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Indian EV Market projected to grow at over 40 pc CAGR till 2027 The Indian Electric Vehicle (EV) market is expected to grow in the range of 35-40 per cent CAGR till the year 2027, according to a report on Wednesday.  The report by Niveshaay, which manages the Green Energy smallcase (a portfolio of stocks, which will benefit from the renewable energy sector development), showed that EV sales volume in India could touch around 3-4 million units by 2025, and 10 million by 2030. Currently, the Indian EV market is concentrated on the two and three-w...
Indian EV Market projected to grow at over 40 pc CAGR till 2027
Indian EV Market projected to grow at over 40 pc CAGR till 2027
Source: IANS
2024-09-11 05:40:24 pm
Crompton Greaves jumps on completing LED street lighting project in Bengaluru Crompton Greaves Consumer Electricals is currently trading at Rs. 475.70, up by 10.55 points or 2.27% from its previous closing of Rs. 465.15 on the BSE. The scrip opened at Rs. 466.50 and has touched a high and low of Rs. 476.70 and Rs. 465.85 respectively. So far 23530 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 483.65 on 02-Sep-2024 and a 52 week low of Rs. 262.10 on 22-Mar-2024. Last one week high and lo...
Crompton Greaves jumps on completing LED street lighting project in Bengaluru
Crompton Greaves jumps on completing LED street lighting project in Bengaluru
Source: Accord Fintech
2024-09-03 11:42:57 am
More foreign firms enlist to invest in India as infra projects fuel growth  More large foreign manufacturers of heavy machinery used in the infrastructure sector figure in the list of more than 15,000 companies that have registered to set up units in the country during June, according to data compiled by the ministry of corporate affairs.   Senior officials see this as the outcome of the increasing demand for such machinery as the government is making massive investments in highways, ports, airports and railway projects. It also reflects the success ...
More foreign firms enlist to invest in India as infra projects fuel growth
More foreign firms enlist to invest in India as infra projects fuel growth
Source: IANS
2024-07-06 01:48:59 pm
SBI raises Rs 10,00 crore via infrastructure bonds The country’s biggest lender State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.36 per cent that is payable annually.  The proceeds of the bonds will be utilised in enhancing long-term resources for funding infrastructure projects such as highways and power plants and affordable housing segments, the SBI said. The issue attracted an overwhelming response from investors and was oversubscribed by around four times aga...
SBI raises Rs 10,00 crore via infrastructure bonds
SBI raises Rs 10,00 crore via infrastructure bonds
Source: IANS
2024-06-27 10:33:03 am
Indian Auto Retail sector achieves modest 2.61% YoY growth in May: FADA Federation of Automobile Dealers Association (FADA) has stated that the Indian Auto Retail sector achieved a modest 2.61% year-on-year (YoY) growth in May 2024. Sales of two-wheeler (2W) increased 2.5% YoY, three-wheeler (3W) rose 20% and commercial vehicle (CV) segment grew 4%, while passenger vehicles (PV) and tractor segment both saw a contraction of 1% each YoY. It noted that the two-wheeler segment grew by 2.5% YoY but declined by 6.6% MoM. Dealers reported supply constraints, lack of OE...
Indian Auto Retail sector achieves modest 2.61% YoY growth in May: FADA
Indian Auto Retail sector achieves modest 2.61% YoY growth in May: FADA
Source: Accord Fintech
2024-06-10 11:45:57 am
India`s FY24 fiscal deficit lower than full-year target India's fiscal deficit for the financial year ended March 31 was lower than its full-year target of 5.8% of the gross domestic product due to a small cut in expenditure, government data showed on Friday. The fiscal deficit came in at 16.54 trillion rupees ($198.34 billion), or 95.3% of the estimate, even as the government continued its record infrastructure spending to boost the economy. The Indian economy grew 8.2% in 2023/24, GDP data released on Friday showed. India's fiscal ...
India`s FY24 fiscal deficit lower than full-year target
India`s FY24 fiscal deficit lower than full-year target
Source: Reuters
2024-05-31 06:05:43 pm
India to add 13,000 km of new highways in 2024-25: ICRA report India is expected to maintain its rapid pace of road construction with the addition of up to 13,000 kilometres in the financial year 2024-25, an increase of 5 to 8 per cent over the previous year, according to a report released by rating agency ICRA on Tuesday. “The pace of execution in this fiscal will be supported by a healthy pipeline of projects at above 45,000 km as of March 2024, increased capital outlay by the government and focus on completion of projects by the Ministry of R...
India to add 13,000 km of new highways in 2024-25: ICRA report
India to add 13,000 km of new highways in 2024-25: ICRA report
Source: IANS
2024-04-17 09:50:54 am
India`s December infrastructure output up 3.8% on year India's infrastructure output in December rose 3.8% year on year with growth in all sectors but crude oil, government data showed on Wednesday. Infrastructure output, which comprises eight sectors including coal and electricity, accounts for nearly 40% of industrial production. Electricity generation grew 0.6% in the month, coal production rose 10.6% and the steel sector expanded 5.9%, the figures showed. Cement output increased 1.3% in December but crude oil production fell 1%. ...
India`s December infrastructure output up 3.8% on year
India`s December infrastructure output up 3.8% on year
Source: Reuters
2024-01-31 05:47:59 pm
GMR Power gains as its step-down arm gets LOA from Dakshinanchal Vidyut Vitran Nigam GMR Power and Urban Infra is currently trading at Rs. 35.09, up by 1.82 points or 5.47% from its previous closing of Rs. 33.27 on the BSE.The scrip opened at Rs. 34.01 and has touched a high and low of Rs. 35.55 and Rs. 34.01 respectively. So far 28054 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 39.20 on 06-Sep-2023 and a 52 week low of Rs. 14.32 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. 37.90 and Rs...
GMR Power gains as its step-down arm gets LOA from Dakshinanchal Vidyut Vitran Nigam
GMR Power gains as its step-down arm gets LOA from Dakshinanchal Vidyut Vitran Nigam
Source: Accord Fintech
2023-09-13 09:53:38am