Asian Paints said its decorative paint segment, which accounts for about 80% of the company’s revenue, logged double-digit volume growth.
Bajaj Finance, L&T, Titan, Bajaj Finserv, Adani Ports, SBI, IndusInd Bank, UltraTech Cement, HCLTech, Asian Paints, Axis Bank, Hindustan Unilever, and Bharti Airtel were the net gainers in the Nifty 50 pack.
The broader index Nifty also climbed 68.25 points or 0.33 per cent to reach a fresh record high of 20,969.40.
The GST Council in its 51st meeting on August 2 had recommended amendments to the Schedule III of the CGST Act, 2017, to provide clarity on the taxation of supplies in casinos, horse racing and online gaming.
Mahindra & Mahindra has executed a binding agreement with Temasek for the latter to invest Rs 1,200 crore into Mahindra Electric Automobile Ltd (MEAL), valuing the EV arm at Rs 80,580 crore, M&M said in a regulatory filing.
According to the consultancy, India has a stable airline system led by two principal players after a long time, and “possibly for the first time since (the sector’s) deregulation”.
The government’s initiative ONDC is providing a huge platform for growth of four key sectors, including financial services, agriculture, manufacturing, and e-commerce retail, a Deloitte report said on Thursday.
This is the second extension given by the Cabinet’s Appointments Committee to Patra.
Indian Oil Corporation Ltd’s (IOC’s) recently signed long-term liquefied natural gas (LNG) supply deal with Abu Dhabi’s ADNOC Gas is valued at $7-9 billion, the UAE-based gas major said.
The approval is for acquisition of up to 76.1 per cent shares of Suven Pharmaceuticals by Berhyanda by way of transfer of shares from existing promoter shareholders and public shareholders.