Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago … Read more
Shares of Maggi-maker Nestle India on Saturday rose 3% to the day’s high of Rs 2,514.65 after the MNC’s shareholders rejected a proposal to increase royalty payments to its Swiss parent Nestle. Results of a remote e-voting by shareholders show that 57.18% of the votes were cast against the proposal for increasing royalty from 4.5% … Read more
NEW DELHI: Government is likely to opt for a 15-20% increase in capital expenditure next year, above the Rs 10 lakh crore provided for the current financial year, as it seeks to sustain public spending to spur demand and investment in the economy.The road transport and highways ministry may be allocated Rs 3.2 lakh crore … Read more