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By Priyasmita Dutta and Sagar SenThe government is planning to sell around 2-2.5% of its 96.5% stake in the Life Insurance Corp. of India in 2025-26 (Apr-Mar) to comply with the minimum public shareholding norms, a senior finance ministry official said Thursday. The government has to lower its stake in the insurance behemoth by 6.5% by May 2027. Register to read more
Mahindra & Mahindra Ltd. Friday said the company shipped a total of 83,691 automobile units in July to dealerships in India and abroad, up 26% from a year ago. Of this, its passenger vehicle portfolio, consisting exclusively of sport utility vehicles, saw despatches grow 20% to 49,871 units in India in July. Including exports, passenger vehicle sales stood at 50,835 units in July. Despatches of commercial vehicles a four-month high growth, showing signs of recovery. Read more
Eicher Motors Ltd. Friday said it sold 88,045 Royal Enfield motorcycles to dealerships in July, 31% higher year-on-year, the strongest on-year growth since March. While domestic sales, too, grew to a four-month high, export growth was the strongest since November last year. Read more
Growth of TVS Motor Co.'s two-wheeler despatches in July hit a 17-month high, driven by record high scooter sales, according to the company's exchange filing Friday. Overall, the company sold 456,350 automobile units last month, up nearly 29% on year. Read more
India's manufacturing sector activity expanded at the highest pace in 16 months in July, with the HSBC India Manufacturing Purchasing Managers' Index rising to 59.1 last month from 58.4 in June, S&P Global said on Friday. "Manufacturing sector conditions in India continued to strengthen in July, with the HSBC PMI climbing to a 16-month high due to faster increases in new orders, output and stocks of purchases," the report said. "Firms bought extra inputs to broadly the same extent as in June, however, whilst job creation receded to the weakest since November 2024. Meanwhile, business confidence retreated to its lowest level in three years," it added. Read more
By Gopika Balasubramanium India's headline indices ended lower Thursday as investors shed stocks in the final 30 minutes of trade. But for the eleventh-hour sales, the indices would have closed higher a day after US President Donald Trump announced 25% tariff on Indian goods shipped to the US with an additional penalty for procuring crude oil and military equipment from Russia. However, early Thursday Trump took to Truth Social, his social media platform, and said New Delhi and Washington are negotiating a trade deal and India had shown a willingness to cut tariffs "very substantially", suggesting that a deal may yet be struck. Read more
By Gopika Balasubramanium Technical analysts expect the benchmark indices to rise slightly on Friday as they have been in the negative territory for the past few weeks. Analysts are confident the Indian stock market has discounted all the weakness related to US tariffs and are hopeful of a trade deal. Some analysts are concerned that India will lose its competitive edge in exports to other Asian countries because of higher US tariffs. Read more
By Akash Mandal News of higher US tariffs had a limited impact on the market Thursday, which raised hopes among analysts that the Nifty 50 may rise in the coming sessions. However, options data showed a sharp rise is unlikely as traders added short positions at out-of-the-money call options. Read more
By Avishek RakshitCoal India Ltd. reported an on-year drop of over 20% in its consolidated net profit for the June quarter to INR 87.4 billion, because of a 4% year-on-year decline in sales volumes and moderating realisations from e-auctions. The Maharatna company's net profit beat analysts' expectation of a profit after tax of INR 85.6 billion. Read more
By Rajesh Gajra Affordability issues in the entry segment cars continued to affect the growth of the domestic passenger vehicle industry in the June quarter, the management of the largest car manufacturer in the country Maruti Suzuki India Ltd. said Thursday in a post-earnings call with investors and analysts. During the June quarter, "the participation of first-time buyers in car buying continued to remain subdued largely due to affordability issues" in the domestic market, the management said. Read more
