Business

The two-wheeler manufacturer's total sales grew 13% to 489,015 units in October 2024, as against 434,714 units sold in October 2023.Total two-wheeler sales registered a growth of 14%, growing from 420,610 units in October 2023 to 478,159 units in October 2024.Domestic two-wheeler sales stood at 390,489 units in October 2024, up 13% from 344,957 units sold in October 2023.Motorcycle sales stood at 230,822 units in October 2024, registering a growth of 14% as compared to 201,965 units in October 2023. Scooters registered a growth of 17%, with sales increasing from 165,135 units in October 2023 to 193,439 units in October 2024.Electric vehicle (EV) sales grew by 45% over the previous year, with the number of units sold increasing from 20,153 in October 2023 to 29,308 in October 2024.The comp...

Oil prices rose more than 2 percent on Wednesday after Reuters reported that OPEC+ may delay oil production increases scheduled to be implemented in December by a month or more due to concerns about low oil demand and rising supplies.Brent crude futures rose $1.41, or 2 percent, to $72.53 a barrel by 1236 GMT. US West Texas Intermediate crude futures rose $1.34, or 2 percent, to $68.55 a barrel.OPEC+, a group of the Organization of Petroleum Exporting Countries and allies such as Russia, is due to raise output by 180,000 barrels a day in December. The group has cut output by 5.86 million bpd, equivalent to about 5.7 percent of global oil demand."OPEC+ has always advised that ending voluntary supply cuts will depend on market conditions," said Harry Chilinguirian, head of research at Onyx ...

Shares of low-cost carrier SpiceJet Ltd rose over 3% on October 28 after it announced 32 new flights for the winter schedule starting October 27 to expand domestic and international connectivity."With 30 of these flights operating in the domestic sector and 2 connecting Delhi to Phuket with a daily non-stop service, SpiceJet aims to enhance connectivity and offer more choices to travellers.The winter schedule will include exciting new routes, including four new flights from Mumbai to Patna, Gorakhpur, Varanasi and Goa," SpiceJet said that in a stock exchange filing.The airline said that it will connect Patna to Ahmedabad, Guwahati, Kolkata and Bengaluru. "We are delighted to declare the addition of 32 new flights to our network. This expansion reflects our commitment to provide seamless c...

Shares of Larsen & Toubro (also known as L&T) had a weak opening on October 25. It fell 2 per cent to Rs 3,378 after UBS downgraded the stock to 'neutral' and cut its target price in view of several challenges in the upcoming quarters.The brokerage has highlighted an upside potential of 16 per cent from the last closing price of Rs 3,443 with a target price of Rs 4,000. The previous target price given by the brokerage was Rs 4,400. L&T shares have declined 11 per cent in the last month.The international broking firm suggests that although core earnings remain supportive, it anticipates that there could be a slowdown in new order growth, which the market typically gives more importance to than core earnings for L&T.The firm's analysts believe that managing returns and cash ...