#Indiancompanies

“Insider trading?” Netizens wonder as Bajaj Auto registers record sales in October despite Rajiv Bajaj’s fear-mongering about economic slump

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As India prepares for the festive season and the economy gradually unshackles itself from the coronavirus-induced lockdown, several sectors of the economy have registered impressive revival. One of them being the automobile sector. After Hyundai, Maruti Suzuki and Hero Motocorp, now the Bajaj Auto has recorded highest ever monthly sales in the last month. Bajaj … Read more

Union Government approves Rs 1.46 lakh crore PLI scheme for 10 key sectors with the aim of transforming India into a manufacturing hub

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In a big boost to Atmanirbhar Bharat campaign, the Union Cabinet chaired by the PM Narendra Modi today gave its approval to introduce the Production-Linked Incentive (PLI) Scheme in 10 key sectors for enhancing India’s manufacturing capabilities and enhancing exports. “The policy that we are taking in the PLI, through which we want the manufacturers to come into India, … Read more

Nifty touches an all-time high as PM Modi predicts historic win for BJP alliance

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After Prime Minister Narendra Modi predicted a historic win for the BJP in the upcoming election and forecasted record highs for the stock markets on June 4, the benchmark Nifty index crossed the 22,800 mark for the first time during Thursday’s session. The Nifty index reached a new high of 22,852, while the Sensex surged … Read more

Adani announces deal with Flipkart for new data centre and logistics facility, ‘Ambani-Adani’ social media warriors now want to boycott Flipkart

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The Adani Group and Indian e-commerce major Flipkart on Monday announced that they have entered into a strategic and commercial partnership. As per reports, Flipkart will work with Adani Logistics Limited to strengthen its supply infrastructure enhance its customer serving capacities. Adani Group’s chairman Gautam Adani announced on Twitter that in the two-prong partnership, AdaniConneX will … Read more

Kitex Garments Ltd stock surges in the last five days after the company announced its exit from Communist-ruled Kerala: Read details

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Kerala-based Kitex Garments Ltd. shares have gained nearly 25% in the last five days after the textile company decided to quit Communist-ruled Kerala over increasing harassment by the Pinarayi Vijayan-led government Earlier this month, the largest private-sector employer in Kerala – Kitex Group had announced their decision not to go forward with the Rs.3,500 crore investment project … Read more

India’s manufacturing sector sees the strongest rate of growth in July in recent months: IHS Markit survey

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As per the IHS’s recently released monthly Survey, India’s manufacturing sector witnessed the strongest growth in the manufacturing sector in July in the last three months.  Asserting the strongest growth rate, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 48.1 in June to 55.3 in July. It is imperative to note that … Read more

PepsiCo India sets up its largest greenfield food plant in Mathura in Uttar Pradesh, a year after wrapping up business in Kerala

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PepsiCo India has chosen Uttar Pradesh to set up its largest greenfield foods plant to manufacture potato chips. UP CM Yogi Adityanath on Wednesday (September 15) inaugurated the leading global food and beverage company’s largest greenfield foods plant worth Rs 814 crore in Kosi Kalan in Mathura. It may be noted that the company had taken an exit route … Read more