. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo "As a result, we have asked the commission to increase the state's share in devolution and also in tax collection, apart from including non-tax revenue in the devolution share," he said. Karnataka demanded that the cess and surcharges - which are not shared with states – be capped at 5% of the taxes. "And if it crosses 5%, then the union govt must share it with the states," he said. In Karnataka's memorandum, Siddaramaiah asked for a change in the formula of the income-distance criterion by 20% and to reallocate the same towards a state's economic contribution, so that high-performing states are not penalised but encouraged. The CM also asked the commission to reconsider the flawed design of revenue deficit grants and the unpredictable nature of state-specific grants. "While Kerala was provided Rs 38,000 crore over the last five years to cover its revenue deficit budget, Karnataka, despite having a deficit revenue budget over the last two years, has not been given a single rupee," he claimed. Meanwhile, reiterating the demand for grants for Bengaluru and other critical projects under discretionary special grants, Siddaramaiah has sought Rs 1.1 lakh crore investment to strengthen the city's infrastructure. He has said the city plays a major role in Karnataka's economy. Siddaramaiah also urged the commission to consider the need for additional funds for the state, specifically for Malnad, Kalyana Karnataka, and coastal Karnataka, which face natural disasters every year. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Time of India
an hour ago
- Time of India
Soaring temp hits milk production, prices go up by Rs 2/litre
Indore: The soaring temperatures in Indore have taken a toll on milk production, resulting in a significant decrease in loose milk collections by approximately 1 lakh litre, according to the association of loose milk suppliers. The reduction in milk collection has come at a time when the demand for summer beverages such as lassi and curd remains sharply on the rise. Local weather reports indicate that temperatures in Indore surged by 8 degrees over the past ten days, contributing to the challenges faced by milk producers. According to Indore Dudgh Vikreta Sangh, which supplies milk door-to-door twice daily, the daily milk collection dropped to around 11-11.5 lakh litre, reflecting a concerning decline of about 1 lakh litre in a short span. Bharat Mathurawala, president of Indore Dudgh Vikreta Sangh said, "We are left with no surplus because production declined and demand is high. During the summer months, the demand for lassi, curd and other milk by-products increases significantly, but the supply is unable to keep pace. " The situation not only affects consumers looking for their favourite dairy products but also places an added strain on local dairy farmers. In light of the rising costs associated with decreased production and the growing demand, the Indore Dudgh Vikreta Sangh announced a price increase of Rs 2 per litre for milk, effective from March 1, 2025. Mathurawala said the high cost of rearing and diminishing margins is adversely affecting dairy farmers in the state. "There is not much growth in milk production in the past years and on top of that, in summers, the situation becomes more demanding due to the climatic effect that takes a toll on the milk production," said Mathurawala. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
