
M&M's Canada-based associate firm files for winding up; stock drops 3%
Upon liquidation of Resson Aerospace, M&M is entitled to receive around ₹28.7 crore as distribution of proceeds towards Class C preferred shares held by the company.
Upon liquidation of Resson Aerospace, M&M is entitled to receive around ₹28.7 crore as distribution of proceeds towards Class C preferred shares held by the company.
It is alarming that inventory levels have exceeded the 60-day supply for the first time, says FADA.
More testing agencies will be added to give faster clearances, says Union Minister for Heavy Industries Mahendra Nath Pandey.
ASAP focuses on future-oriented automotive technologies in areas such as autonomous driving, e-mobility and connectivity.
Latest Jimny launch is its 4th SUV. In the non-SUV space, Maruti's market share is 65%; overall it's 46%.
The smallcap stock has been rising for the last seven sessions and gained 26% during the same period.
The auto major has declared a final dividend of ₹35 per share, taking the total dividend for FY23 to ₹100 per equity share.
According to market analysts, Maruti Suzuki Q4FY23 numbers were strong on all fronts, while margin expanded on operating leverage benefits and product mix.
Bajaj Auto shares opened higher at ₹4,368.95, but soon slipped as much as 1.4% to ₹4,282.80 on the BSE.
Maserati's Levante GT Hybrid cuts through the clutter