Finshorts
TVS Motor reported a 17% rise in total sales to 4.14 lakh units in March, driven by a 77% surge in electric vehicle sales and strong exports. Domestic two-wheeler sales grew 14% to 2.98 lakh units, and exports jumped 23% to 1.13 lakh units. With a 13% annual growth in FY25, TVS continues its upward … Read more
Vodafone Idea surged 22% as the government’s stake will increase to 48.99% after converting Rs 36,950 crore spectrum dues into equity. This move eases cash flow pressure and could help the company secure fresh bank funding. With promoters retaining operational control, investors see this as a key government-backed lifeline. The stock hitting its upper circuit … Read more
Royal Enfield’s total sales surged 34% year-on-year to 1,01,021 units in March, with domestic sales rising 33% to 88,050 units. Exports grew 36% to 12,971 units. In the financial year 2024-25, the company crossed the 1 million sales milestone for the first time, posting 11% growth. Strong demand and global expansion, including new plants in … Read more
The Indian government will increase its stake in Vodafone Idea to 48.99% by converting Rs 36,950 crore of outstanding spectrum auction dues into equity. The company will issue 3,695 crore equity shares at Rs 10 each within 30 days. Despite the higher government stake, promoters will retain operational control. This move eases Vodafone Idea’s debt … Read more
The rupee appreciated 25 paise to close at 85.49 against the US dollar on Friday, marking its strongest monthly gain in over six years with a 2.17% rise in March. This surge was driven by robust foreign institutional investor (FII) inflows, with over Rs 32,000 crore pumped into the markets in six consecutive sessions. However, … Read more
Tata Motors’ subsidiary, TATA.ev, introduced its electric vehicle range in Mauritius by partnering with Allied Motors, the country’s top automobile distributor. Models like Tiago.ev, Punch.ev, and Nexon.ev will now be available in Mauritius. This expansion aligns with the nation’s push for sustainable mobility and strengthens Tata’s international EV presence, which could boost its future growth … Read more
BSE shares surged 18% to ₹5,519 after the Securities and Exchange Board of India (SEBI) proposed standardizing the expiry of all equity derivatives contracts across exchanges to Tuesdays or Thursdays. This move aims to streamline trading and avoid first or last-day expiries. Meanwhile, the National Stock Exchange (NSE) deferred its plan to shift index and … Read more
The rupee weakened by 8 paise to close at 85.77 against the US dollar due to month-end dollar demand from importers and the greenback’s recovery. The US dollar strengthened after President Donald Trump announced a 25% tariff on auto imports from April. Rising crude oil prices and liquidity concerns also pressured the rupee. However, strong … Read more
Auto stocks declined after US President Donald Trump announced a 25% tariff on auto imports from April. Tata Motors fell 6.58% to ₹661.35, while Ashok Leyland, Mahindra & Mahindra, and Bajaj Auto also dropped. Auto component makers like Samvardhana Motherson International and Sona BLW Precision Forgings slumped over 6%. The tariff will hurt Tata Motors, … Read more
IndusInd Bank shares dropped over 5% to ₹635.15 after reports that external auditor PwC would submit its report on Friday regarding accounting discrepancies in the bank’s derivatives portfolio. The ₹2,100 crore lapse could impact 2.35% of the bank’s net worth. The Reserve Bank of India has directed the bank to take corrective action this quarter. … Read more