Fitch group firm India Ratings and Research (Ind-Ra) has said Indian economy may have slowed to 4.7% in second quarter of current financial year (Q2FY20). The 4.7% projection for the second quarter of the current fiscal would mark six consecutive quarters of slowing growth. The Indian economy expanded 5% in April-June, its slowest annual pace … Read more
Talking about the economic situation of India, Finance Minister Nirmala Sitharaman has said that the growth may have slowed down but the economy will never slip into recession. She added that steps taken by the government post her maiden budget have started bearing fruits and some sectors such as automobiles have shown signs of recovery. … Read more
Finance Minister Nirmala Sitharaman has said the problems in the automobile sector are essentially derived because of the Supreme Court’s (SC) order to upgrade to Bharat Stage (BS) VI emission standards, thus resulting in churn in the sector. She said the auto sector is among the industries that are facing headwinds but have responded to … Read more
APL Apollo Tubes is currently trading at Rs. 1568.90, up by 4.50 points or 0.29% from its previous closing of Rs. 1564.40 on the BSE. The scrip opened at Rs. 1568.90 and has touched a high and low of Rs. 1568.90 and Rs. 1563.00 respectively. The BSE group ‘A’ stock of face value Rs. 10 … Read more
Ashok Leyland is currently trading at Rs. 79.45, up by 0.35 points or 0.44% from its previous closing of Rs. 79.10 on the BSE. The scrip opened at Rs. 79.10 and has touched a high and low of Rs. 79.65 and Rs. 77.55 respectively. So far 1143438 shares were traded on the counter. The BSE … Read more