Railways sets new record in scrap sales, earns Rs 2,582 cr in 6 months

New Delhi, Oct 17 (IANS) Indian Railways has set a record in scrap sales, with earnings on this count in the first six months of financial year 2022-23 at Rs 2,582 crore, as on September 2022) as compared to Rs 2,003 crore in the same period of the previous fiscal. Earnings from scrap sales in … Read more

SAT sets aside SEBI insider trading order against Atul Kirloskar, Rahul Kirloskar and Nihal Kulkarni

New Delhi, Oct 14 (IANS) The Securities and Appellate Tribunal (SAT) has set aside the insider trading order passed by SEBI against Atul Kirloskar, Rahul Kirloskar and Nihal Kulkarni. In a statement issued on Friday, Atul Kirloskar, Rahul Kirloskar & Nihal Kulkarni said, “We are delighted to share that the Hon’ble Securities Appellate Tribunal vide … Read more

BMW Sets Electric Vehicle Sales Record in 3Q By Investing.com

© Reuters. By Michael Elkins  BMW of North America released their 3Q results this week for the BMW and MINI brands. BMW brand sales in the U.S. totaled 78,031 vehicles, a 3.2% increase from the 75,619 vehicles sold in the third quarter of 2021. The company also increased availability for their BMW iX Sports Activity … Read more

To increase medical device exports, Centre sets up dedicated export promotion council

Chennai, Sep 22 (IANS) In order to promote export of medical devices from India, the Union Ministry of Commerce and Industry has decided to set up an Export Promotion Council for Medical Devices (EPCMD). The EPCMD will be under the aegis of Department of Pharmaceuticals and will be headquartered in YEIDA, Greater Noida and with … Read more

Swaraj Engines Tops Over 2-Yr Peak, Hits New High As M&M Sets to Hike Stake

By Malvika Gurung Investing.com — Shares of the diesel engines and components manufacturer Swaraj Engines (NS:) (SEL) zoomed 11.88% to Rs 1,897 apiece and rallied almost 14% to hit a new 52-week high of Rs 1,962 apiece on Wednesday. The scrip has jumped the most since June 2020. The stock rallied after the mega-cap auto manufacturer … Read more

Govt sets up panel to suggest measures for more private equity investments

New Delhi, Sep 13 (IANS) The government has set up an expert committee, headed by former SEBI Chairman Meleveetil Damodaran, to suggest appropriate measures to address regulatory and other issues, so that investments by venture capital and private equity investors can be scaled up. The six-member committee has been set up in accordance with the … Read more