The US Federal Reserve kept its benchmark interest rates steady at 5.25- 5.50% in its June 12, 2024 meeting. Earlier last week, the US May jobs report came unexpectedly strong adding 2,72,000 jobs. Gross Domestic Product (GDP) growth rate for the US economy at 1.3% in Q12024, slowed down from 3.4% in Q42023 due to […]
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Eicher Motors motorcycle wholesale volumes (71,010 units) fell 8% YoY in May 2024. Motorcycle volume sales in upto 350cc capacity category fell 13% YoY, constituting 84% of total volumes. Above 350 cc capacity category volume sales jumped 32% YoY in May 2024. Eicher Motors, maker of iconic Royal Enfield motorcycles launched Shotgun 650, Super Meteor […]
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Trent stock price has trebled over the past one year, currently, at Rs 4,500 levels. The company operates through a portfolio of retail concepts, Westside, Zudio and Trent Hypermarket (Star grocery stores). Westside, Trent’s flagship format offers apparel, footwear and accessories for men, women and children, along with furnishings, decor and a range of home […]
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S&P BSE Sensex jumped 1.6% on May 23, 2024 driven by RBI’s highest ever dividend transfer to the Central Government. The Reserve Bank of India (RBI) in its 608th meeting of its Central Board of Directors approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. While […]
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The shift of the auspicious Navratri to April instead of March last year led to strong growth in the auto retail sector in April 2024. The 2-wheeler segment with 33% YoY retail volume sales growth was the major contributor to overall retail auto growth. The 2-wheeler segment contributed 74% to total auto retail mix in […]
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RBI Monetary Policy Committee is scheduled to meet on 5-7 June 2024. The European Central Bank (ECB) meeting is scheduled to meet on June 6. Both Central Banks will decide whether to hold interest rates or start their interest rate cut exercise before the US Federal Reserve bites the bullet. Both India and the European […]
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Bajaj Pulsar is a Rs 9,000 crore brand. Even after more than two decades, Pulsar mania is still gaining strength every year. Bajaj Auto is launching six new models in H1FY25 and its biggest Pulsar NS400Z was launched recently on May 3rd. Apart from Triumph Twins and Dominar 400 giving competition to Eicher Motors in […]
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ICICI bank stock price made a new 52-week high at Rs 1,160 on April 29, 2024. Stable net interest margin at 4.4%, robust deposit growth of 19.6% YoY and improved Gross and Net non-performing assets at 2.16% and 0.42% respectively drove the stock price to a new 52-week high. Investors were also enthused with strong […]
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A whiplash from Reserve Bank of India (RBI) led to a 10% fall in Kotak Mahindra Bank stock price. The Central Bank issued a press release dated April 24, 2024 directing Kotak Mahindra Bank “to cease and desist, with immediate effect, from onboarding of new customers through its online and mobile banking channels and issuing […]
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Tata Consultancy Services (TCS) maintained its resilient performance in March Quarter 2024. The IT bell-weather reported stable revenue and profitability numbers and 12-quarter high operating margins. Revenues came in at Rs 61,237 crore in Q4FY24 compared to Rs 59,162 crore, same period previous year, a rise of 3.5% YoY. Close peers Infosys and Wipro reported […]
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