Safari Industries commenced additional commercial production at its factory at HalolSafari Industries has successfully commenced its additional commercial production/manufacturing of luggage from January 9, 2023 at its factory situated at Halol, Gujarat. With this addition, the effective production capacity of the Company has increased from 2,50,000 pieces per month to 3,00,000 pieces per month. The total production capacity of the Group viz. Safari Industries (India) Limited along with its subsidiary Safari Manufacturing Limited has reached to 5,25,000 pieces per month.
Morgan Stanley On Tata Motors
-Overweight rating, target at Rs 502 per share
-JLR to generate GBP400 mn + free cash flow in Q3
-High interest rate environment is a risk to global PV demand,
-Given low starting point of JLR vols, depressed EBIT margin maintain positive view
Tata Motors was quoting at Rs 411.45, up Rs 22.05, or 5.66 percent on the BSE.
Poll | December CPI inflation seen little changed at 5.9%, October IIP growth may rebound to 3%
The govt will release both retail inflation data for December and industrial production data for November at 5.30 pm on January 12… Read More
Poll | December CPI inflation seen little changed at 5.9%, October IIP growth may rebound to 3%
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Zydus Lifesciences gets final US FDA nod for Febuxostat tablets used to lower high uric acid in blood:
European Markets UpdatesEuropean markets open lower, tracking US futures and volatile Asian markets. The pan-European Stoxx 600 index was down 0.7 percent in early trade, with retail stocks shedding 1.3 percent.
Market update at 2 PM: Sensex is down 653.47 points or 1.08% at 60093.84, and the Nifty declined 207.60 points or 1.15% at 17893.60.
Rupee Updates
Indian rupee extended the gains and trading below 82 level. Domestic currency gained 50 paise at 81.86 per dollar against previous close of 82.36.
Here are the stocks that locked on the lower circuit or have only sellers in the stocks; Click to View More
BSE Smallcap index shed 0.5 percent dragged by T D Power Systems, Tilaknagar Industries, Reliance Communications
Kanoria Chemicals in-house R&D unit obtained recognition from DSIRKanoria Chemicals’ in-house R&D unit at Ankleshwar has obtained recognition from The Department of Scientific & Industrial Research (DSIR). The in-house R&D units under recognition of DSIR are to be engaged in innovative research & development activities related to the line of business of the firm. DSIR in-house R&D recognition benchmarks and acknowledges the company’s R&D capabilities on a national level and makes it eligible for the purpose of availing custom duty exemptions for R&D.
AIA Engineering Large Trade | 1.52 lakh shares (0.16% equity) worth Rs 38.41 crore change hands at an average of Rs 2,522.95 per share.
AIA Engineering was quoting at Rs 2,524.10, down Rs 14.80, or 0.58 percent on the BSE.
PSP Projects bags Letter of Award for a project worth Rs 1,344.01 crorePSP Projects is in receipt of Letter of Award (LOA) for a Government Project worth Rs 1,344.01 crores (excluding GST) for “Construction of State of the art High Rise Office Building” at Surat, Gujarat for Surat Municipal Corporation.With receipt of above, the total Order inflow for the financial year 2022-23 till date amounts to Rs 3,292.59 crore.
