Business

Toyota Motor Corporation reported a 9.5% rise in global group sales in February 2025, including its Daihatsu and Hino subsidiaries, with sales rising 52% in Japan to 177,968 units, while overseas sales increased less than 2% to 647,249 units.Sales in Japan last year were hit by widespread production halts due to a safety test-rigging scandal at the group's small car unit Daihatsu. The group's global sales in the first two months of 2025 rose 5.5% to 1,671,961 units, with sales in Japan rising more than 38% to 348,397 units, while overseas sales fell slightly to 1,323,564 units.Global sales of Toyota and Lexus brand vehicles rose 3% to 1,547,349 units so far this year, with sales in Japan rising 20% ​​to 259,821 units, while overseas sales were steady at 1,287,528 units. Sales in North ...

Mumbai, The country's foreign exchange reserves rose by US$ 4.529 billion to US$ 658.8 billion during the week ended March 21, the RBI said on Friday.In the previous reporting week, the total reserves had risen by US$ 305 million to US$ 654.271 billion.This is the third consecutive week that the foreign exchange reserves have increased, which were on a downward trend recently due to the revaluation, as well as interventions in the foreign exchange market by the RBI to help reduce volatility in the rupee. The foreign exchange reserves had risen to an all-time high of US$ 704.885 billion in September 2024.Foreign currency assets, a major component of the reserves, rose by US$ 1.669 billion to US$ 558.856 billion for the week ended March 21, data released on Friday showed.Foreign currency as...

Bharat Electronics shares: Shares of defence equipment maker Bharat Electronics jumped 1.66% and hit an intraday high of ₹305.70 on the BSE after the company informed exchanges that it has received multiple orders. Shares of Bharat Electronics jumped 1.71% and hit an intraday high of ₹305.80 on the National Stock Exchange. Bharat Electronics informed exchanges that it has received major orders including radar spares, radar upgradation, electronic voting machines, simulators, advanced land navigation systems and stabilisers for tanks, fire control systems for ship-based decoys, communication equipment, other spares and services. The total size of the orders is ₹1,385 crore. With these orders, Bharat Electronics has accumulated orders worth ₹18,415 crore in the current fiscal, the ...

BofA downgrades Zomato and Swiggy citing widening losses; know why target prices were cut and competition intensifies. Quick commerce stocks may be the most popular in town, but BofA Securities disagrees. The international brokerage firm has downgraded Zomato and Swiggy. It has cut Zomato's rating from Buy to Neutral and Swiggy's to Underperform. It expects losses in the Q-Com business to widen over the next 12-15 months and believes margin growth in the food delivery business will slow. Both Swiggy and Zomato's stocks saw massive intra-day declines. BofA Securities has assigned a target price of Rs 250 for Zomato, which implies a cut of 16.6%. The target price for Swiggy is Rs 325 per share and this represents a 22.6% reduction in the target price.BofA on Zomato and Swiggy: Increas...

Battery makers Amara Raja and Exide Industries shares rose 5 and 4 per cent respectively on the 26th after the central government expanded the safe harbour limit to include lithium-ion batteries used in electric or hybrid electric vehicles as a 'core auto component', raising the limit to Rs 300 crore from the current Rs 200 crore. The move is expected to benefit battery manufacturers in reducing compliance risks, encouraging investments and strengthening India's electric vehicle (EV) ecosystem. Lithium-ion batteries are now classified as a 'core auto component' under the rule, which means companies importing them can now accept their declared transfer price without any stringent scrutiny. When companies trade across borders, they can buy and sell goods between their subsidiaries, an...

In today's session, Trent shares saw a notable surge, climbing 2.30% to Rs 5,173.45. This rise was accompanied by a significant increase in trading volumes, indicating strong investor interest and market activity. The stock's move has attracted attention as it is different from its average trading pattern. Increased trading volumes indicate increased market participation in Trent. Such a volume shock relative to the average of the last 20 trading days usually signals a potential change in investor sentiment or the emergence of new information that impacts the stock's outlook. Institutional investors may be taking positions, which may contribute to the increased activity. Trent is currently included in several major indices, indicating its importance in the Indian stock market. These...

Mumbai: Myntra has seen its home category emerge as one of its fastest-growing segments, with demand growing by 60 per cent year-on-year. The firm's ability to capitalise on the growing demand for premium, high-quality home products has worked. With home category purchases increasingly being driven by visual aesthetics, Myntra said it has launched a tech-based solution within Myntra Home, powered by generative AI, that helps customers discover products that suit their personal style, making their discovery-to-purchase journey seamless. Speaking on the growth of the platform's home category, Sharon Pais, Chief Business Officer, Myntra, said, "Built trust across premium customer segments, a large base of 70 million monthly active users and deep market reach have encouraged us to st...